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Friday, March 29, 2024
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CMA CGM reroutes more ships to avoid Red Sea attacks

One of the world’s largest container shipping groups CMA CGM on Friday said it would reroute a weekly service between Europe and Australia to...

ONE Orders First Methanol-Fueled Ships

Ocean Network Express (ONE), the world’s sixth-largest container carrier, has placed orders for the construction twelve 13,000 TEU methanol dual-fuel containerships. These will be the...

Maersk sends two US-flagged container ships through Red Sea

Maersk has sent two container ships through the Red Sea carrying goods for the United States military and government, according to the Danish company...

Container rates soar on concerns of prolonged Red Sea disruption

Container shipping rates for key global routes have soared this week, with U.S. and UK air strikes on Yemen stirring concerns of a prolonged...

Maersk to use rail to bypass Panama Canal amid drought

A.P. Moller-Maersk will use trains to avoid the drought-hit Panama Canal for some of its vessels, the Danish shipping giant said as low water...

Israel Wants Clarity On COSCO Halt

Israel’s Transport Ministry on Tuesday said it was seeking to clarify Chinese shipper COSCO’s reported decision to halt shipping to Israel. Israeli media this week...

MSC widens container shipping market lead

MSC (Mediterranean Shipping Company) has strengthened its position as the world’s largest container carrier, widening the gap to second-ranked Maersk by 1.1 million twenty-foot...

More ships to avoid Red Sea as attacks disrupt world trade

Germany’s Hapag-Lloyd and Hong Kong’s OOCL said on Thursday they would avoid the Red Sea, the latest shipping companies to do so after attacks...

Container rates could rise by $450/TEU for zero-emission shipping: UMAS

Container lines may need to hike freight rates by up to $450/TEU in deepsea trade to cover additional expenses arising from decarbonizing their maritime...

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...

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Hafnia files for listing on New York Stock Exchange

Hafnia Limited announced that it has publicly filed a registration statement on Form 20-F with the U.S. Securities and Exchange Commission, with the intention...

Carnival rides on record cruise demand to lift annual profit forecast

Carnival Corp opens raised its annual profit forecast on Wednesday, anticipating a record year of bookings as the company benefits from a rise in...

TEN Beats Revenue Estimates In Q4

Tsakos Energy Navigation reported fourth-quarter FY23 Voyage revenue of $220.2 million, down from $270.3 million in the prior year quarter but above the consensus...

Euronav Announces Dividend Proposal And Further Fleet Optimisation And Growth

Euronav NV announces its dividend proposal at the Annual Shareholders’ Meeting and further fleet optimisation with the sale of three VLCCs, the delivery of...

BW Group Contemplating Block Sale of Shares in Hafnia

BW Group Limited has retained DNB Markets, part of DNB Bank ASA, Fearnley Securities AS, and Pareto Securities AS as Joint Global Coordinators and...

Vitol completes first delivery of B30 biofuel blend in Singapore

Vitol Bunkers has completed the first delivery of B30 biofuel blend in Singapore, the...

Baltic index posts worst week in more than two months

The Baltic Exchange’s main dry bulk sea freight index extended declines on Thursday to...

Cruise Division of MSC Group Further Strengthens Greece Offering

MSC Cruises and Explora Journeys to make over 400 calls to Greek ports in...

Houthis could partner with Iran, Somali pirates on Indian Ocean attacks

Yemen-based Houthi militants could keep the promise to extend their attacks to merchant ships...

Baltic index slides for seventh straight session

The Baltic Exchange’s main dry bulk sea freight index on Wednesday fell for the...

Adani acquires 95% stake in Gopalpur Port

APSEZ has entered into a definitive agreement to acquire Gopalpur Port Limited (GPL) at an enterprise value of INR 3,080 crore Gopalpur is a road-rail...

Shipping traffic freezes up in port waters after Baltimore bridge collapse

Ships sailing to the U.S. port of Baltimore dropped anchor in waters nearby while vessels were stranded inside the port after traffic was halted...

MSC completes agreement for Clasquin

MSC Mediterranean Shipping Company, through its subsidiary SAS Shipping Agencies Services Sàrl, has announced an agreement to acquire a 42.06% stake in Clasquin, a...

Port Hedland Iron Ore Exports Steady in February 2024

Pilbara Ports delivered a total monthly throughput of 52.7 million tonnes (Mt) for February 2024. This throughput was a four per cent decrease compared to...

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...