Energy News Beat Dry CargoEurope Castor Maritime Cyprus-based owner Castor Maritime has sold two of its panamax bulk carriers in another family-related transaction. The Nasdaq-listed company is shipping the 2011-built Magic Eclipse and the 2012-built Magic Callisto to outfits beneficially owned by a family member of chairman and CEO Panagiotidis. The deal worth $28m will […]
Energy News Beat Diana Shipping Greek bulker owner Diana Shipping has diversified into the gas shipping sector with an investment in a newly established joint venture, building two 7,500 cu m LPG carriers. The New York-listed company has signed up for 80% in the venture, called Ecogas Holding, which will see the two vessels delivered […]
Energy News Beat As fleet overhaul at Precious Shipping pushes ahead, the Thai dry bulk player has moved to expand its business to other shipping sectors. The Khalid Hashim-led listed owner said in a stock exchange filing that its Singapore subsidiary had struck a deal with Emstraits Navigation and Lianson Fleet, formerly Icon Offshore, to […]
Energy News Beat Dry CargoEurope Greece’s Bluepool has attracted new owners to its panamax dry bulk shipping pool as it set sights on further fleet expansion. Cyprus-based Castor Maritime and Sea Tribute Shipmanagement in Piraeus have committed the 2004-built Magic P and the 2014-built Sea Dawn, respectively, bringing Bluepool’s fleet to 16 bulkers. Athens-based Bluepool […]
Energy News Beat Mark Charman, CEO and founder of Faststream Recruitment, on why human skills still matter. AI is reshaping the maritime industry at an unprecedented pace. From predictive maintenance and autonomous shipping to AI-driven recruitment and workforce optimisation, technology is making operations smarter, safer, and more efficient. But as AI takes on more tasks, […]
Energy News Beat AmericasTankers DHT Supertanker specialist DHT has fixed one of its vessels on a one-year contract. The New York-listed revealed in its annual report it had recently sealed a deal with an undisclosed charterer for the 2017-built DHT Tiger. Out of 23 VLCCs currently in DHT’s fleet, seven ships are locked in on […]
Energy News Beat AmericasRegulatory White House Archives Despite their high profile, US trade tariffs – and retaliatory actions – are to date impacting directly only 1.5% of global seaborne trade volumes, according to the latest data from Clarksons Research, which notes that in the previous 2018-19 trade war tonne-miles were cut by only 0.5%. With […]
Energy News Beat Dry CargoEurope Ilavarasu Shanugam / Marine Traffic Norwegian dry bulk operator Western Bulk Chartering has locked in about $1.5m profit from the sale of a 2020-built ultramax picked up by exercising a purchase option. The Oslo-listed company has offloaded the Western Singapore to Thai bulker owner Precious Shipping for $28m. The purchase […]
Energy News Beat President Donald Trump invoked emergency powers to increase U.S. critical minerals production in a bid to reduce reliance on “hostile foreign powers’ mineral production.” In an executive order, the U.S. President invoked the Defense Production Act (DPA), which is the main tool at a U.S. president’s disposal to shift economic activity toward national […]
Energy News Beat Source: X An MSC-operated containership lost some of its cargo in a storm while underway in the Atlantic Ocean off the coast of Portugal. The Portuguese-flagged 4,432 teu MSC Houston V was on its way from Piraeus in Greece to Liverpool when it encountered rough seas and wind gusts of up to […]
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