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The Global Shipping News Source - Liner Feed

1. US sanctions aggression pushes companies to widen compliance scope

   As more sanctions loom, owners and others need to be aware of their entire supply chain, attorney says

2. Shipping mourns loss of veteran Heidmar and Penfield finance chief Charles Tammara

   Finance man’s long career spanned stints at Penfield Marine, Heidmar, B + H Group and OMI Corp

3. UK blacklists Iranian naval force behind Strait of Hormuz container ship seizure

   Joint US-UK moves target military and drone industries in response to missile attack on Israel

4. Pacific Basin Shipping kickstarts $40m share buyback scheme

   Owner-operator’s freight earnings during the first quarter were weaker than last year

5. Euroseas cashes in on rising container ship values with chunky profit on feeder sale

   Aristides Pittas-led boxship owner nets $5.5m profit from sale of 2,788-teu vessel

6. Norden exodus extends with further resignations at Danish heavyweight

   There have been further departures at the Danish owner-operator after March walkout

7. Vietnamese buyer dives in to buy Stena Bulk LNG steamship

   Strong price rumoured paid as Swedish owner clears out last remaining LNG carrier

8. Suspected spy ship reappears in Iran after months stalking Gulf of Aden

   MPP vessel was said to be feeding information to Houthis on which ships to attack

9. Why Hapag-Lloyd boss Rolf Habben Jansen embraces the looming tsunami of new container ships

   The doomsayers are wrong and carriers might be glad of the next wave of newbuildings

10. ‘Russia doesn’t care’ about shadow fleet oil spill risk, says Sweden’s foreign minister

    Tobias Billstrom calls for restrictions on the Russian shadow fleet — but previous calls for action have come to little

11. Shipowners’ Club reports profit despite significant tanker oil spill

    Improved investments and increased tonnage underpin P&I club’s strong showing

12. George Logothetis-led Libra’s space spin-off buys ground station

    Libra Group’s SLI aims for further lift-off with Swedish deal

13. Crew from ‘dark’ PSV go on trial in Spain accused of drug-smuggling

    A total of 28 people stand accused of trafficking 3.8 tonnes of cocaine on the Karar in 2020

14. Shipowner George Procopiou taps VLCC resale market for first time in almost a decade

    Greek shipowner takes over pair of VLCC newbuildings in China

15. LNG shipping action tips upwards as charterers eye multi-month action

    But first-quarter figures show ‘sluggish’ vessel demand and flood of open spot tonnage