China's COSCO Shipping Development has agreed to acquire 15 bulk carriers of 210,000 DWT under two separate shipbuilding contracts. The company stated that 10 of the vessels will be built by China State Shipbuilding Corporation subsidiaries Shanghai Waigaoqiao Shipbuilding and…
Capital Clean Energy Carriers reported net income of $29 million for the second quarter ended June 30, 2026, compared with $29.7 million in the corresponding period of 2025.
Singapore-based Uni-Asia Group announced that its joint venture, Emerald Bulkship, signed a conditional agreement to acquire the bulk carrier Uni Harmony from Quest Bulkship for $20.53 million.Emerald Bulkship is 55.6 per cent owned by Uni-Asia Group through Uni-Asia Shipping, with…
CMA CGM has published its financial results for the second quarter of 2026.CMA CGM said it achieved strong results driven by the group’s agility in a volatile environment marked by geopolitical tensions, particularly in the Middle East.The company reported strong…
Iran has reportedly directed Yemen's Houthi movement to prepare for a possible closure of the Bab el-Mandeb strait, the southern chokepoint into the Red Sea, should Washington act on threats to strike Iranian power infrastructure.
US commercial crude oil inventories rose last week even as tensions around the Strait of Hormuz continued to unsettle global oil flows, according to figures from the American Petroleum Institute (API).
