Inchcape takes majority stake in Suez transit specialist Leth
Inchcape Shipping Services, a portfolio company of private equity fund Epiris, reports that it has taken a majority share in Leth Suez Transit Ltd AS (Leth). Leth, with roots that go back
Shipping
Maersk: Red Sea transits paused
As had been widely expected, following last week’s Houthi attacks on the Maersk Hangzhou, Maersk today officially notified customers that it is pausing all Maersk Red Sea/ Gulf of Aden transits until
10 Houthis killed in attack on Maersk Hangzhou
Underscoring the continuing threats facing commercial shipping in the Red Sea, U.S. Central Command has reported on two attacks by Houthis on the Maersk Hangzhou containership. In the second, ten Houthis died.
Maersk moves to line up Yokohama green methanol supply
A.P. Moller-Maersk (Maersk) has signed a Memorandum of Understanding (MoU) with the City of Yokohama and Mitsubishi Gas Chemical (MGC). The collaborative agreement will focus on the development of a Yokohama green
NYK Line to trial long-term biofuel use
Japan’s NYK Line says that, starting in FY2024, it will conduct full-scale trials of the long-term use of biofuels, considered as net-zero CO2 fuels, in its current HFO-fueled ships. Moving forward from
OFAC moves to stem flow of Iranian funding to Houthis
As the Houthi attacks that began with the hijacking of the Galaxy Leader continue to disrupt Red Sea shipping, the U.S. is moving to stem the flow of the Iranian money that
Euronav set to acquire CMB.TECH
The Saverys family is continuing with the reshaping of Euronav (NYSE:EURN) following the deal that saw 24 of the company’s VLCCs being transferred to John Fredriksen’s Frontline, resolving a long-running merger battle,
OSG sees liquefied CO2 carriers in its future
Tampa, Fla., headquartered Overseas Shipholding Group Inc. (NYSE:OSG) is looking to get into the growing carbon storage and transport business, including operating liquefied CO2 carriers, and it’s taking its first steps right
Carnival reports all time high full year revenues
Cruising has come a long way since the dark days of the COVID shut-down when much loved veteran cruise ships were being beached for scrapping. Evidence of the industry bounce back came
Red Sea is becoming a no go zone for shipping
Supply chain disruptions as a result of Houthi attacks on merchant ships in the Red Sea are only likely to increase. A growing number of ship operators have themselves decided to suspend