Baltic Index falls as panamax and supramax segments log declines
The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, fell on Wednesday, pressured by weak rates across the panamax and supramax vessel...
View ArticleDalian iron ore rises on resilient steel demand, China stimulus hopes
Dalian iron ore futures prices rose for a third straight session on Wednesday, supported by resilient steel demand and persistent hopes of further economic stimulus in top consumer China. Lingering...
View ArticleFincantieri: Vard to build five Walk-to-work vessels
Vard, the Norwegian subsidiary of the Fincantieri Group and one of the major global designers and shipbuilders of specialized vessels, has signed a new contract for the design and construction of five...
View ArticleZIM posts strong quarter, declares $100m special dividend
ZIM Integrated Shipping Services, a global container liner shipping company, announced its consolidated results for the three and nine months ended September 30, 2024. Third Quarter 2024 Highlights...
View ArticleGunvor secures US $2.265 billion sustainability-linked, multi-currency...
Gunvor Group has signed a US $2.265 billion sustainability-linked, multi-currency revolving credit facility in favour of Gunvor International B.V. and Gunvor SA. The Facility consists of two tranches,...
View ArticleGolden Energy Offshore reports profitable quarter
Golden Energy Offshore Services reported total revenues of NOK 130 million compared with NOK 52.8 million in the same quarter last year, 146 % increase. EBITDA of NOK 54.9 million for Q3 2024,...
View ArticleSamsung Heavy wins certification for wind-powered LNG carrier
Samsung Heavy Industries announced on Wednesday that it received basic design certification for an LNG carrier equipped with its wind-assisted propulsion system, the “wing sail.” The wing sail, a ship...
View ArticleOcean Yield reports another stable quarter
Ocean Yield announced results for the third quarter 2024. HIGHLIGHTS EBITDA for Q3 2024 was USD 55.9 million and Adjusted EBITDA was USD 94.6 million. Net profit for Q3 2024 was USD 23.2 million....
View ArticleBaltic index falls as all vessel segments post declines
The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, fell on Thursday, dragged down by losses across all vessel segments. The index, which...
View ArticleIron ore futures climb as traders weigh demand against high portside stocks
Iron ore futures climbed on Thursday to their highest levels in more than one week as investors and traders weighed firm near-term demand against high portside stocks, while awaiting new clues on the...
View ArticleClik here to view.
Oldendorff successfully installs rotor sails
Oldendorff Carriers announced the successful installation and operational deployment of Rotor Sails on the Chinook Oldendorff. Through a joint agreement first announced in December 2023, the Chinook...
View ArticleWallenius Wilhelmsen: Update on vessel purchase option
Wallenius Wilhelmsen has acquired the vessel “Morning Celine” (6,500 CEU, built 2009) following the completion of a long-term charter in agreement. The pre-agreed purchase price is well below the...
View ArticleSolstad Offshore: Contract award for Normand Maximus
Solstad Offshore ASA announced a contract award with an undisclosed client for the subsea construction vessel “Normand Maximus.” The contract has a duration of 1 year and will keep the “Normand...
View ArticleCelestyal offers seven-night cruises from €359 in Black Friday deal
Celestyal will offer seven-night cruises from €359 per person as part of a new Black Friday savings deal. The offer, available for a limited time from November 25 to December 3, 2024, is valid on 65...
View ArticleSolstad Offshore announces multiple new contracts worth $60m
Solstad Offshore ASA announced multiple new contracts and contract extensions, representing around 900 vessel days. The combined value of the contracts is approx. USD 60 million. CSV «Normand Valiant»...
View ArticleINTERTANKO elects a new managing director
INTERTANKO’s Council of Members has confirmed that Tim Wilkins is to succeed Katharina Stanzel as Managing Director from January 1, 2025. Stanzel has served as Managing Director since 2012,...
View ArticleResults of the reopening of the public takeover bid on CMB.TECH NV launched...
CMB.TECH NV announced that the acceptance period of the reopening of the public takeover bid launched by CMB NV on all shares in CMB.TECH not already owned by CMB or persons affiliated with it expired...
View ArticleKenon Holdings selling ZIM shares
Kenon Holdings announced updates with respect to its holding of ordinary shares of ZIM Integrated Shipping Services Ltd. (“ZIM”). In June 2024, Kenon announced that it had sold 5 million shares in ZIM...
View ArticleADNOC statement on recent media reports
Abu Dhabi National Oil Company, the current majority shareholder of 90% of the ordinary shares in ADNOC Gas, notes recent media reports about a potential capital market transaction involving ADNOC...
View ArticleBaltic index hits more than two-week low as larger vessel rates dip
The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, fell to its lowest level in more than two weeks on Monday as rates declined across the...
View Article