Höegh Autoliners announced it has exercised its option to purchase Höegh St. Petersburg for $29,300,000, well below the $70 million average market value estimated by three different brokers for the end of Q3.“Höegh Autoliners is again demonstrating…

SAAM shareholders at an extraordinary shareholder’s meeting on Tuesday approved a deal valued at about $1 billion to sell 100% of the shares of its subsidiaries SAAM Ports and SAAM Logistics, as well as the real estate assets belonging to the logistics business…

Prospects for the crude oil tanker market are expected to stay strong for at least the next year helped by low ship ordering, despite the loss of some trade from Russia due to Western sanctions, leading ship operators say.Russia has increased exports to Asia…

The Shipowners’ Club, a P&I insurer in the smaller and specialist vessel sector, announced Simon Peacock will take over as CEO in 2023.Current CEO Simon Swallow will be stepping down on May 25, 2023 before starting his retirement on August 3, 2023.