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265 new ships represent the real challenge facing the tanker industry

Too many vessels are eating into the recovery enjoyed by crude oil and product tanker carriers one year ago. Two new analyses outline the challenges, the greatest being the 265 new vessels delivered in 2016, and these problems could hit the industry in 2017 and 2018.

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SSY after Danish acquisition: "Hopefully 2+2=5"

Getting a foot in the door of Danish shipping was decisive for UK-based shipbroker Simpson Spence Young, which on Friday acquired Denmark's Bidsted & Co. "We're a good match," Chairman Mark Richardson tells ShippingWatch.

MSC to increase capacity of 11 vessels at Chinese yard

Container carrier MSC has signed a deal with a Chinese shipbuilder to increase the length of its 11 container ships, to boost their capacity to 17,000 teu. Competitor CMA CGM has also made a deal with the same yard, report several media.

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