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Robust capesize demand propels Baltic dry bulk index to 13-year peak

The Baltic Exchange’s main dry bulk sea freight index rose to its highest in 13 years on Wednesday on higher rates for all vessels,...

CMA CGM Group Orders Boeing 777 Freighters

Boeing and CMA CGM Group, a world leader in shipping and logistics, today announced the purchase of two new Boeing 777 Freighters to grow...

Piraeus Port Reports 8,3% Increase in 1H2021 Turnover

The Piraeus Port Authority reported a turnover increase by 8,3%, that is 5.5 million euros in first half of 2021, reaching 72 million euros...

HSFO demand firm as scrubbers win over upgrading projects – expert

Contrary to initial expectations and despite the thrust on cleaner marine fuels due to the International Maritime Organization’s global low sulfur mandate, the high...

Iron ore spot freight rates spike 163% to lift capesize earnings

As the average length of the journey increases, partly due to port congestions in China, soaking up capacity and pushing up spot rates, shipowners...

Avance Gas enter into three Time Charter Agreements

Avance Gas Holding Ltd announced it has entered into three Time Charter Agreements for a period of 2 years at an average hire level...

Diana Shipping: Time Charter Contracts for m/v Atalandi & m/v Leto With Aquavita

Diana Shipping, a global shipping company specializing in the ownership of dry bulk vessels, announced that, through a separate wholly-owned subsidiary, it has entered...

Container Shipping’s Latest Shock: Blackouts in China

Factories in at least ten Chinese provinces have either cut output or closed temporarily this month, after government-imposed power cuts to curb carbon emissions. By...

Hapag-Lloyd invests in JadeWeserPort Wilhelmshaven

Hapag-Lloyd will acquire a 30% stake in Container Terminal Wilhelmshaven (CTW) and 50% of the shares of Rail Terminal Wilhelmshaven (RTW) at JadeWeserPort. The...

Globus Maritime: Revenues shoot up in first half

Globus Maritime Limited, a dry bulk shipping company, reported its unaudited consolidated operating and financial results for the quarter and six-month period ended June...

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Sphinx Investment Corp Increases Stake in OceanPal

On September 28, 2023, an OceanPal SEC filing revealed that Sphinx Investment Corp. had raised its ownership in OceanPal, now holding a substantial stake...

Star Bulk Announces the Repurchase of 10 Million of Its Common Shares

Star Bulk announced that it entered into a Repurchase Agreement (with OCM XL Holdings, LP, a limited partnership incorporated in the Cayman Islands, pursuant...

Trafigura announces executive leadership changes

Trafigura Group Pte Ltd. has announced an evolution of its executive team to further strengthen leadership and focus across its global activities during a...

Woori, HMM, KOBC to buy Polaris in prospective $448 mln deal – report

Polaris Shipping Co. is poised to sell its entire stake at around 600 billion won ($447.5 million) to Woori Private Equity Asset Management Co....

Pyxis Tankers Announces Closing of Ultramax JV Investment

Pyxis Tankers, an international shipping company, reported that on September 14, 2023, the Company closed on its previously announced newly formed drybulk joint venture...

Baltic index snaps 4-day winning streak as capesize rates slip

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

Baltic index scales 11-month peak on strong capesize rates

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

Baltic index scales over 9-month high on capesize surge

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

Baltic index rises to over 4-month high on stronger capesize rates

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

Houston-Japan VLGC freight rates reach multi-year high

VLGC freight rates from Houston to Chiba, Japan, reached $245/mt Sept. 21 for the...

Piraeus Port reports strong H1 2023 results

The Piraeus Port Authority SA, which operates Greece’s biggest and busiest port, reported a 48.8-percent increase in pre-tax earnings for H1 2023 – 49.4...

Greece names Thessaloniki port operator preferred bidder for Volos port

Greece’s privatisation agency has named the operator of Thessaloniki port as the preferred bidder for acquiring a 67% stake in the port of Volos,...

Drewry: Port Throughput Index Down 2.1% in July

The Global Container Port Throughput Index fell 2.1% MoM in July 2023, with the small rises recorded in Africa and Oceania having been insufficient...

Vopak: Agreement with Infracapital on sale of Rotterdam chemical terminals

Vopak announces that it has reached an agreement with Infracapital on the sale of its three chemical terminals in Rotterdam (Botlek, TTR and Chemiehaven)...

Port Hedland Iron Ore Exports Edge Up 4% in August

Pilbara Ports Authority has delivered a total monthly throughput of 62.8 million tonnes (Mt) for August 2023, consistent with the August 2022 throughput. The Port...