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Taiwan’s Franbo Lines is taking its fast-growing multipurpose newbuilding programme back to Japan, approving a $29m vessel that lifts its MPP expansion slate to 12 ships. The Taipei-listed owner has cleared a 16,500 dwt Singapore-flagged newbuild at an unidentified Japanese yard through newly established vessel-owning vehicle Franbo Jade. No delivery date has been disclosed. ...

Ukraine is seeking a halt to attacks on civilian shipping in the Black Sea even as its expanding maritime war against Russia stretches more than 1,000 km north to one of Moscow’s most important Baltic energy export hubs. Kyiv has proposed through a third party that Russia and Ukraine mutually suspend attacks on civilian targets …

Capesize owners counting on Simandou to transform dry bulk shipping may need to temper their expectations, with growing evidence that much of the new Guinea-China iron ore trade is developing into a tightly controlled conveyor belt dominated by very large ore carriers. Broker SSY noted in a new market report that VLOCs of more than …

Shipping has always made money from distance. Increasingly, it is also having to make peace with detours. The defining theme of the week was an industry being forced to find another way around war, drought and infrastructure that can no longer be relied upon. Sometimes the detour means sailing thousands of extra miles. Sometimes it …

Seven workers have been reported dead after a toxic gas leak at a ship recycling yard in Bangladesh. The accident occurred on Friday morning at Ferdous Steel Ship Recycling Industries in Bhatiyari, Sitakunda, a facility authorised under the IMO’s Hong Kong Convention on ship recycling. Local news agency UNB reported that two workers died at …