Fincantieri secures Norwegian Cruise Line Holdings four-cruise-ship order
Fincantieri announced that the Letter of Intent signed with Norwegian Cruise Line Holdings and announced on April 8, 2024 has been transformed into a firm order for the construction of four new cruise...
View ArticleContinued losses for the Greek registry
The Greek registry is steadily losing strength, especially when it comes to ocean-going ships. The Greek-flagged fleet shrank slowly but steadily in November, both in comparison to November 2023 and...
View ArticleBaltic index rises for fifth straight session on stronger panamax, supramax...
The Baltic Exchange’s dry bulk sea freight index, which measures shipping rates for vessels transporting dry bulk commodities, rose for the fifth straight session on Thursday, boosted by gains in...
View ArticleIron ore pares losses on Australia supply worries, softer US dollar
Iron ore futures clawed back higher on Thursday, supported by a softer dollar and Australia supply snags, while investors looked for fresh developments surrounding the trade war between the United...
View ArticleSphinx extends Performance Shipping takeover offer
Sphinx Investment announced that it has extended the expiration date of its previously announced offer to purchase all of the issued and outstanding common shares, par value $0.01 per share, of...
View ArticleNorden takes profit hit in challenging year
NORDEN delivered a solid result with a net profit of USD 163 million (DKK ~1.2 bn) and a return on invested capital of 14% in 2024. NORDEN’s net profit for Q4 2024 was USD 30 million despite continued...
View ArticleAD Ports, CMA CGM to develop multipurpose terminal in Congo
AD Ports Group, an enabler of integrated trade, transport and logistics, signed a shareholders’ agreement with the CMA CGM Group, a global player in sea, land, air, and logistics solutions, through...
View ArticleMaersk reports third-best financial year
A.P. Moller – Maersk reports strong financial results for 2024 with growth across all segments and significantly improved profitability with EBIT increasing 65% to USD 6.5 billion. Results were driven...
View ArticleHapag-Lloyd concludes green financing of its 24 new container ships
Hapag-Lloyd will use green financings for the 24 large container ships it ordered in October 2024. The newbuildings will have a combined capacity of 312,000 TEU and involve a combined investment...
View ArticleUnion of Greek Shipowners welcomes the “Competitiveness Compass”
The presentation of the “Competitiveness Compass” by the President of the European Commission, Ursula von der Leyen, and the highlighting of the vital role of shipping for the economic resilience and...
View ArticleNon-Iranian ammonia shipment moves north through the Red Sea; seen as “good...
A shipment of ammonia not linked to Iranian suppliers has passed through the Bab Al-Mandab Strait and into the Red Sea for the first time since December 2023, delivering Omani ammonia to Jordan,...
View ArticleSEEDS Capital appoints 20 new partners to catalyse at least S$300 million of...
SEEDS Capital, the investment arm of Enterprise Singapore (EnterpriseSG), has appointed 20 new local and global partners to co-invest in innovative Singapore-based deep tech startups. Under the...
View ArticleLouis Dreyfus Armateurs’ subsidiary, LD Tide, to supply CTV for EMYN offshore...
Louis Dreyfus Armateurs’ subsidiary, LD Tide, has been awarded a contract to supply a Crew Transfer Vessel (CTV) for the Éoliennes en Mer des Îles d’Yeu et de Noirmoutier (EMYN) offshore wind farm....
View ArticleFMC approves operation of Premier Alliance
The US Federal Maritime Commission has announced that the Premier Alliance Agreement can take effect on February 9, 2025. The Premier Alliance is replacing THE Alliance, but does not include...
View ArticleKorea surpasses China in January ship orders, securing 62% of global market...
South Korea has outpaced China to secure the highest volume of ship orders in January, according to a report by Clarkson Research, a British shipbuilding and shipping market analysis firm. The report,...
View ArticleNordic Chartering welcomes Hacklin onboard
Oy Hacklin expands its scope of business in the logistics sector with the acquisition of a considerable stake in the Finnish short sea operator Oy Nordic Chartering Ab. This will create a strong...
View ArticleBaltic index falls as larger vessel rates dip
The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, retreated on Monday due to weaker larger vessel rates. The index, which factors in rates...
View ArticleIron ore at multi-month high as improving fundamentals outweigh Trump tariff...
Iron ore futures gained on Monday as earlier losses triggered by U.S. President Donald Trump’s latest tariff threats were countered by signs of recovering demand in top consumer China and falling...
View ArticleA.P. Moller Capital invests in Spanish ports group
A.P. Moller Capital announced new partnership with Bergé y Compañía to grow BERGÉ into a leading ports infrastructure company in Iberia and Latin America. Founded in Spain over 150 years ago, BERGÉ is...
View ArticleGTT, COSCO SHIPPING LNG Investment and COSCO SHIPPING Heavy Industry sign a...
GTT, COSCO SHIPPING LNG Investment (Shanghai) Co., LTD. (CSLNG) and COSCO SHIPPING Heavy Industry Co., LTD. (CHI), have signed a cooperation agreement. This is the first agreement with CSLNG, which...
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