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Wednesday, May 1, 2024
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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...
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Gibson Weekly Tanker Market Report [W49]

The world is changing rapidly around us. One thing that has significantly changed over the last two years is that the environment is much...
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Gibson Weekly Tanker Market Report [W48]

Latin America has historically been home to both a large population and large refining base...
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Gibson Weekly Tanker Market Report [W47]

Europe is once again the centre of the Covid-19 pandemic with rising cases and deaths across the Continent as it battles a fourth wave...
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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...
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Gibson Weekly Tanker Market Report [W46]

As dust settles on COP26, it is time to reflect on what has actually been achieved. A number of agreements were reached, although not...
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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...
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Gibson Weekly Tanker Market Report [W45]

It’s not very often that a leader of a large oil producing nation calls on other oil producing countries to actually pump more oil....
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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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Gibson Weekly Tanker Market Report [W44]

For the past two decades, the tanker market has benefited from strong, near continuous growth in Chinese crude oil imports...
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Capital Product Partners sees net income rise 239% in 1Q2024

Capital Product Partners released its financial results for the first quarter ended March 31, 2024. Highlights  Three-month periods ended March 31, 20242023Increase / (Decrease)Revenues$104.5 million$81.0 million29%Expenses$54.9 million$45.1...

Safe Bulkers posts higher profit in Q1

Safe Bulkers, an international provider of marine drybulk transportation services, announced its unaudited financial results for the three month periods ended March 31, 2024....

Nakilat posts strong 1Q 2024 results

Qatar Gas Transport Company (Nakilat)'s Net Profit rose by 6.1 percent in Q1 of 2024, to become QR 419,757,000, compared to a Net Profit...

Capital Product Partners L.P. announces cash distribution

Capital Product Partners announced that its board of directors has declared a cash distribution of $0.15 per common unit for the first quarter of...

BW LPG shares to start trading on NYSE

BW LPG issued an announcement regarding the Company′s public filing of a registration statement on Form 20-F with the U.S. Securities and Exchange Commission,...

Baltic index steady as gains in capesize offset lower rates for smaller vessels

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

Red sea diversions spew carbon emissions equal to 9 million cars

Ships seeking to avoid ongoing attacks by Houthi rebels in the Red Sea area...

Cyprus Shipping Chamber applauds adoption of net-zero act

The Cyprus Shipping Chamber recently announced that it welcomed the adoption of the Net-Zero...

Baltic index slips for 6th day on weaker vessel rates

The Baltic Exchange’s dry bulk sea freight index fell on Monday, hurt by weaker...

Houthis Attack Greek Ship, 2 US Destroyers

Yemen’s Houthis have targeted two US destroyers and the vessel CYCLADES in the Red...

China COSCO may seek arbitration over exclusivity rights to Peru mega-port

The Peruvian government is looking to avoid an international arbitration process which could be filed by Chinese port operator Cosco Shipping over a legal...

Record-breaking container throughput at the Port of Gothenburg following import surge

The container volumes at the Port of Gothenburg continue to increase from last year’s record levels. During the first quarter of 2024, more containers...

Maersk commits $600 million investment in Nigeria’s ports

Nigeria secured a $600 million investment in seaport infrastructure from Danish shipping company A.P. Moller-Maersk MAERSKb.CO, the presidency said in a statement on Sunday. The investment was secured during...

Stranded ships exit Baltimore port via temporary channel

Four cargo ships, stuck for about a month at the Port of Baltimore by the ruins of the collapsed Francis Scott Key bridge, have...

Wilhelmsen partners with AD Ports Group and Inveco LLC to enhance trade along Middle Corridor

Wilhelmsen Port Services joins hands with AD Ports Group and Inveco LLC in a strategic partnership, as AD Ports Group takes over 60% ownership...

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