Salvage team will also have to patch up damage caused by Houthi explosive charges

Increased shipments suggest biggest tankers are emerging from post-summer slump for fourth-quarter peak season surge

Share buybacks reward shareholders by reducing the amount of outstanding shares, but only make sense when the share price is below a company’s net asset value. The past couple of weeks saw a wave of publicly listed owners opt to buy back shares amid lower prices

Refinery maintenance season on the US Gulf Coast and ample diesel supply in Europe could keep freight rates on USG-Europe in check

LCO2 carrier demand is expected to grow in tandem with several CCS projects involving the transport of CO2 captured in Japan to storage sites overseas

Schuyler Line, which was recently acquired by institutional investors advised by JP Morgan, has secured a US government contract worth and initial $17.1m, with options running up to $71m if exercised

Elderly ship is one of 30 linked to Radiating World Shipping Services and Star Voyage Shipping Services, listed by the UK government last December. Seven of the 30 tankers have been directly sanctioned this year

Hafnia’s inability to ‘directly communicate’ with those behind the vessel Ceres I underscores the risks for vessels transiting through South China Sea. At present, as many as 40 elderly, anonymously owned and poorly regulated tankers are storing sanctioned oil in that area and appear to be manipulating vessel-tracking signals

Ro Marine said it is sending inspectors to each vessel to check logbooks and talk to crew after it was revealed the ships were formerly part of a fleet linked to transporting hundreds of millions of dollars of propane and butane, while engaged in deceptive shipping practices

Although the Pelagic fund has no target, ‘you need to be a billion [dollars] plus to be meaningful in this market,’ says Tobias Backer, former Fleetscape founder and the fund’s executive director

Despite a wide US-Asia propane price arbitrage, VLGC spot rates are sliding again, losing the momentum built through August. According to Jefferies shipping analyst Omar Nokta, falling naphtha prices in Asia are hurting spot activity in the Middle East as petrochemical plants switch to using naphtha as a feedstock

The US continued to target shipping operations related to terrorist financing Wednesday with designations that included two small LPG carriers, five companies, and three individuals

GCMD will use the knowledge gained from this pilot project to prepare for the next phase of its initiative to enable ammonia as a marine fuel as it seeks to expand the number of ports that provide ammonia bunkering

LNG carrier spot rates are down double digits month on month, to just a fraction of last year’s levels. Period charter rates are also down double digits year on year. The seasonal upswing is coming, but some believe it may be muted this winter

The Asia-Pacific region’s price sensitivity and the lack of required support and investment to grow mean its LNG bunker vessel fleet growth has lagged behind Europe

The number of firm shipbuilding contracts was relatively low in comparison to previous weeks but was high in value terms. Two shipowners ordered a total of eight LNG tankers valued at a combined $2.3bn.