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Headlines

Baltic index gains as rates firm for all vessels

Baltimore’s alternate shipping channels not deep enough, Maersk says

Genco slams George Economou in letter to shareholders

Marco Polo Marine Enters Financing Agreement For CSOV

In Depth

Posidonia 2024 marks the rebirth of the Greek shipbuilding industry

April 11, 2024

Top Stories

Baltic index gains as rates firm for all vessels

The Baltic Exchange’s main dry bulk sea freight index rose on Wednesday, aided by...

Baltimore’s alternate shipping channels not deep enough, Maersk says

The Baltimore port’s alternate shipping channels are not deep enough to accommodate the oceangoing...

Marco Polo Marine Enters Financing Agreement For CSOV

Marco Polo Marine Ltd., a reputable regional integrated marine logistics company, announced that its...

IMF Sees Slow and Steady Growth of Global Economy

The global economy is set for another year of slow but steady growth, the...

Panama Canal Announces New Measures Regarding Number of Transits and Maximum Draft

The Panama Canal Authority has unveiled a series of measures aimed at optimizing transit...

Iron Ore Falls As Investors Rethink China Stimulus Prospects After GDP Data

Iron ore futures fell on Tuesday, with the Dalian contract falling for the first...

Editor’s Picks

Euronav And Anglo-Eastern Join Forces

Euronav NV and Anglo-Eastern Univan Group announced a Heads of Agreement for the sale...

TOP Ships Inc. Announces Transfer of Listing to the NYSE American LLC

C3is Announces Agreement to Acquire Handysize Bulk Carrier from an Affiliated Company

C3IS INC. Announces Reverse Stock Split

Dry Cargo

C3is Announces Agreement to Acquire Handysize Bulk Carrier from an Affiliated Company

Star Bulk Completes Merger With Eagle Bulk

Lauritzen Bulkers CEO Niels Josefsen to retire

Eagle Shareholders Approve Merger With Star Bulk

Drydel orders ultramax in Japan

Tankers

Euronav And Anglo-Eastern Join Forces

TOP Ships Inc. Announces Transfer of Listing to the NYSE American LLC

Russian oil and products trapped on tankers hit by new Iran-related sanctions

Tankers: Increase in Ton-Mile Demand Boosts Euronav’s Financial Results

Hafnia Limited – Approved for Additional U.S. listing on the New York Stock Exchange and intended Transfer of Share Register to DTC

Containers

Baltimore’s alternate shipping channels not deep enough, Maersk says

Hapag-Lloyd And Seaspan To Retrofit Five Vessels To Methanol Propulsion

Maersk Makes no Deployment Changes After Vessel Seized in Strait of Hormuz

Container Freight Rates Stabilizing

Overcapacity Still Plaguing Container Shipping

Gas

Trafigura to commercially deploy Daphne Technology’s PureMetrics™ on LNG carrier for precise MRV and optimisation of GHG emissions

Flex LNG – Time Charter for Flex Endeavour extended to 2032

Korean Shipbuilders Enjoy Increases in Orders for LPG and LNG Carriers in Q1 2024

QatarEnergy Signs agreements for the operation of LNG vessels

BW LNG completes acquisition of two TFDE vessels from Stena Bulk

Offshore

Marco Polo Marine Enters Financing Agreement For CSOV

DOF Group ASA – Sale of Skandi Gamma

Pelagic Partners joins forces with Borealis Maritime in state-of-the-art PSV duo investment

CEO of Brazil oil firm Petrobras to stay in role for now, say sources

Borr Drilling announces new contract commitments

Shipbuilding

HD Korea Shipbuilding wins $466M order for 4 ammonia carriers

Korean Shipbuilders Enjoy Increases in Orders for LPG and LNG Carriers in Q1 2024

Hyundai Heavy held talks with Daewoo Shipbuilding to buy stake – official

COSCO Shipping to bulk up with 80 new vessels

Korea reclaims crown from China as world’s top shipbuilder

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Finance & Economy

Shipping News

Ports

Genco slams George Economou in letter to shareholders

Genco Shipping & Trading Limited, the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, announced that it has filed...

IMF Sees Slow and Steady Growth of Global Economy

The global economy is set for another year of slow but steady growth, the International Monetary Fund said on Tuesday, with U.S. strength pushing...

Euronav And Anglo-Eastern Join Forces

Euronav NV and Anglo-Eastern Univan Group announced a Heads of Agreement for the sale and purchase of Euronav Ship Management Hellas (“ESMH”), Euronav’s ship...

TOP Ships Inc. Announces Transfer of Listing to the NYSE American LLC

TOP Ships Inc. an international owner and operator of modern, fuel efficient “ECO” tanker vessels, announced that it will transfer the listing of its...

C3IS INC. Announces Reverse Stock Split

C3IS INC. announced that its board of directors has determined to effect a one-for-one hundred (1-for-100) reverse stock split of the Company’s common stock,...

Baltic index gains as rates firm for all vessels

The Baltic Exchange’s main dry bulk sea freight index rose on Wednesday, aided by...

Panama Canal Announces New Measures Regarding Number of Transits and Maximum Draft

The Panama Canal Authority has unveiled a series of measures aimed at optimizing transit...

Baltic Index Hits Near 3-Week High On Firm Demand Across Segments

The Baltic Exchange’s main dry bulk sea freight index climbed to its highest level...

Maersk Makes no Deployment Changes After Vessel Seized in Strait of Hormuz

Shipping company Maersk has not made any deployment changes after a Portuguese-flagged container ship...

Iran says MSC Aries vessel seized for ‘violating maritime laws’

A Portuguese-flagged cargo ship, the MSC Aries, was seized by Iranon April 13 for...

Port of València export freights grow by 2.13% in March

Export freights from the Port of València stabilised in March and experienced a slight increase of +2.13%. This is reflected in the València Containerised...

Piraeus: Perama Ship Repair Zone Undergoes Upgrade

On Friday, April 5th, two cutting-edge double level luffing jib shipbuilding cranes arrived at the Port of Piraeus. They are soon to be unloaded...

DP World & Rumo To Build New Grain And Fertilizer Terminal At Brazil’s Santos

DP World has joined forces with Brazilian railway operator Rumo to build a new terminal at the Port of Santos, to handle 12.5 million...

HMM, SIPG to cooperate on eco-friendly fuel

South Korea’s major ocean carrier HMM Co. announced on Wednesday that it signed a Shanghai Port Clean Marine Fuel memorandum of understanding (MOU) with...

Piraeus Port Authority: New Revenue & Profit Highs in 2023

The Piraeus Port Authority S.A. announced its financial results for the fiscal year 2023. Total revenues reached €219.8 million, up by 12.9% or €25.2...