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Friday, February 14, 2025
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MPC Capital expands maritime services business with energy efficiency and performance management solutions

The investment and asset manager MPC Capital has acquired a 50% stake in the performance management company BestShip GmbH & Cie. KG from Norwegian...
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Yara Clean Ammonia and NYK conclude world’s first time-charter agreement for ammonia-fueled medium gas carrier

Yara Clean Ammonia, the world’s largest ammonia distributor, signed a time-charter contract with Nippon Yusen Kabushiki Kaisha (NYK) for an ammonia-fueled medium gas carrier...
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H-Line Shipping orders newbuild LNG bunkering vessel

HJ Heavy Industries has received an order for an 18,000m3 LNG bunkering ship from H Line Shipping for KRW127.1 billion ($87.6 million). "As the second-term Trump...
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GTT, COSCO SHIPPING LNG Investment and COSCO SHIPPING Heavy Industry sign a cooperation agreement

GTT, COSCO SHIPPING LNG Investment (Shanghai) Co., LTD. (CSLNG) and COSCO SHIPPING Heavy Industry Co., LTD. (CHI), have signed a cooperation agreement. This is...
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A.P. Moller Capital invests in Spanish ports group

A.P. Moller Capital announced new partnership with Bergé y Compañía to grow BERGÉ into a leading ports infrastructure company in Iberia and Latin America. Founded...
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Danaos profitability ‘remains consistent’; 2 newbuilding containerships added to orderbook

Danaos Corporation, one of the world's largest independent owners of container vessels and drybulk vessels, reported unaudited results for the period ended December 31,...
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Iron ore at multi-month high as improving fundamentals outweigh Trump tariff threat

Iron ore futures gained on Monday as earlier losses triggered by U.S. President Donald Trump’s latest tariff threats were countered by signs of recovering...
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Baltic index falls as larger vessel rates dip

The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, retreated on Monday due to weaker larger...
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Nordic Chartering welcomes Hacklin onboard

Oy Hacklin expands its scope of business in the logistics sector with the acquisition of a considerable stake in the Finnish short sea operator...
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Korea surpasses China in January ship orders, securing 62% of global market share

South Korea has outpaced China to secure the highest volume of ship orders in January, according to a report by Clarkson Research, a British...
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Ardmore Shipping announces financial results for the three and twelve months ended December 31

Ardmore Shipping Corporation announced results for the three and twelve months ended December 31, 2024. Highlights and Recent Activity Reported Adjusted earnings of $10.3 million for...

Navios Partners posts $1.33 billion revenues in 2024

Navios Maritime Partners L.P, an international owner and operator of dry cargo and tanker vessels, reported its financial results for the fourth quarter and...

Scorpio Tankers announces financial results for the fourth quarter of 2024 and the declaration of a dividend

Scorpio Tankers Inc. (NYSE: STNG) ("Scorpio Tankers" or the "Company") today reported its results for the three months and year ended December 31, 2024....

Wallenius Wilhelmsen closes record-year with another solid quarter

The financial result for the full year of 2024 is another record-breaking result for Wallenius Wilhelmsen as it exceeds the 2023 results. Adjusted EBITDA for...

HMM sees 2024 earnings & profits rise

HMM reported revenue of KRW 11,700 billion (US$8 billion), operating profit of KRW 3,513 billion (US$2.42 billion), and net profit of KRW 3,781 billion...

Baltic index snaps 3-day losing streak as supramax rates climb

The Baltic Exchange’s dry bulk sea freight index, which measures shipping rates for vessels...

Baltic index declines for third day as capesize plunges to 2-year lowBaltic

The Baltic Exchange’s dry bulk sea freight index, which measures shipping rates for vessels...

Baltic index slips on lower capesize, panamax rates

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

Suspected Somali pirates seize boat off Horn of Africa

Suspected Somali pirates have seized a Yemeni fishing boat off the Horn of Africa,...

MPC Capital expands maritime services business with energy efficiency and performance management solutions

The investment and asset manager MPC Capital has acquired a 50% stake in the...

An increasing number of cruise lines choose Piraeus as their homeport

More and more cruise lines are choosing the port of Piraeus as their starting point and homeporting point for their voyages. The benefits of homeporting...

Zululand Energy Terminal signs agreement to operate South Africa’s first LNG Terminal

Zululand Energy Terminal, a joint venture between Vopak Terminal Durban and Transnet Pipelines (TPL), has officially signed the Terminal Operator Agreement (TOA) with Transnet...

Thessaloniki port’s Master Plan gets the green light

The long-awaited presidential decree approving the Master Plan for the port of Thessaloniki was published in the Official Gazette, opening the way for the...

A.P. Moller Capital invests in Spanish ports group

A.P. Moller Capital announced new partnership with Bergé y Compañía to grow BERGÉ into a leading ports infrastructure company in Iberia and Latin America. Founded...

AD Ports, CMA CGM to develop multipurpose terminal in Congo

AD Ports Group, an enabler of integrated trade, transport and logistics, signed a shareholders’ agreement with the CMA CGM Group, a global player in...

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