ZITON adds another jack-up vessel to the fleet
ZITON added another jack-up vessel, WIND DISCOVERY, to the fleet, which has been registered in the Danish International Register of Shipping. The fleet of ZITON operated WIND-vessels now includes six...
View ArticleMOL CEO presents transformation plan with eye on 2035
MOL President & CEO Takeshi Hashimoto delivered the following “2025 New Year Message” to all MOL Group officers and employees on January 7. Looking Back at 2024 Reflecting on our group’s...
View ArticleChina’s biggest shipping line added to US military blacklist
The US has blacklisted China’s largest shipping line and two shipbuilders over alleged links with the People’s Liberation Army, as Washington turns its attention to the country’s massive maritime...
View ArticleBaltic index extends losses on lower capesize, supramax rates
The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, extended declines on Tuesday, hurt by falling rates across the capesize and supramax...
View ArticleIron ore hits 7-week lows on rising China stockpile, stimulus disappointment
Iron ore futures hit seven-week lows on Tuesday, weighed down by rising stocks of the steelmaking ingredient and disappointment over a lack of further monetary stimulus in top consumer China. The...
View ArticleNavigator Holdings completes expansion of ethylene export terminal and...
Navigator Holdings, the owner and operator of the world’s largest fleet of handysize liquefied gas carriers, announces the completion of the expansion of its existing ethylene export terminal joint...
View ArticleDP World hits 100 million TEU capacity milestone
DP World has achieved a historic milestone, surpassing 100 million TEUs of container handling capacity across its global portfolio since inception. The achievement is a testament to over $11 billion...
View ArticleDP World partners with Gemini Cooperation to strengthen Canadian cargo...
DP World, a global leader in logistics and supply chain solutions, announces a new partnership with the Gemini Cooperation to enhance cargo operations throughout Canada. Beginning in February 2025, DP...
View ArticleEU’s cleaner marine fuel rules are inflationary – shipbrokers
EU regulation focused on cutting the shipping industry’s carbon emissions in as many years. Shipping transports over 80% of all traded goods and causes nearly 3% of greenhouse gas emissions. The...
View ArticleHD KSOE Set to Deliver 139 Ships This Year
HD Korea Shipbuilding & Offshore Engineering (HD KSOE) is set to commence the delivery of liquefied natural gas (LNG) carriers on the 6th, marking a significant milestone in the company’s...
View ArticleFrontline CEO: UN maritime body not doing enough on unregulated ships
The head of oil tanker operator Frontline (NYSE:FRO) said the United Nations body that sets maritime rules was “sleeping behind the wheel” over an increasing fleet of unregulated ships, the Financial...
View ArticleVan Oord celebrates delivery of offshore installation vessel Boreas
The brand new offshore installation vessel Boreas has successfully been handed over to Van Oord during a festive ceremony at the Yantai CIMC Raffles Offshore Ltd. shipyard in China. After an intensive...
View ArticleMonjasa completes United Arab Emirates’ first LNG bunkering with Costa Cruises
Global top 10 marine fuels supplier, Monjasa, is pleased to announce the United Arab Emirates’ and the Middle East region’s first LNG bunkering, which took place on 4 January 2025 at Dubai Harbour...
View ArticleDeepOcean adds Orient Adventurer to its advanced subsea fleet
Ocean services provider DeepOcean has signed a charter contract for the high-spec subsea vessel Orient Adventurer. The new capacity aligns seamlessly with the company’s service offerings and subsea...
View ArticleBaltic index rises, buoyed by capesize segment
The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, rose on Thursday, supported by higher capesize rates. The index, which factors in rates...
View ArticleDalian iron ore rebounds on Chinese stimulus, growing seasonal stockpiles
Dalian iron ore futures prices snapped a four-day losing streak on Thursday, aided by China’s latest stimulus measure and accelerated purchases by steel mills. The most-traded May iron ore contract on...
View ArticleWest fully acquires Nordic Marine Insurance
West announced the full acquisition of Nordic Marine Insurance, a leading provider of fixed premium insurance for the marine industry, specialising in Delay Insurance, Primary Loss of Earnings, Hull...
View ArticleProsafe signs Safe Zephyrus contract extension with Petrobras
Prosafe has signed a contract extension with Petróleo Brasileiro for the provision of the Safe Zephyrus semi-submersible vessel for safety and maintenance support offshore Brazil.The original 650-day...
View ArticleMOL signs MOU to develop green corridor connecting Portugal to Northern Europe
Mitsui O.S.K. Lines announced the signing of a memorandum of understanding to develop a green corridor connecting Portugal to Northern Europe with Madoqua Renewables Holding and other global leaders....
View ArticleSubsea7 awarded contract offshore Norway
Subsea7 announced the award of a contract by Equinor for a front-end engineering and design (FEED) study with EPCI1 option for the Fram Sør development project, offshore Norway. The study will...
View Article