STX Group expands its biofuels business with strategic acquisition of Marine...
STX Group, a leading environmental commodities and climate solutions firm, announced the acquisition of Marine Olie, a leading trader of waste-based advanced feedstocks. This strategic acquisition...
View ArticleMcQuilling invests in SulNOx Group
McQuilling Partners announced that a wholly owned subsidiary has invested in SulNOx Group PLC and will be the preferred partner to promote and sell the SulNOx products in the U.S. market. John M....
View ArticleMcDermott awarded FEED Contract by Repsol in the Gulf of Mexico
McDermott has been awarded a front-end engineering design (FEED) contract by Repsol Exploración México S.A. for the Polok and Chinwol field development project in the Gulf of Mexico. Under the...
View ArticleBaltic index hits 15-month low as capesize rates dip
The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, fell to a 15-month low on Wednesday, dragged down by lower capesize rates. The index,...
View ArticleIron ore gains as China stimulus hopes outweigh worries of escalating trade...
Iron ore futures prices gained on Wednesday as lingering expectations of fresh Chinese economic stimulus outweighed concerns over the escalation of trade tensions between the United States and China....
View ArticleIntermodal Weekly Market Report [W48]
Following the recent reactivation of Jiangsu Rongsheng Heavy Industries to fulfil a substantial order from MSC for eight 12,000 TEU container vessels, it is worth to take a closer look at the...
View ArticleCelestyal’s inaugural Arabian Gulf season launches in Qatar
Celestyal has confirmed its flagship, Celestyal Journey, has arrived in Doha, Qatar, to start the line’s maiden Arabian Gulf season. The season begins with two specially themed F1 voyages, which will...
View ArticleShell and Equinor to create the UK’s largest independent oil and gas company
Equinor UK Ltd, a subsidiary of Equinor ASA and Shell UK Limited, a subsidiary of Shell plc are to combine their UK offshore oil & gas assets and expertise to form a new company which will be the...
View ArticleKNOT Offshore announces Q3 Interim Results
For the three months ended September 30, 2024, KNOT Offshore Partners LP: Generated total revenues of $76.3 million, operating income of $17.2 million and net loss of $3.8 million. Generated Adjusted...
View ArticleBaltic index extends losses on weaker capesize rates
The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, fell on Thursday, pressured by lower rates in capesize vessels. The index, which factors...
View ArticleIron ore slides as investors fret China stimulus will disappoint again
Iron ore futures prices slid on Thursday as investor sentiment dampened after statemedia in top consumer China emphasized qualitative improvements ahead of a long-anticipated meeting that is expected...
View ArticleGlobal trade is set to reach a record $33 trillion this year
Global trade is set to reach a record $33 trillion in 2024, according to the latest Global Trade Update by UN Trade and Development (UNCTAD). This $1 trillion increase, reflecting 3.3% annual growth,...
View ArticleMOL Switch to invest in Heirloom, a U.S. DAC Technology Developer
TOKYO-Mitsui O.S.K. Lines announced that its wholly owned subsidiary MOL Switch LLC, which aims to invest in decarbonization technologies, became the first Japanese company to participate in Heirloom...
View ArticleVroon and KVH complete deployment of Starlink/VSAT hybrid connectivity on 58...
KVH Industries announced that, together with international shipping leader Vroon, they have completed the deployment of Starlink/VSAT hybrid connectivity aboard 58 Vroon vessels. The hybrid...
View ArticleHöegh Autoliners signs 5-year contract with major international car producer
Höegh Autoliners ASA signed a 5-year contract with a major international car producer for transport of significant volumes of cars in two of the Company’s core trade lanes. Shipments under the...
View ArticleMPA and MISC collaborate on digital maritime solutions
The Maritime and Port Authority of Singapore and MISC have signed a memorandum of understanding to strengthen collaboration in innovation, research and development and test-bedding activities, to...
View ArticlePetredec announces sale of majority stake in Carib LPG
Petredec Holdings announced the sale of its 60 per cent stake in Carib LPG Holdings, a leading LPG logistics and trading company incorporated in the British Virgin Islands, to an investor group led by...
View ArticleCMB.TECH sells three Suezmaxes
CMB.TECH NV has sold three Suezmax vessels, Selena (2007, 150,205 dwt), Cap Victor (2007, 158,853 dwt) & Cap Felix (2008, 158,765 dwt) to a wholly owned subsidiary of CMB NV at today’s market...
View ArticlePublic call launched for Malta’s first offshore wind farm project
The government has launched a public call to businesses interested in building Malta’s first offshore wind farm. The pre-qualification questionnaire, issued on Thursday, allows private companies to...
View ArticleMOL Cruises marks service debut of MITSUI OCEAN FUJI
Mitsui O.S.K. Lines announced that on December 7, MOL Group company MOL Cruises, held an event at the Tokyo International Cruise Terminal to commemorate the MITSUI OCEAN FUJI’s entry into service. The...
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