Baltic index edges lower as rates of some vessel segments fall
The Baltic Exchange’s dry bulk sea freight index fell on Monday, pressured by falling rates across the panamax and supramax vessel segments. The index, which factors in rates for capesize, panamax and...
View ArticleIron ore gains as markets await key China meeting
Iron ore futures swung to gains from losses on the first working day of the week as the market keenly awaiteda key meeting of the topleadership in biggestconsumer China for cues on stimulus measures....
View ArticlePelagic Partners: Charter deal with International Seaways
Pelagic Partners has reached agreement to charter an LR1 tanker vessel to International Seaways. Specifically, the 2009-built Pelagic Turbot (73,400 dwt) has been fixed long-term to International...
View ArticleMOL to build logistic center on Kobe’s Port Island
Mitsui O.S.K. Lines announced its decision to construct a logistics center, including two warehouses for dangerous goods and one warehouse for general cargo, on a site it owns on Port Island in the...
View ArticleCadeler signs firm contracts with ScottishPower Renewables
Cadeler A/S announced the signing of firm contracts for the transportation and installation of 64 x 15MW offshore wind turbine generators as well as the foundations for the East Anglia TWO Offshore...
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KVH and Pacific Basin completing hybrid connectivity and network management...
KVH Industries announced that it has substantially completed a 75-vessel connectivity upgrade for commercial dry bulk operator Pacific Basin Shipping, a longtime KVH customer. KVH is delivering...
View ArticleBaltic index rises as capesize segment logs gains
The Baltic Exchange’s dry bulk sea freight index rose on Tuesday, buoyed by rising rates across the capesize vessel segment. The index, which factors in rates for capesize, panamax and supramax...
View ArticleIron ore climbs to over two-week high on prospects of more China stimulus
Iron ore futures climbed on Tuesday to their highest levels in more than two weeks, underpinned by growing optimism over further stimulus from top consumer China, although fundamentals of the key...
View ArticleHapag-Lloyd christens the “Hamburg Express” in the Port of Hamburg
The “Hamburg Express” – the eponymous flagship of Hapag-Lloyd’s “Hamburg Express” class – was ceremoniously christened at the Container Terminal Burchardkai in the Port of Hamburg. As the ship’s...
View ArticleOdfjell SE 3Q24 results: Odfjell delivered another solid financial result
Odfjell SE today reported its results for the third quarter of 2024. Highlights: Odfjell’s strong performance on safety continues with high operational efficiency and no significant incidents during...
View ArticleCLIA names energy and transport leader as director general in Europe
Samuel Maubanc brings deep experience in climate policy and government relations leadership to the top job for CLIA in Brussels Cruise Lines International Association (CLIA), the leading authority of...
View ArticleIntermodal Weekly Market Report [W44]
The recent expansion of Canada’s Trans Mountain Pipeline (TMX) is set to reshape the North American oil landscape, significantly impacting the tanker market and altering established oil flows. Nearly...
View ArticleAltera Infrastructure announces divestment of Altera Shuttle Tankers L.L.C.
Altera Infrastructure Holdings L.L.C., a wholly owned subsidiary of Altera Infrastructure L.P., has entered into an agreement to sell all its membership interests in Altera Shuttle Tankers L.L.C....
View ArticleBaltic index rises as capesize vessel segment posts gain
The Baltic Exchange’s dry bulk sea freight index rose on Wednesday, supported by a strong gain in the capesize vessel segment. The index, which factors in rates for capesize, panamax and supramax...
View ArticleIron ore slides as focus shifts to weak fundamentals
Iron ore futures slipped on Wednesday, as investors shifted their focus to weak fundamentalsof the key steelmaking ingredient from expectations of more stimulus in top consumer China. The most-traded...
View ArticleHapag-Lloyd orders 24 new container ships
Hapag-Lloyd has signed two contracts with two Chinese shipyards for a total of 24 new container ships. Of these, 12 newbuildings – each with a capacity of 16,800 TEU – will be built by Yangzijiang...
View ArticleSINTEF Ocean and GCMD partnerships strengthen global collaboration for...
Reducing energy consumption and replacing fossil with renewable fuels within the maritime sector is a large and global challenge. Governments, industries and research organisations globally have been...
View ArticleFlex LNG secures time charter extension for Flex Courageous and Flex Resolute
Flex LNG announced agreement with the Charterer of Flex Courageous and Flex Resolute, a Supermajor, to amend the existing Time Charter Agreements for the two LNG carriers where the parties have agreed...
View ArticleDFO announces a long-term SOV contract with Vestas
Dong Fang Offshore announced the award by Vestas of a newbuild SOV supporting the operations & maintenance phase for the Changfang Xidao and Zhong Neng projects, with a firm contract duration of...
View ArticleMSC cruises from Piraeus to mediterranean destinations in the winter season
· MSC Cruises offering first winter season with MSC Sinfonia departing Piraeus (Athens) weekly starting 18 November 2024 · Destinations include beautiful Corfu Island, charming Italian town Bari, and...
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