Hempel A/S closes a new strategic partnership deal with CVC
In May, Hempel A/S announced CVC Funds as minority investor. The transaction has now been completed, following regulatory approval. As part of this, Hempel A/S announces the appointment of Christoffer...
View ArticleSalvage of stricken oil tanker in Red Sea expected soon, sources say
A salvage operation to recover a Greek-registered oil tanker stranded ablaze in the Red Sea after an attack by Houthi militants is expected to start in the coming days, two sources with knowledge of...
View ArticleCOSCO SHIPPING builds twelve 14,000 TEU dual-fuel methanol container vessels
On 29th August 2024, COSCO SHIPPING Heavy Industry and COSCO SHIPPING Container Lines signed a contract in Shanghai for the construction of twelve 14,000 TEU container ships with dual-fuel methanol...
View ArticleBaltic index logs best day in 18 months on capesize strength
The Baltic Exchange’s dry bulk sea freight index jumped by more than 10% on Monday to register its best day in 18 months, propelled by gains in the capesize vessel segment. The overall index, which...
View ArticleDalian iron ore posts largest daily loss in nearly two years
Dalian ore futures prices tumbled to log their steepest daily fall in almost two years on Monday, weighed down by a batch of dismal economic data from top consumer China. The most-traded January iron...
View ArticlePrevention at Sea and DYNAMARINe announce strategic partnership to foster...
Prevention at Sea and DYNAMARINe, two leading companies in the maritime industry, are proud to announce a new strategic co-operation through an MOU signed recently, that aims to advance sustainable...
View ArticleSamskip advances zero-emission shipping, partnering with TECO 2030
Samskip announced its partnership in the groundbreaking HyEkoTank project, an initiative supported by the European Union’s Horizon Europe program. As part of its ongoing efforts to reach net zero...
View ArticleInmarsat’s NexusWave trialed by Hapag-Lloyd for enhanced maritime connectivity
Inmarsat Maritime, a Viasat company, has announced that global container liner shipping group Hapag-Lloyd is among the first to trial NexusWave, the fully managed service which delivers an...
View ArticleDP World enters retail and fashion logistics
DP World has completed the acquisition of Cargo Services Far East Ltd – a global supply chain provider headquartered in Hong Kong. Cargo Services is a market leader in origin services – moving goods...
View ArticleBaltic index extends gains on strong capesize demand
The Baltic Exchange’s dry bulk sea freight index tracking rates for ships carrying dry bulk commodities extended gains on Tuesday, led by a jump in the capesize vessel segment. The overall index,...
View ArticleDalian iron ore posts steepest drop in nearly two years
Dalian iron ore futures logged their sharpest daily drop in almost two years on Tuesday, as bleak economic data from top consumer China clouded the demand outlook, while firm global supply also...
View ArticleIntermodal Weekly Market Report [W35]
Libya’s oil production, crucial to both its economy and global energy markets, was severely disrupted last week. The country’s pro[1]duction has fallen by around 70% due to a crisis over control of...
View ArticleSaipem awarded two offshore contracts in Saudi Arabia worth approximately 1...
Saipem has been awarded two offshore contracts in Saudi Arabia under its existing Long-Term Agreement with Saudi Aramco. The overall value of the two contracts is approximately 1 billion USD. Saipem’s...
View ArticleSearch on for containers lost overboard off South Africa’s Indian Ocean: SAMSA
A search for cargo containers lost overboard off a number of vessels along South Africa’s Indian Ocean corridor over the last month continues, while two of the vessels most recently affected – the MV...
View ArticleHelix announces long-term deal with Shell in Gulf of Mexico
Helix Energy Solutions Group announced a new multi-year contract with Shell Offshore, starting in 2025, to continue providing well intervention services in the U.S. Gulf of Mexico. Under the contract,...
View ArticleOPEC August output falls to lowest since January on Libya, survey finds
OPEC oil output fell in August to its lowest since January, a Reuters survey found on Monday, as unrest that disrupted Libyan supply added to the impact of ongoing voluntary supply cuts by other...
View ArticleBaltic index retreats on lower rates across vessels
The Baltic Exchange’s dry bulk sea freight index tracking rates for ships carrying dry bulk commodities retreated on Wednesday on dips in rates across all vessels. The overall index, which factors in...
View ArticleDalian iron ore closes at lowest in more than a year on weak Chinese steel...
Prices of Dalian iron ore futures fell for the fourth consecutive sessionon Wednesday to close at their lowest in more than a year, as a slew of weak Chinese economic data weighed on sentiment in the...
View ArticleSingapore permits night movement of containers at Pasir Panjang Terminal
Singapore will allow for night movement of line-towed container barges to and from Pasir Panjang Terminal, following a four-month trial, the Maritime and Port Authority of Singapore (MPA) said in a...
View ArticleUS East Coast Ports Union meets over wage demand, preps for possible strike
The International Longshoremen’s Association union, representing 45,000 workers at major container ports from Texas to Maine, will begin two days of meetings on Wednesday to review wage demands and...
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