The VLCC tanker sector has benefited from a very low newbuilding orderbook, however, brokers Poten expect ordering to return in the second half of 2024.

Greek Prime Minister Kyriakos Mitsotakis has expressed his concerns about violence in the Red Sea and the impact on global trade.

Importers and exporters based in Piraeus Greece’s largest port have called on the Greek government to help ease the price hikes caused by the new longer routes being adopted by vessels as violence in the Red Sea continues.

Empire Navigation operator of the St Nikolas says a Greek seafarer from the 19-person St Nikolas crew has been released by the Iranian authorities.

Even after last week’s US led air strikes, aimed at limiting the Houthi’s ability to threaten commercial shipping through the Bab al-Mandeb Straits, missiles are finding their targets, disrupting trade and risking the re-ignition of the...

Bahri Chemicals has signed a five-year agreement to time charter in two methanol-powered tankers from the Proman Stena Bulk partnership.

Following the dissolution of the 2M alliance, of Maersk and MSC, it was expected a realignment of the top 10 container lines could take place, the Gemini Cooperation could prove to be start of this shift, but the move could drive further merger...

The new Gemini Cooperation alliance of Maersk and Hapag-Lloyd is seen as positive news by shippers and analysts as the two lines set out their ambitions around schedule reliability and green credentials.

South China shipbuilder CSSC Huangpu Wenchong Shipbuilding says German owner Elbdeich Reederei ordered two 1,250 teu boxships plus options for another pair.

German container carrier Hapag-Lloyd is set to leave THE Alliance in January 2025 and join a new alliance with Maersk Line, called the Gemini Cooperation to be launched in February next year.