Penta-Ocean to build world’s largest and most advanced CLV
Penta-Ocean Construction and Fuyo General Lease announced that they will jointly own two large work vessels for use in offshore wind construction: a heavy lift vessel and a cable laying vessel. “The...
View ArticleGolar LNG announces sale of shareholding in Avenir
Golar LNG Limited has entered into a share purchase agreement for the sale of all its shares in Avenir LNG Limited to Stolt-Nielsen Gas for a total consideration of approximately USD 40 million. The...
View Articled’Amico announces the exercise of its purchase option on MT Cielo Di Houston
d’Amico International Shipping, an international marine transportation company operating in the product tanker market, announces that its operating subsidiary d’Amico Tankers D.A.C. exercised its...
View ArticleNYK positions CDR as measure to reduce scope 1 emissions
The NYK Group issued a position paper positioning carbon dioxide removal (“CDR”) as a means to reduce Scope 1 emissions. In November 2023, the Group released its decarbonization strategy, the NYK...
View ArticleCMB.TECH NV announces vessel sales for 46.52 million
CMB.TECH NV has sold different vessels, generating a capital gain of 46.52 million USD in total. Euronav CMB.TECH has sold the Suezmax Cap Lara (2007, 158,826 dwt). The sale will generate a capital...
View ArticleBaltic index hits near two-year low on weaker rates across vessel segments
The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, extended its losses to a nearly two-year low on Tuesday, pressured by a dip in rates...
View ArticleIntermodal Weekly Market Report [W04]
Building on our previous report, in which we analyzed the projected bulk carrier deliveries for 2025, and considering the current downturn in the freight market, an increase in demolition activity...
View ArticleArriva Shipping orders dry cargo vessel
Arriva Shipping has announced it has entered into an agreement with Chinese shipyard Jiangsu SOHO Marine Heavy Industry Co. to construct a new battery hybrid dry cargo vessel. The 8,000 dwt vessel,...
View ArticleBahri and Petredec build strategic alliance to meet Saudi Arabia’s growing...
Bahri and Petredec have agreed to form a strategic partnership aimed at addressing Saudi Arabia’s increasing LPG and ammonia shipping demands. The two companies, both leaders in their respective...
View ArticleNakilat reports QR1.64bn net profit in 2024; suggests 14% total dividend
Qatar Gas Transport Company announced its financial results for the year ended 31 December 2024. The group continues to demonstrate robust financial performance, with a net profit of QAR 1.64 billion,...
View ArticlePort of Savannah achieves 11.4 percent growth, Port of Brunswick up 7.5 percent
The Georgia Ports Authority handled more than 2.8 million TEUs in fiscal year-to-date 2025 (July 1 – Dec. 31), an increase of 11.4 percent or nearly 300,000 TEUs in the Port of Savannah. In December,...
View ArticleRoyal Caribbean eyes strong 2025 profit on robust cruise travel demand
Royal Caribbean said on Tuesday that 2025 was shaping up “to be another great year,” with a near 23% jump expected in adjusted earnings, as it benefits from higher bookings at record prices and new...
View ArticleThe strategy for making the Greek flag more appealing to shipowners
The strategy for bolstering the Greek flag to make it appealing to Greek shipowners was described by the chairman of the Greek Shipping Cooperation Committee in London, Charalambos Fafalios. At the...
View ArticleBaltic index falls to 23-month low as capesize and supramax rates dip
The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, extended its losses to a nearly two-year low on Wednesday, pressured by a dip in rates...
View ArticleVale posts highest annual iron ore output since 2018 despite fourth-quarter...
Brazilian miner Vale posted on Tuesday its highest annual iron ore production since 2018, even after a decline in output in the fourth quarter when the company prioritized higher-margin products. One...
View ArticleCelebrity Cruises to launch river cruises in 2027
Celebrity Cruises has announced plans to enter the river cruise market in 2027, launching Celebrity River Cruises with 10 new ships. Bookings will open later this year. Parent company Royal Caribbean...
View Articled’Amico Tankers Signs Charter Deals for Five Vessels
d’Amico International Shipping has, through its subsidiary d’Amico Tankers D.A.C. (Ireland), signed time charter agreements for five vessels. The new time charter agreements are for four Handysize...
View ArticleCelestyal extends inaugural Arabian Gulf season
Due to overwhelming demand for its inaugural Arabian Gulf season, Celestyal has announced an additional ‘Desert Days’ sailing. This new voyage – departing from Dubai on March 3, 2025 – will add 10%...
View ArticleNordea shows strength & resilience in 2024 financial results
Nordea presented fourth-quarter and full year results 2024. Continued income growth. Total income was up 1%. Net interest income was down 5% following policy rate reductions. Net fee and commission...
View ArticleHapag Lloyd posts stronger fourth-quarter earnings
Hapag-Lloyd published preliminary business figures for 2024. EBITDA and EBIT slightly higher than in 2023 Transport volume up 5%, to 12.5 million TEU Average freight rate at prior-year level On the...
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