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Tuesday, March 19, 2024
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Iron ore eases further as China demand concern lingers

Iron ore futures prices languished on Thursday, with lingering concerns over demand in top consumer China acting as a headwind, despite Beijing’s latest pledge...

Russian coal exports to Asia struggle amid lower prices

Russia’s exports of seaborne coal to Asia have been weakening in recent months, with lower shipments of both thermal grades and metallurgical coal used...

Asian oil demand growth in focus as OPEC+ move carves out supply roadmap

Asian crude buyers are unlikely to face a supply squeeze following extended production cuts by OPEC+ and Russia’s move to slash output by an...

Dalian iron ore hits 5-month low as China demand disappoints

Dalian iron ore futures prices extended declines to hit a five-month low on Tuesday, pressured by weak sentiment amid subdued demand in top consumer...

China’s crude oil imports rise on-year, but softer trend remains

China’s imports of crude oil rose in the first two months of the year compared with the same period in 2023, but they were...

Iron ore tumbles on persistently weak fundamentals in China

Iron ore futures prices extended their decline into a second straight session on Monday, to the lowest in more than four months, dragged down...

US soybean exports under scrutiny amid worst sales run in years

Last week’s U.S. soybean export sales exceeded all trade expectations for the first time since November, but that is not at all representative of...

Iron ore climbs on renewed hopes of more China stimulus, pick-up in demand

Iron ore futures rose on Thursday after comments from officials in top consumer China revived hopes for more stimulus measures, although weak fundamentals limited...

Dalian iron ore slides as weak steel market weighs

Dalian iron ore futures prices slid on Wednesday, weighed down by a persistently weak steel market and lack of big-ticket stimulus in top consumer...

Russian Oil Tankers Behave Strangely After Latest US Sanctions

Two oil tankers appeared to stop what they were doing off the coast of Greece just a few days after the US Treasury imposed...

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Pyxis Tankers reports “solid results” in Q4

Pyxis Tankers, an international shipping company, announced unaudited results for the three months and year ended December 31, 2023. For the three months ended December...

Hapag-Lloyd publishes 2023 annual report and announces forecast for the current financial year

Hapag-Lloyd published its annual report for 2023. As expected, a significant decrease in earnings was recorded. According to the report, the Group EBITDA stood...

ZIM posts loss in fourth quarter

ZIM Integrated Shipping Services Ltd., a global container liner shipping company, announced today its consolidated results for the three and twelve months ended December...

Overseas Shipholding Group Reports Fourth Quarter and Full Year 2023 Results

Overseas Shipholding Group, a leading provider of liquid bulk transportation services in the energy industry for crude oil and petroleum products in the U.S....

Grindrod secures up to $113m in debt refinancing with Nordea

On March 1, 2024, a wholly owned subsidiary of Grindrod Shipping Holdings Ltd., Grindrod Shipping Pte. Ltd., entered into a US$83.0 million reducing revolving...

Container rates drop to unsustainable levels, Maersk CEO says

The global container shipping market faces overcapacity in the coming years and the rates...

Baltic index slips as capesize losses outweigh panamax gains

The Baltic Exchange’s main sea freight index declined on Thursday, as a fall in...

Global cruise leaders meet in Europe as the industry calls for action to increase...

· Cruise Lines International Association (CLIA) issued the call for action at its European...

Celestyal revamps specialty dining

Celestyal has updated the specialty restaurant menus on its two-ship fleet. The news comes...

Zodiac Maritime sells its oldest car carrier

According to reports, Zodiac Maritime has sold its oldest car carrier, the 4,363-ceu Silver...

Successful transportation of electric busses through Port of Piraeus

A total of 140 Yutong electric busses were successfully transported, reaching the Port of Piraeus and efficiently unloaded at the car terminal station for...

PPA S.A.: Welcoming event for the new cruise ship Sun Princess at the port of Piraeus

PPA S.A. and Princess Cruises, one of the world's largest cruise companies, held a special event at the port of Piraeus to celebrate the...

Port of Savannah posts record numbers February

The Georgia Ports Authority handled 451,670 twenty-foot equivalent container units in February, for an increase of 56,880 TEUs or 14.4 percent compared to the...

Successful sale of Bolloré Logistics to CMA CGM

The Bolloré Group and the CMA CGM Group announce the completion of the sale of 100 % of Bolloré Logistics to CMA CGM, it...

PPA S.A.: Successful completion of the European project CIPORT in Brussels

The concluding event for the European project "CIPORT-Cold Ironing in the Port of Piraeus – Taking the final step" took place at the Berlaymont,...