ADNOC L&S joint venture awards $250 million contracts for VLACs
ADNOC Logistics and Services, a global energy maritime logistics company, announced that AW Shipping, its joint venture with Wanhua Chemical Group, has awarded contracts worth $250 million to China’s...
View ArticleFire breaks out on LPG tanker at Kutubdia anchorage
Fire broke out at LPG tanker at Kutubdia anchorage yesterday. Zonal Commander of Bangladesh Coast Guard East Zone Captain Jahirul Hoque confirmed that fire broke out at the tanker B-LPG Sophia, owned...
View ArticleGreek shipping pioneer Athina Martinou dead at 97
Athina Martinou, a key figure in modern Greek shipping and the global maritime industry died on Friday, at the age of 97. Born in 1926 in Glyfada, an Athenian suburb in the city’s southern coast, she...
View ArticleNew build at Green Yard Kleven
Green Yard Kleven has signed a shipbuilding contract with the Romanian integrated energy company OMV Petrom S.A. for the construction of a “Field Support Vessel” that will operate for the Neptun Deep...
View ArticleAnthony Vender pioneers wind-assisted propulsion on gas carrier
Anthony Veder announced the launch of two VentoFoils sails onboard of Ethylene carrier Coral Patula, delivered by Econowind. With this installation, Anthony Veder is the first worldwide to install...
View ArticleDP World to boost UK trade with £1bn expansion of London Gateway
Global logistics giant DP World announced a £1bn expansion of London Gateway to make it Britain’s largest container port within five years in a boost to the volume and resilience of international...
View ArticleYangzijiang Shipbuilding shares fall on arbitration proceedings news
Yangzijiang Shipbuilding Holdings’ shares dropped Monday morning following news of arbitration proceedings against three of the company’s subsidiaries for alleged breach of contract. Shares of the...
View ArticleBaltic index extends gains as capesize rates rise
The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, rose for a second consecutive session on Monday, propped up by higher rates for the capesize...
View ArticleIron ore futures advance as fresh Beijing stimulus hopes lift steel market...
Iron ore futures climbed on Monday as renewed prospectsof further fiscal stimulus from China following a key government briefing lifted sentiment in the top consumer’s steel market. The most-traded...
View ArticleShearwater secures consecutive towed streamer projects in Asia Pacific
Shearwater Geoservices Holding announces the award of two consecutive towed streamer survey projects in the Asia Pacific Region with a combined duration of 3 months. The Shearwater multi-sensor vessel...
View ArticleHanwha Group announces final offer for Dyna-Mac
Hanwha Ocean SG Holdings announced its revised final offer for all the issued ordinary shares in the capital of Dyna-Mac Holdings. The Offer price of S$0.67 per Share exceeds all previous closing...
View ArticleOPEC cuts 2024, 2025 global oil demand growth view again
Crude Oil Price MovementsIn September, the OPEC Reference Basket (ORB) value declined by $4.82/b, or 6.1%, m-o-m, to average $73.59/b. The ICE Brent’s front-month contract fell by $6.01, or 7.6%,...
View ArticleMaersk launches Korosho Express ocean service to support Tanzania’s Cashew Trade
Mae A.P. Moller – Maersk announced the launch of its new seasonal ocean service, the Korosho Express, specifically designed to support the Tanzania cashew trade. The service will commence operations...
View ArticleBaltic index falls over one-month low as rates decline across vessels
The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, fell to its lowest in more than one month on Tuesday pressured by losses across all vessel...
View ArticleDalian iron ore inches lower on global steel outlook, weak China data
Dalian iron ore futures gave up early gains on Tuesday to close slightly lower, as prospects of softer global demand for steel and weaker Chinese economic data outweighed hopes of further stimulus...
View ArticleIntermodal Weekly Market Report [W41]
In examining global bulk shipments, what stands out is the weakening of corn exports from Brazil, particularly during the second corn crop (safrinha) harves. Intermodal-Report-Week-41-2024The post...
View ArticleMaersk linked to containership order
According to broker reports, Maersk has reportedly placed an order at New Times Shipbuilding for six 16,000 TEU LNG dual fuel containerships. The liner hasn’t confirmed the order, however, reports...
View ArticleAndreas Hageli and Thomas Kittelsen join SSY
SSY, the world’s largest independent shipbroker, announced that Andreas Hageli and Thomas Kittelsen will join the broking group in January 2025 as part of a wider expansion of its Offshore Vessels...
View ArticleNordic American Tankers announces a long term contract with a major energy...
NYSE listed Nordic American Tankers (NAT) announced a five-year time charter contract with a major international energy company. The rate is in the mid-high 30’s and the contract is expected to...
View ArticlePIL names its first two 14,000 TEU LNG dual-fuel container vessels
Pacific International Lines named its first two 14,000 TEU container vessels in a ceremony at Jiangnan Shipyard in China yesterday. They are the largest vessels in PIL’s fleet as well as the first to...
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