Iron ore rebounds as China stimulus hopes outweigh weak fundamentals
Prices of iron ore futures rebounded on Monday, as a revival of hopes for monetary easing in top consumer China outweighed faltering near-term demand and bleak property data that had sent prices to...
View ArticleUS hits North Korea and Russia with new sanctions, Treasury says
The United States hit North Korea and Russia on Monday with new sanctions targeting Pyongyang’s financial and military support to Moscow as well as its ballistic missile program. The sanctions, which...
View ArticleChina’s Wuyang Tanker orders two LNG bunkering vessels
Chinese shipping company Fuzhou Wuyang Refined Oil Trading has placed an order for a new LNG bunkering and supply vessel to be built by Nantong CIMC Sinopacific Offshore and Engineering. The...
View ArticleNEOS Energy to acquire oil and gas assets in US Gulf of Mexico
INEOS Energy announced the acquisition of the Gulf of Mexico business held by CNOOC Energy Holdings, a U.S. subsidiary of CNOOC International Limited. The deal increases INEOS Energy’s production...
View ArticleHD Hyundai’s Avikus supplies autonomous navigation solutions to a large fleet...
Avikus, HD Hyundai’s specialized Autonomous Navigation Technology subsidiary, has successfully secured a landmark order for its cutting-edge autonomous navigation solutions, HiNAS Control, marking a...
View ArticleBaltic index retreats on lower rates across all vessel segments
The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, retreated on Tuesday rates dippedacross all vessel segments. The index, which factors in...
View ArticleIntermodal Weekly Market Report [W50]
After over two decades of negotiations, the European Union and the Southern Common Market (or Mercosur as per the Spanish abbreviation), an agreement was concluded and announced by European Commission...
View ArticleBritain imposes sanctions on trading firm, ‘shadow fleet’ over Russian oil
Britain sanctioned 20 ships on Tuesday for allegedly carrying illicit Russian oil, its latest measures targeting Russia’s so-called shadow fleet in response to the 2022 invasion of Ukraine. The...
View ArticleChina Merchants inks USD 100 million lease deal for two bulk carrier...
China Merchants Energy Shipping (CMES) is leasing two Newcastlemax bulk carriers on a 5-year charter at the cost of USD 100 million from sister company China Merchants Commerce Financial Leasing....
View ArticlePort of Long Beach achieves busiest November
Buoyed by six straight months of historic volumes, the Port of Long Beach is on course to reach 9.6 million cargo containers by the end of 2024 without congestion or other disruption and exceeding the...
View ArticleBaltic index hits 17-month low 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 Wednesday, hitting its lowest level in nearly 17 months, as rates dipped across...
View ArticleIron ore slips as supply worries ease, demand slows
Iron ore futures prices slipped on Wednesday, as supply concerns eased and demand slowed marginally due to maintenance of more furnaces by steelmakers in top consumer China. The most-traded May iron...
View ArticleNew International Chamber of Shipping Secretary General announced
At a special meeting of the board, held on-line, the International Chamber of Shipping have unanimously appointed Thomas A. Kazakos as its next Secretary General. Kazakos will replace Guy Platten who...
View ArticleSeadrill announces Brazil contract award for West Tellus
Seadrill Limited announced the ultra-deepwater drillship, West Tellus, was awarded a 1,095-day contract for the Sépia and Atapu fields in the Santos Basin, offshore Brazil, following a competitive...
View ArticleFSL Trust completes disposal of one product tanker
The Board of Directors of FSL Trust Management, as trustee-manager of First Ship Lease Trust, refers to its announcement dated 16 December 2024 and further announces that the disposal of the vessel...
View ArticleGolden Ocean Group buys back shares
Reference is made to the stock announcement on October 2, 2024, where Golden Ocean Group Limited announced the renewal of its share buy-back program of maximum USD 100 million to purchase up to an...
View ArticleBaltic index extends losses on weaker capesize, supramax rates
The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, extended losses to a 17-month low on Thursday, dragged down by weaker rates across...
View ArticleIron ore hits near 1-month low on China concerns, Fed outlook
Iron ore futures prices fell on Thursday to their lowest in nearly a month, as concerns about demand prospects in top consumer China and the U.S. Federal Reserve’s outlook for interest rate cuts next...
View ArticleAgreement to launch recommended voluntary cash offer of NOK 20.50 per share...
The board of directors of Belships ASA announced that an agreement has been reached with Blue Northern BLK for the launch by the Offeror, subject to certain conditions, of a recommended voluntary cash...
View ArticleResorts World Cruises announces fleet expansion with Star Scorpio’s first...
Resorts World Cruises announced the 1,800- passenger 78,000 gross ton Star Scorpio as the third cruise ship to join Resorts World Cruises – “The Cruise Line that Knows Asia Best”. Star Scorpio will...
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