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DryShips surges after loan

DryShips saw its share price rise sharply Monday after the New York-listed shipowner announced a loan from spin-off Ocean Rig.

News - 3 hours old

Cautious on condensates

Significant US exports of condensates will not hit the water soon to bolster long-haul tanker demand, Poten & Partners says.

News - 3 hours old

Shipping’s cyber burden

Governments are sounding the alarm on cyberattacks but the onus falls on the shipping industry to take steps to prevent them, lawyers at US firm Blank Rome say.

News - 4 hours old

ECA to hit arbitrage

US shipbrokerage Charles Weber says the fuel premiums associated with looming sulphur limitations next year will hurt charterers’ arbitrage opportunities on smaller tanker trades more so than routes for larger vessels.

News - 5 hours old

Maersk makes history

Huge containership becomes the largest vessel ever to enter the Thames only 30 miles from central London.

News - 5 hours old

Capes climbing

Capesize rates picked up again today to continue a turnaround started in the Pacific last week.

News - 5 hours old

Drillship deals stretched

DryShips-owned Ocean Rig (ORIG) has extended two drillship charters in a deal worth $1.1bn.

News - 6 hours old

Maersk scraps AHTS

Maersk Supply Services has followed up a rush of newbuilding activity with the disposal of one of its anchor handlers for demolition.

News - 6 hours old

RCCL faces fine

Royal Caribbean Cruises could face a heavy fine after Dutch authorities suspect a breach of the Dutch Foreign Employment Act.

News - 6 hours old

Navico buys MARIS

Marine electronics company Navico Holdings has acquired Maritime Information Systems (MARIS) from the Grieg group.

News - 6 hours old