India plans to set up a greenfield shipbuilding cluster and a ship repair facility in the western state of Gujarat, projects that would advance the country’s ambition to play a bigger role in the global shipbuilding sector, the shipping ministry said July 15. The...

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As armed clashes between the United States and Iran continue, scuttling end-of-war talks and prompting the United States to reimpose a counter-blockade of the Strait of Hormuz, global shipping companies are reportedly forgoing transits because they do not trust the...

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The Baltic Exchange’s dry bulk freight index, which monitors rates for ships carrying dry bulk commodities, was down for the second session on Thursday, dropping about 3% to its lowest since July 6 at 2,840 points, amid continued weakness in the larger segment. The...

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Tanker owners are eyeing the US Gulf Coast as renewed tensions at the Strait of Hormuz threaten to disrupt Persian Gulf crude flows, though tepid VLCC activity out of the region and stronger returns on Brazil-China routes are tempering any immediate surge in US export...

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TOP Ships Inc., an international owner and operator of modern, fuel efficient “ECO” tanker vessels, announced today that it has entered into an agreement with Rubico Inc to sell 100% of the issued and outstanding shares of one Marshall Island company (the “SPV”) which...

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