Product tankers are expected to see much higher fleet growth — 3.7% in 2025 and 7.3% in 2026 — eating into demand-side growth ...

Flettner rotors, or spinning rotor sails, use a phenomenon known as the Magnus effect where a spinning object creates a ...

Pure Energy has signed a $1.1bn sale and leaseback transaction with Chinese CMB Financial Leasing (CMBFL). Pure Energy will ...

Greek shipowner George Economou has made a surprise move in the shipbuilding market by ordering a series of container vessels ...

Brokers explained that while Energos currently charters the FSRU to Jordan’s national utility National Electric Power Company ...

Swiss owner Sallaum Lines has placed a bet on Chinese demand by doubling its car carrier orderbook to 12 ships worth $1.08bn.

George Procopiou-backed Pure Energy has signed a $1.1bn sale-and-leaseback transaction with Chinese CMB Financial Leasing ...

Maersk Tankers has offloaded its oldest vessel for an attractive price in China. Multiple broking sources said the Danish ...

Hutchins is warm and laid-back but — much like the group’s chairman, Henning Oldendorff, — is intent on remaining low-key.

Tanker owners are still making money but market dynamics have to change if VLCC rates are to make a major jump upwards, ...

The share price implies a fall in the company’s vessel values of 30%, the investment bank calculated. “While further declines ...

Those following the business said the 160,000-cbm Energos Eskimo (ex-Golar Eskimo, built 2014) is set to shift over to work ...