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Royal Caribbean Pauses Sailings Due To Omicron Concerns

Royal Caribbean Cruises Ltd has paused some of its cruise operations amid rising numbers of COVID-19 infections due to the Omicron variant. The sailings...

Indonesia Holds Talks On Coal Export Ban

Indonesia is yet to reach a decision on lifting its coal export ban as authorities discussed overcoming logistic issues that have slowed efforts to...

Ningbo port congestion risk grows amid COVID crackdown

Loading and discharge of container vessels is proceeding normally at the Port of Ningbo, but backlogs there are in the forecast because lockdown restrictions...

Gibson Weekly Tanker Market Report [W01]

The first key item on the agenda for oil markets was the January 4th OPEC+ meeting in which the alliance decided to maintain its...

Korean shipyards command 37% of global orders in 2021, best in 8 years

South Korean shipyards had their best year in eight years in 2021 by commanding 37 percent of worldwide vessel orders by volume or 43...

Iron ore sees solid first week of 2022 on China demand hopes

Iron ore was poised to book solid gains for the week, despite a mixed morning session in Shanghai on Friday, as traders returned from...

Dorian LPG Declares Cash Dividend of $1.00/share; Announces Completion of Financing Transactions for 2 VLGCs

Dorian LPG, a leading owner and operator of modern and ECO very large gas carriers, announced that its Board of Directors has declared a...

Navios Holdings: Repayment of Ship Mortgage Notes; Closing of Debt Financing

Navios Holdings, a global seaborne shipping and logistics company, announced that it closed on a total of $550 million of debt financing. As previously announced,...

Clarksons sees annual profit of at least £69m

Clarksons said it expected to report underlying profit annual of at least £69m stronger than anticipated trading in December. In a short trading statement released...

Heidmar & Capital Announce Formation of Joint Venture

Capital Ship Management Corp. and Heidmar Inc announced the formation of a joint venture combining the long standing commercial strength of the two organizations...

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Navigator Gas announces 6 million share secondary offering

Navigator Holdings revealed that BW Group Limited, a shareholder in the company, is publicly offering 6 million shares of Navigator Gas's common stock. The...

Vantage Drilling contemplates the listing of its shares on Euronext Growth in Oslo

Vantage Drilling International is currently exploring a possible listing of its shares on Euronext Growth Oslo, a multilateral trading facility operated by Euronext. A...

London P&I Club reports strong financial results for the 2023/24 financial year

The London P&I Club announced its financial results for 2023/24, reporting an operating surplus of US$36.3m, strengthening its free reserves to US$149.8m. Gross Earned...

Dorian LPG announces pricing of public offering of 2,000,000 common shares

Dorian LPG announced that it has priced its previously announced underwritten public offering of 2,000,000 shares of common stock, par value $0.01 per share,...

Maersk raises full-year guidance

On the back of continued strong container market demand and the disruption caused by the ongoing crisis in the Red Sea, A.P. Møller -...

Havila Shipping ASA: Contracts with Equinor Energy AS for the PSV vessels

The company has entered into contracts with Equinor Energy AS for the PSV vessels...

Posidonia 2024 bids farewell to record number of participants, renews rendezvous for 2026

2,038 exhibitors from 81 countries present at biggest ever Posidonia Posidonia 2024 has already gone...

Baltic index hits near 1-month peak on strong vessels demand

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

Iron ore struggles for direction as China data counters soft demand outlook

Prices of iron ore futures struggled for direction on Wednesday as support from improved...

Frontline CEO sees ships avoiding red sea even with a ceasefire

It’s “naive” to assume merchant vessels will start sailing through the Red Sea again...

Port Hedland Iron Ore Exports Up 8%

Pilbara Ports delivered a total monthly throughput of 68.8 million tonnes (Mt) for May 2024. This throughput was a 10 per cent increase compared to...

DP World announces major investments in Latin American ports to boost capacity and efficiency

DP World, a global leader in supply chain solutions, is making significant investments in its port terminals in Peru and Ecuador to enhance capacity...

PPA S.A.: Vibrant and engaging presence at Posidonia 2024

PPA S.A. once again showcases its vibrant and engaging presence at the prestigious Posidonia 2024 international shipping exhibition. Drawing a diverse array of visitors from...

China’s port throughput continues to grow; export decline slows further

Total throughput at China’s ports continued to increase in 1Q24, likely because recovering demand in the US and EU boosted container throughput, Fitch Ratings...

Consortium signs MoU for the development of a green methanol facility in Egypt

AD Ports Group, a facilitator of global trade, logistics and industry, Transmar, a leading container shipping line and terminal operator in the MENA region,...