Novatek Set To Dock Second LNG Unit At Sanctioned Arctic Plant
Russian gas producer Novatek PJSC seems to be pushing ahead with an expansion project at its Arctic LNG 2 plant despite Western energy sanctions. A small fleet of tug vessels towing a second...
View ArticleChina Merchants orders 10 tankers at DSIC
China Merchants Energy Shipping (CMES) officially announced a major step forward in its fleet expansion and sustainability efforts. Through its fully-owned subsidiary, Associated Maritime Co Ltd...
View ArticleBaltic index rises on firm capesize demand
The Baltic Exchange’s dry bulk sea freight index .BADI, tracking rates for ships carrying dry bulk commodities rose on Monday, buoyed by a jump in the capesize vessel segment. * The overall index...
View ArticleNYK Bulk & Projects to Time-Charter First Methanol-Fueled Bulker
On August 1, NYK Bulk & Projects Carriers Ltd., an NYK Group company, concluded a basic agreement with Kambara Kisen Co., Ltd. (Hiroshima Prefecture, Japan) for the time charter of a methanol...
View ArticleStrong second quarter performance for ZIM
ZIM reported Financial Results for the Second Quarter of 2024. Highlights Reported Revenues of $1.93 Billion, Net Income of $373 Million, Adjusted EBITDA of $766 Million and Adjusted EBIT of $488...
View ArticleOcean Yield net profit at USD 24.3 mln in Q2
Ocean Yield announced results for the second quarter and first half year 2024. HIGHLIGHTS EBITDA for Q2 2024 was USD 58.5 million and Adjusted EBITDA was USD 96.6 million. Net profit for Q2 2024 was...
View Articled’Amico exercises option for MR product tanker
d’Amico International Shipping S.A., an international marine transportation company operating in the product tanker market, announced that its operating subsidiary d’Amico Tankers D.A.C. (Ireland)...
View ArticleBritish International Investment commits up to $35 million alongside DP World...
British International Investment, the UK’s development finance institution and impact investor, has committed to invest up to $35 million towards the development of the first phase of a new container...
View ArticleBaltic index hits three-week high on gains in capesize segment
The Baltic Exchange’s dry bulk sea freight index .BADI, which tracks rates for ships carrying dry bulk commodities, touched its highest in three weeks on Tuesday as the capesize vessel segment gained....
View ArticleIntermodal Weekly Market Report [W33]
The reopening of Pipavav Shipyard by Reliance Industries, owned by the Ambani family, marks a pivotal moment in India’s quest to become a major player in the global shipbuilding industry…...
View ArticleBahri signs almost $1 billion deal for nine oil tankers
The National Shipping Company of Saudi Arabia (Bahri) 4030.SE has signed a purchase agreement to acquire nine Very Large Crude Carriers (VLCCs) from Capital Maritime and Trading Corporation for...
View ArticleDalian iron ore extends gains on strengthening steel prices
Dalian iron ore climbed on Tuesday, supported by a persistent rise in steel prices in top consumer China, although lingering doubts around demand prospects amid a lack of forceful stimulus capped...
View ArticleArgentina quarantines grains ship over suspected mpox case
Argentine authorities have quarantined a cargo ship in the Parana River over a suspected case of mpox onboard, the government said on Tuesday, as global public health authorities remain on alert for a...
View ArticleBHP’s quick strike fix sets tone for labor talks amid copper rally
Mining giant BHP’s quick fix to a recent six-day strikeat its huge Escondida copper mine in Chile could set the tone for upcoming negotiations elsewhere, with workers emboldened by high copper prices...
View ArticleBaltic index hits more than three-week high on higher capesize rates
The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, extended its gains to its highest level in more than three weeks on Wednesday, supported...
View ArticleHöegh LNG earnings down in Q2
Höegh LNG reported its interim financial results for the quarter and first half ended 30 June 2024. The group reported an EBITDA of USD 75 million for the second quarter of 2024, compared to USD 79...
View ArticleAwilco LNG reports strong quarterly & half year profit
The Awilco LNG Group (Awilco LNG ASA together with its subsidiaries) reported unaudited results for the three months ended June 30, 2024. HIGHLIGHTS •Awilco LNG achieved a net result of USD 8.7...
View ArticleMOL and Vale Retrofit Capesize Bulk Carrier with Rotor Sails
Mitsui O.S.K. Lines, Ltd. (MOL) and Vale International SA announced that a 200,000-ton class bulk carrier, currently employed under a mid–term contract for transportation of iron ore for Vale, has...
View ArticleOdfjell continues strong performance in Q2
Odfjell significantly improved both its operating result and bottom line in the second quarter of 2024. Highlights – 2Q24: Odfjell´s strong performance on safety continues with high operational...
View ArticleCelestyal offers free cruises to Olympic medallists
Celestyal – which has headquarters in Greece, the birthplace of the Olympic Games – has launched the special offer to celebrate Team Greece’s success across a range of sports. Greece achieved great...
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