Baltic index falls to more than two-month low on weaker vessel rates
The Baltic Exchange’s main sea freight index extended its fall to the lowest in more than two months on Wednesday as rates for all vessel segments declined. The index, which factors in rates for...
View ArticleIron ore futures fall as global supply outlook, China demand weigh
Iron ore futures prices fell on Wednesday, as prospects of firmer global supply and softer Chinese demand overshadowed stronger trade data from the top consumer. The most-traded January iron ore...
View ArticleAmadeus Schiffahrts enhances its fleet with new kind of river-seagoing vessel
Amadeus Schiffahrts- und Speditions GmbH, a subsidiary of HGK Shipping, is enhancing its charter fleet during the autumn of this year to now include the innovative river-going coastal vessel called...
View ArticleSeanergy Maritime issues investor presentation highlighting value creation...
Seanergy Maritime Holdings announced that it has published an investor presentation in connection with the Company’s 2024 Annual Meeting of Shareholders, scheduled to be held on November 4, 2024...
View ArticleINTERCARGO expresses concern over rightship’s decision to reduce the age...
INTERCARGO members have voiced deep concerns regarding RightShip’s recent decision to reduce the age limit of bulk carriers eligible for vetting inspections, as discussed during the Association’s...
View ArticleDP World acquires 47,000 TEUs in boost to capacity and customer experience
For the first time, DP World has acquired 47,000 TEUs that have been registered and branded to the company. The new containers will increase DP World’s cargo capacity and ability to respond quickly...
View ArticleReederei Bernd Sibum orders four Damen Combi Freighters
German family-owned shipping company, Reederei Bernd Sibum, has placed an order with Damen Shipyards Group for the construction of four Combi Freighters (CF) 3850. These vessels, scheduled for...
View ArticleD’Amico International Shipping exercises option on vessel High Leader
D’Amico International Shipping announced that its operating subsidiary, d’Amico Tankers DAC, has exercised an option to purchase the MT tanker High Leader, a medium-range vessel with a gross capacity...
View ArticleBaltic index falls over 6-months low on lower vessel demand
The Baltic Exchange’s main sea freight index extended its decline, reaching its lowest in more than six months on Thursday, pressured by weaker demand across all vessel segments. The index, which...
View ArticleDalian iron ore dives as China stimulus disappoints
Dalian iron ore futures tumbled on Thursday to their lowest in more than two weeks, weighed down by a lack of fresh stimulus from a key policy briefing in top consumer China, while higher supplies...
View ArticleNSU and Vale agree to install rotor sails to Valemax VLOC
NS United Kaiun Kaisha and Vale International have reached an agreement to install rotor sails manufactured by Anemoi Marine Technologies on 400,000dwt-type VLOC, NSU TUBARAO, which has been engaged...
View ArticleBahri signs Murabaha Financing Agreement with Alinma Bank
Bahri, the National Shipping Company of Saudi Arabia and a global leader in maritime transportation and logistics, signed a landmark Murabaha Financing Agreement with Alinma Bank to secure financing...
View ArticleTransocean announces $193 million Ultra-Deepwater drillship contract
Transocean, announced a one-year contract for the Deepwater Conqueror with an undisclosed operator in the U.S. Gulf of Mexico. The contract is expected to commence in October 2025 and contribute...
View ArticleDOF Group – Disclosure of large shareholding
Geveran Trading acquired 135,000 shares in DOF Group ASA. Following the acquisition of shares, Geveran owns 18,550,894 shares in the Company, representing a total of 10.04% of the Company’s issued...
View ArticleHöegh Autoliners announces solid Q3 results, $245m dividend & management changes
Höegh Autoliners announced its Chief Financial Officer is stepping down to take up a dual senior executive role as Executive Chair of Höegh Autoliners activities in Manila and as Chief Controlling...
View ArticleFincantieri and Viking sign contracts for two cruise ships
Fincantieri and Viking announced that they have signed contracts for the construction of two new cruise ships, based on the successful features of the previous vessels, which Fincantieri has already...
View ArticleCOSCO invests in Thailand’s largest port
COSCO SHIPPING Ports Limited announces its acquisition in 12.5% and 30% of the equity stakes in Thai Laemchabang Terminal Co., Ltd. (‘TLT’) and Hutchison Laemchabang Terminal Limited (‘HLT’),...
View ArticleBaltic index falls as all vessel segments decline
The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, dropped on Thursday, dragged down by losses across all vessels. The index, which factors...
View ArticleDalian iron ore dips as mixed supply data, softer global steel outlook weigh
Dalian iron ore futures prices declined on Thursday, as investors weighed mixed production data while a softer global steel market outlook added pressure on prices. The most-traded January iron ore...
View ArticleDorian LPG declares irregular cash dividend of $1.00 per share
Dorian LPG updated its financial and operational outlook for the quarter ended September 30, 2024, announced that its Board of Directors has declared an irregular cash dividend of $1.00 per share of...
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