Baltic index hits near four-week high as capesize rates jump
The Baltic Exchange’s dry bulk sea freight index .BADI, which tracks rates for ships carrying dry bulk commodities, rose to its highest in close to four weeks, propelled by gains in the capesize...
View ArticleDry freight container production surpasses earlier all time high
Drewry expects 2024 to be the second highest year on record for dry freight container manufacturing, driven by the all-time high quarterly production in 2Q24, followed by July’s output of dry freight...
View ArticleIron ore extends gains on fresh Chinese property support
Iron ore futures extended gains on Thursday, underpinned by fresh support to top consumer China’s property sector, along with rising margins among steelmakers. The most-traded January iron ore...
View ArticleScholz Vows to Keep Meyer Werft Shipyard Afloat
The German government is working on a deal to secure the future of Meyer Werft, a 229-year-old shipyard and one of the world’s largest cruise ship builders, Chancellor Olaf Scholz assured workers...
View ArticleFrench destroyer rescues 29 mariners from oil tanker stricken in Red Sea...
A French destroyer rescued 29 mariners from an oil tanker that came under repeated attack in the Red Sea by Yemen’s Houthi rebels, officials said Thursday, while also destroying a bomb-carrying drone...
View ArticleBelships posts higher net result in Q2
Belships reported second-quarter results in line with analysts’ expectations. HIGHLIGHTS EBITDA of USD 29.3m including USD 2.9m from operating business Net result of USD 18.9m Declared dividend of NOK...
View ArticleNavigator Gas orders up to four ethane-fuelled LPG carriers
Navigator Holdings Ltd. (described herein as “Navigator Gas” or the “Company”) (NYSE: NVGS), the owner and operator of the world’s largest fleet of handysize liquefied gas carriers, announces that...
View ArticleUkraine grain exports rise to 6.4 mln T so far in 2024/25, ministry says
Ukraine’s grain exports in the 2024/25 July-June season had reached almost 6.4 million metric tons as of Aug. 23, up from 3.8 million tons by the same date of the previous season, agriculture ministry...
View ArticleHafnia posts strongest first-half results in company’s history
Hafnia, a leading product tanker company with a diversified and modern fleet of over 130 vessels, announced results for the three and six months ended June 30, 2024. Highlights and Recent Activity...
View ArticleUS Treasury, State target LNG shipping firms among Russia sanctions
US officials Aug. 23 announced a slew of new sanctions to ratchet up pressure on Russia and entities aiding its war against Ukraine, including measures extending efforts to disrupt the Kremlin’s LNG...
View ArticleCelestyal announces updates to 2024/2025 season
Celestyal has announced the cancellation of its upcoming 14-night repositioning cruises, ‘Ancient Athens to Dazzling Doha’ and its counterpart sailing ‘Dazzling Doha to Ancient Athens’. The sailings...
View ArticleLandmark deal between Wärtsilä and Eidesvik Offshore pioneers growing demand...
Technology group Wärtsilä has signed a contract with Norwegian shipowner Eidesvik to supply the equipment for the conversion of an offshore platform supply vessel (PSV) to operate with ammonia fuel....
View ArticleBW LPG reports Q2 profit of $85m
BW LPG reported a Q2 2024 Net Profit After Tax (NPAT) of US$ 85 million, yielding an annualised return on equity of 21% with US$53 million free cash flow generated. The Q2 operating profit was US$ 89...
View ArticlePort of Gothenburg: Container volumes increase for 15th consecutive quarter
In 2023, more containers were handled at the Port of Gothenburg than ever before. As the first half of 2024 is summarized, the figures indicate that the port is currently on track for yet another...
View ArticleQatar strikes another 15-year LNG supply deal with Kuwait
Qatar agreed on Monday to supply Kuwait with 3 million tons per annum (mtpa) of liquefied natural gas (LNG) for 15 years, the second such deal since 2020 as Kuwait imports the fuel to help meet rising...
View ArticlePanama Canal Plans Reservoir Expansion to Combat Next Drought
The Panama Canal expects to be ready to combat a possible new drought, which could hit the world’s second-largest waterway within four years, by accommodating larger vessels, securing dedicated...
View ArticleØstensjø Rederi orders Ocean Energy Support Vessel at Astilleros Gondan
Østensjø Rederi has entered into a shipbuilding contract with the Spanish shipyard, Astilleros Gondan, for the construction of an Ocean Energy Support Vessel (OESV). The newbuild represents a major...
View ArticleShanghai copper touches 3-week high
Copper prices in Shanghai climbed to their highest in more than three weeks on Monday, supported by a rebound in demand in China and on hopes of a U.S. rate cut in September. The most-traded October...
View ArticleBaltic index down for second day on lower rates across vessels
The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, extended its fall for a second straight session on Tuesday as rates declined across all...
View ArticleContainership contracting spree now exceeds 10 million TEU
“When only six ships with a capacity of 4,746 TEU were contracted in the fourth quarter of 2023, many might have thought that the container ship contracting spree that began in 2021 had finally...
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