Sunday, December 10, 2023

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Intermodal Weekly Market Report [W34]

In recent weeks, Chinese economic data has suggested that the world's second largest economy may be slowing this year and into 2024...

Intermodal Weekly Market Report [W33]

As of the latest update, the Panama Canal continues to grapple with the effects of a historic drought, impacting shipping markets in the region...

Intermodal Weekly Market Report [W31]

Soybean Brazilian export forecasts were released last week and various organisations that track this data conclude that exports this year will be between 96...

Intermodal Weekly Market Report [W29]

The recent commitment from Russia and Saudi Arabia to production cuts, coupled with Saudi Aramco's consecutive increase in OSPs to Asian customers, has prompted...

Intermodal Weekly Market Report [W26]

The assessment of the upcoming trade grain activity for the second half of 2023 reflects a nuanced sentiment, with a combination of favorable and...

Intermodal Weekly Market Report [W25]

Anticipations are high that the current downward momentum in the market will be reversed by the recovery of Chinese demand, however, when we examine...

Intermodal Weekly Market Report [W24]

The shipping decarbonization pathway is well underway...

Intermodal Weekly Market Report [W23]

Last week, the Australian Bureau of Meteorology predicted that there is a 70% chance that the El Niño phenomenon will occur in the Pacific...

Intermodal Weekly Market Report [W22]

Looking at BDI's current performance, we can all agree that the second quarter results remain disappointing…

Intermodal Weekly Market Report [W21]

The MR Atlantic time charter average experienced a significant increase of almost 150% last week, reaching $34,841 per day on Friday...

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Global Ship Lease Announces CEO Transition

Global Ship Lease has announced that Ian Webber, its Chief Executive Officer, has chosen to retire from the CEO role he has held since...

Awilco LNG refinances ships in leasback deal

Awilco LNG announcde that a term sheet for refinancing of the Company’s two 2013-built 156,000 cbm TFDEs WilForce and WilPride has been agreed and...

George Economou acquires 5% stake in Seanergy

According to a relevant SEC filing, George Economou has acquired a stake in Seanergy Maritime. Specifically, the filing shows Sphinx, a subsidiary of Maryport Navigation,...

Frontline Reports $107.7 Million Profit in Q3

Frontline reported unaudited results for the nine months ended September 30, 2023: Highlights Profit of $107.7 million, or $0.48 per basic and diluted share for the...

Euronav: Dividend Distribution For Q3 2023 & Business Update

Euronav NV provides a business and dividend update following the recent board and management changes. The Supervisory board has agreed to distribute USD 0.57 per...

Maersk to deploy first large methanol-enabled vessel on Asia – Europe trade lane

Maersk is about to launch the first of its 18 large methanol-enabled vessels currently...

Baltic index extends losses on lower vessel demand

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

IMO Adopts Tougher Resolution to Tackle ‘Shadow’ Tanker Fleet

The United Nations’ shipping agency on Wednesday adopted a resolution targeting illicit shipping practices...

Weaker vessel rates push Baltic index lower

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

Panama Chaos Grows as US Diesel Shippers Bypass Canal

The worsening bottlenecks at the drought-stricken Panama Canal are pushing at least one US...

Clasquin: Exclusive Negotiations With SAS, Subsidiary of MSC

Mr. Yves REVOL and OLYMP, controlling shareholders of Clasquin SA (Paris:ALCLA), announced that they have entered into exclusive negotiations with SAS Shipping Agencies Services...

Port Houston Breaks Export Record

October was the biggest month ever for loaded exports at Port Houston, up 6% compared to last October. Port Houston’s loaded exports are up...

Port of Piraeus working on first shore power connection slots for 2024

The Piraeus Port Authority (PPA), which manages the largest and busiest port in Greece, announced the first five shore power connection slots for ferry...

Two major US cruise operators interested in buying Lavrio port

The tender for the concession of Lavrio port is set to begin in the next few weeks. Sources tell Kathimerini there are at least two...

Biden Administration Invests Over $650 mln in US Ports to Strengthen Supply Chains

The U.S. Department of Transportation’s Maritime Administration (MARAD) announced over $653 million to fund 41 port improvement projects across the nation under the Port...