Leading shipping analyst Peter Sand is warning that missile and drone attacks by the Houthis on merchant ships passing through the Red Sea and Gulf of Aden could throttle Suez Canal traffic,
The Maersk containership Maersk Hamburg has become the third ship in the past few days to be targeted by a Houthi missile attack. Multiple media sources, including the AP, identify the ship
Yemen’s Iran-backed Houthis are escalated the attacks on merchant shipping that began with the hijacking of the car carrier Galaxy Leader. Yesterday, the group followed up on a threat to target all
Athens-headquartered Star Bulk Carriers Corp. (NASDAQ: SBLK) is to acquire Stamford, Conn., headquartered Eagle Bulk Shipping Inc. (NYSE: EGLE) in an all-stock merger on a Net Asset Value to Net Asset Value
Last week brought a slew of reports about ever larger car carriers being ordered and designed.What’s all the buzz about? Despite electric vehicle sales disappointing automakers this year, a surge in global
With 24 of its VLCCs being transferred to John Fredriksen’s Frontline as part of a deal that resolved a long-running merger battle, Euronav NV (NYSE: EURN) has been rebuilding its fleet with
COSCO Heavy Industry Shanghai Co. Ltd. has signed a contract with MAN Energy Solutions for the methanol retrofit of four main engines from COSCO Line 13,800 TEU Camellia class and 20,000 TEU
In another example of how charterers are helping push forward the move to greener shipping, Canadian mining giant Teck Resources is making a joint investment with Oldendorff Carriers that will see Norsepower
The IMO Assembly wrapped up its 30th session on December 6. The Assembly is the International Maritime Organization’s highest governing body and among its actions in this latest session were to elect
The world’s largest lessor of containerships, Vancouver, B.C., based Seaspan Corporation, is getting into the Pure Car and Truck Carrier (PCTC) sector. It has signed an agreement with China’s Shanghai Waigaoqiao Shipbuilding,