Iran launches ‘Persian Gulf Strait Authority’ to collect vessel tolls
New mechanism aims to govern transits through Strait of Hormuz
Bulkers
Norden profit falls as Iran war drags down bulker business
Near-term outlook remains highly uncertain, CEO says
Bulker auction bonanza ahead as CDB Financial Leasing offloads four ultramaxes
But the leasing house wants potential suitors to buy the ships in pairs
Cargill steps back in as Sea Cargo Charter names new chair
Charter provides a voluntary global framework for making greener chartering decisions
‘Decade of disruption’ transforms shipping’s tonne-mile picture, Clarksons says
Research shows growth in distance travelled comfortably beating volume expansion since 2020
Genco Shipping board to ‘review’ Diana tender it calls same as ‘prior inadequate proposal’
New development sees Diana ally Star Bulk Carriers actively engage against Genco in proxy battle
Diana takes Genco battle directly to shareholders with tender offer for stock
Greek suitor maintains the level of its all-cash, buyout proposal at $23.5 for each Genco share
Charterer Louis Dreyfus boosts liquidity with €3.5bn notes programme
First €500m tranche sold under guidance from law firm Norton Rose Fulbright
Pan Ocean completes 10-ship VLCC buy from SK Shipping, with deal still to be priced
First-quarter results buoyed by strong returns on LNG and grain businesses
Mercuria seals deal to ship out $2.2bn per year of Venezuelan gold and bulk cargoes
Swiss trader and shipowner teams up with Heeney Capital for agreement with US backing