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Keep informed with daily analysis and insight into shipping’s relationship with financial markets including company results, credit reports and investment decisions

MSC and CMA CGM buy up more chartered containerships

CMA CGM is reported by brokers to have exercised a purchase option for a long-term chartered sub post-panamax. Meanwhile, MSC has brought its tally of secondhand containership buys since the beginning of 2023 to some 65 vessels

Containers Brokers

Greece commits to measures for greening of coastal shipping

Public-private partnership is being put together with aim of building vessels to run on green fuels within ‘three to four years’

Sustainability Greece

Genco vs George: US-listed owner responds to Economou as proxy battle heats up

US-listed Genco has gone all out in its response to George Economou’s fiery proxy statement filed last week. The bulker owner launched a new website to convince shareholders to vote against Economou’s proposals, blasting the Greek billionaire’s corporate governance record and calling his board nominee a ‘professional pawn’

Dry Bulk Finance

How could Middle East crisis play out for tanker exchange-traded fund?

Trade disruptions have been positive for spot rates, and consequently, for shipping exchange-traded funds. Recent disruptions have left VLCC rates relatively unscathed, but restrictions at the Strait of Hormuz would have a significant effect on VLCCs and investments that track them

Tankers and Gas Dry Bulk

IMO chief pledges to keep urging EU to drop shipping carbon levies

Dominguez shrugs off concerns that rising geopolitical tensions might derail shipping from its decarbonisation journey, believing the industry will deliver on emissions targets

Singapore Maritime Week Sustainability

General average declared in Baltimore bridge collapse

Singapore-based Grace Ocean has declared a general average, a source told Lloyd’s List on Friday. The move means shippers with cargo on board Dali will have to chip in for salvage costs

Insurance Casualty

Tanker tonne-miles at record levels in 2024, says IEA

Positive demand signals for tankers sees global oil demand trimmed by Paris-based energy agency to 103.2m barrels per day in 2024

Tankers and Gas Finance

Attica sells stake in Moroccan joint venture to Stena for €49m

Swedish group’s buyout of Greek partner in Morocco-Spain service follows a transfer of the majority stake in joint venture from Bank of Africa to transport affiliate CTM

Passenger Sale and Purchase

Seacon sells tanker to Union Maritime for $36m

Hong Kong-listed shipmanager said the vessel sale is in line with its strategy of portfolio optimisation

Tankers and Gas Sale and Purchase

Euronav-FourWorld saga not over as US fund files another claim

FourWorld Capital has hit Euronav with another legal complaint, this time asking a Belgian court to declare the October Frontline resolution and recent CMB.Tech acquisition null and void. Euronav says it ‘finds the claim to be without merit and intends to vigorously defend against it’

Tankers and Gas Finance

BW LPG pulls trigger on dual listing in New York

BW LPG has submitted a registration statement to US regulators for listing its shares on the New York Stock Exchange. Meanwhile, Hafnia, also under BW Group’s control, is scheduled to start trading on the NYSE this Tuesday, following the filing of its registration statement in late March and subsequent approval received last week

Tankers and Gas LPG

Economou accuses Genco of ‘purposeful evasion’ as he targets board chair for removal

Billionaire George Economou’s contentious return to the US capital markets continues. Ahead of Genco’s annual meeting, he is upping the ante, accusing the company of retaining excess cash and underperforming, while specifically targeting chairman James G Dolphin for replacement

Dry Bulk Finance
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