Iron ore dips on Chinese export woes, but resilient demand limits losses
Iron ore futures prices closed lower on Thursday, pressured by escalating tariff measures against Chinese steel, though solid demand for the steel-making ingredient in top consumer China cushioned the...
View ArticleGolar LNG Limited Preliminary fourth quarter and financial year 2024 results
Golar LNG Limited Preliminary fourth quarter and financial year 2024 results Maintained her market leading operational track record and exceeded her contracted 2024 production volume resulting in the...
View ArticlePorts of Rotterdam and Antwerp-Bruges call for swift implementation of Clean...
Port of Rotterdam and Port of Antwerp-Bruges welcome the Clean Industrial Deal, through which the European Commission intends to strengthen the competitiveness of European industry. The ports support...
View ArticleKfW IPEX-Bank financing Carisbrooke Shipping’s diesel-electric general cargo...
Germany’s KfW IPEX-Bank has announced its support for Carisbrooke Shipping’s fleet modernisation programme with a financing of around €26 million, backed by Dutch export credit insurance company,...
View ArticleTrump reverses Chevron’s Venezuela oil license, citing lack of electoral reforms
U.S. President Donald Trump on Wednesday said he was reversing a license given to Chevron to operate in Venezuela by his predecessor Joe Biden more than two years ago, accusing President Nicolas...
View ArticleCMA CGM takes delivery of inaugural methanol dual-fuel boxship
CMA CGM IRON, the Group’s first dual-fuel methanol vessel, made its maiden call at the Port of Singapore. Built in Korea by Hyunday Samho Heavy Industries, the CMA CGM IRON is the first in a series of...
View ArticleTorm delivers strong year of financial results
TORM plc announced Annual Report 2024, Dividend Distribution and Financial Outlook 2025. “2024 was a strong year for TORM, driven by increased ton-mile demand and limited fleet-growth”, says Jacob...
View ArticleRoyal HaskoningDHV acquires Arch Henderson to strengthen its maritime...
Royal HaskoningDHV announced that Scotland-based maritime engineers Arch Henderson has joined the company. Royal HaskoningDHV CEO Marije Hulshof commented: “We are very excited to welcome our new...
View ArticleBaltic Index inches up on higher capesize vessel rates
The Baltic Exchange’s dry bulk sea freight index, which monitors rates for vessels moving dry bulk commodities, climbed on Thursday, lifted by gains in the capesize vessel segment. The main index,...
View ArticleDalian iron ore falls as tariff woes outweigh Beijing stimulus vows
Iron ore futures prices declined on Thursday as trade concerns and reports of steel production cuts outweighed additional stimulus measures to boost consumption in China. The most-traded May iron ore...
View ArticleCMA CGM announces $20 billion investment in America’s maritime...
CMA CGM Group, a global leader in sea, land, air, and logistics solutions, and owner of the U.S. flag carrier American President Lines (APL), announced a $20 billion investment to contribute to U.S....
View ArticleVenture Global shares slump on downbeat annual core profit outlook
Venture Global’s, opens new tab shares on Thursday slumped to its lowest level since its debut as the LNG producer forecast its 2025 core profit below Wall Street expectations. Shares of the company...
View ArticleEuropean Community Shipowners’ Associations rebrands as European Shipowners
On the occasion of its 60 years, the European Community Shipowners’ Associations becomes ECSA European Shipowners, reinforcing its role as the voice of the European shipping industry. The...
View ArticleLauritzen Bulkers buys Canadian breakbulk operator
Lauritzen Bulkers has acquired Alexander & Blake, a Canadian breakbulk and parcel shipping company. This acquisition adds valuable competencies and strong client relations to the Lauritzen Bulkers...
View ArticleShipping giant HMM replaces CEO
Shipping giant HMM has nominated former LX Pantos CEO Choi Won-hyok as its new head, drawing attention as to whether he will successfully lead the privatization of Korea’s largest logistics company,...
View ArticleGreek-owned fleet grows; flag on steady downward trajectory
The global leadership of the Greek-owned fleet, as well as the steady downward trend of the Greek flag were reflected in the data of the Greek Shipping Cooperation Committee in London. According to...
View ArticleKeppel’s flagship infrastructure fund leads acquisition of subsea cable...
Keppel announced that Keppel Infrastructure Fund and its co-investor have acquired a 100% stake in Global Marine Group from investment affiliates of J.F. Lehman & Company. GMG is one of the...
View ArticleMOL acquires LBC Tank Terminals
Mitsui O.S.K. Lines announced its decision to acquire 100% of the membership rights of LBC Tank Terminals Group Holding Netherlands Coöperatief U.A., one of the world’s largest independent tank...
View ArticleRussian tanker group Sovcomflot expects more pressure from Western sanctions...
Russia’s leading tanker group Sovcomflot on Friday blamed Western sanctions for a profit slump in 2024 and warned that new restrictions imposed on its fleet this year would exert increased pressure....
View ArticleA.P. Moller Capital acquires 40% stake in Philippines logistics company
A.P. Moller Capital, through EMIF II Holding III B.V., has entered into a binding agreement to acquire 40% of AC Logistics, currently a wholly-owned subsidiary of Ayala Corporation. AC Logistics,...
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