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Monday, October 7, 2024
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Marubeni and Solvang start joint operation of ammonia carrier

Marubeni has entered into a partnership agreement with Solvang ASA (hereinafter, “Solvang”), a Norwegian shipping company, and commenced joint operation of an ammonia carrier...
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ARC adds M/V ARC Endeavor to U.S.-flag fleet

American Roll-On Roll-Off Carrier Group (ARC) announced the addition of M/V ARC Endeavor to its U.S.-flag fleet. M/V ARC Endeavor was reflagged to American...
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Provaris and Yinson join forces to innovate on CO₂ storage and marine transport solutions

Provaris Energy and Yinson Production Offshore announced a binding Joint Development Agreement for the development of storage tank solutions for the bulk storage and marine transportation of...
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Wärtsilä’s strong relationship with Jiangnan Shipyard enhanced with system orders for five new VLECs

Technology group Wärtsilä will supply the Cargo Handling and Fuel Gas Supply systems for five new Very Large Ethane Carrier (VLEC) vessels. The order...
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Intermodal Weekly Market Report [W39]

Last week, the PBC introduced a significant set of economic measures, marking the first time a combination of rate cuts, reductions in the reserve...
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Baltic index extends losses on lower rates across vessels

The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, extended losses on Tuesday as rates across...
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Trafigura secures USD3.2 billion-equivalent Syndicated Revolving Credit Facility and Term Loan Facilities

Trafigura, a market leader in the global commodities industry, announced the closing of its new Syndicated Revolving Credit Facility (“RCF”) and Term Loan Facilities...
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Carnival reports record-setting operating results, outperforms Q3 guidance & raises full year guidance for 3rd time

Carnival Corporation & plc announced financial results for the third quarter 2024 and provided an updated outlook for the full year and an outlook...
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A.P. Moller Holding launches Vioneo to pioneer fossil-free plastics production

A.P. Moller Holding has launched Vioneo, a new venture dedicated to transforming plastics production. Vioneo will manufacture fossil-free plastic resins and significantly reduce the...
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Castor Maritime Announces Vessel Acquisition

Castor Maritime, a diversified global shipping company, announced that it has entered, through a separate wholly-owned subsidiary, into an agreement with an unaffiliated third-party...
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GOGL: Renewal of share buy-back program

The Board of Directors of Golden Ocean Group announced the establishment and renewal of a share buy-back program. The Company has repurchased a total...

Stolt-Nielsen posts a third quarter net profit of $99.2 million

Stolt-Nielsen Limited reported unaudited results for the third quarter and the nine months ending August 31, 2024. The Company reported a third quarter net...

Trafigura secures USD3.2 billion-equivalent Syndicated Revolving Credit Facility and Term Loan Facilities

Trafigura, a market leader in the global commodities industry, announced the closing of its new Syndicated Revolving Credit Facility (“RCF”) and Term Loan Facilities...

Carnival reports record-setting operating results, outperforms Q3 guidance & raises full year guidance for 3rd time

Carnival Corporation & plc announced financial results for the third quarter 2024 and provided an updated outlook for the full year and an outlook...

Seanergy Mails Letter to Shareholders Highlighting its Commitment to Delivering Value to All Shareholders

Seanergy Maritime Holdings Corp. announced that it has commenced mailing of proxy materials to its shareholders in connection with the Company’s 2024 Annual Meeting...

Baltic Index hits two-week low as capesize rates dip

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

New LNG system opens in Greece aiming to reduce reliance on Russian gas

The new project, funded in part by the European Commission aims to reduce southeastern...

MISC signs shipbuilding contract for two LNG carriers; gets long-term charter with PETRONAS

MISC Bhd and Samsung Heavy Industries signed shipbuilding contracts for the construction of two...

Baltic index falls for third day on weaker rates for all vessels

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

Celestyal announces specialist coffee bar expansion

To mark international coffee day (October 1), Celestyal has announced the expansion of its...

CMA CGM: Notice of force majeure – ILA strike

As of October 1, 2024, the existing contract between the United States Maritime Alliance, and the International Longshoremen's Association is expired, and the ILA members...

US port workers and operators reach deal to end East Coast strike immediately

U.S. dock workers and port operators reached a tentative deal that will immediately end a crippling three-day strike that has shut down shipping on...

US ports brace for shut down as dockworkers strike

A dockworkers' strike is set to shut down ports across much of the US indefinitely, threatening significant trade and economic disruption ahead of the...

US East Coast port strike set to start Tuesday, says union

A port strike on the U.S. East Coast and Gulf of Mexico will go ahead starting on Tuesday, the International Longshoremen’s Association union said...

MSC Group establishes a new container terminal at Port of Aarhus

Port of Aarhus has just signed an agreement with the global container shipping company Mediterranean Shipping Company (MSC) for the lease of land at...

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