Archer limited secures contract worth USD 40 million in Brazil
Archer has been awarded a two-year contract for platform drilling services for Equinor in Brazil. The estimated firm contract value is USD 40 million. The contract will commence in November 2024 in...
View ArticleDorian declares irregular cash dividend of $1.00 per share
Dorian updated its financial and operational outlook for the quarter ended June 30, 2024 and announced that its Board of Directors has declared an irregular cash dividend of $1.00 per share of the...
View ArticleBaltic index falls as capesize rates decline
The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, fell on Thursday as rates for the larger capesize vessel segment dropped to a nearly two-month...
View ArticleIron ore drops further as strong supply, China steel sell-off weigh
Iron ore futures prices lost further ground on Thursday, weighed by strong global supply and top consumer China’s persistently weak steel market, although hints of heavier monetary stimulus helped...
View ArticleThPA S.A.: Wireless reefer monitoring system for the Port of Thessaloniki
ThPA S.A. is bolstering its reefer container handling capabilities by incorporating RTE’s GRASP automated reefer monitoring platform. This advanced system, coupled with WRAD II Bluetooth® wireless...
View ArticleIran releases oil from seized tanker ‘St Nikolas’
Iran has released the oil cargo of a Greek-owned, Marshall-Islands-flagged tanker it seized in the Gulf of Oman earlier this year, a shipping source told Reuters on Thursday. The vessel, M/T St....
View ArticleTop Ships announces time charter extensions at very strong rates and revenue...
TOP Ships, an international owner and operator of modern, fuel efficient “ECO” tanker vessels, announced that its 50% subsidiaries which own M/T Eco Yosemite Park and M/T Eco Joshua Park entered into...
View ArticleCastor Maritime announces the acquisition of its first Ultramax Vessel
Castor Maritime, a diversified global shipping company, announces that on July 16, 2024, it entered, through a separate wholly-owned subsidiary, into an agreement to acquire a 2015-built Ultramax dry...
View ArticleChina’s Iranian crude imports find new market in northeast
Imports of Iranian crude have been flowing into the port and refining city of Dalian since late last year, tanker tracking firms and trading sources said, helping sustain the country’s purchases of...
View ArticleVale on track to hit top end of iron ore guidance, after profits surge
Brazilian miner Vale is confident it will manage to meet the top end of its guidance for iron ore production in 2024, which stands between 310 million and 320 million metric tons, chief executive...
View ArticleCyan Renewables acquires MMA offshore
Cyan Renewables, Asia’s leading offshore wind services platform based in Singapore, announced its acquisition of Australian offshore marine services provider MMA Offshore for A$1.1B (US$702M)*. This...
View ArticleRoyal Caribbean lifts profit forecast, reinstates dividend as cruise demand...
Royal Caribbean Group opens new tab raised its annual profit forecast on Thursday and said it would reinstate its dividend, with the company coming a full circle from the pandemic as people flock to...
View ArticleTotalEnergies to build LNG bunker in China
CSSC Hudong Zhonghua Shipbuilding says that Total Energies has contracted one plus one 18,600 cu metres LNG bunkering vessels. It is the hundredth LNG carrier secured by Hudong Zhonghua Shipbuilding,...
View ArticleBaltic index extends losses for seventh straight day on weaker capesize rates
The Baltic Exchange’s dry bulk sea freight index, tracking rates for ships carrying dry bulk commodities, declined for a seventh consecutive session on Monday, weighed down by weaker rates for the...
View ArticleSaudi Arabia’s Bahri reports 15% jump in Q2 revenue on year on oil, chemicals
The National Shipping of Saudi Arabia, or Bahri, attributed a 15% year-on-year increase in revenue in the second quarter to better oil and chemicals shipping rates and larger chemicals, dry bulk and...
View ArticleDalian iron ore pares losses on better China data, stimulus hopes
Dalian iron ore futures prices pared earlier losses on Monday, buoyed by better-than-expected industrial data and hopes of stimulus measures from top consumer China this week, although adverse weather...
View ArticleRussian wheat export prices flat, analysts believe they have bottomed out
Russian wheat export prices were largely unchanged last week, and analysts say that prices have reached the bottom as farmers are reluctant to sell due to a sharp fall in profitability. The price of...
View ArticleHanwha Ocean spurs innovation for greener shipbuilding
As the maritime industry navigates towards a greener future, the demand for vessels meeting stringent carbon reduction regulations is increasing in line with the International Maritime Organization’s...
View ArticleSubsea Integration Alliance awarded EPCI contract offshore UK
Subsea7 announced the award of a sizeable contract by bp to Subsea Integration Alliance, for the Murlach development (formerly Skua field), 240 kilometres east of Aberdeen in the UK North Sea. The...
View ArticleShelf Drilling announces Baltic rig update
Shelf Drilling announces that the Baltic jack-up rig has completed its contract in West Africa, and the rig will shortly commence mobilization to Southeast Asia. The Company has entered into an...
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