Wiernicki talks shipping and clean ergy

Wiernicki: “Shipping pivotal to clean energy transition”

“Shipping will play a pivotal role in driving the global clean energy transition,” that was the message delivered by ABS chairman, president and CEO Christopher J. Wiernicki gave in a series of

Norsepower rotor sail retrofit

MOL and Vale in rotor sail retrofit agreement

Brazilian mining giant Vale International and Japan’s Mitsui O.S.K. Lines, Ltd. (MOL) have reached an agreemen that will see two rotor sails retrofitted on a 200,000-dwt class bulk carrier, currently employed under

Synergy's new PPE for female seafarers

Synergy rolls out new PPE for its female seafarers

Female seafarers working for Captain Rajesh Unni’s Synergy Group are to get more comfortable coveralls. The Singapore-headquartered ship management company is rolling out new Personal Protective Equipment (PPE) that has been designed

Hunter Group LCO2 carrier

Hunter Group inks CCS development with DNV

Hunter Group ASA, the Oslo-listed investment company that successfully constructed, owned and operated eight very large crude carriers until it sold the last of them last year, is now setting its sights

Eagle Bulk Gary Vogel

Eagle Bulk reports record full year profit

“Despite a weaker rate environment, our Q4 results cemented a record annual profit of roughly $250 million for 2022,” said Gary Vogel, CEO of Stamford, Conn., headquartered Eagle Bulk Shipping Inc. (NYSE:

CIT provided Purus with ammonia carrier acquisition financing

CIT provides financing for Purus ammonia carrier acquisition

First Citizens Bank reports that its Maritime Finance group, part of its CIT division, has provided financing to Purus Clean Energy, a subsidiary of Purus Marine, to support the acquisition of the

OFAC sanctions are a Treasury function

Sanctioned Singapore oil and gas trader reacts to OFAC designation

On February 9, Singapore’s Unicious Energy Pte Ltd was among nine companies targeted by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) for facilitating the sale and shipment

John Fredriksen seeks sea on Euronav board

John Fredriksen seeks seat on Euronav board

In the latest plot twist in the ongoing drama following the collapse of the planned tanker mega merger of Euronav and Frontline, Famatown Finance Limited today announced that it intends to propose

New Maersk CEO Vincent Clerc

Maersk’s record breaking year ends on a muted note

In line with its earlier guidance, A.P. Moller – Maersk (Maersk) delivered a full-year 2022 revenue that was increased by 32% to $81.5 billion, while EBIT increased by 57% to $30.9 billion

CEOs talk 2M Alliance

MSC and Maersk will end 2M alliance

In a move that will cause few tears to be shed by those who think the liner shipping industry is far too cosy, anyway, container shipping giants Mediterranean Shipping Company (MSC) and