Order at Daewoo Shipbuilding & Marine Engineering will join fleet of ultra large boxships. Brokers indicate they will be scrubber-fitted 23,000 teu units

With fuel surcharges set to increase sharply, a shipper lobby group has produced a toolkit to make extra charges more transparent

Trade deal demonstrates benefits of economic co-operation and free trade

The climate change agenda is making such quick inroads into shipping that some shipping companies may think their best option is to sell their company, says a banker behind the Poseidon Principles 

So much has changed in the global economy over the past 20 years that shipping would be foolish to believe the pace of change will ease by 2030 or 2040. Change is the catalyst for growth

Average spot rates on the Asia-Northern Europe trade are down 18% on the past year, despite a near 6% increase in demand

China’s steel demand is showing high growth this year owing to a strong real estate sector, the World Steel Association says 

Vale is also expecting to bring back a further 25m tonnes of shuttered iron ore output in 2021

The climate change agenda is making such quick inroads into shipping that some shipping companies may think their best option is to sell their company, says a banker behind the Poseidon Principles 

So much has changed in the global economy over the past 20 years that shipping would be foolish to believe the pace of change will ease by 2030 or 2040. Change is the catalyst for growth

Despite the ongoing volatility, the Hong Kong-based company says momentum has returned to the dry bulk market

The move by China to source cement from Vietnam could have a double boost for dry bulk, as Vietnam would require more coal in the energy-intensive process of cement production, according to Braemar research

Earnings for very large crude carriers on routes to Asia from the Middle East Gulf plunged the most

Parent company sells a 5% stake in BW LPG but still controls about 42%

MPA has taken a tough stance against the tampering of mass flow meters, with magnets in particular singled out. Two operators have had their licences revoked so far this year

The family has boosted its majority stake in the Oslo-listed firm just as QVT Financial becomes its second-largest shareholder

Rates surged after US sanctions imposed on September 25 on two tanker subsidiaries owned by China’s state-owned Cosco for shipping Iranian crude spooked refiners and traders, who shunned all tonnage connected with the world’s largest shipping company

The climate change agenda is making such quick inroads into shipping that some shipping companies may think their best option is to sell their company, says a banker behind the Poseidon Principles 

Earnings for very large crude carriers on routes to Asia from the Middle East Gulf plunged the most

Parent company sells a 5% stake in BW LPG but still controls about 42%

The agreement with white knight Lecca Group to pump in $9.7m and buy pipelaying barge Kota Laksamana 101 for $21m was terminated as a result of the move

The family has boosted its majority stake in the Oslo-listed firm just as QVT Financial becomes its second-largest shareholder

Rates surged after US sanctions imposed on September 25 on two tanker subsidiaries owned by China’s state-owned Cosco for shipping Iranian crude spooked refiners and traders, who shunned all tonnage connected with the world’s largest shipping company

As of end-July, the company’s total current liabilities amounted to Yuan79.2bn, including Yuan24.6bn short-term borrowings, whereas its cash and cash equivalents stood at Yuan33.4bn

In October 1919, Lloyd’s launched the first series of law reports dedicated to shipping matters, a tradition that has now reached a century-long milestone

Three of the 12-member crew have been rescued, according to Lloyd's List Intelligence

Globe Underwriting, the UK-based managing general agent, has promoted David Dymond to head of marine and transport following the retirement of Peter Rogers

Harrell joins from Aspen Insurance, where he was head of international insurance and active underwriter of its Lloyd’s Syndicate 4711

The shift to China from Europe comes amid intensifying contagion fears among banks, class societies, charterers and bunker suppliers about exposure to unilateral US sanctions on Iran because of Cosco’s ambiguous and opaque ownership structure

‘Our thoughts and prayers are with the families and loved ones who are grieving over this dramatic event’ — chief executive Gaël Bodénès