Sanctioned trades are a risky, but potentially profitable business. Leaked documents offer anecdotal evidence as to what shipowners engaged in Iranian trades earned in 2021 and 2022

Fighter Two previously transferred its latest Russia-loaded cargo to another tanker in mid-June for onward shipment to India, with any similar transfer post-sanctions testing the effectiveness of the UK enforcement measures on tankers breaching the G7 oil price cap on the federation’s oil and shipping sectors

The tanker formerly known as Suez Rajan remains detained in Iran, after having been seized by the Iranian Navy in January, following a long running dispute with the US

Orderbook including three LNG-ready aframaxes is already in the money due to recent jump in prices, says chief executive

‘Very strong’ rate is 12% higher than current hire and the firm period of the charters is expected to generate total revenue of about $100m

Milan-listed product tanker owner d’Amico International Shipping has cancelled a Memorandum of Agreement to acquire the 2017-built tanker Amfitrion because of the sellers’ ‘failure to comply with the latest possible delivery date of the vessel’. The company plans to ‘monitor the market’ for other opportunities

Orderbook including three LNG-ready aframaxes is already in the money due to recent jump in prices, says chief executive

Shipowners behind elderly tonnage used to ship Russian, Venezuelan and Iranian oil are choosing small registries that specialise in this niche area

Follow-on offerings by larger shipowners were a mainstay of US public markets in earlier eras. After a long drought, offerings by SFL and Dorian hint at a potential re-emergence of capital raising on Wall Street

Texas ports closed over the weekend ahead of Hurricane Beryl, which made landfall early on Monday as a category 1 hurricane, killing at least three people. The impact on the tanker and gas carrier market will depend on the length of port closures, although the reopening of Corpus Christi port suggests limited impact on crude tankers

South Korea’s HD Hyundai Heavy Industries will build the ships, which are options on a previous pair of tankers of the same size

John Fredriksen-controlled Avance Gas has brushed off the idea of a dual US listing in the past because the billionaire’s significant stake in the company would limit trading liquidity. But CFO Randi Navdal told a Marine Money forum in New York on Wednesday that a dual listing could make sense

LNG led alternative fuel vessel orders in the first half, as methanol loses momentum because of uncertainties about supply

The purchase of assets for LNG shipments has all the hallmarks of dark fleet tanker development seen since 2022 when pending sanctions fuelled a supercharged sale-and-purchase spree of secondhand tankers to anonymously owned, recently formed companies with links to the UAE

Rosatom, which oversees the northern sea route, has granted permits for several LNG carriers and four Gabon-flagged crude tankers to transit the route using icebreaker assistance

The Chinese shipbuilding giant currently boasts a new ship orderbook worth more than $16bn, nearly double the amount at the end of 2021