Excelerate Energy buys reliquefaction System from Wärtsilä
Excelerate Energy will purchase a reliquefaction system from Wärtsilä Gas Solutions, part of technology group Wärtsilä. The Woodlands, Texas, natural gas company said on Thursday that the system will...
View ArticleHafnia redomiciles from Bermuda to Singapore
Reference is made to the stock exchange announcement made by Hafnia Limited on 12 September 2024 regarding the subsequent court hearing at which the Company was to petition the Supreme Court of...
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MOL invests in HIF Global, a U.S.-based company of e-Fuels
Mitsui O.S.K. Lines announced that, through its wholly-owned subsidiary MOL Clean Energy, US. LLC, it decided to invest in HIF Global, a company developing and operating e-Fuels projects globally. HIF...
View ArticleChina soybean imports from US gain pace in August
China’s soybean imports from the United States rose 70% in August from a year earlier, customsdata showed on Friday, as buyers took advantage of low soybean prices. Shipments from the U.S., its...
View ArticleFlorida legislators present JAXPORT with $23 million for container crane...
Florida Legislators presented JAXPORT with a $23 million check for crane upgrades during today’s monthly Board of Directors meeting. The funding will be used to purchase a new container crane for the...
View ArticleSpliethoff Group acquires majority interest in ForestWave
Spliethoff Group and ForestWave announced that ForestWave will join the Spliethoff Group as its seventh business unit per September 30th. With this expansion, the number of vessels commercially...
View ArticleGRSE secures international order worth USD 108 million
GRSE has secured an additional order for four multi-purpose vessels from Carsten Rehder Schiffsmakler and Reederei GmbH & Co., KG Germany. This follows an initial contract signed in June 2024 for...
View ArticleBaltic index hit over two-month peak on higher rates across vessels
The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, rose to its highest in over two months as rates across all vessel segments gained on Monday....
View ArticleIron ore hits over 1-year low on soft China demand prospects, firmer supply
Iron ore futures fell on Monday to their lowest in more than a year, as investors weighed prospects of soft China demand amid an uneven economic recovery and stronger supply against fresh monetary...
View ArticlePangaea and M.T. Maritime Management announce a $194m all-stock deal
Pangaea Logistics Solutions, a global provider of comprehensive maritime logistics solutions, and M.T. Maritime Management, managers of a diversified fleet of tankers and dry bulk vessels, today...
View ArticleDelta Corp enters merger and share exchange agreement with Kaival Brands
Kaival Brands Innovations Group, the exclusive U.S. distributor of the Bidi® Stick and certain other products manufactured by Bidi Vapor, LLC, and Delta Corp Holdings Limited, a privately held...
View ArticleCMA CGM to acquire a c.48% stake in Santos Brasil
Santos Brasil is the leading terminal operator in Brazil with 8 strategic assets in container, liquid, and vehicle handling and logistics services across the country. Its flagship asset is the...
View ArticleN-O-S orders of new hybrid E-Class vessels
Northern Offshore Services (N-O-S) announces the order of new E-Class vessels, marking a significant expansion of the fleet. The order continues the successful new-build journey already started,...
View ArticleBaltic index hits more than two-month high on stronger vessel rates
The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, hit a more than two-month high on Tuesday on stronger rates across all vessels. The overall...
View ArticleIron ore posts steepest daily rise in over 1 year on fresh China stimulus
Prices of iron ore futures surged on Tuesday to log their largest intraday gain in more than a year, as a wave of fresh monetary stimulus from China and restocking ahead of the top consumer’s national...
View ArticleMaersk shares jump as US Port strike looms, boosting rates
AP Moller-Maersk A/S shares jumped as much as 4.9%, extending recent gains on expectations that labor talks with US port workers will fail and spark a new round of supply-line disruptions that would...
View ArticleTrafigura appoints Richard Holtum as new CEO
Trafigura Group announced that Richard Holtum will become Chief Executive Officer (CEO) of Trafigura, effective 1 January 2025 and will join the Trafigura Board of Directors from 1 October 2024....
View ArticleIntermodal Weekly Market Report [W38]
India’s crude oil import landscape has been undergoing notable shifts, particularly with the recent 18% decline in Russian oil imports during August 2024. Intermodal-Report-Week-38-2024The post...
View ArticleWallenius Wilhelmsen upsizing 4 of the vessels on order to largest in the world
Wallenius Wilhelmsen has announced that four of the twelve Shaper Class vessels currently on order with Jinling Shipyard (Jiangsu) will be increased in size from 9,300 to approximately 11,700 CEUs....
View ArticleBaltic index hits nearly three-month high on higher capesize rates
The Baltic Exchange’s main sea freight index extended gains on Wednesday hitting its highest in nearly three months, buoyed by higher rates for the capesize vessels.The overall index, which factors in...
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