Star Bulk announces changes to its Board of Directors
Star Bulk Carriers, a global shipping company focusing on the transportation of dry bulk cargoes, announced the resignation of Mr. Sherman Lau, a Class B Director since May 2021. Ms. Milena Maria...
View ArticleEuronav flags U.S. Politics and China’s economy as risks to shipping momentum
Belgian oil tanker company Euronav expects global sea trade to increase this year, driven by the rerouting of Red Sea shipping, but said a change in the U.S. presidency and a slowdown in China’s...
View ArticleBaltic index snaps 4-day winning streak as vessel rates dip
The Baltic Exchange’s dry bulk sea freight index, tracking rates for ships carrying dry bulk commodities, snapped its four-day gaining streak on Thursday, as rates declined across all vessel segments....
View ArticleSingapore iron ore falls below $100/t on talks of China steel output curbs
Iron ore futures prices declined for a third straight session on Thursday, with the Singapore benchmark falling below the key psychological level of $100 a metric ton, weighed down by resumed talks of...
View ArticleInternational Seaways reports second quarter 2024 results
International Seaways, one of the largest tanker companies worldwide providing energy transportation services for crude oil and petroleum products, reported results for the second quarter 2024....
View ArticleNORDEN reports net profit of USD 46 million in Q2 2024 and continue to return...
For Q2 2024, NORDEN reports a profit of USD 46 million (approx. DKK 320 million) and USD 108 million (approx. DKK 755 million) for the first half-year of 2024. Return on invested capital (ROIC) was...
View ArticleOffshore intervention and P&A contract in Brazil awarded to Halliburton
Halliburton announced it has been awarded a contract by Petrobras to provide a full range of services in Brazil for integrated well interventions and plug and abandonment for offshore wells. This...
View ArticleCargotec’s half-year financial report: Sixth consecutive quarter with good...
Cargotec’s half-year financial report January–June 2024: Sixth consecutive quarter with good results, demerger completed Hiab’s strong profitability continued, comparable operating profit margin was...
View ArticleIcon Energy announces the acquisition of a Kamsarmax Dry Bulk Carrier
Icon Energy, an international shipping company that provides worldwide seaborne transportation services for dry bulk cargoes, announces that on August 2, 2024, it entered, through a separate...
View ArticleOil traders ignore dwindling stocks to focus on economy
Oil prices have retreated in recent weeks as traders look past the current depletion in global inventories to focus on the future threat posed by a possible slowdown in the major economies. Commercial...
View ArticleRail volumes on track for record year at Nordic container terminal
Supported by 8% Swedish container market growth in the first quarter of 2024, interest in rail is reaching new heights in the Nordics, and APM Terminals Gothenburg predicts a record year for railway...
View ArticlePSA acquires Polish intermodal operator Loconi International
PSA International (PSA), through its subsidiary PSA Baltics N.V., has signed an agreement to acquire an 85 per cent majority stake in Loconi International S.A. (Loconi), one of Poland’s leading...
View ArticleNavigator Gas and Attis Clean Energy invest in U.S. Gulf Coast clean ammonia...
Navigator Holdings, the owner and operator of the world’s largest fleet of handysize liquefied gas carriers, announced a co-investment alongside lead investor Attis Clean Energy (“Attis”) in the clean...
View ArticleAdani Group shares lose $9 billion after Hindenburg accusations against...
Adani Group companies shed as much as $19 billion in market value on Monday but recovered much of the losses after Hindenburg Research accused the head of India’s market regulator probing the group of...
View ArticleBaltic index down for third day on lower rates across vessels
The Baltic Exchange’s dry bulk sea freight index .BADI, tracking rates for ships carrying dry bulk commodities, slipped for a third straight session on Monday, weighed down by weaker rates across...
View ArticleIron ore slides as soft China demand heightens supply pressure
Prices of iron ore futures slid on Monday, dragged down by heightened supply pressure while steel demand in top consumer China has been weakened by soft construction activity. The most traded January...
View ArticleTotalEnergies Marine Fuels supplies its first B100 biofuel bunker in Singapore
TotalEnergies Marine Fuels supplied its first B100 biofuel bunker on 5 August in Singapore, marking a significant expansion in its low-carbon fuels offer as it supports the decarbonization goals of...
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ICTSI: Continued strong performance in H1
Throughput increased 1% to 6.31 million TEUs Revenues grew 13% to USD1.32 billion EBITDA expanded 19% to USD864.99 million Diluted EPS rose 36% to USD0.200 Enrique K. Razon Jr., ICTSI Chairman and...
View ArticleVTTI completes acquisition of 50% of Dragon LNG
VTTI, an industry leader in energy infrastructure, has completed the acquisition of 50% of Dragon LNG Group Limited. The other 50% of the terminal is owned by Shell. This follows the announcement of...
View ArticleTurkey’s Yilport to invest $1.6 billion in El Salvador ports
Turkish holding company Yilport will invest an estimated $1.62 billion to expand two ports in El Salvador and operate them jointly with the local port authority, the government of the Central American...
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