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Taekwang consortium’s bid for K Shipbuilding falls through over terms

A consortium led by Taekwang Industrial (003240.KS) has failed to acquire mid-sized shipbuilder K Shipbuilding, formerly STX Offshore & Shipbuilding. Regarding the acquisition negotiations, Taekwang...

OCIMF appoints Chevron’s Don Davis as managing director

The Oil Companies International Marine Forum (OCIMF) has appointed Chevron general manager of global marine assurance Don Davis as its new managing director. Mr Davis...

QatarEnergy update statement on operational incident at Ras Laffan Industrial City

Further to the statement on the explosion and fire on Sunday 21 June 2026 at Barzan local gas supply facility at Ras Laffan Industrial...

Greek-owned fleet accounts for 30% of RINA-classed tonnage

Greek interests account for 30% of the fleet classed by RINA, according to George Youroukos, Chairman of RINA’s Greek Advisory Committee and head of...

Oil keeps flowing through Hormuz despite Iran saying it’s shut

Millions of barrels of oil continued to flow through the Strait of Hormuz this weekend even after Iran claimed to have closed the waterway...

Ardmore expands clean tanker fleet amid volatile Hormuz outlook

Ardmore Shipping has doubled its newbuild orderbook to four product and chemical tankers, exercising options for two additional 40,500-deadweight ton Handysize tankers at China's...

Fenix Partners with Mira Bulk to target lower shipping costs

Fenix Resources Ltd advises that the Company has partnered with Mira Bulk Pte Ltd , a privately owned dry bulk vessel operator, to form...

Shipping slows after Iran says it has again shut the Strait of Hormuz

The number of ships that passed through the Strait of Hormuz fell sharply on Sunday ​after Iran announced it had again closed the waterway,...

Pan Ocean wins 20-year crude oil transport deal with SK worth 2.47 trillion won

Pan Ocean (028670), Korea's largest bulk carrier operator, has signed a 20-year long-term crude oil transport contract with SK Energy and SK Incheon Petrochemical,...

Shipping: Investors return to capesize vessels

The strong recovery in the dry bulk freight market has brought Capesize vessels back into focus, with shipowners increasing their exposure to both newbuildings...

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Nakilat achieves QAR 1.29 billion net profit for the third quarter of 2026

Qatar Gas Transport Company Q.P.S.C. (Nakilat) announced its consolidated financial results for the third quarter of 2026 ended 30 September 2026, with a net...

Navios Maritime Partners remains focused on investment

Navios Maritime Partners, controlled by Angeliki Frangou, is focusing on disciplined capital allocation, fleet diversification and maintaining a strong balance sheet in a shipping...

Capital Tankers announces successful delivery of dual fuel suezmax tanker & new financing arrangements

Capital Tankers, an international shipping company focused on crude oil transportation, provided an update on its fleet and financing status. Delivery of Dual Fuel Suezmax...

Capital Maritime Finance: Strong investor response opens a new chapter for shipping in Athens

Capital Maritime Finance Corp. (CMF) has successfully completed its public offering, attracting exceptionally strong interest. Total bids amounted to approximately €1.1 billion, making the offering...

Nordea posts 3Q2026 financial results

Nordea released its third-quarter financial results.

Trump’s plan to revive sanctioned tankers faces tough sell

A US plan to rehabilitate sanctioned tankers to boost oil supply may attract only...

Hormuz could be ‘redundant’ in five years, replaced by new routes, HSBC CEO says

Investment in alternative logistics routes in the Gulf to mitigate the impact of ​the...

Celestyal announces new onboard offering for Western Mediterranean sailings

Celestyal has unveiled a new onboard programme for Celestyal Discovery’s first dedicated Western Mediterranean...

Greece and Japan enhance maritime cooperation

Minister of Maritime Affairs and Insular Policy Vassilis Kikilias held a series of meetings...

Iran’s guards say two tankers hit mines in Strait of Hormuz

Iran’s Revolutionary Guards Navy said on Saturday that two oil tankers had caught fire...

MPA and China classification society strengthen partnership for a greener, smarter maritime future

The Maritime and Port Authority of Singapore (MPA) and the China Classification Society (CCS) have renewed their Memorandum of Understanding (MOU) to strengthen collaboration...

AD Ports Progressing in Reducing Emissions Intensity of Operations

AD Ports Group announced the release of its 2025 Sustainability Report, in which it highlights significant progress in its decarbonisation plans, including a 6%...

Container throughput at Piraeus’ Terminals II and III rises 15.3% in September

Container throughput at Terminals II and III at the port of Piraeus rose by 15.3% in September, despite many containerships continuing to divert around...

Piraeus Port Authority hosts Chinese delegation from ports, shipping and logistics sectors

The Piraeus Port Authority (PPA) welcomed a delegation of professionals from China’s ports, shipping and logistics sectors as part of a knowledge and experience...

A.P. Moller Capital agrees to acquire Portek International from Mitsui & Co.

A.P. Moller Capital has signed an agreement, through its A.P. Moller Capital – Emerging Markets Infrastructure Fund II, to acquire 100% of Portek International...