McDermott selected by Shell for enterprise framework agreement
McDermott has been selected by Shell Global Solutions International B.V. for an Enterprise Framework Agreement for engineering and procurement services and integrated project management team services....
View ArticleHMM takes delivery of its first methanol-powered containership
HMM takes delivery of ‘HMM GREEN’, a 9,000 TEU methanol-powered containership. This vessel is the first of nine sister ships ordered in February 2023 from HD Hyundai Samho Heavy Industries and HJ...
View ArticleGlobal Shipping Insurance may shift if Russia sanctions end, Bimco says
The global shipping industry should be open to working with a new group of insurers that emerged to support Russia’s so-called shadow fleet, provided they follow best practice, according to a leading...
View ArticleThe Swedish Club reports strong 2024 results, bolstered by member loyalty and...
The Swedish Club has delivered strong results for 2024, posting a USD 34 million profit and significantly increasing free reserves to USD 217 million, up from 184 a year earlier. Robust investment...
View ArticleCelestyal unveils new itineraries and maiden calls for 2025/26 winter sun season
● Four new 14-night repositioning cruises for 2025/26 Arabian Gulf season ● Maiden calls to four new ports and two countries ● The line will return to Egypt for the first time in two years ● Bookings...
View ArticleBaltic index down for third straight session on lower capesize rates
The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, fell for a third consecutive session on Thursday, hurt by weaker rates in the capesize...
View ArticleTEN Reports Profits for the 12 Months and Fourth Quarter Ended December 31, 2024
TEN, Ltd (TEN) reported results (unaudited) for the twelve months and fourth quarter ended December 31, 2024. TWELVE MONTHS 2024 SUMMARY RESULTS TEN generated $804.1 million in gross revenues and...
View ArticlePlanned US Auto Tariffs Shake Global Industry as Price Hikes, Job Losses Loom
The United States’ announcement of a 25% tariff on auto imports rippled throughout the world on Thursday, as global vehicle suppliers warned of immediate price hikes and dealers raised fears of job...
View ArticleTrump tariffs to affect Greek-owned shipping
“US President Donald Trump’s tariffs affect everyone. And they are taxes on profits. This means that the ones who will pay are the consumers,” the president of the Hellenic Chamber of Commerce and...
View ArticleCar-carrying ships send added cargo to US ahead of looming tariffs
Car-carrying ships have sent more cargo from Europe and China, Japan and Korea to the United States in the first months of the year than last year, shipping data showed, in a sign of companies...
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