New York- and Oslo-listed gas carrier giant BW LPG is cashing in again on strong secondhand values, agreeing to sell an 18-year-old VLGC for more than $80m as it presses ahead with a major fleet renewal programme. The company’s 52%-owned subsidiary, BW LPG India, has signed an agreement to sell...
ZEBOX, the international innovation accelerator founded by CMA CGM Group Chairman and CEO Rodolphe Saadé, has announced four winners of its first Asia-Pacific Challenge for Impact competition,...
DNV has become the first non-Japanese recognized organization authorized by Japan's Flag Administration to apply floating offshore wind classification rules in the country.The authorization allows...
Today, Tuesday, October 20 2026, the Baltic Dry Index climbed 47 points, 2593 points. Baltic Dry Index is compiled by the London-based Baltic Exchange and covers prices for transported cargo such as coal, grain and iron ore. The index is based on a daily survey of agents all over the world....
The UK Chamber of Shipping has urged the British government to avoid repeating the compliance problems encountered under FuelEU Maritime as it prepares to introduce its own maritime fuel standard. In a policy paper published this week, the industry body warned that the EU regime, which came...
Greek shipowner Capital Tankers has lined up $930.3m in financing for 11 VLCC newbuildings under construction in China and South Korea, making further headway in funding its expanding crude tanker fleet. The Evangelos Marinakis-backed company has signed four financing arrangements since late...
The Trump administration is authorising the sale of sanctioned oil tankers to approved investors who would refurbish the vessels and return them to legitimate crude trades, US energy secretary Chris Wright revealed yesterday, as Washington scrambles to contain soaring freight costs amid the...
Asset plays have been the name of the game in shipping circles in recent weeks, with a string of relatively new Middle Eastern players flipping tankers to Chinese buyers at eye-catching profits. But one familiar Greek name, long associated with remarkable timing in the sale-and-purchase market,...