Baltic Index Falls As Rates Decline Across All Vessels
The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, dropped on Monday pressured by losses across all vessel segments. The overall index, which...
View ArticleIron ore soars to near 3-month high on China’s fresh property stimulus
Iron ore futures surged to a near three-month high on Monday, propelled by improving demand outlook on the back of top consumer China’s latest property stimulus and a raft of monetary easing policies....
View ArticleBrent crude oil expected to average $81.52/bbl in 2024
Analysts have cut their 2024 oil price forecasts for a fifth consecutive month, citing weaker demand and uncertainty over OPEC’s plans, with prices expected to remain under pressure despite...
View ArticleUS ports brace for shut down as dockworkers strike
A dockworkers’ strike is set to shut down ports across much of the US indefinitely, threatening significant trade and economic disruption ahead of the presidential election and the busy holiday...
View ArticleCastor Maritime Announces Vessel Acquisition
Castor Maritime, a diversified global shipping company, announced that it has entered, through a separate wholly-owned subsidiary, into an agreement with an unaffiliated third-party to acquire a...
View ArticleA.P. Moller Holding launches Vioneo to pioneer fossil-free plastics production
A.P. Moller Holding has launched Vioneo, a new venture dedicated to transforming plastics production. Vioneo will manufacture fossil-free plastic resins and significantly reduce the carbon footprint...
View ArticleBaltic index extends losses on lower rates across vessels
The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, extended losses on Tuesday as rates across all vessel segments declined. The overall...
View ArticleIntermodal Weekly Market Report [W39]
Last week, the PBC introduced a significant set of economic measures, marking the first time a combination of rate cuts, reductions in the reserve requirement ratio, and structural monetary policies...
View ArticleWärtsilä’s strong relationship with Jiangnan Shipyard enhanced with system...
Technology group Wärtsilä will supply the Cargo Handling and Fuel Gas Supply systems for five new Very Large Ethane Carrier (VLEC) vessels. The order has been placed by Jiangnan Shipyard, and the...
View ArticleProvaris and Yinson join forces to innovate on CO₂ storage and marine...
Provaris Energy and Yinson Production Offshore announced a binding Joint Development Agreement for the development of storage tank solutions for the bulk storage and marine transportation of carbon...
View ArticleARC adds M/V ARC Endeavor to U.S.-flag fleet
American Roll-On Roll-Off Carrier Group (ARC) announced the addition of M/V ARC Endeavor to its U.S.-flag fleet. M/V ARC Endeavor was reflagged to American registry on September 27th as the tenth...
View ArticleMarubeni and Solvang start joint operation of ammonia carrier
Marubeni has entered into a partnership agreement with Solvang ASA (hereinafter, “Solvang”), a Norwegian shipping company, and commenced joint operation of an ammonia carrier “MV Clipper Neptun”....
View ArticleCelestyal announces specialist coffee bar expansion
To mark international coffee day (October 1), Celestyal has announced the expansion of its specialist onboard coffee bar ‘Café Nation’. The venue, currently available on the 1266-guest Celestyal...
View ArticleBaltic index falls for third day on weaker rates for all vessels
The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, declined for a third straight session on Wednesday on lower rates across all vessels. The...
View ArticleMISC signs shipbuilding contract for two LNG carriers; gets long-term charter...
MISC Bhd and Samsung Heavy Industries signed shipbuilding contracts for the construction of two newbuild liquefied natural gas (LNG) carriers, scheduled for delivery in 2027. In a filing with Bursa...
View ArticleLeading wheat and soybean exporters grapple with historic droughts
Top grain producing regions of Russia and Brazil experienced one of their driest Septembers on record, just as farmers in both export giants were attempting to sow their crops. This has driven winter...
View ArticleOPEC+ ‘staying together’ with goal to stabilize oil market: UAE minister
OPEC and its allies remain united in their goal of stabilizing the oil market, UAE energy minister Suhail al-Mazrouei said Oct. 2, ahead of a meeting of the group’s key advisory committee. “We are...
View ArticleNew LNG system opens in Greece aiming to reduce reliance on Russian gas
The new project, funded in part by the European Commission aims to reduce southeastern Europe’s dependence on Russian gas. The Greek city of Alexandroupolis is the site of a new liquified natural gas...
View ArticleGOGL: Renewal of share buy-back program
The Board of Directors of Golden Ocean Group announced the establishment and renewal of a share buy-back program. The Company has repurchased a total of 1,507,328 shares under the program for a total...
View ArticleDP World expands marine services fleet with new vessels
DP World welcomed two newly built vessels to its Marine Services fleet, further strengthening its commitment to sustainability and operational excellence. The newbuild vessels, Navios Utmost and...
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