NYK establishes Ship-Management Company for Offshore Wind Power Projects in...
In December 2024, NYK jointly established Japan Offshore Support together with Akita Eisen KK. to provide ship maintenance and management services for offshore wind power projects, as well as training...
View ArticleDHT Holdings announces business update
DHT Holdings provides the following business update: “For the fourth quarter of 2024, the Company estimates time charter equivalent earnings for its fleet at $38,800 per day, comprising of $38,200 per...
View ArticleBaltic index extends decline on lower rates across vessels
The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, inched lower for a second consecutive session on Wednesday, dragged down by weaker rates...
View ArticleIron ore near two-week high on strong China data, U.S. tariff worries cap gains
Iron ore futures extended gains on Wednesday, aided by China’s better-than-expected credit data but the rise was capped by fears of escalating trade tensions after U.S. President-elect Donald Trump...
View ArticleCyprus to launch tenders for next destination of “Prometheus” FSRU
The Natural Gas Infrastructure Company is preparing bids for the next destination of the floating storage and regasification unit (FSRU) “Prometheus”, Energy Minister George Papanastasiou said on...
View ArticleHapag-Lloyd fleet reaches record 300 ships
Hapag-Lloyd has reached 300 owned and chartered vessels for the first time ever, after taking two container ship newbuilds on charter from Reederei Nord. The liner company said is a post on social...
View ArticleWuhu Shipyard partners with Chinese leasing firms
Wuhu Shipyard announced an agreement with two local financial leasing companies to collaborate on new projects with a potential value exceeding RMB30bn ($4.1bn). The deal is a major step for the...
View ArticleUS importers rush in goods from China as Trump tariff threat looms
U.S. imports from China finished the year strong after some companies stockpiled shipments of apparel, toys, furniture and electronics ahead of President-elect Donald Trump’s plan to impose new...
View ArticleTesting giants Bureau Veritas and SGS in merger talks
France’s Bureau Veritas, opens new tab and Switzerland’s SGS (SGSN.S), opens new tab are in merger talks to create a testing and certification giant worth more than $30 billion that would dwarf...
View ArticleABS, PaxOcean and PCL sign MOU to jointly develop retrofit strategies
The American Bureau of Shipping, PaxOcean, and Pacific Carriers Limited have signed a Memorandum of Understanding to collaborate on developing retrofit strategies. This partnership addresses the need...
View ArticleBaltic index down for third straight session on lower capesize, supramax rates
The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, fell for a third consecutive session on Thursday, hurt by weaker rates across the capesize...
View ArticleIron ore hits four-week high on lower shipments, softer dollar
Prices of iron ore futures climbed to a four-week high on Thursday, supported by reduced shipments from a major producer and growing expectations of further rate cuts by the Federal Reserve following...
View ArticleFirst-ever ammonia and propane co-loaded vessel completes voyage from US to...
Trafigura, a market leader in the global commodities industry, in collaboration with CF Industries, the world’s largest producer of ammonia, announced the completion of the first co-loaded ammonia and...
View ArticleRio Tinto and Glencore discussed merger but talks no longer active, source says
Glencore approached Rio Tinto late last year about combining the two big copper producers but the discussions are no longer active, a person familiar with the matter said. The talks between Rio, the...
View ArticleShipping giants Maersk and Hapag-Lloyd see no immediate return to Red Sea
Two of the world’s top shipping companies, Maersk, opens new tab and Hapag-Lloyd, opens new tab, said on Thursday they did not see an immediate return to Red Sea after the ceasefire between Hamas and...
View ArticleSkaramangas Shipyards to develop maritime innovation center
Skaramangas Shipyards is moving forward with the development of a maritime innovation center in Greece. The agreement was signed by the management and the British advanced maritime technology company...
View ArticleGreek shipowners make cautious start to 2025
Greek shipowners have made cautious moves, with sales mainly of older ships, in the first 15 days of 2025, while few purchases and new orders have been recorded. For example, Navios has sold the...
View ArticleHöegh Autoliners signs two multi-year contracts with two major international...
Höegh Autoliners has secured two long-term contracts with two major international car producers for the transport of cars in our key trade lanes. One contract lasts until April 2029, while the other...
View ArticleMaritime sources expect Houthis to halt Red Sea attacks after Gaza deal
Maritime security officials said, on Thursday, they were expecting Yemen’s Houthi fighters to announce a halt in attacks on ships in the Red Sea, after a ceasefire deal in the war in Gaza between...
View ArticleGreeks leaders in product tankers shipbuilding rally
According to an analysis by the world’s largest shipping company (BIMCO), the current year is characterized as a milestone in terms of new product tankers that will be launched, as they are expected...
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