Norden buys four handysize bulkers in secondhand swoop
Danish company has been busy buying, selling and leasing vessels this year
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Hapag-Lloyd Swings to Loss on Hormuz Disruptions, Weak Freight Rates
German shipping group Hapag-Lloyd on Wednesday reported a first-quarter loss, citing the impact of lower freight rates and operational disruptions stemming from severe weather conditions and the blockage of the Strait of Hormuz on the back of…
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Project set on becoming Britain’s largest energy storage hub eyes Port of Barrow as onshore base
England-based energy transition-focused player EnergyPathways has joined forces with Associated British Ports (ABP), the UK’s largest ports group, to jointly evaluate the Port of Barrow on the southwest coast of Cumbria as the onshore facilities site f…
Global Oil Supply to Fall Short of Demand as Iran War Goes On, IEA Says
Global oil supply will not meet total demand this year as the Iran war wreaks havoc on Middle East oil production, the International Energy Agency said in its monthly oil market report on Wednesday.”With Hormuz tanker traffic still restricted…
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Asyad Shipping bets on spot market exposure after selling five vessels
Newbuildings will aim to maximise earnings by staying free from term deals, Omani owner says
Asyad Shipping bets on spot market exposure after selling five vessels Read More »