SMM 2024: DNV awards Wallenius Wilhelmsen first B100 verification for biofuel...
At the SMM trade fair, DNV awarded shipping and logistics company Wallenius Wilhelmsen its first biofuel insetting verification statement – recognizing the company’s use of B100 in a recent voyage....
View ArticleFrontline announces Board changes
Frontline announces that Mr. Marios Demetriades has resigned as Director of the Company. The Board would like to thank Mr. Demetriades for his considerable contribution to the Company during his...
View ArticleOldendorff Carriers and the University of Strathclyde are setting up new...
Oldendorff Carriers and the University of Strathclyde are setting up a research centre for sustainable shipping at the university in the centre of Glasgow. A Memorandum of Understanding has been...
View ArticleBaltic index edges up on higher capezise rates
The Baltic Exchange’s dry bulk sea freight index tracking rates for ships carrying dry bulk commodities edged up on Thursday supported by stronger rates for capesize vessels. The overall index, which...
View ArticleDalian iron ore tumbles to one-year low on China demand worries
Dalian iron ore futures fell for the fifth straight session on Thursday to hit their lowest in more than a year, as a batch of weak Chinese economic data darkened prospects of demand from the world’s...
View ArticleDorian’s drive toward sustainability – Improving efficiency and lowering...
Dorian, a leading owner and operator of 25 modern fuel efficient Very Large Gas Carriers (VLGCs), announced that it is positioning itself as a leader in the maritime industry’s shift toward greener...
View ArticleBW LNG announces 10-year charter with NEPCO
BW LNG announced the signing of a 10-year charter with the National Electric Power Company (NEPCO), Hashemite Kingdom of Jordan, to deploy a Floating Storage Unit (FSU) for national energy needs. In...
View ArticleAlgoma Central Corporation announces retirement of CFO and appointment of new...
Algoma Central Corporation announced that after 14 years of dedicated service as Chief Financial Officer with Algoma, Peter Winkley will be retiring, effective December 31, 2024. Peter has served as...
View ArticleOPEC+ agrees to delay October oil output hike for two months, sources say
OPEC+ has agreed to delay a planned oil output increase for October and November after crude prices hit their lowest in nine months, three sources from the producers’ group told Reuters on Thursday....
View ArticleLoad Line acquires handymax bulker
Load Line Marine has confirmed the purchase of a handysize bulk carrier from Dong-A Tanker, at a price reportedly thought to be around USD 12.3 – 12.4 million. Load Line said that the 34,000 dwt DL...
View ArticleExmar posts first half results
The Board of Directors of EXMAR has approved the interim accounts for the period ending June 30, 2024. The interim condensed consolidated financial statements have not been subjected to an audit or a...
View ArticleAvikus and DNV partner for worlds’ first autonomous type approval
Avikus, a leading innovator in autonomous navigation technology, and DNV, the world’s leading classification society, have officially announced their collaboration on the development and approval of...
View ArticleGoldman Sachs expects OPEC+ production increases to start in December
Goldman Sachs adjusted its expectations for OPEC+ oil production saying it now expects three months of production increases starting from December instead of October, the bank said in a note on...
View ArticleGreece to take action against cruise ship tourism and short-term leasing
Greek Prime Minister Kyriakos Mitsotakis announced measures aimed at addressing the negative impact of overtourism as visitors continue to arrive in record numbers in the post-pandemic era. The...
View ArticleCruise industry annual environmental technologies and practices data shows...
Cruise Lines International Association (CLIA), the leading voice of the global cruise industry, today released its annual Global Cruise Industry Environmental Technologies and Practices Report,...
View ArticleCypriot shipping “pioneer” Charalambos Mylonas dies
Charalambos Mylonas, described by the shipping deputy ministry as a “pioneer” of Cypriot shipping, died on Saturday. Announcing his death, the shipping deputy ministry said he “contributed to the most...
View ArticleBaltic index hits near two-month peak on higher capesize rates
The Baltic Exchange’s main sea freight index extended gains on Monday to touch its highest in close to two months, buoyed by higher rates for the capesize vessels. The overall index, which factors in...
View ArticleIron ore snaps six-day losing streak on hopes of China stimulus
Iron ore futures prices rose on Monday after six days of losses, as hopes of fresh stimulus from top consumer China following a batch of tepid economic data lifted market sentiment. The most-traded...
View ArticleEuronav Shareholders in line for a US$46 million payout following court...
On Friday, the Brussels Market Court in Belgium ruled that Compagnie Maritime Belge (CMB) wrongly calculated the offer price of shares during its mandatory takeover of Euronav NV in February this...
View ArticleQatarEnergy to build 6 new QC-Max LNG vessels at China’s Hudong-Zhonghua...
QatarEnergy has signed an agreement today with China State Shipbuilding Corporation (CSSC) for the construction of 6 additional state-of-the-art QC-Max vessels, bringing the total number of LNG...
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