Wednesday, February 1, 2023
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Intermodal Weekly Market Report [W09]

Whilst everyone focuses on the newly imposed banking sanctions and SWIFT bans, at the same time a new financial environment is growing in the...

Intermodal Weekly Market Report [W07]

The newbuilding market activity since the start of the year is following the same momentum that we have been witnessing during 2021...

Intermodal Weekly Market Report [W06]

After a very hot dry bulk market, the 7th October 2021 – when BDI reached the 5,650 points mark, was the turning point on...

Intermodal Weekly Market Report [W05]

Iron ore prices have jumped significantly in the week prior to the Chinese New Year with traders and producers stocking up on raw materials.

Intermodal Weekly Market Report [W04]

Oil prices have rallied to the highest level since October 2014 breaking above $90/bbl recently.

Intermodal Weekly Market Report [W50]

As an outstanding year for the dry bulk freight market comes to a close, so does a thriving year for the SnP market which...

Intermodal Weekly Market Report [W49]

Moving towards the end of 2021, the ship repair sector ends up unfortunately with the same uncertainty we had while ending the previous year...

Intermodal Weekly Market Report [W46]

Inflation is the word that has dominated the meetings of foreign leaders and finance ministers in recent weeks, as rising energy costs, supply chain...

Intermodal Weekly Market Report [W45]

It has been another declining week for the dry bulk market and evidently, we are seeing asset values gradually losing momentum as well...

Intermodal Weekly Market Report [W44]

COP26, 77 countries pledged to phase out coal by 2050 but the world’s biggest names in coal including China, India, the US and Australia...

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Wartsila: A challenging year with strong annual growth

HIGHLIGHTS FROM OCTOBER–DECEMBER 2022 Order intake decreased by 24% to EUR 1,638 million (2,150)Service order intake increased by 6% to EUR 791 million (747)Net sales...

Hapag-Lloyd achieves extraordinarily strong result in its anniversary year 2022

On the basis of preliminary and unaudited figures, Hapag-Lloyd has concluded the 2022 financial year – in which it celebrated its 175th anniversary –...

Bahri sees profits soar in 2022

Saudi Arabia’s Bahri has seen its profits soar by over 400% in 2022 following a boom in tanker rates, boosting the shipping giant’s oil...

Euronav Files Second Arbitration Against Frontline

Euronav NV hereby informs its shareholders that on 28 January 2023 it has filed an application request for arbitration on the merits in relation...

Oaktree looking at block sale of existing shares in Hafnia Limited

OCM Luxembourg Chemical Tankers S.à r.l. which is ultimately controlled by funds managed by Oaktree Capital Management L.P. (the "Seller") has retained Fearnley Securities,...

Baltic index logs worst month in 3 years

The Baltic Exchange’s main sea freight index registered its biggest monthly percentage fall in...

Baltic index snaps 9-day losing streak as panamax, supramax rates rise

The Baltic Exchange’s main sea freight index snapped its nine-session losing streak on Tuesday,...

Cyprus shipping making waves – report

Cyprus shipping, the steady driver of the economy, is sailing for better times, having...

Baltic index hits fresh multi-year lows on capesize dip

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

Baltic index falls for seventh session on lower capesize demand

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

Port of Long Beach Closes 2022 with Second-Busiest Year

The Port of Long Beach marked its second-busiest year on record by moving 9.13 million twenty-foot equivalent units in 2022, allowing for a return...

Hapag-Lloyd AG acquires share in J M Baxi Ports & Logistics Limited

Hapag-Lloyd AG signed a binding agreement today under which it will acquire 35% of J M Baxi Ports & Logistics Limited (JMBPL) from a...

Nigeria opens ‘game changer’ billion-dollar deep seaport

Nigeria opened a billion-dollar Chinese-built deep seaport in Lagos on Monday, which is expected to ease congestion at the country’s ports and help it...

SC Ports handles nearly 3 million TEUs in record 2022

South Carolina Ports had a record 2022 with the most containers ever handled at the Port of Charleston. SC Ports moved nearly 2.8 million TEUs...

January oil loadings from Russia’s Baltic ports set to jump 50% vs Dec

Urals and KEBCO crude oil loadings from Russia’s Baltic ports of Primorsk and Ust-Luga in January are set to rise by 50% from December...