Hess Corp profit tops estimate as tanker storage bet pays off

(Apr 29 2021)

Oil and gas producer Hess Corp posted a quarterly profit, more than double the Wall Street estimates, as its strategy to store oil during last year's downturn paid off.



Svanehøj wins major pump order for new Chinese MR tankers

(Apr 29 2021)

A significant expansion of the setup in China is showing results. In just a few months, Svanehøj has landed two major P&C pump orders in China.



"Record-weak tanker market" - Concordia's Interim Report Jan-March 2021

(Apr 29 2021)

Continuing large production cuts, stock reductions and consequences of the pandemic resulted in a record-weak market in the first quarter of 2021.



Castor Maritime Inc. announces vessel acquisition

(Apr 22 2021)

Castor Maritime Inc. (“Castor”, or the “Company”), a diversified global shipping company, announces that it entered, through a separate wholly-owned subsidiary, into an agreement to acquire a 2015 Chinese-built Kamsarmax dry bulk carrier from an una...



TEN Ltd announces 24-month charter for four Panamax tankers

(Apr 22 2021)

TEN, Ltd (“TEN” or the “Company”) announced 24-month charters with profit sharing provisions for four LR1 product tankers to an oil concern.



Euronav orders two newbuild VLCCs and one option to add a third

(Apr 22 2021)

Euronav NV (“Euronav” or the “Company”) today announces that it has entered into an agreement with the Hyundai Samho yard for two VLCC newbuilding contracts.



AET recognised with SRS Ship Owner of the Year at the Singapore International Maritime Awards (IMA)

(Apr 22 2021)

AET is delighted to announce that it has won the SRS (“Singapore Registry of Ships”) Ship Owner of the Year Award presented at the Singapore International Maritime Awards (IMA) ceremony held on Monday, 19 April 2021 as part of the Singapore Maritime ...



Alpha Ori Technologies secures $6m funding from Hafnia and BW LPG

(Apr 22 2021)

• Leading maritime digital solutions provider to aggressively accelerate along product roadmap and invest in future technologies. • Mikael Skov, CEO of Hafnia, to join the Alpha Ori Technologies board of directors.



Performance Shipping: aggressive fleet expansion targets likely to result in material dilution again

(Apr 22 2021)

Small Aframax tanker operator is facing substantial headwinds with the charter environment still weak and 60% of its fleet scheduled for five-year special surveys later this year.



OrbitMI partners with Lloyd’s List Intelligence as data provider for liquid cargos

(Apr 21 2021)

OrbitMI, Inc., a global provider of maritime software and data solutions, announced its partnership with Lloyd’s List Intelligence, the trusted expert serving the global maritime industry for 300 years.



Monjasa reveals record high volumes in a year of great contrasts

(Apr 15 2021)

Monjasa Holding managed to successfully navigate the disrupted global fuel markets in 2020. The year concluded with a 9% increase in total volumes and a net profit of USD 30m.



Navios Maritime Acquisition Corporation announces entry into new secured loan facility

(Apr 15 2021)

Navios Maritime Acquisition Corporation (“Navios Acquisition” or the “Borrower”), an owner and operator of tanker vessels, announced that Navios Acquisition entered into a secured loan agreement with a subsidiary of N Shipmanagement Acquisition Corp....



Navigator Holdings Ltd and Ultragas ApS to merge fleets & businesses

(Apr 15 2021)

Navigator Holdings Ltd. (“Navigator”) announced the signing of a non-binding Letter of Intent (the “Letter of Intent”) with Naviera Ultranav Limitada (“Ultranav”) to merge Ultragas ApS’ (“Ultragas”) fleet and business activities with Navigator.



New 3-year unsecured sustainability linked revolving credit facility of EUR 80 million

(Apr 15 2021)

Euronav NV (“Euronav” or the “Company”) announces that it recently signed an EUR 80 million unsecured revolving credit facility.



Wärtsilä caps record-breaking year with scrubber order at Japan Marine United shipyard

(Apr 15 2021)

The technology group Wärtsilä managed a record-breaking amount of scrubber deliveries in 2020, despite the COVID-19 pandemic.




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April-May 2021

Safety risks from digitalisation and decarbonisation - seafarer mental health - ABS advice on ballast water systems