The 2000-built very large crude carrier Amor has been purchased by Indian ship recyclers at Alang for a reported $440 per light displacement tonne

Greek shipmanager Rose Shipping says it only acted as a third-party technical management firm for the three tankers that were blocked on Thursday, while Ofac identified it as having an interest in two of them. The company also says it has ‘recently’ ended the ‘contractual relations’ with the two vessels’ owners

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If Baltic states move from requesting insurance details from dark fleet ships to physically stopping ships from transiting, Russian naval escorts for dark fleet tankers will be the likely consequence

Responses invited in coming weeks

With most top tier shipyards having a four year or more backlog of work, further capacity is being introduced to meet demand for new ships to replace the ageing fleet. However, the sector is suffering a labour shortage due to a lack of young people joining the industry. Furthermore, an increase in shipbuilding contract disputes could arise from more newbuildings being ordered from inexperienced, resurrected shipyards

Michelle Wiese Bockmann speaks to Hafnia to learn more about its pioneering maritime culture lab and returns to the pub where Wista began to ask two of its founders how far things have moved on since they began the association

Two chemical tankers, a 29-year-old aframax tanker and another MSC boxship are set to hit recycling beaches

The Bangladeshi committee that investigated the origins of cargoes on board VLGCs Gaz GMS and Captain Nikolas wrongly determined they came from the UAE and Oman, an analysis shows

Deal is being funded with $150m in loans and share proceeds from Castor spin-off Toro Corp

Analysis of vessel tracking and cargo data shows how the waters terrorised by the Houthis have largely been avoided by LPG carriers since they began their campaign against shipping, unless the consignments were destined to the Houthis themselves

While fourth-quarter softness is expected to extend into 2025, VLGCs should benefit from more US Gulf cargoes in the second half of next year. However, repercussions from potential Trump tariffs on China remain a key unknown

President-elect Donald Trump appears to be under the false impression the US can claw back the Panama Canal decades after giving it away. He bemoaned ‘exorbitant’ transit fees and alleged that China is involved in the canal’s management

MSC Cruises has pulled ads calling its fossil LNG a “cleaner fuel” after a complaint from campaign group Opportunity Green to the UK’s advertising watchdog

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The counter-seasonal plunge in LNG shipping rates does not appear to be a transitory setback. It looks more like the onset of an extended downturn. Scrapping of a large number of older steam-turbine carriers would help, but what’s needed is for more liquefaction projects to come onstream