French investment group Eurazeo will invest $24m in Samskip’s hydrogen-fuelled containership that is due for delivery in 2025

Master writes second letter to president to plead for officers’ release

Yemen’s Houthi rebels claimed they would not attack ships “except for ships belonging to the Zionist enemy or those related to it”

The Danish company says it has secured sufficient green methanol to cover the vessel’s maiden voyage

Missiles and drones targeting Eilat have missed or been intercepted, but the threat to shipping in the Red Sea has deterred shipowners from calling

The worst-case scenario analysis from maritime consultancy UMAS points to freight rate increases of up to 17% on certain routes because of the rising costs of alternative fuels such as green methanol, while it finds that a flat rate carbon tax of $600 could be needed to close the green premium

The government still sees the Danube ports as a strategic area after the reopening of the big Odesa seaports and is in discussions with neighbouring countries to further improve capacity

Yemen’s Houthi rebels claimed they would not attack ships “except for ships belonging to the Zionist enemy or those related to it”

Biggest rally for decade falters, with capesizes down nearly 40% since Monday

Cyprus-based owner is also looking at an ammonia- or methanol-fuelled kamsarmax design still under development

Deals include more LNG-fuel large PCTCs and a quartet of methanol dual-fuel very large ore carriers

Governments are wary about the potential impact of hostilities on global trade, but data indicates there have been no major changes to traffic flows since Yemen’s militant group started targeting ships

Third-quarter profits slip but owner is ‘confident’ in charter profile of six-ship fleet

Some 13 individuals and entities, including a shipping agent, were sanctioned for their role in channelling tens of millions of dollars’ worth of funds to the Houthis from the sale of Iranian commodities

Yemen’s Houthi rebels claimed they would not attack ships “except for ships belonging to the Zionist enemy or those related to it”

Euronav has lifted the option for a third very large crude carrier that can run on ammonia as the Belgian tanker owner renews its fleet after selling 24 VLCCs to Frontline

Sanctions are the most sweeping imposed by any Western government since bans on Russian crude and petroleum shipping were imposed a year ago

Deals include more LNG-fuel large PCTCs and a quartet of methanol dual-fuel very large ore carriers

French investment group Eurazeo will invest $24m in Samskip’s hydrogen-fuelled containership that is due for delivery in 2025

Cexim is sending a clear message to grow shipping loans beyond China, despite challenges stemming from market forces, domestic economic conditions and geopolitical dynamics

OSG has announced its first cash dividend since its troubled restructuring in 2016 that saw it spin off its international tanker business, International Seaways. Chief executive Ed Norton says OSG’s board ‘expects the consideration of the payment of regular quarterly dividends to be on its agenda in the future’

US private equity giant Oaktree Capital Management has sold 2.8m of Torm shares for about $84.6m, over eight months after it abandoned a planned market sale of 5m shares when the stock tanked

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Genco Shipping has closed on a $500m revolving credit facility, expanding its borrowing capacity by 46% from $156m. The facility includes a sustainability-linked feature, with interest rates rising or falling by a margin of 0.05% based on fleetwide carbon emissions targets

Master writes second letter to president to plead for officers’ release

Marine insurers stay busy year in, year out, providing the 118,000 vessels in the world fleet with all classes of cover, principally P&I and H&M. However, the Russian invasion of Ukraine in 2022 and the fighting between Hamas and Israel is providing ample work for war risk insurers too

Some markets looking for war coverage as result of fighting in Gaza

Gard issues loss prevention advice for vessels transiting region

War risk premiums for Red Sea transits are only moderately higher since the start of Gaza fighting, but could rise sharply for everybody if Iranian proxies continue to target vessels

Premiums already up 200% after Galaxy Leader hijack and likely to get firmer this week