HMM takes delivery of its first methanol-powered containership
HMM takes delivery of ‘HMM GREEN’, a 9,000 TEU methanol-powered containership. This vessel is the first of nine sister ships ordered in February 2023 from HD Hyundai Samho Heavy Industries and HJ...
View ArticleGlobal Shipping Insurance may shift if Russia sanctions end, Bimco says
The global shipping industry should be open to working with a new group of insurers that emerged to support Russia’s so-called shadow fleet, provided they follow best practice, according to a leading...
View ArticleThe Swedish Club reports strong 2024 results, bolstered by member loyalty and...
The Swedish Club has delivered strong results for 2024, posting a USD 34 million profit and significantly increasing free reserves to USD 217 million, up from 184 a year earlier. Robust investment...
View ArticleCelestyal unveils new itineraries and maiden calls for 2025/26 winter sun season
● Four new 14-night repositioning cruises for 2025/26 Arabian Gulf season ● Maiden calls to four new ports and two countries ● The line will return to Egypt for the first time in two years ● Bookings...
View ArticleBaltic index down for third straight session on lower capesize rates
The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, fell for a third consecutive session on Thursday, hurt by weaker rates in the capesize...
View ArticleTEN Reports Profits for the 12 Months and Fourth Quarter Ended December 31, 2024
TEN, Ltd (TEN) reported results (unaudited) for the twelve months and fourth quarter ended December 31, 2024. TWELVE MONTHS 2024 SUMMARY RESULTS TEN generated $804.1 million in gross revenues and...
View ArticlePlanned US Auto Tariffs Shake Global Industry as Price Hikes, Job Losses Loom
The United States’ announcement of a 25% tariff on auto imports rippled throughout the world on Thursday, as global vehicle suppliers warned of immediate price hikes and dealers raised fears of job...
View ArticleTrump tariffs to affect Greek-owned shipping
“US President Donald Trump’s tariffs affect everyone. And they are taxes on profits. This means that the ones who will pay are the consumers,” the president of the Hellenic Chamber of Commerce and...
View ArticleCar-carrying ships send added cargo to US ahead of looming tariffs
Car-carrying ships have sent more cargo from Europe and China, Japan and Korea to the United States in the first months of the year than last year, shipping data showed, in a sign of companies...
View ArticleStena Line develops new concept vessel
Through optimal design and new technology, the new concept vessel Stena Futuro can reduce energy usage by 20 percent or more. One of Stena Line’s central goals is to reduce CO₂ emissions by 30 percent...
View ArticleBaltic index dip as rates across all vessels decline
The Baltic Exchange’s dry bulk sea freight index, which monitors rates for vessels moving dry bulk commodities, fell for its seventh straight session on Wednesday, as rates declined for all vessel...
View ArticleDalian iron ore rises as resilient China demand outweighs US tariff woes
Iron ore futures strengthened on Wednesday, underpinned by resilient seasonal demand for the key steelmaking ingredient that countered trade war concerns ahead of looming U.S. tariffs. The most-traded...
View ArticleSaipem awarded new offshore contracts for a total amount of approximately 720...
Saipem has been awarded new contracts in Middle East and Guyana for a total amount of approximately 720 million USD. The first contract encompasses the engineering, procurement, construction and...
View ArticleHD Korea Shipbuilding & Offshore Engineering announces new contract for...
HD Korea Shipbuilding & Offshore Engineering, the intermediate holding company of HD Hyundai specialized in shipbuilding, announced on April 2 that it has recently signed a contract to build 2...
View ArticleAPM Terminals acquires Panama Canal railway company
APM Terminals has acquired the Panama Canal Railway Company from Canadian Pacific Kansas City Limited and the Lanco Group/Mi‑Jack. PCRC operates a 76-km (47-mile) single-line railway adjacent to the...
View ArticleTrump’s tariffs stoke global trade war as China, EU vow response
President Donald Trump said on Wednesday that he would impose a 10% baseline tariff on all imports to the United States and higher duties on some of the country’s biggest trading partners, in a move...
View ArticleIMO makes further progress on “net zero framework”
The Intersessional Working Group on Reduction of Greenhouse Gas Emissions from Ships met for its 19th session from 31 March to 1 April 2025, chaired by Mr. Sveinung Oftedal (Norway). The meeting was...
View ArticleStolt-Nielsen Limited announces intention to relaunch share buy-back programme
Stolt-Nielsen Limited announced that it intends to continue the share buy-back programme announced on March 2, 2016. Under the 2016 buy-back programme, the Board of Directors had authorised the...
View ArticleShelf Drilling announces contract update in North Sea
Shelf Drilling announced that it has received a notice of contract termination for the Shelf Drilling Winner from the customer, TotalEnergies EP Denmark A/S. Under the notice and in accordance with...
View ArticleBaltic Index sinks to 3-week low on lower rates across vessels
The Baltic Exchange’s dry bulk sea freight index fell to a three-week low on Thursday, as rates across vessel segments dipped following U.S. President Donald Trump’s announcement of sweeping new...
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