Fairbanks Morse Defense (FMD), a portfolio company of Arcline Investment Management, finalized its acquisition of the Rolls-Royce Naval Handling facility in Peterborough, Ontario. The closing officially establishes the facility as FMD’s Canadian headqu…
FMD Completes Rolls-Royce Acquisition, Establishes Canadian HQ Read More »
A Qatari LNG tanker was at risk of exploding and a Saudi-flagged crude oil tanker was damaged near the Strait of Hormuz, sources said on Tuesday, after reports that Iran fired missiles at ships in the waterway overnight.The Al Rekayyat, loaded with liq…
Two Vessels Struck Near Hormuz, LNG Tanker at Risk of Explosion Read More »
Ukrainian drones have attacked a dozen tankers from Russia’s “shadow fleet” over the past two days that were delivering fuel to Crimea, Kyiv’s military said on Tuesday, as it intensifies efforts to isolate the Russian-occupied peninsula.Ukraine’s…
Ukraine Attacks a Dozen Russian Shadow Fleet Tankers Over Two Days Read More »
VLCC vehicle gets new chief executive as it looks to shield investors from growing orderbook
Tor Olav Troim’s Bruton splitting in two as first VLCC hits water Read More »
Coastal network in India lifted to 10 vessels with arrival of DP World Indus
DP World buys feeder ship to boost coastal shipping fleet in India Read More »