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Wednesday, May 8, 2024

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Royal Caribbean recruiting thousands to meet soaring cruise demand, staff new ships

Cruise operator Royal Caribbean Group is in discussions with new and existing markets around...

Peru Port dispute escalates as COSCO insists on original terms

The Chinese state-owned company at the center of a dispute over operations of a...

The London P&I Club announces CEO transition

The London P&I Club announced that Ian Gooch will be stepping down during the...

Hapag-Lloyd and IKEA collaborate to advance cleaner shipping

Hapag-Lloyd has entered a cooperation with IKEA Supply Chain Operations to decarbonise the Hapag-Lloyd...

Iron ore prices hold steady on property stimulus hopes

Iron ore futures prices were largely unchanged on Tuesday, following a strong increase the...

Baltic index hit its highest in more than 6-weeks

The Baltic Exchange’s dry bulk sea freight index extended its rally on Tuesday to...

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Viking shares surge in NYSE debut

Shares of Viking Holdings rose 9% in their debut on the New York Stock Exchange on Wednesday, giving the travel and cruising company a...

Capital Product Partners sees net income rise 239% in 1Q2024

Capital Product Partners released its financial results for the first quarter ended March 31, 2024. Highlights  Three-month periods ended March 31, 20242023Increase / (Decrease)Revenues$104.5 million$81.0 million29%Expenses$54.9 million$45.1...

Safe Bulkers posts higher profit in Q1

Safe Bulkers, an international provider of marine drybulk transportation services, announced its unaudited financial results for the three month periods ended March 31, 2024....

Nakilat posts strong 1Q 2024 results

Qatar Gas Transport Company (Nakilat)'s Net Profit rose by 6.1 percent in Q1 of 2024, to become QR 419,757,000, compared to a Net Profit...

Capital Product Partners L.P. announces cash distribution

Capital Product Partners announced that its board of directors has declared a cash distribution of $0.15 per common unit for the first quarter of...

Posidonia 2024 Unveils Comprehensive Conference Programme

Posidonia 2024, the world's most prestigious shipping exhibition, is set to commence from June...

Royal Caribbean recruiting thousands to meet soaring cruise demand, staff new ships

Cruise operator Royal Caribbean Group is in discussions with new and existing markets around...

Baltic index hit its highest in more than 6-weeks

The Baltic Exchange’s dry bulk sea freight index extended its rally on Tuesday to...

Baltic index steady as gains in capesize offset lower rates for smaller vessels

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk...

Red sea diversions spew carbon emissions equal to 9 million cars

Ships seeking to avoid ongoing attacks by Houthi rebels in the Red Sea area...

Peru Port dispute escalates as COSCO insists on original terms

The Chinese state-owned company at the center of a dispute over operations of a megaport it is building on Peru’s Pacific coast insisted on...

China COSCO may seek arbitration over exclusivity rights to Peru mega-port

The Peruvian government is looking to avoid an international arbitration process which could be filed by Chinese port operator Cosco Shipping over a legal...

Record-breaking container throughput at the Port of Gothenburg following import surge

The container volumes at the Port of Gothenburg continue to increase from last year’s record levels. During the first quarter of 2024, more containers...

Maersk commits $600 million investment in Nigeria’s ports

Nigeria secured a $600 million investment in seaport infrastructure from Danish shipping company A.P. Moller-Maersk MAERSKb.CO, the presidency said in a statement on Sunday. The investment was secured during...

Stranded ships exit Baltimore port via temporary channel

Four cargo ships, stuck for about a month at the Port of Baltimore by the ruins of the collapsed Francis Scott Key bridge, have...

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