International Shipping News Archive

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Owners of oil tankers seized by US deny they were destined for Venezuela

The owners of four oil tankers confiscated by the US last month have filed a lawsuit against the seizure, claiming that their cargo was not travelling to Venezuela, a state sanctioned by the US. Washington seized more than 1.2 million barrels

Joint R&D Starts for Practical Application of Ammonia-fueled Tugboat

On August 18, NYK, IHI Power Systems Co., Ltd., and Nippon Kaiji Kyokai (ClassNK) signed a joint research and development agreement to put the world’s first ammonia-fueled tugboat into practical use. Background With the entry into force of the Paris Agreement

Billionaire Fredriksen picks investment chief, invites outside capital

Seatankers, the powerful holding company of Norwegian-born billionaire John Fredriksen, said on Thursday it had hired a veteran fund manager to broaden the group’s portfolio and bring in outside capital in a new unit. Vegard Soeraunet, until recently an investment director