Washington State Ferries cancels sale of retired boats
The Elwha and Klahowya are back on the market. Recent developments have prompted Washington State Ferries to terminate purchase and sales agreements with Nelson Armas for the decommissioned vessels....
View ArticleUS LNG export dominance tested as Europe’s demand wilts
The United States has remained the largest exporter of liquefied natural gas (LNG) so far in 2024, but a steep drop in selling prices and a sharp swing in export volumes to key markets is likely...
View ArticleONE, HMM and Yang Ming confirm the alliance partnership
Ocean Network Express and Yang Ming Marine Transportation announced that the three companies will continue to cooperate closely under the new alliance name Premier Alliance, effective for five years...
View ArticleZIM announces new operational cooperation with MSC covering the strategic...
ZIM Integrated Shipping Services, a global container liner shipping company, announced that it has entered into a new long-term operational cooperation with Mediterranean Shipping Company (MSC) on the...
View ArticleNanjing Tanker orders new 18,000-ton chemical tanker
On September 9, 2024, Nanjing Tanker Corporation (a sister company of China Merchants Energy Shippin and subsidiary of China Merchants Group.) approved the construction of an 18,000dwt chemical tanker...
View ArticleBaltic index retreats as capesize rates dip
The Baltic Exchange’s main sea freight index retreated on Tuesday after hitting its highest in nearly two months in the previous session, pressured by a dip in the capesize vessel segment. The overall...
View ArticleIron ore ticks down on tepid Chinese demand outlook
Iron ore futures prices dipped on Tuesday, surrendering earlier gains, as the weakening Chinese demand outlookfor steel outweighed softer supply and expectations of further stimulus from the top...
View ArticleIntermodal Weekly Market Report [W36]
The past week closed with the Kamsarmax sector once again emerging as the most underperforming segment in terms of average time-charter equivalent (TCE) with the sector experiencing a further decline...
View ArticleLeonhardt & Blumberg: Newbuilding order for four MR Tankers at Guangzhou...
Leonhardt & Blumberg ordered four MR Tankers at Guangzhou Shipyard International Co. Ltd. The total order increased to four 49,500dwt Chemical/Product Oil Tankers. The initial two ships were...
View ArticleMaersk and Hapag-Lloyd announce two ocean network options with equal...
In February 2025, Maersk A/S, an entity under A.P. Moller – Maersk, and Hapag-Lloyd AG launch their operational collaboration Gemini Cooperation. The ambition is to deliver a flexible and...
View ArticleCastor Maritime announces vessel acquisition
Castor Maritime, a diversified global shipping company, announces that on September 6, 2024, it entered, through a separate wholly-owned subsidiary, into an agreement to acquire a 2009-built 1,850 TEU...
View ArticleHMM plans to invest KRW $17.4 Billion to sustainable growth
HMM maps out a mid-to-long-term strategy to expand its business portfolio for future growth and drive itself to be a global green shipping and logistics carrier. Under the sustainable growth plan, HMM...
View ArticleBaltic index gains as larger vessel rates rise
The Baltic Exchange’s main sea freight index racking rates for ships carrying dry bulk commodities rose on Wednesday, supported by gains in larger vessels. The overall index, which factors in rates...
View ArticleIron ore climbs on firmer exports, lower supply
Prices of iron ore futures rose on Wednesday as firmer exports and softer supply in China outweighed concerns over the top consumer’s faltering demand outlook and economic recovery. The most-traded...
View ArticleMaersk Tankers to launch new Chemical Pool
On October 1st, Maersk Tankers will launch our new pool – Maersk Tankers Chemicals. “Supported by existing Partners and drawing on our extensive experience and expertise with chemical vessels, the new...
View ArticleMarine fuels supplier Peninsula splits off shipping operations
Marine fuels supplier Peninsula has spun off its shipping operation into a separate entity named Hercules Tanker Management (HTM), a Peninsula press release said on Wednesday, seeking to expand in the...
View ArticleSeadrill eyes growth via acquisitions
Offshore drilling contractor Seadrill is looking to buy more assets or create a larger player by merging with peers, the company’s CEO said on Wednesday. Norwegian-born billionaire John Fredriksen...
View ArticleWeathernews and Lauritzen Bulkers sign new 3-year contract for enhanced...
Weathernews, a global leader in weather intelligence and maritime solutions, announced a new 3-year TFMS (Total Fleet Management Solutions) contract with Lauritzen Bulkers, a leading owner in the dry...
View ArticleTransocean announces $232 million ultra-deepwater drillship contract
Transocean announced a 365-day contract for the Deepwater Atlas with bp in the U.S. Gulf of Mexico. The contract also provides for a 365-day option. The program is expected to commence in the second...
View ArticleQatarEnergy inaugurates the “Rex Tillerson”
QatarEnergy inaugurated the first conventional-size LNG vessel under its historic shipbuilding program. The “Rex Tillerson” was named after the former Chairman and CEO of ExxonMobil as a tribute to...
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