Amid a potential takeover by Saltchuk Resources, OSG reported another strong quarter, with earnings growing 35% year on year. Chief executive Sam Norton said the high-rate environment for international tankers is supporting domestic transportation of fuels, boosting demand for Jones Act tankers

Diversified US-listed owner had $1.1bn of liquidity at end of quarter

The 12-year charter comprises rentals of up to $200m in line with the vessel transfer price and around $117.8m in interest

Mid-sized tanker specialist Teekay Tankers is primed to capitalise on the new TMX pipeline as emerging routes should boost demand for aframaxes. The company reported strong first-quarter earnings as it achieved near-record rates

Amid the proxy battle with Greek magnate George Economou, Genco reported strong earnings in the first quarter, propelled by positive performance from the capesize segment. Proxy advisory firm ISS sided with the New York-listed dry bulk company, arguing that Economou ‘failed to articulate a compelling case for change’, Genco said

Managing director Thomas Nordberg ‘quietly pleased’ with performance and looking to regain its A rating with Standard & Poor’s

International Seaways sailed to another strong quarter, handily beating analysts’ expectation. The company’s older MR tankers generated strong earnings and Seaways is in no rush to sell them, despite robust secondhand prices

The new incarnation of Euronav has reported its first quarterly results as a diversified shipowner focused on sustainable-fuel newbuildings. There was no earnings surprise, but shares are rising in the wake of its latest dividend plan

‘Market analysts are concerned at the substantial orderbook which is approaching 40% of fleet capacity on the water. Our view is we need this orderbook to grow the fleet up to 2030,’ said Wallenius Wilhelmsen chief executive Lasse Kristoffersen

Investors cite ‘attractive’ valuation for London tanker shop, as it bounces back from probe into historic tax payments and share buy-backs

A low demolition rate means the world’s container fleet has already grown significantly in 2024, on top of growth recorded in 2023

The dollar income must be paid to special-purpose vehicles’ accounts, subject to China’s foreign exchange regulation