Maritime

The tanker market is going through an unusual phase where urgency has started to matter more than fundamentals, with buyers...

The takeover battle between Genco Shipping & Trading and Greek rival Diana Shipping has intensified once again after Genco’s board...

What began as a discussion about iron ore flows and freight rates at last month’s Geneva Dry conference quickly evolved...

Iran has unveiled a new maritime control initiative around the Strait of Hormuz that is already raising serious concerns across global shipping markets and among international operators.  According to Iranian state media, Tehran is proposing a new...

Concerns are growing again around the Panama Canal as shipping companies prepare for a new maintenance period that is expected...

The two biggest shareholders in Golden Energy Offshore Services are exploring strategic options that could potentially reshape the future ownership...

Boskalis is preparing for the next wave of offshore energy projects with the order of a brand-new high-capacity cable laying vessel, strengthening its position in one of the fastest-growing segments of the maritime industry.  The Dutch marine services and dredging group...

Norway’s Hunter Group says its ongoing dispute with a long-term charterer has escalated further after the counterparty once again paid significantly less than the agreed charter amount for two VLCCs.  The Oslo-listed company revealed that the unnamed charterer underpaid April charter hire by approximately $9.22m, following a similar payment shortfall already reported for March.  According to Hunter Group, the total disputed amount has now risen to around $17.84m, excluding accrued interest.  The company stated that both management and its legal advisers remain confident that the charterer has “no merit” for making the reduced payments, adding that the continued underpayment is considered a breach of contract.  Hunter said it will continue taking “all necessary steps” to defend its contractual rights as the situation develops.  For...

The takeover fight between Diana Shipping and Genco Shipping & Trading is becoming increasingly aggressive, with the Greek dry bulk...

The International Chamber of Shipping has welcomed the Polish Shipping Association as a full member, adding another national voice to...