Baltic Index drops to more than three-week low as larger vessel rates slip
The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, fell to more than a three-week low on Thursday as rates across larger vessels slipped. The...
View ArticleIron ore drifts sideways as solid steel outlook offsets soft China data
Prices of iron ore futures flitted within a narrow range on Thursday, as traders weighed stronger prospects for China’s steel market against weaker economic data from the world’s top consumer. The...
View ArticleHapag-Lloyd concludes offtake agreement for green methanol
Hapag-Lloyd has reached an agreement with Goldwind, a global strategic partner in clean energy with headquarters in Beijing, China, for the delivery of 250,000 tonnes of green methanol per year. The...
View ArticleMaersk names newest dual-fuel methanol vessel “A.P. Møller” in Singapore
A.P. Moller – Maersk celebrated the arrival of its newest dual-fuel methanol container vessel in Singapore, as part of her maiden voyage from Asia to Europe. The vessel, named “A.P. Møller” in honor...
View ArticleHöegh Autoliners signs 2-year contract with a major international car producer
Höegh Autoliners ASA has signed a two-year contract with a major international car producer for transport of cars in various trade lanes. The contract is a two-year extension of an existing contract,...
View ArticleFlex LNG announces 15-year time charter for Flex Constellation
Flex LNG announced it has agreed a new Time Charter Agreement for Flex Constellation for 15-years. Commencement of the charter will occur during the first or second quarter of 2026 with maturity in...
View ArticleHurtigruten announces acquisition by consortium of existing investors...
Hurtigruten announced that the Company has been acquired by a consortium of existing investors and has received approximately EUR 110m in new, long-term funding. The new setup provides a solid base...
View ArticlePampa Energía participates in the FLNG Project for GNL export
Pampa Energía announced the participation in the FLNG Project, led by Pan American Energy, for the liquefaction and export of liquified natural gas . The FLNG Project involves deploying Golar LNG’s...
View ArticleYinson, PTSC joint venture for the Lac Da Vang project in Vietnam
PTSC Asia Pacific, a joint venture between Yinson Production (49%) and PetroVietnam Technical Services Corporation (“PTSC”; 51%), has executed a contract for the provision, charter, operation and...
View ArticleShelf Drilling secures an award for the Main Pass IV jack-up rig
Shelf Drilling announced an award for the Main Pass IV jack-up rig for operations offshore Nigeria. The firm term of the contract is approximately two years. The contract is scheduled to begin in...
View ArticleGAIL signs a long-term charter contract with “K” LINE for LNG ship
Looking to expand its fleet of LNG carriers, GAIL (India) Limited signed a long-term time charter contract with Kawasaki Kisen Kaisha, through the ship-owning company established in Singapore for a...
View ArticleBaltic index hits over 1-year low on weaker rates across vessels
The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, fell to near 15-month low on Monday, dragged down by losses across all vessel segments....
View ArticleIron ore climbs on upbeat China data; falling demand caps gains
Iron ore futures climbed on Monday, supported by upbeat factory data in top consumer China, but signs of faltering demand capped gains. The most-traded January iron ore contract on China’s Dalian...
View ArticleCastor Maritime sales M/V Ariana A for $16.5 million
Castor Maritime, a diversified global shipping company, announces that on November 13, 2024, it entered, through a separate wholly-owned subsidiary, into an agreement with an unaffiliated third party...
View ArticleHapag-Lloyd opens new office in Uganda
Hapag-Lloyd opened its new office in the city of Kampala, the capital of Uganda. Strategically situated, Uganda provides excellent connections to five neighboring countries in East and Central Africa....
View ArticleMaersk completes order of 20 dual-fuel vessels
A.P. Moller – Maersk has signed agreements with three yards for a total of 20 container vessels equipped with dual-fuel engines. Combined, the vessels have a capacity of 300,000 TEU. With these...
View ArticleSEACOR Μarine announces complete debt refinancing, newbuild orders, and...
SEACOR Marine Holdings, a leading provider of marine and support transportation services to offshore energy facilities worldwide, announced that it has entered into a new senior secured term loan of...
View ArticleSan Antonio Terminal Internacional concession to be extended until 2030
Empresa Portuaria San Antonio (EPSA) filed a Material Event with the Financial Market Commission (CMF), informing that San Antonio Terminal Internacional (STI) had met the investment conditions agreed...
View ArticleNorden to sell two Capesize vessels
Norden announced the sale of two Capesize vessels, NORD POWER and NORD ENERGY, with delivery scheduled for Q1 2025. This is a strategic sale of existing, older dry cargo vessels to realise NAV and...
View ArticleSaverex to launch public takeover bid on Exmar NV
Saverex NV announced that it intends to launch a voluntary and conditional public takeover bid for all shares of Exmar NV (“Exmar”) not already owned by it or persons affiliated with it (the “Bid”)....
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