The segments of the shipping industry that were either forced to reroute or freely chose to are not relying on naval escorts or diplomatic negotiations to decide on whether they will return, but are waiting for a signal from the Houthis themselves

List includes all International Group affiliates and best-known fixed premium outfits

Construction of the new yard was completed in just five months, highlighting the Chinese builder’s aggressiveness in capacity expansion. However, the ambitious project faces challenges

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The segments of the shipping industry that were either forced to reroute or freely chose to are not relying on naval escorts or diplomatic negotiations to decide on whether they will return, but are waiting for a signal from the Houthis themselves

Middle East Gulf-China forward freight agreements for VLCCs declined by 6% on Thursday, and tanker stock investors are becoming less confident in future upside from US sanctions

UK shipowner James Fisher and Sons has ordered four ‘state-of-the-art’ dual-fuel tankers for an undisclosed price at China Merchants Jinling Shipyard

What happens next depends on politics

Amid reports that Chinese buyers are hesitant of running afoul of US sanctions, a VLGC likely carrying Iran-origin LPG to China made an unusual U-turn after spending two weeks at anchor in December

Construction of the new yard was completed in just five months, highlighting the Chinese builder’s aggressiveness in capacity expansion. However, the ambitious project faces challenges

Trafigura and ammonia maker CF Industries said they can lower costs and reduce emissions by co-loading ammonia and LPG on the same vessel

For an investment of around $5m, an opportunist Canadian hedge fund has laid siege to a fleet worth hundreds of millions

DNV global decarbonisation director Jason Stefanatos said LNG provides compliance with policies such as FuelEU today, rather than relying on supply of ammonia and methanol, which is seemingly always around the corner

A total of 515 alternatively fuelled vessels were ordered in 2024, which represents a 38% year-on-year increase on 2023’s orders 

Middle Eastern sellers will offer strong competition with the US, where new tariffs on China could mean unintended consequences, energy consultancy Wood Mackenzie says

Hengli Heavy Industry has sacked deputy general manager Zhang Tao, who was recruited from competitor Yangzijiang Shipbuilding with a high salary. The move comes at a critical time, as the privately owned builder seeks to go public and aggressively expand its production capacity