Indonesian prosecutors arrest three Pertamina unit executives over oil imports
Indonesia’s Attorney General’s Office has arrested three executives at units of state-owned energy firm Pertamina on charges of alleged corruption related to oil imports that cost the state $12...
View ArticleNNPC Shipping, Stena Bulk and Caverton Marine launch new tanker joint venture
Nigeria’s NNPC Shipping, Stena Bulk, and Caverton Marine have formed a new joint venture that will address Nigeria and West Africa’s regional and global crude oil, refined product, and LNG shipping...
View ArticleBaltic Index hits six-week peak on stronger capesize, supramax rates
The Baltic Exchange’s dry bulk sea freight index, which measures shipping rates for vessels transporting dry bulk commodities, extended its climb to a six-week high on Tuesday, as rates across...
View ArticleIron ore declines on recovery in shipments, duties on Chinese steel
Iron ore futures prices faltered on Tuesday, weighed down by a recovery in iron ore shipments, with increasing levies and legislations on Chinese steel exports putting further pressure on sentiment....
View ArticleIntermodal Weekly Market Report [W08]
The rebounding OSV market enjoyed a strong start in 2024 hitting record highs, before easing off in the latter half of the year, with expectations being that the rates will continue to soften during...
View ArticleAsia Pacific’s first LNG bunkering for cruise passenger ships successfully...
Asia Pacific’s first LNG bunkering for cruise passenger ships was successfully completed at Singapore Cruise Centre (SCC) yesterday. As part of this pioneering operation, TotalEnergies Marine Fuels...
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 ArticleUS East Coast dockworkers ratify new six-year contract
Over 45,000 U.S. dockworkers represented by the International Longshoremen’s Association (ILA) voted to ratify a new six-year contract on Tuesday, formalizing a deal which briefly stopped work at...
View ArticleMatson announces fourth quarter and full year 2024 results; provides 2025...
Matson, a leading U.S. carrier in the Pacific, today reported net income of $128.0 million, or $3.80 per diluted share, for the quarter ended December 31, 2024. Net income for the quarter ended...
View ArticleSeacon Shipping finances second bulker newbuilding
Seacon Shipping has announced a finance lease arrangement involving its indirect wholly-owned subsidiaries. The arrangement involves the sale of a 40,000 dwt bulk carrier vessel, currently under...
View ArticleGolden Ocean delivers solid Q4 performance
Golden Ocean Group Limited, the world’s largest listed owner of large size dry bulk vessels, announced its unaudited results for the quarter ended December 31, 2024. Highlights Net income of $39.0...
View ArticleBW LPG: Major Shareholder Disclosure
Avance Gas Holding has today transferred 19,147,342 shares in BW LPG Limited to Avance Gas shareholders in relation to distribution for the fourth quarter 2024.Following the above, Avance Gas holds...
View ArticleEPS and SPDB Financial Leasing sign financing agreement for dual-fuel...
Eastern Pacific Shipping (EPS) and SPDB Financial Leasing Co., Ltd. (SPDBFL) have signed a financing agreement for two newbuild LNG dual-fuel Neo-Panamax container ships. The signing ceremony took...
View ArticleSAPURA ENERGY BERHAD secures RM3.2 billion in new contracts for tender assist...
SAPURA ENERGY BERHAD announced that its drilling arm have secured multiple contracts with a combined value of approximately RM3.2B. Sapura Drilling won two (2) contracts from PTTEP Energy Development...
View ArticleSavannah fastest growing port on U.S. East Coast
Building strong partnerships, superior connectivity, ample capacity ahead of demand and a responsible approach with communities is the “GPA way,” and sets the ports of Savannah and Brunswick apart...
View ArticleInternational Seaways delivers “another strong year of financial results”
International Seaways, one of the largest tanker companies worldwide providing energy transportation services for crude oil and petroleum products, reported results for the fourth quarter and full...
View ArticleHafnia sees decline in Q4 after strong 2024 start
Hafnia Limited, a leading product tanker company with a diversified and modern fleet of over 120 vessels, today announced results for the three and twelve months ended December 31, 2024. Highlights...
View ArticleMPC Capital reports preliminary financials FY 2024 at the upper end of the...
The investment and asset manager MPC Capital AG reports its preliminary unaudited results for the financial year 2024. With a refined strategic focus on maritime and energy infrastructure, MPC Capital...
View ArticleCMB.TECH: Strong Results Despite Slow Markets
CMB.TECH NV reported its non-audited financial results today for the fourth quarter ended 31 December 2024. HIGHLIGHTS Profit of USD 93.1 million in Q4 2024 bringing YTD profit to USD 870.8 million...
View ArticleBaltic index hits its highest level since December
The Baltic Exchange’s dry bulk sea freight index, which measures rates for vessels moving dry bulk commodities, advanced to its highest level since early December on Thursday, aided by increased...
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