USTR finds China’s shipbuilding dominance hurts US, is actionable
The U.S. Trade Representative’s office on Thursday said it has found China’s targeted dominance of the global shipbuilding, maritime and logistics sectors is “unreasonable” and is “actionable” under...
View ArticleAD Ports Group expands cooperation with Kazakh Partners
Noatum Maritime, the Maritime & Shipping arm of AD Ports Group, a leading facilitator of global trade, logistics, and industry, has strengthened its collaboration with Kazakh partners by signing...
View ArticleMarubeni and MOL Establish New Company Venture in the Nature-based Carbon...
Marubeni Corporation and Mitsui O.S.K. Lines, Ltd. announced that the two companies have entered into a shareholders agreement to jointly establish a new company, called Marubeni MOL Forests Co.,...
View ArticleCelsius Tankers places LNG order at Samsung Heavy Industries
Celsius Tankers has ordered an LNG carrier newbuilding priced at KRW 379.6bn ($261.5m) at Samsung Heavy Industries. The company is set to take delivery of the vessel (180,000 cu m) by June 2027. The...
View ArticleWood wins significant new maintenance contract with Esso Australia
John Wood Group PLC (‘Wood’) has been awarded a significant new contract to provide long-term maintenance solutions for onshore and offshore assets in the Gippsland Basin, Victoria, operated by Esso...
View ArticleOil Supertanker Rates on China Routes Double Since Sanctions
The cost to hire an oil supertanker on key routes to China has doubled since the US imposed sanctions on Russia, showing the extent to which the move has upended the global shipping market. The...
View ArticleBaltic index falls to 19-month low on weaker vessel rates
The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, hit its lowest in more than 19 months on Monday as rates dipped across all vessel...
View ArticleChina’s shipbuilding remains robust but growing capacity weighs on steel...
China’s shipbuilding remained robust in 2024, and is likely to maintain strong growth momentum in 2025, which would benefit the steel plate market. However, the plate market is set to face continued...
View ArticleBaltic index at over 1-year low as rates decline across segments
The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, fell for a sixth straight session on Tuesday to an over one-year low as rates weakened...
View ArticleBHP’s iron ore, copper output surge on mine improvements
BHP Group BHP said on Tuesday its iron ore production inched ahead in the December quarter, while its copper output surged 17% after improvements at its Escondida mine in Chile. The world’s largest...
View ArticleADNOC’s logistics arm transfers tankers to Navig8, will cut some staff after...
Abu Dhabi National Oil Company’s logistics arm has transferred its tankers to Navig8 after it bought 80% of the firm for more than $1 billion and will cut part of its workforce, the state oil giant...
View ArticleGreek Shipping Minister praises ONEX contribution to economy
Minister of Maritime Affairs and Insular Policy, Christos Stylianidis, and Deputy Minister, Stefanos Gikas paid a visit to the ONEX Shipyards. During the visit, Stylianidis emphasized the positive...
View ArticleTop shipping line MSC will keep avoiding Red Sea for now
Container liner MSC Mediterranean Shipping said it will continue to send its ships around Africa’s southern tip until further notice, a sign that any resumption to normal trade flows through the Red...
View ArticleDiana Shipping appoints Maria Dede as Co-Chief Financial Officer
Diana Shipping has appointed Ms. Maria Dede as the Company’s Co-Chief Financial Officer, effective immediately. Mr. Ioannis Zafirakis, the Company’s current Chief Financial Officer, will continue to...
View ArticleSulNOx: Nigeria patent granted for fuel oil reclamation
SulNOx has been granted a fuel oil reclamation patent in Nigeria. The licence covers SulNOx’s oil and water separation methodology. The demulsifying process uses the company’s already-patented Berol...
View ArticleBW Product Services makes estimated $14 million Q4 gross profit
BW LPG provided an update on its Product Services’ Q4 2024 segment performance. For the quarter ending 31 December 2024, BW Product Services reported an estimated gross profit of approximately USD 14...
View ArticleBaltic Index hits near two-year low on weaker rates across vessels
The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, fell to its lowest level in 23 months on Wednesday, as rates dipped across all vessel...
View ArticleDalian iron ore snaps nine-day winning streak as US tariff uncertainty weighs
Iron ore futures declined on Wednesday, weighed down by concerns that U.S. President Donald Trump could impose higher tariffs on Chinese imports. The most-traded May iron ore contract on China’s...
View ArticleAker Solutions signs long-term strategic partnership with Vår Energi
Aker Solutions enters a strategic partnership agreement to deliver maintenance and modification services on Vår Energi operated assets and projects on the Norwegian Continental Shelf (NCS). The...
View ArticlePort of Long Beach Marks 20 Years of Leading Green
The Port of Long Beach is accomplishing its environmental, operational and commercial goals and is setting its sights on even greater achievements in the years ahead, CEO Mario Cordero said Thursday...
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