Iron ore jumps to over three-week high on China stimulus, soft global supply
Prices of iron ore futures surged on Wednesday to their highest levels in more than three weeks, as a fresh batch of monetary easing policies from top consumer China boosted market sentiment, while...
View ArticleCLdN places order for 10 newbuild container carriers
CLdN confirmed the placement of an order for 10 newbuild load-on / load-off (LoLo) container vessels with delivery as from January 2027. The large order is a decisive step by CLdN in branching out...
View ArticleCelestyal announces support of two local charity events
As part of Celestyal’s ongoing commitment to the local communities of the ports and destinations in which they homeport and visit, the cruise line has announced its support of two charitable events...
View ArticleLomar: CB Tankers brand for product and chemical tanker fleet
Lomar announces the rebranding of its product and chemical tanker business to ‘CB Tankers’, replacing the ‘Carl Büttner’ name. This development follows Lomar’s acquisition of the Bremen-based Carl...
View ArticleMSC Group establishes a new container terminal at Port of Aarhus
Port of Aarhus has just signed an agreement with the global container shipping company Mediterranean Shipping Company (MSC) for the lease of land at the port in Aarhus, where the company will...
View ArticleStolt Tankers, NYK Line, ENEOS Ocean and SU Navigation expand Stolt NYK Asia...
Stolt Tankers announces the expansion of its Stolt NYK Asia Pacific Services (SNAPS) pool with the addition of SU Navigation, in partnership with NYK Line and ENEOS Ocean. This agreement demonstrates...
View ArticleTufton Oceanic Assets Limited reports earnings results
Tufton Oceanic Assets Limited reported earnings results for the full year ended June 30, 2024. For the full year, the company reported revenue was USD 80.56 million compared to negative revenue of USD...
View ArticleBaltic index hovers near three-month high as capesize rates jump
The Baltic Exchange’s main sea freight index rose to its highest in close to three months on Thursday, propelled by higher rates in the capesize vessel segment. The overall index, which factors in...
View ArticleIron ore extends gains to near $100/t after China pledges more stimulus
Prices of iron ore futures extended gains into a third straight session on Thursday, after top consumer China’s pledge for more stimulus injected further confidence just as the last wave of monetary...
View ArticleGreece qualifies Panama’s inclusion in discriminatory lists as “undeserved”
On the sidelines of the 79th UN General Assembly, the President of Panama, José Raúl Mulino, held a bilateral meeting with the Prime Minister of Greece, Kiriakos Mitsotakis. During the meeting, the...
View ArticleABS approves liquefied hydrogen carrier design from Samsung Heavy Industries
ABS issued general design approval to Samsung Heavy Industries for its detailed design of a liquefied hydrogen carrier. The 20,000 cbm vessel features Type C tanks. ABS completed design reviews based...
View ArticleClarksons expands Deep Sea Tanker Projects offering with new desk in Rio de...
Clarksons announced the establishment of a new desk in Rio de Janeiro, bringing Tanker market expertise to South America. The new desk will be led by new appointment and seasoned market expert, Bruna...
View ArticleUS East Coast port strike set to start Tuesday, says union
A port strike on the U.S. East Coast and Gulf of Mexico will go ahead starting on Tuesday, the International Longshoremen’s Association union said on Sunday, signaling action that could cause delays...
View ArticleUS drillers cut oil and gas rigs for second week in a row, Baker Hughes says
U.S. energy firms this week cut the number of oil and natural gas rigs operating for a second week in a row, energy services firm Baker Hughes said in its closely followed report on Friday. The oil...
View ArticlePetrofac announces in-principle agreement on financial restructure
Petrofac announced that it has reached in-principle agreement with certain of its key stakeholders on the framework for a comprehensive financial restructure to strengthen the Group’s financial...
View ArticleCNC launches first 100% foreign-owned domestic shipping service in the...
CNC, the Intra-Asia short sea specialist of the CMA CGM Group, announced the launch of a new legal entity (named “CMA CGM Philippines Shipping”) which marks the first 100% foreign-owned international...
View ArticleMacquarie to purchase the ownership of ZITON
Macquarie Asset Management has entered into an agreement to purchase 100% ownership of ZITON. Macquarie is the world’s largest investor in infrastructure like EV charging stations, airports, mobile...
View ArticleHD Korea Shipbuilding wins US$511.3 million order for 4 container ships
HD Korea Shipbuilding & Offshore Engineering Co., a major South Korean shipyard, said it has secured a 674.6 billion-won (US$511.3 million) order to build four container ships from an Asian...
View ArticleABS and Hanwha Offshore sign multi-year agreement
ABS and Hanwha Ocean agreed to explore cutting-edge technology projects together with the signing of an Offshore Technology Collaboration Agreement at Gastech 2024. The agreement is the foundation for...
View ArticleABS approves ammonia fuel retrofit solution from Nikkiso
An ammonia fuel supply system that can be retrofitted to existing vessels or installed on new builds has earned approval in principle (AIP) from ABS. The ammonia fuel supply system from Nikkiso Clean...
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