The International Energy Agency’s 32 member states have agreed the biggest release of strategic oil reserves in history. The release was announced on a day that saw forward freight agreements surge in ...

According to a filing with the US Securities and Exchange Commission, Glickman intends to sell 700,000 ordinary shares, carrying an aggregate market value of $20.2m. The transaction will be executed ...

Interests of JP Morgan have inked a KRW 400.1bn ($268m) contract to build three suezmax tankers at Samsung Heavy Industries in South Korea. SHI said on Tuesday that it had won an order to build three ...

UK-based Union Maritime has been busy securing clean tanker capacity as spot and term rates soar. The Laurent Cadji-led private owner is reported by brokers to have taken four MR vessels on period ...

Italy's d’Amico International Shipping (DIS) has lifted its MR2 tanker orderbook to four vessels. The Milan-listed owner said it declared two options for an additional 50,000-dwt clean carriers at ...

Awilco LNG has unveiled its long-teased new trading venture and is aiming to complete a first trade within months. Chief executive Jon Skule Storheill said the company has employed Ben Freeman and ...

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Italy’s d’Amico International Shipping (DIS) has arranged new financing for six of its tankers at what it calls “a historically low margin”. The Milan-listed owner said the new facilities are worth a ...

Three seafarers are trapped on a burning bulk carrier after it was attacked by Iran around the Strait of Hormuz today. Owner ...

Greek buyers are pressing ahead with a fresh bid for Stena Bulk’s suezmax Stena Sunshine despite a near-frozen sale-and-purchase market. The deal is moving ahead at a price up to $6m higher than their ...

Belgium's Jan De Nul says it is expanding its offshore fleet to help meet the challenge of global energy independence. The group has ordered a trenching vessel at China Merchants Heavy Industry and is ...

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