Baltic Index flat as gains in smaller vessels offset weaker capesize
The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, was steady on Monday as gains in the panamax and supramax segments offset a decline in...
View ArticlePPA: Two-day workshop on the preparation of the Regulation for tugboats
On May 29 and 30, 2024, PPA conducted an interactive workshop for the study and preparation of the Regulation for tugboats, following the issuance of the relevant presidential decree (P.D. 83/2022)....
View ArticleIron ore slides on disappointing China data, dim near-term demand outlook
Iron ore futures prices slid on Monday after a batch of economic data in top consumer China undershot expectations and as floods and high temperatures in the country cast a shadow over the near-term...
View ArticleDenmark seeks to stop shadow tanker fleet carrying Russian oil
Denmark is considering ways to stop a so-called shadow fleet of tankers from carrying Russian oil through the Baltic Sea, the Nordic country said on Monday, triggering a sharp response from Moscow’s...
View ArticleV. Group embarks on new chapter of growth as consortium led by STAR Capital...
V.Group, the global provider of mission critical services to the maritime industry, announced that a consortium led by STAR Capital including Ackermans & van Haaren and others has signed an...
View ArticleScorpio Tankers announces updates on its securities repurchase program and...
Scorpio Tankers announced updates on its securities repurchase program and second quarter of 2024 daily TCE revenues. Securities Repurchase Program The Company recently repurchased 641,654 of its...
View ArticleMitsubishi Shipbuilding receives orders for Japan’s first methanol-fueled...
Mitsubishi Shipbuilding, a part of Mitsubishi Heavy Industries (MHI) Group, has received orders from Toyofuji Shipping Co., Ltd. (Aichi Prefecture) and Fukuju Shipping Co., Ltd. Shizuoka Prefecture)...
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Fitch Ratings updates oil and gas price assumptions
Fitch Ratings has maintained most of its oil and gas price assumptions, reflecting broadly unchanged market fundamentals. Our base-case oil price assumptions have not changed. While Brent crude oil...
View ArticleBaltic index hits more than one-month high as capesize rates rise
The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, rose to its highest level in more than a month on Tuesday as rates for capesize and supramax...
View ArticleIron ore pares gains after talks of China steel control
Iron ore futures prices rebounded on Tuesday, but were off their session high as investors booked profits following market talks of controlling steel output in the southern province of Fujian in top...
View ArticleSouth Korea bolsters shipbuilding industry with $10.75 billion financial support
In a significant move to bolster South Korea’s shipbuilding industry, Minister of Trade, Industry and Energy Ahn Duk-geun and Financial Services Commission Chairman Kim Joo-hyun convened a...
View ArticleDP World Romania doubles container shipping capacity in Black Sea port
DP World Romania has more than doubled its container shipping operating capacity in the Black Sea port of Constanta following investment that will also boost cargo and other freight, its chief...
View ArticleShipping industry calls for action following Red Sea attacks
The shipping community is appalled and deeply saddened with the tragic news that, yet another seafarer seems certain to have been killed in a drone boat strike on Wednesday 12 June while on board the...
View ArticleTrauma from Red Sea attacks adds to seafarer shortage
When a missile fired by Yemen’s Houthi Islamists landed near his ship in the Red Sea, Costas Rassias vowed to stop sailing through the perilous waters. “I froze,” said the Greek 34-year-old second...
View ArticleIndia approves new deep sea port to boost trade with Europe
India’s cabinet approved development on Wednesday of a new deep-water port that the government said will be a crucial part of a plan to connect the Asian country with Europe by sea and rail links...
View ArticleHellenic Cables signs an EPCI contract with Elia Asset NV/SA for HV submarine...
Cenergy Holdings announces that Hellenic Cables, its cables segment, signed a contract with Elia Asset NV/SA, as a consortium with DEME, for the engineering, procurement, construction, and...
View ArticleBaltic index hits more than one-month high on strong capesize demand
The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, hit more than a one-month high on Thursday on the back of by higher capesize rates. The...
View ArticleEmanuele Grimaldi re-elected as Chairman of the International Chamber of...
The International Chamber of Shipping (ICS) Board of Directors has unanimously re-elected Emanuele Grimaldi, President and Managing Director of Grimaldi Euromed SpA, as Chairman of the Board. ICS...
View ArticleIron ore trades in a tight range as investors weigh China demand
Iron ore futures prices were stuck in a tight range on Thursday as traders weighed high portside inventories and prospects of crude steel output cuts in top consumer China against production...
View ArticleHanwha to acquire Philly Shipyard
Philly Shipyard has entered into a share purchase agreement with both Hanwha Systems and Hanwha Ocean (together “Hanwha”), for the purchase of Philly Shipyard, Inc. (“PSI”), the sole operating...
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