Iron ore dips on US tariffs, but resilient steel demand caps losses
Iron ore futures inched lower on Thursday after U.S. President Donald Trump unveiled a broad set of reciprocal tariffs, although seasonal demand for the steelmaking ingredient helped cushion the...
View ArticleNova Marine Carriers, Marcegaglia form shipping JV
Nova Marine Carriers has established a joint venture with Marcegaglia, developed with the support of OD SHIPPING. According to a Nova Marine Carriers announcement, “this collaboration strengthens our...
View ArticleTatham & Co and Sea Green Law announce maritime law merger
Tatham & Co and Sea Green Law, two leading specialist maritime law firms in the UK, are merging to create a 22 lawyer practice, and a stronger version of themselves. The combined entity began...
View ArticleMaersk’s Logistics Trend Map analyses the top ten trends and game changers...
Tariffs, political tensions and conflicts, inflation and recession risks, changing consumer behaviour or underlying challenges like digitisation and AI: Most businesses globally are faced with unseen...
View ArticleDFO contracts VARD for one Offshore Subsea Construction Vessel
VARD announced that hassigned a contract with the Taiwanese based company Dong Fang Offshore for the design and construction of one Offshore Subsea Construction Vessel, with option(s). The vessel is...
View ArticleSeaspan begins construction on heavy polar icebreaker
Seaspan Shipyards cut steel on the Canadian Coast Guard’s new heavy polar icebreaker, signifying the start of construction on one of the most advanced conventional polar icebreakers ever to be built....
View ArticlePiraeus Chamber of Commerce and Industry expresses strong concern about the...
The Piraeus Chamber of Commerce and Industry expressed its strong concern about the consequences for international trade and, in particular, the Greek business environment after the decision of the...
View ArticleGolden Ocean appoints Peder Simonsen as CEO of Golden Ocean Management AS
Golden Ocean Group announced the appointment of Peder Simonsen as the Chief Executive Officer of Golden Ocean Management AS. Simonsen currently serves as the Interim Chief Executive Officer and Chief...
View ArticleShipping giant CMA CGM and French AI startup target customer service in tie-up
Shipping giant CMA CGM and tech startup Mistral AI expect rapid productivity gains from a 100 million euro partnership unveiled on Sunday, which the French firms also touted as a commitment to their...
View ArticleThe Panama Canal authorizes the start of an open bidding process for the...
The Panama Canal Board of Directors has authorized to open a bidding process for the development of a new pipeline for the transfer of energy products which will complement operations in the...
View ArticleGreek ships go thousands of miles further to deliver Russian oil
Three Greek oil tankers are going on detours of thousands of miles to deliver crude from Russia’s Baltic Sea to customers in Asia. The tankers Agios Gerasimos, King Philippos and Nissos Antimilos are...
View ArticleCommodities collapse: China tariffs send oil, soybeans and copper tumbling
Oil prices plunged nearly 8% on Friday to the lowest level since 2021, while copper, soybeans and other commodities also fell as China retaliated against U.S. President Donald Trump’s aggressive...
View ArticleGreek shipowners see calm after the storm
The global shipping industry is closely monitoring developments after US President Donald Trump announced heavy tariffs on imports of products from dozens of countries around the world. These tariffs...
View ArticleEneos Drilling agrees offshore deal in Vietnam
ENEOS Drilling has won a contract to supply a rig to Japan Vietnam Petroleum Company (JVPC) for a firm two-well campaign offshore Vietnam. ENEOS Drilling’s jack-up rig Hakuryu-14 will drill two wells...
View ArticleBaltic Index extends falls to hit one-month low
The Baltic Exchange’s dry bulk sea freight index extended declines to a one-month low on Monday, as rates across various vessel segments declined amid fears of recession following latest tariff...
View ArticleDalian iron ore slides to over two-week low on trade war jitters
Iron ore futures prices sank on Monday, dragged by tit-for-tat tariffs between the U.S. and top consumer China that have widened a global trade war. The most-traded May iron ore contract on China’s...
View ArticleBelships CEO Skarsgård resigns
Lars Christian Skarsgård has resigned as CEO of Belships. The new chairman of the board, Ivar Hansson Myklebust, will take over as CEO until a permanent successor is appointed by the company. The...
View ArticleLime Petroleum, Borr Drilling agree jackup rig contract
Lime Petroleum signed a contract with Borr Gerd Limited for the Gerd jackup rig, which will be used for a 120-day drilling campaign in Benin. The Sèmè Field in Benin is operated by Akrake, which holds...
View ArticleZIM announces new long-term chartering agreements for ten 11,500 TEU LNG...
ZIM Integrated Shipping Services announced new agreements for the long-term charter of ten 11,500 TEU liquefied natural gas (LNG) dual-fuel container vessels, with total charter hire consideration of...
View ArticleBP chair Lund to exit ‘likely’ in 2026 amid Elliott campaign
Chair Helge Lund intends to step down “likely during 2026”, the energy group said on Friday amid a campaign by activist hedge fund Elliott for more change at the company. Lund had backed BP’s 2020...
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