Iron ore rides a roller coaster as China stimulus-driven frenzy fades
Prices of iron ore futures rode a roller coaster on Tuesday, as some investors unwound long positions to lock in profits, with some analysts saying top consumer China missed expectations for unveiling...
View ArticleJapan’s MOL set to boost LNG carrier fleet to around 150 by 2030: CEO
Mitsui O.S.K. Lines, or MOL, the world’s largest operator of LNG carriers, expects to expand investment in its LNG businesses and boost its super-chilled fuel carrier fleet to around 150 vessels by...
View ArticleEni to expand activities in LNG bunkering market through an agreement with...
Eni has signed a charter agreement for the LNG bunker vessel Avenir Aspiration with Avenir LNG Limited. The bunker vessel will supply LNG for cargo and passenger ships, which are increasingly being...
View ArticleVARD secures contract with Navigare Capital Partners for new CSOV
VARD signed new contract with Navigare Capital Partners, in close collaboration with Norwind Offshore, for the design and construction of a tailor-made Commissioning Service Operations Vessel (CSOV)....
View ArticleEast Java Multipurpose Terminal opens for business
Building on its track record in serving the international oil and gas sector, East Java Multipurpose Terminal (EJMT) is aligning its project developments to support manufacturing, raw to processed...
View ArticleReopening of the mandatory public takeover bid on CMB.TECH
CMB.TECH NV has been informed that CMB NV announced that, pursuant to an order of the Belgian Financial Services and Markets Authority of October 7, 2024, it will make a subsequent additional payment...
View ArticleESL Shipping builds a series of fossil-free handysize vessels
ESL Shipping is building a series of four new, fossil-free handysize vessels. These new 1A ice-class vessels are the top of the market in terms of cargo capacity, technology and innovation. The total...
View ArticleBaltic index hits over one-month on lower capesize demand
The Baltic Exchange’s main sea freight index continued its decline for the eighth consecutive session on Wednesday, reaching its lowest point in over a month due to reduced demand for capesize...
View ArticleDalian iron ore futures dive as China stimulus optimism ebbs
Prices of Dalian iron ore futures languished on Wednesday, as an absence of further fiscal measures following China’s outsized stimulus package disappointed investors and saw the market’s previously...
View ArticleBIMCO approves first management agreement for autonomous ships
BIMCO’s Documentary Committee has adopted the AUTOSHIPMAN agreement in response to a growing number of remotely controlled ships. The AUTOSHIPMAN agreement provides a standard contractual foundation...
View ArticleBunker One launches physical LNG bunker supply
Bunker One is expanding its current fuels portfolio by adding physical LNG and mass balanced LBM. Bunker One expects to be ready to commence first physical LNG deliveries in January 2025. The newly...
View ArticleDayang Enterprise secures contract for 6 AWBs
Dayang announced that its wholly-owned subsidiary, DESB Marine Services Sdn Bhd (DMSSB), has received work order awards from Petronas Carigali Sdn Bhd for 6 of its accommodation workboat (AWB) vessels...
View ArticleMARAD selects ABS to support a U.S. Center for Maritime Innovation
The United States Maritime Administration’s (MARAD) Office of Environment and Innovation has selected ABS to establish and maintain the U.S. Center for Maritime Innovation under a five-year...
View ArticleUK maritime security agency receives report of incident near Yemen
The United Kingdom Maritime Trade Operations (UKMTO) agency said on Thursday it received a report of an incident 70 nautical miles (130 km) southwest of the Yemeni port of Hodeidah, adding authorities...
View ArticleBaltic index falls over one-month low on weak capesize demand
The Baltic Exchange’s main sea freight index continued its decline for the ninth day and hit its lowest in more than a month on Thursday due to weak demand for capesize vessels. The overall index,...
View ArticleDalian iron ore retreats on China stimulus uncertainty
Dalian iron ore futures prices faltered on Thursday, surrendering earlier gains as uncertainty surrounding top consumer China’s fiscal stimulus plans clouded market sentiment, although firmer seasonal...
View ArticlePresident of Cyprus at WISTA conference: «Gender equality is high priority»
Gender equality is a high, horizontal priority of our Government, President of the Republic of Cyprus, Nikos Christodoulides, said addressing the world conference of the Women’s International Shipping...
View ArticleMaersk names latest vessel of its dual-fuel methanol fleet “Alexandra Mærsk”...
A.P. Moller – Maersk celebrated the naming of its latest dual-fuel methanol container vessel “Alexandra Maersk”. UK’s Maritime Minister Mike Kane, representatives of the IMO, customers and Maersk...
View ArticleJiangnan Shipyard expands to the Middle East: 2 new VLACs ordered by Abu Dhabi
Jiangnan Shipyard, a subsidiary of China State Shipbuilding Corporation (CSSC), celebrated a significant milestone with the opening of its Middle East office in Abu Dhabi.Following the opening...
View ArticleShelf Drilling announces new contracts in West Africa
Shelf Drilling announced new contracts for two jack-up rigs in Nigeria. With reference to the press release dated September 6, 2024 regarding the award in West Africa, the Company has now fully...
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