HII and HD Hyundai Heavy industries sign memorandum of understanding
HII and HD Hyundai Heavy Industries, two of the world’s leading shipbuilders across multiple classes of ships, signed a memorandum of understanding to explore opportunities to collaborate on...
View ArticleNYK completes stock acquisition
Nippon Yusen Kabushiki Kaisha announced as follows the status of acquisition of its own common stock approved at the meetings of its Board of Directors held on May 8, 2024 and November 6, 2024 in...
View ArticleChinese retaliatory tariffs increase pressure on shipping
Greater pressure on shipping is expected following China’s immediate response to the tariff war declared by US President Donald Trump, with analysts pointing out that the consequences of the current...
View ArticleBaltic Index falls to over 4-week low as rates dip across vessel segments
The Baltic Exchange’s dry bulk sea freight index, which tracks rates for vessels moving dry bulk commodities, slipped to an over four-week low on Tuesday due to lower demand across vessels amid...
View ArticleDalian iron ore slides to nearly 5-month low as Sino-US tariff tensions weigh
Iron ore futures fell for a third straight session on Tuesday as escalating trade tensions between the U.S. and top consumer China countered support from seasonal demand for the steelmaking ingredient...
View ArticleIntermodal Weekly Market Report [W14]
Following Donald Trump’s recent announcement unveiling new tariffs, various interpretations have emerged regarding the motivations behind this protectionist stance. Intermodal-Report-Week-14-2025The...
View ArticleGrimaldi Group orders 9 Ro-Pax vessels in China
The Grimaldi Group has commissioned the construction of nine ropax vessels from China Merchants Jinling Shipyard (Weihai), a China Merchants Group company. The deal is worth a total of $1.3 billion....
View ArticleNextDecade and Aramco Execute 1.2 MTPA LNG sale and purchase agreement from...
NextDecade Corporation announced that it has executed a 20-year liquefied natural gas sale and purchase agreement with a subsidiary of Aramco for offtake from Train 4 at the Rio Grande LNG Facility....
View ArticleStena DrillMAX contract award
Stena Drilling announced the award of a campaign with KE STP Company B.V. and BG International Limited Suriname Branch, subsidiaries of Shell PLC (Shell) for the Mobile Offshore Drilling Unit (MODU)...
View ArticleFincantieri and Viking announce the world’s first hydrogen-powered cruise...
Fincantieri and Viking announced the first cruise ship in the world to be powered by hydrogen stored onboard for both propulsion and onboard electricity generation, the “Viking Libra”. The vessel is...
View ArticleBaltic index falls as demand falters across vessels amid trade war
The Baltic Exchange’s dry bulk sea freight index on Wednesday fell for the thirteenth straight session to a more than one-month low due to lower demand across vessels amid a global trade war. The main...
View ArticleIron ore slips to 6-1/2-month low as global trade war intensifies
Iron ore futures slid on Wednesday to their lowest levels in more than six months, as demand prospects were clouded by the escalation of a global trade war triggered by U.S. President Donald Trump’s...
View ArticleNORDEN adds to Executive Management group with COO role
NORDEN announced that Anne Heidi Jensen will join NORDEN’s Executive Management in the newly created role as Group COO. The Executive Management group thereby consists of Jan Rindbo, CEO, Martin...
View ArticleSealead expands in Spain with new entity and managing director
SeaLead, a fast-growing global shipping line, has strengthened its presence in Europe with the establishment of its own entity in Spain, marking a significant step in its global expansion. The company...
View ArticleDOF Group ASA – Subsea mooring installation contract award in the APAC region
DOF Group announced a Substantial contract award for subsea mooring installation services in the APAC Region. The contract will utilise Skandi Hercules with related moorings and installation subsea...
View ArticleHSM Offshore Energy awarded East Anglia TWO substation contract by ScottishPower
ScottishPower Renewables has awarded an EPCIC (Engineering, Procurement, Construction, Installation and Commissioning) contract for its East Anglia TWO offshore substation and jacket foundation to HSM...
View ArticleCK Hutchison says it invested $1.7b in Panama, surpassing obligations
A company controlled by Hong Kong-based CK Hutchison has invested $1.7 billion in two ports near the Panama Canal, it said on Wednesday, surpassing the amount required under its contract, which is...
View ArticleTrump signs order to revive us shipbuilding, DOGE review of Navy
President Donald Trump signed an executive order Wednesday that seeks to revive US shipbuilding and will dispatch Elon Musk’s efficiency squad to investigate how the US Navy fell so far behind in...
View ArticleWorld’s first-ever global emissions tax is on the table at crunch shipping talks
The United Nations shipping agency is on the cusp of introducing binding regulations to phase out fossil fuel use in global shipping — with the world’s first-ever global emissions levy on the table....
View ArticleBaltic Index snaps 12-day losing streak on higher capesize rates
The Baltic Exchange’s dry bulk sea freight index, which monitors rates for ships carrying dry bulk commodities, snapped a twelve-day losing streak on Thursday, buoyed by higher rates in the capesize...
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