One year of Celestyal Journey
Celestyal Journey has notched up one year with Celestyal, travelling 66,100 nautical miles in its first year, mostly around the Greek Islands and Mediterranean, with 30 calls to Mykonos and Santorini,...
View ArticlePositive development across all lines of marine insurance business continued...
The International Union of Marine Insurance (IUMI) presented its analysis of the latest marine insurance market trends at its 150th annual conference in Berlin, Germany. The global marine insurance...
View ArticleTimes are changing for marine insurance, says IUMI President Frédéric Denèfle
Opening this week’s International Union of Marine Insurance (IUMI) annual conference in Berlin (Germany), President Frédéric Denèfle focused on how change was likely to impact on all lines of marine...
View ArticleBaltic index extends gain on panamax strength
The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, rose for a second straight session on Tuesday as gains in the panamax segment offset losses in...
View ArticleChina’s weak steel, strong iron ore imports shaped by prices
China’s steel and iron ore sectors are in an apparent state of disconnect, with steel output trending weaker but imports of the key raw material remaining firm. Production of crude steel slumped 6.1%...
View ArticleIntermodal Weekly Market Report [W37]
According to the latest USDA report, released on September 12th, the United States is forecasted to achieve a record soybean production of 124.90 million tonnes in the 2024/2025 marketing year, which...
View ArticleGolar: Final investment decision for MK II 3.5mtpa FLNG
Golar announced that it has signed an Engineering, Procurement and Construction agreement with CIMC Raffles for a MK II Floating LNG Production vessel with an annual liquefaction capacity of 3.5...
View ArticleHamburg enters agreement with COSCO
MAN PrimeServ Hamburg has signed an agreement with Hanyuan Technical Service Center GmbH, a subsidiary of COSCO SHIPPING Group, to provide one-stop support services for spare parts, materials,...
View ArticleWoodland Biofuels announces a $1.35 billion investment at the Port of South...
Woodland Biofuels announced a planned $1.35 billion investment at the Port of South Louisiana to establish the world’s largest carbon negative renewable natural gas plant / ultra-green hydrogen...
View ArticleClassNK issues AiP for large liquefied CO2 carriers
ClassNK has issued an Approval in Principle (AiP) for a design concept of large liquefied CO2 carriers of 50,000 m³ and 23,000 m³ jointly developed by Kawasaki Kisen Kaisha, Ltd., Mitsui O.S.K. Lines,...
View ArticleBaltic index falls as capesize hits three-week low
The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, fell on Wednesday as the capesize segment hit its lowest in three weeks. The overall index,...
View ArticleIron ore posts steepest daily fall in nearly two years
Iron ore futures prices posted their biggest daily fall in nearly two years on Wednesday, weighed down by prospects of stronger global supply and weakening Chinese steel demand. The most-traded...
View ArticleCelestyal unveils new ‘Iconic Arabia’ shore excursion programme
Celestyal has released details of the shore excursion programme for its new-for-2025 ‘Iconic Arabia’ itineraries. Following the recent announcement that both ships will operate the winter season in...
View ArticleHeraklion to host 8th Posidonia Sea Tourism Forum in May 2025, marking a...
Leading cruise industry event to address over-tourism and explore new mediterranean destinations, with global industry leaders set to convene in Crete. The city of Heraklion will host the 8th...
View ArticleCLIA: Statement regarding specific tourism management measures in Greece
The Cruise Lines International Association (CLIA) made a statement regarding specific tourism management measures in Greece. “We appreciate the Government’s desire to ensure a balanced and sustainable...
View ArticleIUMI looks to the future of marine insurance at its 150th anniversary...
As part of IUMI’s (International Union of Marine Insurance) 150th anniversary celebrations in Berlin (Germany) this week’s annual three-day conference included a workshop that majored on the future of...
View ArticleBaltic index rises as rates climb across vessel segments
The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, rose on Thursday as rates across vessel segments gained. The overall index, which factors in...
View ArticleIron ore climbs on China stimulus hopes, softer stockpiles
Prices of iron ore futures gained ground on Thursday, as prospects of fresh Chinese monetary stimulus and lower inventories overshadowed concerns of the top consumer’s weakening domestic demand. The...
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NYK and Oono Development sign MoU to commercialize ship recycling business
Nippon Yusen Kabushiki Kaisha and Oono Development have agreed to jointly study the commercialization of ship recycling, in which ships and large offshore structures are dismantled in Japan and...
View ArticleEtihad Credit Insurance signs financing deal to support Trafigura’s exports...
Etihad Credit Insurance, the UAE Federal export credit company, in collaboration with Abu Dhabi Exports Office, First Abu Dhabi Bank, and Natixis Corporate and Investment Banking, signed a joint...
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