Samsung Heavy Industries Q3 net income up 100.6% to $51.7 mil
Samsung Heavy Industries, the world’s third-largest shipbuilder by orders, said Thursday its third-quarter net profit more than doubled from a year earlier on high-end ships. Net profit for the three...
View ArticleDDW Offshore secures two contracts with an international oil company
DDW Offshore has been awarded two one-year contracts, each with a further 24-month priced option structure, with an international oil company for the anchor handling tug supply (AHTS) vessels Skandi...
View ArticleCLIA: Statement regarding the meeting with the Prime Minister of Greece
The Cruise Lines International Association (CLIA) issued statement regarding the meeting with the Prime Minister of Greece, held on 22 October 2024. The announcement reads: “The meeting between CLIA...
View ArticleOOCL signs charter agreements with Seaspan for 6 new 13,000 TEU container...
Orient Overseas Container Lines entered into charter agreements on 22 October 2024 with Seaspan, to charter six brand new 13,000 TEU container vessels for a maximum aggregate amount of RMB 11.2...
View ArticleDragnis to “N”: Greek shipowners invest in offshore support vessels
The last move was made last week by Goldenport of the Dragni family. Together with Maas Capital and Allianz Marine Services, they established MAG Offshore and acquired a total of 24 support vessels...
View ArticleBaltic index drifts lower as supramax hits over 8-month low
The Baltic Exchange’s main sea freight index tracking rates for ships carrying dry bulk commodities eased on Thursday, as supramax index fell to its lowest level in more than eight months. The index,...
View ArticleIron ore trades sideways as investors await cues on fresh China stimulus
Iron ore futures held within a narrow range on Thursday as upbeat industry data from top consumer China lifted sentiment, but gains were capped as investors awaited cues on further stimulus from...
View ArticleShipbroker SSY enters LPG and ammonia markets
SSY, the world’s largest independent shipbroker, announced that it is to enter the LPG and Ammonia markets in order to help its global client base better navigate through the ongoing transition...
View ArticleMonjasa expands into new offshore US Gulf operations
Global top 10 marine fuels supplier, Monjasa, expands further into the US Gulf, following five years of maritime operations in the Port of Houston. As part of this new operation, Monjasa has agreed...
View ArticleTrafigura issues statement on Mongolia petroleum products business
An internal review followed by an external forensic investigation have uncovered serious misconduct by individuals in Trafigura’s Mongolian petroleum products supply business. The misconduct included...
View ArticleTeekay Corporation reports third quarter 2024 results
Teekay Corporation reported results for the three months ended September 30, 2024. These results include the Company’s publicly-listed consolidated subsidiary, Teekay Tankers and all remaining...
View ArticleAvance Gas Holding successfully completed the first VLGC delivery to BW LPG
Avance Gas Holding refers to the announcement on August 15, 2024, to sell its VLGC fleet to BW LPG Ltd for $1,050 million. The sale of the Very Large Gas Carrier fleet was agreed to be settled with...
View ArticleLeadership change at ESVAGT
From 1 November Kristian Jakobsen and Søren Karas will jointly take over the CEO role at ESVAGT replacing Peter Lytzen who will retire. Kristian Jakobsen was previously Deputy CEO at ESVAGT, a role he...
View ArticleCosco Shipping Holdings sees quarterly profits soar
COSCO SHIPPING Holdings announced the third quarter results for 2024. In the first three quarters of 2024, the volume of cargo in major markets grew moderately, the effective capacity of container...
View ArticleDynacom Tankers linked to sale of 2006-built trio, order for 4 newbuilds
Dynacom Tankers is reported to have sold three ice-class-1A tanker vessels at a price approximating USD 72 million. Specifically, brokers report the company has sold the vessels Ice Energy (70,400...
View ArticleShipbuilding giant’s revenue hit by US navy uncertainty
The largest U.S. military shipbuilder Huntington Ingalls on Thursday cut its 2024 shipbuilding revenue due to uncertainty in navy agreements, supply chain issues and labor shortages, sending its...
View ArticleMaersk opens its first own-licensed bonded warehouse in north Vietnam
A.P. Moller – Maersk opened its first bonded warehouse in Vietnam at SLP Park, Nam Dinh Vu IP, Hai Phong province. Operated by Maersk Contract Logistics, this bonded warehouse marks an important...
View ArticleYemen’s Houthis will keep blockade on Israeli vessels after asset sale reports
Yemen’s Houthis said on Sunday they would maintain their maritime blockade against Israeli vessels in response to “intelligence information” regarding Israeli shipping companies selling their assets...
View ArticleShelf Drilling announces two contract extensions in Thailand
Shelf Drilling announced that it has secured contract extensions for the Shelf Drilling Chaophraya and Shelf Drilling Krathong jack-up rigs with Chevron Thailand Exploration and Production, Ltd. for...
View ArticleBorr Drilling announces voluntary delisting from Oslo Stock Exchange
Borr Drilling announced that Euronext Oslo Stock Exchange has approved the Company’s application for delisting, following an affirmative shareholder vote at the Company’s Special General Meeting in...
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