Frontline pulls out of Euronav acquisition
The wedding is off. John Fredriksen controlled tanker giant Frontline plc is no longer to pursue the tanker mega merger with Antwerp-headquartered Euronav NV first announced back in April last year. The
Shipping
Shipping interests and FMC in ding dong over proposed rulemaking
On October 14, 2022, the Federal Maritime Commission (FMC) issued a notice of proposed rulemaking (NPR) on detention and demurrage billing requirements. Industry interests didn’t like it, saying that it had aspects
Clarksons 2022 profit set to beat expectations
In a brief regulatory filing today, London-based shipbroking giant Clarksons announced that, following strong trading throughout the final quarter, particularly from its broking division, results for the year ending December 31, 2022,
Dynagas LNG Partners ice class LNG carrier awarded new Equinor time charter
Athens headquartered Dynagas LNG Partners LP (NYSE: DLNG) reports that it has entered into a new time charter party agreement with Equinor ASA for the employment of the 2013 built ice class
Seapeak completes $700 million Evergas acquisition
Hamilton, Bermuda, headquartered Seapeak LLC reports that it has completed the previously announced acquisition of Greenship Gas Trust and Greenship Gas Manager Pte. Ltd. and their subsidiaries (collectively, Evergas) from Jaccar Holdings
Livestock carrier to be auctioned, but stranded crew have yet to receive wages
The International Transport Workers’ Federation (ITF) reports that a Liberian-flagged livestock carrier, the Yangtze Fortune, has been arrested in Portland, Victoria, Australia, by the Australian Federal Court. In the meantime, the Australian
Marine Log’s Top Women in Maritime in 2022: The full interview
As the maritime industry continues to increase diversity and bring more women into its ranks, we wrap up 2022 for the third year in a row by bringing to you our list
MSC: Bloomberg gets it wrong on MSC Gayane coke bust story
Mediterranean Shipping Company (MSC) says it is “aware of” a mid-December 2022 Bloomberg media story about the 2019 incident in which the 10,766 TEU MSC Gayane became the largest vessel ever seized
OSG extends charters of 6 Jones Act tankers
Overseas Shipholding Group, Inc. (NYSE: OSG) has exercised options to extend its bareboat charter agreements with Oslo-listed AMSC ASA for six Jones Act tankers. The six bareboat charter extensions provide for additional
Two Commissioners seek greater FMC powers on carrier and terminal agreements
Federal Maritime Commissioners Carl W. Bentzel and Max M. Vekich have written key Members of Congress to urge changing the law in a way that would allow the FMC to prohibit agreements