Joe Brady

Management also dishes on the LR1 newbuildings headed for profitable South American trade New York-based International Seaways has a bit of a “problem” with its ageing fleet of MR tankers.

Greek magnate has ‘failed to articulate a compelling case for change' in proxy fight

Fixtures in current quarter firm slightly to top the $20,000 per day mark

Product tanker giant sells 2015-built MR for $40.8m as company nears net-debt target

Share buybacks to take priority, but company is not done reducing operating costs

US bulker operator also expands port and logistics business with Florida investment

Magnate has now sold 52% of his peak holding at $7m profit ahead of key shareholder vote

Tanker owner is reporting slightly weaker fixtures into the current quarter

This week's Streetwise takes a look at the battle in the Big Apple with both protagonists set to win industry honours

Analyst understood to be headed to UBS Deutsche Bank is moving out of shipping coverage with the departure of veteran analyst Amit Mehrotra, who has been headlining research on the sector for a decade.