COSCO Shipping announces major partnership for 10 new bulk carriers
On December 19, COSCO Shipping partnered with Everbright Financial Leasing and Jiangsu Hantong Shipbuilding in Nantong to sign agreements for the construction and long-term leasing of 10 new...
View ArticleBW LPG: Kristian Sorensen boosts shareholding
Kristian Sørensen, Chief Executive Officer has purchased 1,000 shares in BW LPG Limited on 19 December 2024 at a price of NOK 115 per share. Following this transaction, Mr Sørensen holds 6,000 shares...
View ArticleGuy Hindley appointed new Baltic Exchange Chairman
Guy Hindley has been appointed as the new Chairman of the Baltic Exchange Council, with effect from 1 January 2025, following the leadership of Lord Jeffrey Mountevans who has held the position for...
View ArticleSebastian von Hardenberg appointed as new CEO of BSM
Effective 1 January 2025, Ian Beveridge will hand over the executive management of Bernhard Schulte Shipmanagement to BSM’s Chief Financial Officer Sebastian von Hardenberg. Beveridge will remain CEO...
View ArticleHJ Heavy Industries secures design approval for 88,000㎥ VLAC
HJ Heavy Industries announced on the 30th that it has obtained approval for the design concept for an 88,000㎥ super-large eco-friendly ammonia carrier (VLAC) at Lloyd’s Shipment in the UK.HJ Heavy...
View ArticleSubsea7 awarded contract offshore Türkiye
Subsea7 announced the award of a sizeable1 contract by Turkish Petroleum Offshore Technology Center AS (TP-OTC) to provide inspection, repair and maintenance services for the Sakarya gas field...
View ArticleBW LPG completes the acquisition of 12 VLGCs from Avance Gas
With reference to the stock exchange announcement on 15 August 2024 for the acquisition of 12 modern Very Large Gas Carriers from Avance Gas Holdings, BW LPG Limited has taken delivery of vessel BW...
View ArticleTEMIS supports Saipem’s Neptun Deep Gas Development Project in the Black Sea
TEMIS has been awarded a contract to support Saipem’s Neptun Deep Gas Development Project, located in the Black Sea off the coast of Romania. This contract represents a significant opportunity to...
View ArticleBaltic index rises on gains in larger vessel segments
The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, rose on Thursday, supported by gains in larger vessel segments. The index, which factors...
View ArticleIron ore consolidates as market awaits more cues in the new year
Iron ore future prices were rangebound on Thursday as market participants await more cues on the trading outlook in the new year after mixed signals in top consumer China clouded direction. The...
View ArticleEquinor secures $3 bln financing for U.S. Empire Wind 1
Equinor’s Empire Wind 1 project in the US has now secured a project financing package of over USD 3 billion. Financial close was reached at the end of December 2024. Empire Wind 1 will power 500,000...
View ArticleCrowley acquires Main Line, expanding harbor services with mooring capabilities
Crowley announced that it has expanded its harbor services capabilities through the acquisition of Main Line, a vessel mooring company based in Seattle, effective Jan. 1. The addition of Main Line...
View ArticleVantage Drilling announces creation of TotalEnergies and Vantage JV entity
Vantage Drilling International announced the creation of the JV entity with TotalEnergies, TEVA Ship Charter LLC in line with the MOU terms described in previous announcements. Subsequent to the...
View ArticleLila Global appoints strategy and innovation leader
Dry cargo shipping and logistics company Lila Global has appointed Dr. Abdul Rahim as its Chief Maritime Strategy and Innovation Officer. Rahim will work closely with Lila Global’s leadership to drive...
View ArticleChinese shipyard delivers 114,000-ton oil tanker to a Greek shipping company
The Shanghai Waigaoqiao Shipbuilding Corporation (SWS) under China State Shipbuilding Corporation (CSSC) delivered a 114,000-ton oil tanker to a Greek shipping company Thursday, marking the first new...
View ArticleBoskalis announces new 45,500 MT subsea rock installation vessel
Royal Boskalis announced the latest addition to its versatile fleet: a groundbreaking subsea rock installation (SRI) vessel with a cargo capacity of 45,500 metric tons. This state-of-the-art vessel...
View ArticleFour evacuated from drifting Greek bulker after engine room fire
Taiwan’s coast guard has rescued four injured survivors from a bulker that caught fire off the coast of Kaohsiung, including one seafarer who needed treatment for serious burns. At about 1700 hours on...
View ArticleBerge Bulk & BHP launch iron ore voyages using 100% biodiesel
Berge Bulk and BHP have joined forces to pioneer an iron ore voyage from Australia to China powered entirely by B100 biodiesel. The Berge Lyngor, a 206,330 DWT Newcastlemax bulk carrier, is delivering...
View ArticlePangaea Logistics Solutions completes merger and fleet combination
Pangaea Logistics Solutions, a global provider of comprehensive maritime logistics solutions, announced that it has completed its previously announced combination of its existing dry-bulk fleet with...
View ArticleVard explores advanced nuclear propulsion in shipping
VARD is collaborating with the Norwegian University of Science and Technology in Ålesund, Norway and other key stakeholders in the groundbreaking NuProShip I project, which explores nuclear propulsion...
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