Ο Baltic Index Gains as Capesize Rates Rise
The Baltic Exchange’s dry bulk sea freight index rose on Thursday, supported by gains in the capesize vessel segment. The index, which factors in rates for capesize, panamax and supramax shipping...
View ArticleIron ore rebounds as Trump win re-ignites China stimulus hopes
Iron ore futures recovered on Thursday, as Donald Trump winning the U.S. presidential election heightened hopes that top consumer China would unveil stronger stimulus measures to offset any impact...
View ArticleInternational Seaways reports third quarter 2024 results
International Seaways, one of the largest tanker companies worldwide providing energy transportation services for crude oil and petroleum products, reported results for the third quarter 2024....
View ArticleTORM reports strong Q3 perfomance
In the third quarter of 2024, TORM’s time charter equivalent earnings (TCE) amounted to USD 263.4m (2023, same period: USD 244.4m). TORM realized an adjusted EBITDA of USD 190.9m (2023, same period:...
View ArticleQatarEnergy inaugurates four LNG vessels
QatarEnergy inaugurated four new conventional-size LNG vessels built in the Samsung Heavy Industries Shipyard and the Hanwha Ocean Shipyard in the Republic of Korea as part of QatarEnergy’s historic...
View ArticleWallenius Wilhelmsen exercise options for two additional 11,700 CEU Shaper...
Wallenius Wilhelmsen has declared an option for two additional 11,700 CEU Shaper class vessels at China Merchants Jingling Shipyard. The two declared options are part of the four previously announced...
View ArticleYangzijiang Shipbuilding’s order wins hit $11.64b, surpassing FY24 goal
With order wins reaching US$11.64b year-to-date, Yangzijiang Shipbuilding has surpassed its FY 2024 goal of US$4.05b. In a bourse filing, the company reported that 86% of its new order wins were for...
View ArticlePanama Canal could double the number of containers transiting, says Chief
The Panama Canal Authority could double in coming years the number of containers that move through the commercial waterway that links the Pacific and the Atlantic oceans, the canal’s chief told a...
View ArticleMaersk Tankers to deploy suction sail technology at scale to reduce CO2...
Maersk Tankers, one of the world’s largest tanker operators, is set to deploy eSAIL® suction sail technology on five of its MR vessels as part of its strategy to reduce its environmental footprint and...
View ArticleCelestyal, Visit Qatar & Qatar Airways to host agents on Qatar super fam trip
Celestyal and Visit Qatar have announced they will be hosting 32 global agents on a Qatar super fam trip in the Arabian Gulf, including tickets to the F1 Qatar Airways Qatar Grand prix 2024....
View ArticleBaltic Index Rises for Fifth Day On Stronger Capesize, Panamax Rates
Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, rose for the fifth straight session on Monday, boosted by robust gains in capesize and panamax...
View ArticleKorean shipbuilders upbeat on Trump’s call for collaboration
Korean shipbuilders are raising hopes to expand their presence in the US, following President-elect Donald Trump’s call for more bilateral cooperation in the shipbuilding sector. According to Seoul’s...
View ArticleLondon Gateway Launches New £350m Fourth Berth
DP World is celebrating the operational launch of the world’s first all-electric berth with the arrival of its first ships, marking a significant milestone at one of the UK’s most sustainable and...
View ArticleWallenius Wilhelmsen signs another significant multi-year shipping contract
Wallenius Wilhelmsen has signed a multi-year shipping contract with a leading automotive manufacturer. “This demonstrates their commitment to securing long-term ocean capacity and will further...
View ArticleCOP29: Countries Endorse Global Carbon Market Framework
Countries at the two-week COP29 climate summit gave the go-ahead on Monday to carbon credit quality standards which are critical to launching a U.N.-backed global carbon market that would fund...
View ArticleGSL sees quarterly profits edge higher
Global Ship Lease, an owner of containerships, announced its unaudited results for the three and nine months ended September 30, 2024. Third Quarter of 2024 and Year to Date Highlights – Reported...
View ArticleBaltic index hits one-month high as larger vessel rates rise
The Baltic Exchange’s main sea freight index rose for a sixth consecutive session on Tuesday, reaching nearly a one-month high, driven by strong gains in capesize and panamax vessel rates. The index,...
View ArticleIron ore mixed as China data, stimulus disappoint
Iron ore futures were mixed on Tuesday as investors assessed soft economic data out of top consumer China, after the country’s latest stimulus measures underwhelmed and took the wind out of markets in...
View ArticleIntermodal Weekly Market Report [W45]
Building on the strong performance observed over the summer, the containership markets remain in solid shape as we head into the pre-holiday season. Intermodal-Report-Week-45-2024The post Intermodal...
View ArticlePangaea Logistics Solutions reports Q3 Financial Results
Pangaea Logistics Solutions, a global provider of comprehensive maritime logistics solutions, announced its results for the three months ended September 30, 2024. THIRD QUARTER 2024 RESULTS • Net...
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