Oil prices fell for a third consecutive day on Thursday as concerns over supply disruptions eased after Qatar said Iran and the U.S. had made progress in talks over the Strait of Hormuz.Brent futures LCOc1 were 66 cents or 0.92% lower at $70.91 a barre…
Oil Hits Four-Month Low After US-Iran Doha Talks Read More »
Castor Maritime has acquired a 2024-built Kamsarmax bulk carrier for $41.9 million and completed the delivery of a second vessel, expanding its fleet to 11 ships.The company said it acquired the M/V Magic Saturn from an unaffiliated third party…
Castor Maritime Buys Second Kamsarmax Bulker, Takes Delivery of Two Vessels Read More »
A.P. Moller Holding has agreed to acquire 100% of Oslo-based ship leasing company Ocean Yield from funds managed by investment firm KKR, expanding its maritime portfolio.Ocean Yield has interests in more than 70 vessels across several shipping segments…
A.P. Moller Holding to Acquire Ocean Yield from KKR Read More »
Long-term plans are being torn up and traded in for agility after six months of uncertainty
How war, geopolitics and uncertainty are rewriting the shipping playbook Read More »
German federal prosecutors said on Thursday that a Ukrainian national tied to the Nord Stream pipeline blasts has been charged with being an accomplice to a war crime, disruption of public services, causing an explosion and destroying structures.Serhii…
German Prosecutors Charge Ukrainian in Nord Stream Blasts Case Read More »