Maersk CEO see 'modest' pick-up in trade for holiday season
A.P. Moller-Maersk’s chief executive said on Thursday he expects a “modest” pick-up in trade for the upcoming holidays this year amid concerns about the slowing global economy and consumer demand.
Keppel O&M secures repeat newbuild FPSO contract worth US$2.8b from Petrobras
Keppel Offshore & Marine (Keppel O&M)’s wholly owned subsidiary, Keppel Shipyard, has won a tender from Brazil’s National Oil Company, Petroleo Brasileiro S.A (Petrobras), to undertake the engineering, procurement and construction (EPC) of P-83, a Floating Production, Storage and Offloading vessel (FPSO), for about US$2.8b.
Major Shareholders Raise Offer for Seaspan Takeover
A consortium led by former Berkshire Hathaway Inc. executive David Sokol and Canadian investment group Fairfax Financial Holdings Ltd raised its offer to buy Atlas Corp., the holding company that controls shipping firm Seaspan Corp., to $4.4 billion.
Top Stories
October 8, 2014
Nordic American Tankers sells 2003-built suezmax tanker
Nordic American Tankers (NAT) announced on Thursday a sales agreement for a 2003-built suezmax tanker:…
October 8, 2014
Cheniere’s LNG Facility Adds Third Dock to Boost
Cheniere Energy Inc., the largest US exporter of liquefied natural gas, is preparing to add…
October 8, 2014
Iron ore climbs on China construction support, restocking
Iron ore futures rose on Thursday, with the Dalian benchmark contract touching a two-week high,…
October 8, 2014
OPEC+ has begun talks on output cut at
Leading OPEC+ members have begun discussions about an oil output cut at the group’s next…
October 8, 2014
Baltic index falls on lower capesize demand
The Baltic Exchange’s main sea freight index (.BADI), tracking rates for ships carrying dry bulk…
October 8, 2014
Subsea 7 Charters Otto Candies, Bordelon Marine Vessels
Subsea 7 has entered into four long-term charter agreements with Otto Candies and Bordelon Marine…
Editor’s Picks
September 27, 2022
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Safe Bulkers: Sale of one Kamsarmax Vessel
Safe Bulkers, an international provider of marine drybulk transportation services,…
September 23, 2022
Performance Shipping: US$45,000/day time charter contract for 7-10 months
Performance Shipping announced that, through a separate wholly-owned subsidiary, it…
September 20, 2022
EuroDry Announces Agreement to Sell 2000-built Panamax Bulk Carrier
EuroDry, an owner and operator of drybulk vessels and provider…
September 15, 2022
Navios Partners sells panamax bulk carrier
Navios Maritime Partners has sold Navios Camelia (75,162 dwt) to…
Finance & Economy
October 8, 2014
Major Shareholders Raise Offer for Seaspan Takeover
A consortium led by former Berkshire Hathaway Inc. executive David Sokol and Canadian investment group…
October 8, 2014
2020 Bulkers: Conversion of index-linked charter hire for
2020 Bulkers has converted the index-linked charter for Bulk Sao Paulo into fixed rate charter…
October 8, 2014
Hoegh LNG Partners shareholders approve merger
Höegh LNG Partners LP ( NYSE: HMLP) (the “Partnership”) announced that at a special meeting,…
October 8, 2014
Performance Shipping: Acceptance Of Signed Commitment Letter From
Performance Shipping Inc., a global shipping company specializing in the ownership of tanker vessels, announced…
October 8, 2014
Maersk Tankers expands executive team
Maersk Tankers is moving to reorganize the business that manages chartering, partner and operations activities.…
Shipping News
October 8, 2014
Maersk CEO see 'modest' pick-up in trade for
A.P. Moller-Maersk’s chief executive said on Thursday he expects a “modest” pick-up in trade for…
October 8, 2014
Baltic index falls on lower capesize demand
The Baltic Exchange’s main sea freight index (.BADI), tracking rates for ships carrying dry bulk…
October 8, 2014
Baltic index falls for third day as capesize
The Baltic Exchange’s main sea freight index (.BADI), tracking rates for ships carrying dry bulk…
October 8, 2014
China Warns Waning Global Demand Is Top Threat
Overseas demand for goods from China is weakening as the global economy slows, warned a…
October 8, 2014
Capesize dip drags Baltic sea freight index lower
The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities,…
Ports
October 8, 2014
Igoumenitsa Port: Hellenic Asset Development Fund asks for
The Hellenic Republic Asset Development Fund (TAIPED) last Thursday announced that its board of directors…
October 8, 2014
Nigeria Pins Hopes On Deep Sea Port To
Nigeria is betting a deep sea port set to open early next year will help…
October 8, 2014
Hamburg Port Says Government Shouldn’t Block Chinese Acquisition
Hamburg Hafen und Logistik AG said the German government shouldn’t block a Chinese acquisition of…
October 8, 2014
Port Houston Sets New Container Record
Container volume continues to break records at Port Houston. Total container volume in August was…
October 8, 2014
Port of Long Beach Sees Pandemic-Era Imports Surge
The head of the second-biggest US port expects the pandemic-era surge in consumer demand that…
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