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Monday, May 20, 2024

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Genco Shipping & Trading issues statement regarding George Economou’s withdrawal of his nominee

Genco Shipping & Trading Limited the largest U.S. headquartered drybulk shipowner focused on the...

Baltimore workers to move crashed cargo ship that downed bridge

Workers in Baltimore were preparing to clear a crashed cargo ship nearly as long...

French shipping giant expects overcapacity to drive down freight rates

CMA CGM SA, the world’s third-largest container line, is expecting a decline in ocean...

US soy exporters off to worst new-crop start in 23 years amid China’s absence

The upcoming U.S. soybean harvest is expected to approach record levels, but exporters had...

The Port of Hamburg begins the year on a positive note

Container throughput improved to 1.9 million TEU in the first quarter of 2024 –...

Asian spot LNG edges up as hot weather spurs demand

Asian spot liquefied natural gas (LNG) prices rose this week to its highest levels...

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Genco Shipping & Trading issues statement regarding George Economou’s withdrawal of his nominee

Genco Shipping & Trading Limited the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, issued the following statement regarding George...

Shipping group CMA CGM gets Q1 boost but sees overcapacity looming

Shipping group CMA CGM benefited in the first quarter from a rebound in demand for consumer goods and higher freight rates linked to Red...

OceanPal announces entry into support agreement with Sphinx Investment Corp.

OceanPal announced that it has entered into a Support Agreement with Sphinx Investment Corp. an affiliate of George Economou, which owns approximately 14.1% of...

Hapag-Lloyd with good start to 2024 in first quarter of year

Hapag-Lloyd concluded the first quarter of 2024 with a Group EBITDA of USD 942 million (EUR 868 million). Compared to the same quarter of...

Seadrill announces first quarter 2024 results

Seadrill Limited reported its first quarter 2024 results. Quarterly highlights Delivered operating profit of $80 million and Adjusted EBITDA(1) of $124 million on $367 million of revenue,...

Houthis strike M/T Wind in Red Sea

At approximately 1 a.m. (Sanaa time) May 18, Iranian-backed Houthis launched one anti-ship ballistic...

Houthis threaten all ships heading to Israel

All ships heading to Israeli ports will be targeted by Yemen’s Iran-backed Houthis and...

Baltic index hits near two-week low as vessel demand dips

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

Baltic index slips for 5th straight day on weaker vessel rates

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

Biden hikes U.S. tariffs on Chinese imports, including STS cranes, electric cars

U.S. President Joe Biden on Tuesday unveiled a bundle of steep tariff increases on...

Baltimore workers to move crashed cargo ship that downed bridge

Workers in Baltimore were preparing to clear a crashed cargo ship nearly as long as the Eiffel Tower from the channel it is blocking,...

The Port of Hamburg begins the year on a positive note

Container throughput improved to 1.9 million TEU in the first quarter of 2024 – despite tense geopolitical and economic conditions. USA traffic continued to...

DP World boosts European trade with €130m investment in Romania

DP World has opened three major new sites in Romania, providing a significant boost to the country’s growing status as a key hub of...

Celestyal finalises agreement with Abu Dhabi and AD Ports Group

Celestyal has signed a Memorandum of Understanding with The Department of Culture and Tourism - Abu Dhabi alongside AD Ports Group. The MOU, signed...

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...

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