Baltic index rises for sixth straight session to hit one-month peak
The Baltic Exchange’s dry bulk sea freight index, which measures shipping rates for vessels transporting dry bulk commodities, rose for the sixth straight session to hit a one-month high on Thursday,...
View ArticleIron ore gains on strong China steel consumption, short covering
Iron ore futures gained on Thursday as strong steel consumption data from top consumer China boosted sentiment, shifting investor focus to prospects of growing ore demand and spurring a wave of short...
View ArticleHMM emerges as preferred bidder for SK Shipping in high-stakes acquisition
In a significant development within the South Korean shipping industry, Hahn & Co. has selected HMM as the preferred bidder for the sale of management rights of SK Shipping. This decision was...
View ArticleVortexa unveils ‘Anywhere Freight Pricing’: The first Port-to-Port freight...
Vortexa, a leading provider of global energy and freight market analytics, has launched Anywhere Freight Pricing—the world’s first port-to-port freight pricing platform for energy trading. This...
View ArticleCOSCO (Greece): New ISO quality and environmental management certifications
COSCO Shipping Lines announced the re-certification of its Quality Management Systems – ISO 9001:2015 and Environmental Management Systems – ISO 14001:2015, as well as the receipt of the ISO...
View ArticleCiner Shipping relocates to Greece
Park Group, also known as Ciner Holding, has decided to relocate its shipping company, Ciner Shipping to Greece. The decision has been communicated to employees, and the Greek branch of the company...
View ArticleMSC, TMS Group add US$3Bn in container vessel orders at Chinese shipyard
Zhoushan Changhong International shipyard has confirmed a newbuilding deal with MSC for four (with a pair of two-vessel extension options) 21,700-TEU LNG dual-fuel container vessels. Local reports...
View ArticleOSM Thome Brasil signs full technical management deal with Shell for DP Shuttle
OSM Thome signs a full technical management deal with Shell for a Brazilian Flagged DP Shuttle. The announcement reads: “For several years, the OSM Thome Brasil office has pursued the goal of securing...
View ArticleOSM Thome welcomes new institutional investors
OSM Thome announced that institutional investors advised by J.P. Morgan Asset Management’s Global Transportation Group will acquire a stake in global ship management company OSM Thome, subject to...
View ArticleEgypt says dozens of ships return to Suez Canal after ceasefire
Egypt’s Suez Canal Authority said 47 ships have rerouted to use the waterway since the start of February, a tentative recovery after a ceasefire between Israel and Hamas prompted Yemeni rebels to...
View ArticleRussia signs memorandum to build port in Myanmar
Myanmar and its close ally Russia signed a memorandum on investment cooperation in a special economic zone in Dawei, including construction of a port and an oil refinery, Russia’s Ministry of Economic...
View ArticleOffer by LeondisPort for Thessaloniki Port fails to reach 21%
LeonidsPort was able to only acquire 260,420 shares, or 2.58% of the port authority’s total share capital Α voluntary tender offer by the newly created Netherlands-based LeonidsPort B.V., controlled...
View ArticleIMO progresses talks on greenhouse gas reduction from shipping
International efforts to curb greenhouse gas emissions from shipping took a step forward as the IMO’s Intersessional Working Group on Reduction of GHG Emissions from Ships concluded its latest round...
View ArticleBaltic Index extends gains to over one-month high on strong vessel rates
The Baltic Exchange’s dry bulk sea freight index, which measures shipping rates for vessels transporting dry bulk commodities, rose for an eighth straight session to hit a more-than-one-month high on...
View ArticleIron ore snaps four-day rise due to more duties on Chinese steel
Dalian iron ore futures prices snapped a four-day winning streak on Monday as increasing levies on Chinese steel dampened demand prospects for the key steelmaking ingredient, though decreasing...
View ArticleUSTR proposes charging Chinese ships up to $1.5 million to enter US ports
The U.S. Trade Representative’s office has proposed charging up to $1.5 million for Chinese-built vessels entering U.S. ports as part of its investigation into China’s growing domination of the global...
View ArticleUK announces largest sanctions package against Russia since 2022
Three years on from President Putin’s full-scale invasion of Ukraine, the UK has imposed over 100 new sanctions directly targeting those who continue to aid the invasion. 107 new sanctions announced...
View ArticleDrewry: Container Port Throughput Index retreated in December
The Drewry Container Port Throughput Indices are a series of calendar adjusted volume growth/decline indices based on monthly throughput data for a sample of over 340 ports worldwide, representing...
View ArticleCostamare “setting sail” for new investments
The listed shipping company Costamare is planning to renew its privately owned fleet of dry bulk carriers and increase its average size, as the company reveals in its annual report published for 2024....
View ArticleWilh. Wilhelmsen initiating offer to buy back own shares
With reference to the authorization given by the Annual General Meeting of Wilh. Wilhelmsen Holding ASA on 2 May 2024 for the Board of Directors to acquire up to 10% of outstanding shares in the...
View Article