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Headlines

Royal Caribbean lifts profit view again on cruise boom, higher prices

Weaker spot LNG prices support gas, LNG flows from Algeria to Europe

Wärtsilä secures China’s largest-ever methanol newbuild order

Dalian iron ore extends gains on China demand hopes, profit-taking caps rise

In Depth

Posidonia 2024 marks the rebirth of the Greek shipbuilding industry

April 11, 2024

Top Stories

Royal Caribbean lifts profit view again on cruise boom, higher prices

Royal Caribbean Group RCL.N on Thursday raised its annual profit forecast for a...

Weaker spot LNG prices support gas, LNG flows from Algeria to Europe

Weaker spot LNG prices in Europe have supported increased buying interest for Algerian LNG...

Wärtsilä secures China’s largest-ever methanol newbuild order

Technology group Wärtsilä will supply the methanol-fuelled auxiliary engines for five new container vessels...

Dalian iron ore extends gains on China demand hopes, profit-taking caps rise

Dalian iron ore futures prices extended their rise for a second straight session on...

Baltic index down for 4th day as larger vessel rates dip

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

Capital Product Partners L.P. announces cash distribution

Capital Product Partners announced that its board of directors has declared a cash distribution...

Editor’s Picks

Diana Shipping announces time charter contract for m/v DSI Phoenix with Bulk Trading

Diana Shipping, a global shipping company specializing in the ownership and bareboat charter-in of...

Laskaridis Maritime linked to kamsarmax order

TEN announces the sale of a 2007-built aframax tanker

Danaos secures financing for eight new containerships

Dry Cargo

Diana Shipping announces time charter contract for m/v DSI Phoenix with Bulk Trading

Laskaridis Maritime linked to kamsarmax order

Diana Shipping announces time charter contract for m/v P. S. Palios

C3is Announces Agreement to Acquire Handysize Bulk Carrier from an Affiliated Company

Star Bulk Completes Merger With Eagle Bulk

Tankers

OSG Receives $3 Million Federal Grant for CO2 Transport Ship Design

MOL becomes first Japanese operator to commercially install Onboard CO2 Capture System

TEN announces the sale of a 2007-built aframax tanker

Oil supertankers headed for China jump to the highest in a year

Heidmar announces addition of Landbridge Ship Management

Containers

Wärtsilä secures China’s largest-ever methanol newbuild order

ZEMBA announces successful completion of inaugural collective tender

Danaos secures financing for eight new containerships

Baltimore’s alternate shipping channels not deep enough, Maersk says

Hapag-Lloyd And Seaspan To Retrofit Five Vessels To Methanol Propulsion

Gas

Weaker spot LNG prices support gas, LNG flows from Algeria to Europe

Oman: TotalEnergies launches the Marsa LNG project

Updated transit levels at Panama Canal don’t faze LNG shippers

Stena Bulk completes sale of Stena Blue Sky

Trafigura to commercially deploy Daphne Technology’s PureMetrics™ on LNG carrier for precise MRV and optimisation of GHG emissions

Offshore

Vestas signs Memorandum of Understanding with Maersk, South Korea’s Jeonnam Province, and Mokpo City

Petrofac supporting national oil company of equatorial Guinea

Marco Polo Marine Enters Financing Agreement For CSOV

DOF Group ASA – Sale of Skandi Gamma

Pelagic Partners joins forces with Borealis Maritime in state-of-the-art PSV duo investment

Shipbuilding

Wärtsilä secures China’s largest-ever methanol newbuild order

Philly Shipyard and HD Hyundai Heavy Industries sign memorandum of understanding

Korean Shipbuilders Expect to Benefit from US-China Conflict

Laskaridis Maritime linked to kamsarmax order

Danaos secures financing for eight new containerships

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Finance & Economy

Shipping News

Ports

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...

BW LPG shares to start trading on NYSE

BW LPG issued an announcement regarding the Company′s public filing of a registration statement on Form 20-F with the U.S. Securities and Exchange Commission,...

Danaos secures financing for eight new containerships

Watson Farley & Williams advised Danaos Corporation on a US$450m post-delivery senior secured term loan facility to finance eight newbuild vessels under construction in...

Genco slams George Economou in letter to shareholders

Genco Shipping & Trading Limited, the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, announced that it has filed...

IMF Sees Slow and Steady Growth of Global Economy

The global economy is set for another year of slow but steady growth, the International Monetary Fund said on Tuesday, with U.S. strength pushing...

Royal Caribbean lifts profit view again on cruise boom, higher prices

Royal Caribbean Group RCL.N on Thursday raised its annual profit forecast for a...

Baltic index down for 4th day as larger vessel rates dip

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

MSC offers to buy Gram Car Carriers

MSC Group, through its subsidiary SAS Shipping Agencies Services, has agreed to acquire Norway-based...

Baltic index extends losses on falling capesize rates

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

Baltic index hits one-week low on capesize weakness

The Baltic Exchange’s dry bulk sea freight index extended declines on Tuesday and touched...

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...

Container throughput in port of Rotterdam increases in first quarter of 2024

Total throughput at the port of Rotterdam fell by 1.4% in the first quarter of 2024 compared to the same period last year. In...

Port of Los Angeles finishes first quarter up 30% over previous year

The Port of Los Angeles handled 743,417 container units in March, a 19% increase over the previous year. It was the eighth consecutive month...

Port of Antwerp-Bruges Reports Resilient Performance in Q1

The total cargo throughput of Port of Antwerp-Bruges amounted to 70.4 million tonnes in the first quarter of this year, a rise of 2.4%...

Port of València export freights grow by 2.13% in March

Export freights from the Port of València stabilised in March and experienced a slight increase of +2.13%. This is reflected in the València Containerised...