Ireland-based tanker shipping company Ardmore Shipping Corporation confirmed Tuesday that it received and turned down an unsolicited acquisition proposal last month from larger competitor Hafnia Limited.BW Group’s Hafnia said it sent a letter…
Ardmore Rejects Hafnia’s Takeover Bid Read More »
Ship owners have intensified their interest towards second hand dry bulk carriers, most notably Capesizes, as a result of the recent market rally. In its latest weekly report, shipbroker Allied Shipbroking said that “on the dry bulk side, a very strong…
Capesize Bulkers In High Demand Read More »
This year so far has been full of events which have affected many global markets, including the bunker market. While the spread of Covid-19 reduced crude oil demand, the production cuts changed not only the supply of crude oil but also its composition….
Fuel oil tightness means shipowners pay more for bunkers in ARA Read More »
To decarbonise maritime transport, the Environment Committee voted on Tuesday to include CO2 emissions from the maritime sector in the EU Emissions Trading System (ETS). The Commission has put forward a proposal to revise the EU system for monitoring, …
Ocean Voyages Institute’s marine plastic recovery vessel, S/V KWAI, docked at the port of Honolulu at the end of June after a 48-day expedition successfully removing 103 tons (206,000 lbs.) of fishing nets and consumer plastics from the North…
OVI: 103 Tons of Garbage Removed From North Pacific Gyre Read More »