Iron ore rises on firmer steel outlook, but trade tensions cap gains
Iron ore futures strengthened on Monday, buoyed by stronger global steel production, although mounting trade tensions surrounding top consumer China capped gains. The most-traded January iron ore...
View ArticleInternational Seaways announces leadership transition
On November 22, 2024, Mr. Douglas Wheat resigned from the Board of Directors of International Seaways, and from his role as Chairman of the Board, both with immediate effect. Mr. Wheat’s resignation...
View ArticleBIMCO adopts FuelEU Maritime Clause
On 1 January 2025, the FuelEU Maritime Regulation will come into force. The regulation may require stakeholders to start taking measures now and the BIMCO FuelEU Maritime Clause for Time Charter...
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CORE POWER and Westinghouse partner for floating nuclear power plants
Westinghouse Electric Company and CORE POWER announced the formalization of a cooperative agreement for the design and development of a floating nuclear power plant (FNPP) using the industry-leading...
View ArticleShearwater awarded large 3D seismic project offshore India
Shearwater Geoservices Holding has received an LOA from ONGC for a large 3D seismic survey off the east coast of India. The high-capacity Oceanic Sirius will carry out the survey, covering an area of...
View ArticleLloyd’s Register completes acquisition of Ocean Technologies Group
Lloyd’s Register Group, a global provider of maritime professional services and digital solutions, has completed the acquisition of Ocean Technologies Group, a leading trusted provider of human...
View ArticleBAR Technologies: MoU with Mitsubishi Corporation and Nihon Shipyard in...
BAR Technologies, a wind propulsion leader and innovative simulation-driven marine engineering consultancy, has announced the signing of a Memorandum of Understanding (MoU) with Mitsubishi...
View ArticleBaltic index snaps six-session losing streak as capesize rates gain
The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, snapped a six-session losing streak on Tuesday, supported by gains in capesize rates. The...
View ArticleIron ore rangebound amid China rate cut hopes, Trump tariff plans
Iron ore futures traded in a narrow range on Tuesday as a softer yuan bolstered hopes of a rate cut by China’s central bank while higher tariffs loomed after a pledge by U.S. President-elect Donald...
View ArticleIntermodal Weekly Market Report [W47]
China’s decision to grant an additional crude oil import quota of at least 5.84 million metric tons for delivery through late 2024 and early 2025 is poised to significantly influence global crude oil...
View ArticleFrontline reports revenues of $490.3 million for Q3 2024
Frontline reported unaudited results for the three and nine months ended September 30, 2024: Highlights Profit of $60.5 million, or $0.27 per share for the third quarter of 2024. Adjusted profit of...
View ArticleAvance Gas Holding reports Q3 financial results
Avance Gas Holding reported unaudited results for the third quarter 2024. HIGHLIGHTS * The average Time Charter Equivalent (TCE) rate on a discharge-to-discharge basis was $38,700/day, compared to...
View ArticleNORDEN signs sustainable maritime fuel offtake agreement with Meta
Danish shipping company NORDEN announced a sustainable maritime fuel agreement with Meta aimed at advancing the decarbonisation of the maritime industry. “We are proud to include Meta to our growing...
View ArticleBaltic index slips to near three-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 a near three-week low on Wednesday, pulled down by weaker capesize and panamax...
View ArticleIron ore advances as China’s stronger steel production outweighs its soft data
Prices of iron ore futures strengthened for the third straight session on Wednesday, as firmer steel output outweighed a raft of weaker economic data in top consumer China. The most-traded January...
View ArticleONE strengthens presence in southeast Asia with terminal acquisition in...
Ocean Network Express announced the completion of its acquisition of a minority stake in New Priok Container Terminal One (“NPCT1”) in Jakarta, Indonesia. NPCT1 is an important terminal serving mature...
View ArticleHafnia Limited reports net profit of USD 215.6 million for Q3 2024
Hafnia Limited, a leading product tanker company with a diversified and modern fleet of over 130 vessels, announced results for the three and nine months ended September 30, 2024. Highlights and...
View ArticleTORM announces share capital increase
TORM has increased its share capital by 961,823 shares (corresponding to USD 9,618.23) in connection with delivery of two MR vessels and exercise of Restricted Share Units as part of TORM’s incentive...
View ArticleDEME wins offshore wind terminal contract in the port of Cuxhaven
DEME has been awarded a contract for the construction of an offshore wind terminal in the Port of Cuxhaven in Germany. The terminal will boost Cuxhaven’s position as a key offshore industrial hub to...
View ArticleHelix awarded UXO Services Contract Offshore Scotland
Helix Robotics Solutions, the robotics division of Helix Energy Solutions Group, , has been awarded a contract by SSEN Transmission to provide Unexploded Ordnance (UXO) target investigation services...
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