Business

Target Corp. has appointed Jeff England as its new chief global supply chain and logistics officer, bringing in a veteran of Walmart’s...

Thenamaris is pressing ahead with its tanker fleet renewal programme after booking three LR2 product tanker newbuildings at China’s Hengli Heavy Industries, further strengthening its position in the product tanker segment.  The Chinese shipyard confirmed the order via social media, although no pricing details or delivery schedule have been disclosed.  This latest move adds to an already active newbuilding pipeline...

The European Commission is preparing potential measures to restrict certain goods that could indirectly support Russia’s military production, with alumina — including material produced in Ireland — now under increased scrutiny.  The move follows an investigation by The Irish Times, in collaboration with the Organised Crime and...

Artificial intelligence is rapidly moving from experimentation to everyday operations across the maritime sector. From chartering and voyage planning to compliance, documentation and commercial management, shipping companies are increasingly integrating AI into critical workflows.  But according to a new report from Veson Nautical, the real issue facing the industry is no longer whether to adopt AI...

The ongoing shipping crisis around the Strait of Hormuz is now triggering something far bigger than temporary disruption. Across the Middle East and Asia, governments, ports and major industrial groups are moving quickly to redesign trade routes and reduce dependence on one of the world’s most sensitive maritime chokepoints.  According to the...

The tanker sector is moving deeper into one of the biggest ordering waves the industry has ever seen, with new research suggesting 2026 could end up recording the highest annual tanker newbuilding total in history.  According to investment bank Evercore ISI, the first four and a half months of the year have already produced the fifth-highest level of tanker ordering seen this century, underlining how aggressively owners are continuing to expand fleets while freight markets remain exceptionally strong.  In a recent report, Evercore ISI warned that owners appear unwilling to slow down while market conditions remain favourable.  “Owners...

Greek shipping executive Aristides Pittas is continuing to strengthen his position in the dry bulk market, with companies linked to...

Strategic Marine has secured a fresh order from Mainprize Offshore for the construction of two new 33 m Supa Swath crew transfer vessels, continuing a partnership that has steadily expanded over the years.  The Singapore-based shipbuilder confirmed that the latest contract brings the total number of Supa Swath vessels ordered or delivered to Mainprize Offshore to 10, underlining the offshore operator’s growing reliance on...

Safe Bulkers is continuing its fleet renewal strategy with the sale of two ageing dry bulk vessels, as the Greek shipowner pushes further toward a younger and more environmentally efficient fleet.  The New York-listed company confirmed it has agreed to sell the 2006-built post-panamax Xenia for $13m and the 2008-built kamsarmax Pedhoulas Commander for $14.7m.  Both vessels...

CMB.TECH is continuing to benefit from the exceptionally strong tanker market, securing a substantial profit from the sale of one...