Stolt-Nielsen sees operating profit drop in Q4
Stolt-Nielsen reported unaudited results for the fourth quarter and full year ended November 30, 2024. The Company reported a fourth-quarter net profit of $91.4 million with revenue of $709.4 million,...
View ArticleStena Drilling wins drillship contract in Suriname
Stena Drilling announced the award of a 1- Exploration Well Firm Managed Pressure Drilling contract for the Stena DrillMAX in Suriname with TOTALENERGIES EP SURINAME B.V. The programme, which is...
View ArticleBaltic index extends fall as rates for capesize, supramax dip
The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, extended losses for the thirteenth straight session on Thursday, pressured by a dip in...
View ArticleChina’s iron ore and coal imports ease in January, but prices diverge
China’s imports of iron ore and seaborne coal are on track for a soft start to the year, with January arrivals declining to multi-month lows. However, the price trends for the two key bulk commodities...
View ArticleMOL takes delivery of eco-friendly multi-purpose vessel
Mitsui O.S.K. Lines has taken delivery of the Prima Verde, a multi-purpose vessel that possesses several eco-friendly technologies. Delivered on January 30, 2025, the vessel is the world’s first to...
View ArticleDeepOcean awarded offshore wind survey contract
Ocean services provider DeepOcean has been awarded a subsea survey contract on the Bałtyk 2 and 3 offshore wind developments in Poland which are jointly developed by Equinor and Polenergia. Polish...
View ArticleAnnual figures for Port of Antwerp-Bruges show growth despite challenging times
Port of Antwerp-Bruges will close 2024 with 2.3% growth in total throughput, amounting to 278 million tons. Despite geopolitical tensions and economic uncertainties, the port is showing resilience,...
View ArticleGreece and the UK sign MoU on merchant shipping
Minister of Maritime Affairs and Insular Policy Christos Stylianides met with the Secretary-General of the IMO Arsenio Dominguez in London. During the meeting, they discussed the challenges related to...
View ArticleRussia’s Yamal LNG acquires new tanker
Russia’s liquefied natural gas plant Yamal LNG, led by Novatek, has acquired a new gas carrier for ship-to-ship operations near the Arctic port of Murmansk, ship-tracking LSEG data showed on Thursday....
View ArticleDorian LPG announces third quarter fiscal year 2025 financial results
Dorian LPG, a leading owner and operator of modern very large gas carriers, reported its financial results for the three months ended December 31, 2024. Key Recent Development Declared an irregular...
View ArticleBAHRI reports Q4 & full year 2024 results with record revenue and net profit
The National Shipping Company of Saudi Arabia, the Kingdom’s leading shipping and logistics provider, announced its financial results for the fourth quarter and full year 2024 showing an 18% and a 34%...
View ArticleTTA successfully completes new bond issuance worth 800 million baht,...
Thoresen Thai Agencies Public Company announced the successful completion of its latest bond issuance, totaling 800 million baht. The strong investor response reflects confidence in TTA’s performance....
View ArticleRasmus Errboe is appointed CEO of Ørsted replacing Mads Nipper who steps down...
Ørsted’s Board of Directors has appointed Rasmus Errboe, current Deputy CEO and Chief Commercial Officer, as new Group President and CEO of the company replacing Mads Nipper who will step down from...
View ArticleDEME secures contracts for Nordlicht 1 and 2 offshore wind farms in Germany
DEME has been awarded two contracts 1 for the transport and installation of 112 foundations at the Nordlicht 1 and 2 offshore wind farms in Germany. Additionally, DEME also secured the contract for...
View ArticleGreece’s tourism ports on alert after seismic activity
Greek authorities have warned of an increase in seismic activity around the Aegean tourist island of Santorini, advising people to avoid four ports, empty their pools, refrain from gathering in indoor...
View ArticleBaltic Index ticks higher as panamax rates climb
The Baltic Exchange’s dry bulk sea freight index, which measures shipping rates for vessels transporting dry bulk commodities, edged higher on Monday, buoyed by gains in the panamax vessel segment....
View ArticleSeaspan Energy concludes first Ship-to-Ship LNG bunkering in Canada
Seaspan Energy has successfully completed its first ship-to-ship LNG bunkering operation in Canada, marking a significant milestone for the company and the country’s maritime industry. The operation...
View ArticleONE and LX Pantos announce joint venture to strengthen US domestic intermodal...
Ocean Network Express and LX Pantos announced the successful completion of their joint venture, Boxlinks LLC. This strategic partnership will leverage the combined strengths of ONE and LX Pantos to...
View ArticleMSC launches iReefer, the most advanced container monitoring system for...
MSC Mediterranean Shipping Company has just launched iReefer, the most advanced container monitoring system for reefer cargo. This solution allows customers to track and monitor their...
View ArticleCadeler locks in first contracts for newbuild vessel Wind Mover
Cadeler has signed two contracts with undisclosed clients for the utilisation of its newbuild wind installation vessel, Wind Mover, starting immediately upon delivery. Cadeler signed two contracts...
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