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Friday, May 3, 2024

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Transocean agrees offshore drilling contract

Transocean announced a 365-day contract extension for the ultra-deepwater drillship Deepwater Asgard at a...

Viking shares surge in NYSE debut

Shares of Viking Holdings rose 9% in their debut on the New York Stock...

Valaris reports first quarter 2024 results

Valaris Limited reported first quarter 2024 results. President and Chief Executive Officer Anton Dibowitz said,...

China overtakes Japan in April as Australia’s top coal market

Australia shipped more coal to China than Japan in April, the first time this...

The DOF Group wins multiple contracts with Petrobras

The DOF Group wins multiple contracts with Petrobras The DOF Group announced that Petrobras has...

OceanPal announces time charter contract for m/v Baltimore with Richland Bulk and the sale...

OceanPal, a global shipping company specializing in the ownership of vessels, announced that, through...

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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...

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...

Cyprus Shipping Chamber applauds adoption of net-zero act

The Cyprus Shipping Chamber recently announced that it welcomed the adoption of the Net-Zero...

Baltic index slips for 6th day on weaker vessel rates

The Baltic Exchange’s dry bulk sea freight index fell on Monday, hurt by weaker...

Houthis Attack Greek Ship, 2 US Destroyers

Yemen’s Houthis have targeted two US destroyers and the vessel CYCLADES in the Red...

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...

Wilhelmsen partners with AD Ports Group and Inveco LLC to enhance trade along Middle Corridor

Wilhelmsen Port Services joins hands with AD Ports Group and Inveco LLC in a strategic partnership, as AD Ports Group takes over 60% ownership...

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