Online valuation and market intelligence provider VesselsValue says that 2021 saw significant trends and changes in the shipping industry that combined to result in a diverse demolition market. Last year saw 704
As we noted when German shipbuilder MV Werften filed for insolvency on January 10, the move raised big questions about the future of its parent Genting Hong Kong, whose operations include Dream
Looks like A.P. Moller – Maersk A/S won’t be strapped for cash as it plans a new generation of methanol fueled box ships and ratchets up its decarbonization ambitions. Maersk is reporting
Teekay LNG Partners L.P. (NYSE: TGP) today reports that its previously announced acquisition by investment vehicles managed by New York City headquartered Stonepeak has completed. With the $6.2 billion deal done, the
Netherlands-based Vroon Group reports that it has reached a preliminary agreement on debt restructuring that will see its lenders become its majority shareholders. “For several years Vroon has been in discussions with
Maroussi, Greece, headquartered Pyxis Tankers Inc. (NASDAQ: PXS) has agreed to sell the Northsea Alpha and Northsea Beta, two 2010 built 8,600 dwt product tankers for an aggregate sale price of $8.9
In another indication of the strength of the container shipping market, Athens-headquartered Euroseas Ltd. (NASDAQ: ESEA) today reported the extension of the charter of its M/V Evridiki G and a new time
New York City-headquartered CIT Group Inc. (NYSE: CIT) reports that its Maritime Finance business has provided $35.5 million to finance four commercial shipping vessels operated by Greenyield Shipping LLC. Greenyield is managed
As LNG fueled vessels get larger, so do their bunkering needs. Today, London-headquartered Avenir LNG Limited (N-OTC: Avenir) reported that it has entered into a Time charter party (TCP) with Shell NA
Arlington, Va.-headquartered Venture Global LNG reports that it has signed a 20-year sales and purchase agreement with CNOOC Gas & Power Group Co., Ltd., a wholly owned subsidiary of China National Offshore