Golar LNG signs agreement for 20-year FLNG deployment in Argentina
Golar LNG has entered into definitive agreements with Pan American Energy for a 20-year deployment of a Floating Liquefied Natural Gas (“FLNG”) vessel in Argentina. The FLNG project will monetize...
View ArticleOcean Yield: Investment in LNG carriers with long-term charters
Ocean Yield AS announced that it has agreed to purchase infrastructure fund CVC DIF’s share in the French company Geogas LNG, providing an indirect economic interest of up to 34% in France LNG...
View ArticleSeatrium secures favoured customer contract from Angelicoussis Group,...
Seatrium Limited has successfully secured a Favoured Customer Contract (FCC) with Angelicoussis Group, the largest shipping group in Greece and one of the world’s largest privately-owned fleets with...
View ArticleSpot rate surge to continue post-golden week
Since the 1 July implementation of a series of peak season surcharges (PSS) and new FAK (freight all kinds) levels, the largest east-west container trades have seen a week of double-digit spot freight...
View ArticleSFL – New long term charters for four 8,700 TEU container vessels
SFL Corporation announced that it has agreed new 5-year time charters on four 8,700 TEU container vessels, which will add approximately $240 million to the Company’s fixed rate charter backlog. The...
View ArticleBaltic index hits two-week low on weaker vessel rates
The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, fell to a two-week low on Monday as demand in all vessel segments weakened. The overall index,...
View ArticleIron ore falls on demand concerns, high stocks
Iron ore futures slid on Monday as weak demand and high inventories in top consumer China weighed on the key steelmaking ingredient.The most-traded September iron ore contract on China’s Dalian...
View ArticleRussian oil deliveries keep getting cheaper despite sanctions
Group of Seven sanctions aimed at depriving the Kremlin of petrodollars are failing in one of their key objectives: driving up the cost of delivering Russian oil. The price of delivering the nation’s...
View ArticleBoskalis to acquire all remaining shares in Smit Lamnalco
Royal Boskalis B.V. (Boskalis) has signed an agreement to acquire all remaining shares (50%) in Smit Lamnalco. Smit Lamnalco offers terminal services and had an annual revenue of approximately USD 275...
View ArticleArdmore shipping announces leadership transition
Ardmore Shipping Corporation announced that Founder and CEO Anthony Gurnee has informed the Board of Directors of his intention to retire from his executive and board positions later this year....
View ArticleColumbia Group cooperate with Crowley Maritime to forge strategic alliance
Columbia Group and Crowley have signed a strategic cooperation agreement that broadens both companies’ ship management solutions for customers, leveraging their extensive, industry-leading expertise...
View ArticleBaltic index hits near one-month low on lower capesize rates
The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, fell to a near one-month low on Tuesday due to lower demand for capesize vessels. The overall...
View ArticleDalian iron ore eases on sluggish China demand, stimulus eyed
Dalian iron ore futures prices fell on Tuesday, weighed down by concerns about demand in top consumer China, although investors hoped for more stimulus from a key meeting next week. The most-traded...
View ArticlePanama Canal expects new water reservoir for ship crossings in 6 years
The Panama Canal expects to complete a billion-dollar construction of a new water reservoir within six years that will help ensure the passage of 36 ships a day, the administrator of the global...
View ArticleSBM Offshore and Ocean-Power sign partnership agreement for offshore power...
SBM Offshore and Ocean-Power announced the signing of a Memorandum of Understanding with the intent to collaborate on a floating power generation hub with CO2 capture and storage. The purpose of the...
View ArticleDanaos confirms order for five new container ships
Danaos Corporation has ordered five new methanol-ready containerships for $509 million at Chinese shipyards. Specifically, the company has ordered one additional 8,258 TEU containership to be built at...
View ArticleIntermodal Weekly Market Report [W27]
The first half of 2024 has been a dynamic period for the tanker market, characterised by a number of significant events and evolving trends that have collectively influenced freight rates, fleet...
View ArticleBaltic index snaps 5-day losing streak on higher vessel rates
The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, snapped its five-session losing streak on Wednesday, helped by higher rates across all vessel...
View ArticleMOL announces delivery of bulk carrier Green Winds, 2nd vessel equipped with...
Mitsui O.S.K. Lines announced that on July 10, the Green Winds, a 63,896 DWT Ultramax bulk carrier equipped with the Wind Challenger hard sail wind power propulsion system, was completed at Oshima...
View ArticleOPEC sticks to 2024 oil demand view
In June, the OPEC Reference Basket (ORB) declined slightly by 37¢, or 0.4%, m-o-m, to average $83.22/b. The ICE Brent front-month contract was unchanged, m-o-m, at $83.00/b, while the NYMEX WTI...
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