Greeks dominate in tanker orders
Οne in four orders for tankers in 2024 came from Greek companies, according to data from Veson Nautical, with Greek shipowners ranking first in energy product carriers. In particular, a record number...
View ArticlePanama drops China’s Belt and road in Nod to U.S. pressure
U.S. Secretary of State Marco Rubio on Monday welcomed Panama’s decision to let its participation in China’s global infrastructure plan expire, calling the move “a great step forward” for its ties...
View ArticleCelestyal enhances current campaign with added free cabin upgrade
Celestyal is bringing even more love to its ‘Live Your Vacation Dream’ promotion, offering a free cabin upgrade on select departures in 2025 through to 2027. The upgrade has been added to 44 of...
View ArticleUltranav starts trial with Signol to minimise CO2 emissions
Ultranav is launching a 6-month trial with Signol – a behaviour change service designed to encourage fuel-saving practices among crew members. Even small adjustments in daily operations can contribute...
View ArticleTMS Group orders up to 10 containerships
According to market sources, TMS Group has placed an order for the construction of up to ten LNG dual-fuelled containerships (11,400 TEU) at Zhoushan Changhong International Shipyard. Delivery is...
View ArticleBaltic index extends gain as panamax, supramax rates firm
The Baltic Exchange’s dry bulk sea freight index, which measures shipping rates for vessels transporting dry bulk commodities, rose for the third consecutive session on Tuesday, supported by gains in...
View ArticleIntermodal Weekly Market Report [W05]
The LNG shipping sector has entered 2025 under pressure, amid challenging market fundamentals and significant geopolitical developments. U.S. energy and trade policies, the evolving situation in the...
View ArticleWALLENIUS SOL acquires Mann Lines
The WALLENIUS SOL has acquired British Mann Lines. This strategic move will enable us to offer a broader range of solutions tailored to customer needs. By combining our strengths, we will achieve...
View ArticleK Line presents CEO succession plan
Kawasaki Kisen Kaisha announced that at the meeting of the Board of Directors that was held on Tuesday, the candidates for Executive Officers and changes in Corporate Officer positions were decided as...
View ArticleFlex LNG delivers “stellar financial performance” in fourth quarter
Flex LNG announced its unaudited financial results for the three months and year ended December 31, 2024. Highlights: * Vessel operating revenues of $90.9 million for the fourth quarter 2024, compared...
View ArticleDOF Group ASA – Two subsea service contract awards in the APAC region
DOF Group ASA announced two subsea contract awards for offshore execution in 2025 in the APAC region.The first of the recent subsea service contracts secured in the APAC region will utilise the DSV...
View ArticleNoble Corporation plc announces fleet retirements
Noble Corporation plc announced plans to divest the cold stacked drillships Pacific Meltem and Pacific Scirocco in order to eliminate costs related to these units and prioritize resources on the...
View ArticleCorvus ESS will power the world’s first fully electric Offshore Vessel
Corvus Energy, the leading supplier of zero emission solutions for the offshore and marine industry, is proud to announce that it will deliver a mega-size battery system for the first fully electric...
View ArticleCruise season begins as 1st ship arrives at Thessaloniki port
The cruise season has begun at the port of Thessaloniki with the arrival of the cruise ship “Celebrity Infinity” of Celebrity Cruises, a subsidiary of the Royal Caribbean group. The first cruise ship...
View ArticleBaltic Index rises as panamax, supramax segments log gains
The Baltic Exchange’s dry bulk sea freight index, which measures shipping rates for vessels transporting dry bulk commodities, rose for the fourth consecutive session on Wednesday, buoyed by rising...
View ArticleIron ore dips on Sino-US tariff concerns, shipping snags limit fall
Iron ore futures fell on Wednesday, as investors fretted over trade tensions between the U.S. and top consumer China, although shipping snags in Western Australia cushioned the decline. The...
View ArticleNavig8 expands tanker pool
Navig8 will see two tankers join its Eco MR Pool, namely the Cape Andiamo and Cape Avanti, with a 50,502-dwt were build in 2024 by Jiangsu Yiangzijiang yard. The vessel Cape Andiamo was delivered in...
View ArticleMærsk initiates share buy-back program
A.P. Møller – Mærsk A/S decided to initiate a share buy-back program of up to DKK 14.4 billion (around USD 2 billion) to be executed over a period of 12 months. The first phase of the share buy-back...
View ArticleDHT Holdings posts $181.5 million net profit in 2024
DHT Holdings announced its results for the quarter ended December 31, 2024. dht-q4-2024-financial-reportThe post DHT Holdings posts $181.5 million net profit in 2024 appeared first on Shipping Herald.
View ArticleBaltic Exchange enters the chemical tanker market with new chemical and...
Baltic Exchange has launched a new series of chemical and agricultural oil assessments in order to meet the evolving needs of the maritime freight market and bring its renowned expertise and...
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