DP World and Maersk sign long-term agreement to expand maritime services in...
DP World, a global leader in logistics and supply chain solutions, has signed a long-term strategic agreement with Maersk, one of the world’s leading companies in maritime transport and logistics, to...
View Article2020 Bulkers – Hedging transaction for one vessel for Q2 2025
2020 Bulkers has entered into an additional hedging transaction through a forward freight agreement (FFA) effectively securing a fixed rate of approximately US$30,100 per day, gross, for one vessel...
View ArticleNavigator Gas announces completion of acquisition of three handysize...
Navigator Holdings, the owner and operator of the world’s largest fleet of handysize liquefied gas carriers, is pleased to announce that today, it completed the final acquisition in a series of three...
View ArticleKorea’s Hanwha buys 9.9% stake in Australian shipbuilder Austal, filing confirms
South Korean conglomerate Hanwha, opens new tab now owns a 9.9% stake in Australian shipbuilder Austal, opens new tab, an exchange filing showed, opens new tab on Tuesday. The company, whose A$1.02...
View ArticleWoodside and China resources agree long-term LNG supply
Woodside has signed a long-term sale and purchase agreement with China Resources Gas International Limited for the supply of liquefied natural gas to China. The SPA provides for the supply of...
View ArticleICS and CMI launch updated campaign Promoting Maritime Treaty Ratification
The International Chamber of Shipping and the Comité Maritime International launch an updated campaign for ‘Promoting Maritime Treaty Ratification’. There is a long-standing concern that many...
View ArticleBaltic Index down on lower capesize rates
The Baltic Exchange’s dry bulk sea freight index, which monitors rates for vessels moving dry bulk commodities, eased on Tuesday for the second straight session on lower capesize rates. The main...
View ArticleIron ore range-bound as China’s property woes counter resilient steel demand
Iron ore futures were range-bound on Tuesday, as investors balanced the ongoing weakness in China’s struggling property market with the sustained demand for the key steelmaking ingredient, supported...
View ArticleIntermodal Weekly Market Report [W11]
The Red Sea saw a relatively calm period following the ceasefire in Gaza, which seemed to quell hostilities and halt Houthi attacks. However, Israel’s refusal to implement the second phase of the...
View ArticleCrowley and Naturgy deploy first U.S. LNG Carrier, American Energy, to serve...
Crowley has raised the U.S. flag on American Energy, commencing operations of the first domestic liquified natural gas (LNG) carrier to transport U.S.-sourced natural gas to Puerto Rico. The milestone...
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Stena Line and Norsepower team-up on future-proof methanol hybrid RoRo...
Stena Line and Norsepower have signed an agreement for the delivery of two Norsepower Rotor Sails on an all-new methanol hybrid newbuild RoRo vessel Stena Connecta. The agreement is a step in Stena...
View ArticleMOL charters two more VLEC newbuilds to SCG
Mitsui O.S.K. Lines announced that on March 17, its group Company MOL Energia Pte. Ltd., signed long-term charter contracts with SCG Chemicals , a wholly owned subsidiary of the Siam Cement Group, a...
View ArticleEvergreen Marine reports record revenue in 2024
Evergreen Marine Corporation announced its financial results for the full year ended December 31, 2024. The company reported sales of TWD 463,567.9 million, up from TWD 276,714.83 million in the...
View ArticleIMO to develop global strategy for maritime digitalization
The International Maritime Organization (IMO) is taking action to create a comprehensive strategy that harnesses emerging technologies to turbo-charge efficiency, safety and sustainability in the...
View ArticleGreek ports record 5.6% passenger traffic increase in Q3
The total passenger traffic in Greek ports increased by 5.6% in the third quarter of 2024 compared to the third quarter of 2023, while an increase of 2.6% was observed in the corresponding comparison...
View ArticleJinhui Shipping sells a Supramax for US$8,260,000
The Board of Jinhui Shipping and Transportation Limited announces that a wholly-owned subsidiary of the Company entered into a memorandum of agreement on 19 March 2025 for the disposal of a Supramax...
View ArticleBaltic Index falls for third straight session on lower capesize, panamax rates
The Baltic Exchange’s dry bulk sea freight index, which monitors rates for vessels moving dry bulk commodities, fell for the third successive session on Wednesday, pressured by weak demand for...
View ArticleIron ore slides as concerns over China demand prospects dominate
Iron ore futures slipped for a third straight session on Wednesday, as concerns over demand prospects in top consumer China dominated in the absence of details for anticipated stimulus measures in the...
View ArticleEni and Vitol to strengthen collaboration in West Africa
Eni and Vitol have agreed that Vitol will acquire interests in certain assets owned by Eni in Cote d’Ivoire and the Republic of Congo for an aggregate consideration of USD1.65 billion at 1 January...
View ArticleContract award for Normand Subsea
Solstad Offshore ASA announced a contract award with Subsea7 for the subsea construction vessel “Normand Subsea”. The duration of the contract is 2-year firm and 3 yearly options with commencement 1...
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