Seaspan to build made-in-Canada heavy polar icebreaker
Seaspan Shipyards has been awarded the construction contract to build one of the Canadian Coast Guard’s new heavy polar icebreakers. The polar icebreaker will be built entirely in Canada at Seaspan’s...
View ArticleBaltic index scales 14-week peak on larger vessel rate gains
The Baltic Exchange’s dry bulk sea freight index, which monitors rates for vessels moving dry bulk commodities, rose to a more than 14-week high on Monday, aided by rising rates across the capesize...
View ArticleIron ore falls on concerns over demand outlook
Prices of iron ore futures slipped on Monday as caution over U.S. tariffs and China’s pledge to cut crude steel output this year clouded demand prospects. The most-traded May iron ore contract on...
View ArticleClarksons posts new profit record
Clarkson PLC announced preliminary results for the 12 months ended 31 December 2024. Summary · Another record underlying profit before taxation* of £115.3m (2023: £109.2m), an increase of 6% ·...
View ArticleTanker involved in UK ship collision spilled fuel, says manager Crowley
The Stena Immaculate tanker involved in Monday’s collision with another ship off the coast of northeast England was reported to have released some jet fuel after sustaining a ruptured cargo tank, U.S....
View ArticleHavila Shipping ASA signs contract with Peterson Den Helder BV for PSV Havila...
Havila Shipping ASA has signed a contract with Peterson Den Helder BV for the PSV Havila Borg on market terms. The contract is planned to be in direct continuation of existing contract and for a firm...
View ArticleHanseatic Global Terminals acquires majority stake in terminal operator in Le...
Hanseatic Global Terminals successfully completed the acquisition of 60% of the shares in CNMP LH from Seafrigo Group. CNMP LH operates the Atlantique container terminal in Le Havre, France, as an...
View ArticleFortescue goes ahead with $1.3bn iron ore project in Western Australia
Australian iron ore producer Fortescue Metals Group (ASX:FMG) is going ahead with its plans to build a new $1.3 billion mine in the Pilbara region, which will lift the grade of its ores and so satisfy...
View ArticleCarlos Pena becomes CTM’s new CEO
C Transport Maritime announced that Mr. Carlos Pena has assumed the role of Chief Executive Officer of CTM. Carlos has excelled as our Chief Commercial Officer (CCO) for the past seven years, playing...
View ArticleGlobal Container International announces acquisition by Triton International...
Global Container International, a leading lessor of marine intermodal containers, announced that it has entered into definitive documentation to be acquired by Triton International Limited (“Triton”)...
View ArticleHimalaya Shipping: Conversion to fixed rate time charters for two vessels
The Company has agreed to convert the index-linked charters to fixed rate time charters for the Mount Norefjell and Mount Hua from April 1, 2025 to December 31, 2025. The agreed conversion rate for...
View ArticleBaltic index extends gains as panamax rates climb
The Baltic Exchange’s dry bulk sea freight index, which monitors rates for vessels moving dry bulk commodities, rose for a fourth straight session to hit an over three-month peak on Tuesday, buoyed by...
View ArticleSingapore iron ore rises on optimism for increased China demand
Singapore iron ore futures rose on Tuesday, driven by expectations of increased demand as steelmakers in the northern region of top consumer China are set to resume production following the conclusion...
View ArticleIntermodal Weekly Market Report [W10]
In view of President Trump’s declared intention to “Make America’s Shipbuilding Great Again,” this week we aim to shed some light on the global shipbuilding market dynamics....
View ArticleCaravel Group acquire India’s International Maritime Institute
Dr. Harry S. Banga and Mr. Angad Banga of The Caravel Group announced their acquisition of the International Maritime Institute (IMI), India’s premier maritime academy. This initiative in the...
View ArticleUK police arrest captain of cargo ship on suspicion of manslaughter over...
British police on Tuesday arrested the captain of a cargo ship on suspicion of manslaughter as they searched for answers about why it hit a tanker transporting jet fuel for the U.S. military off...
View ArticleGreek owners organizing European Shipping Summit 2025 special event
As part of the European Shipping Summit 2025 in Brussels, the Union of Greek Shipowners is organizing a special event on Wednesday 19 March, focusing on the strategic role of shipping in securing...
View ArticleGreece working on plan to further increase shipping competitiveness
The Ministry of Μaritime Affairs and Insular Policy has been taking measures and following strategies lately to make the Greek registry more attractive. According to the Deputy Minister, Stefanos...
View ArticleBaltic index hits 15-week high as rates of all vessel sizes rise
The Baltic Exchange’s dry bulk sea freight index, which monitors rates for vessels moving dry bulk commodities, hit a 15-week peak on Wednesday as rates rose across all vessel segments. The main...
View ArticleIron ore spooked by resumed talks of China’s steel output cut
Iron ore futures surrendered early gains to trade lower on Wednesday, as sentiment was spooked by resumed market talks of China’s plan of trimming crude steel output to rein in oversupply plaguing the...
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