Money keeps leaking from the company, which on the other hand reports that its portfolio of opportunities and projects has grown and matured.

The product tanker market is currently walking on a tight rope and hopes for a cold winter during which shortages of gas and coal could generate intense demand for refined oil products. But the sector is also looking towards 2030, which could prove a significant game changer.

Golden Ocean's CEO sees the extraordinady upturn in the dry bulk segment continue into 2024. This would be the longest recovery the market has experienced in decades. ShippingWatch has interviewed Ulrik Andersen.

Despite a comprehensive newbuild program, shipowner Seaspan has no orders for ships that can be powered by fuels other than fossil fuels or LNG. However, the company's COO expects to implement two alternative fuels.

European Shippers Council has appointed a new president to replace Denis Choumert, who has held the position for the past decade.