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Yang Ming Chief Sees Port Bottlenecks Easing

Port bottlenecks that have increased supply-chain congestion because of the war in Ukraine and lockdowns in China may be showing signs of easing, according...

NYK Launches Brands Emphasizing Net-Zero Emissions by 2050

NYK has launched its new “NYK GREEN EARTH” brand to consolidate its efforts to generate new value for low-carbon and decarbonization through green business....

India tells its states to step up coal imports for 3 years

India has urged its states to step up coal imports for the next three years to build up inventories and satisfy demand, four sources...

U.S. crude stocks up, fuel inventories dip – EIA

U.S. crude stocks rose while gasoline and distillate inventories fell last week, the Energy Information Administration said on Wednesday. Crude inventories rose by 692,000...

Baltic index hits near 1-month high on stronger capesize

The Baltic Exchange’s main sea freight index extended gains to a sixth day, hitting a near one-month high on Wednesday, supported by strong rates...

BIMCO publishes greenhouse gas position statement

The Board of Directors of BIMCO has approved the organisation’s updated greenhouse gas (GHG) position statement, elaborating on who it believes should pay for...

Wärtsilä to write-off 200 MEUR related to assets and business operations in Russia

Wärtsilä is set to write-off approximately 200 MEUR related to assets and business operations in Russia. A company announcement reads: Wärtsilä strongly condemns the war...

Greece to upgrade Revithoussa LNG terminal in preparation for energy supply disruptions

Greece’s only liquefied natural gas (LNG) terminal on the islet of Revithoussa near Athens will be upgraded as the country is preparing its energy...

OOCL Making Aggresive Grab for Asia-Europe Market Share

OOCL’s first-quarter operational numbers not only confirm the unflagging colossal profitability of the liner industry, but also reveal the Hong Kong-based carrier’s aggressive market...

NYK Takes Delivery of Third Methanol-Fueled Chemical Tanker

The methanol-fueled chemical tanker Grouse Sun, owned by NYK Bulkship (Asia) Pte. Ltd., an NYK Group company based in Singapore, was delivered on April...

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Hafnia files for listing on New York Stock Exchange

Hafnia Limited announced that it has publicly filed a registration statement on Form 20-F with the U.S. Securities and Exchange Commission, with the intention...

Carnival rides on record cruise demand to lift annual profit forecast

Carnival Corp opens raised its annual profit forecast on Wednesday, anticipating a record year of bookings as the company benefits from a rise in...

TEN Beats Revenue Estimates In Q4

Tsakos Energy Navigation reported fourth-quarter FY23 Voyage revenue of $220.2 million, down from $270.3 million in the prior year quarter but above the consensus...

Euronav Announces Dividend Proposal And Further Fleet Optimisation And Growth

Euronav NV announces its dividend proposal at the Annual Shareholders’ Meeting and further fleet optimisation with the sale of three VLCCs, the delivery of...

BW Group Contemplating Block Sale of Shares in Hafnia

BW Group Limited has retained DNB Markets, part of DNB Bank ASA, Fearnley Securities AS, and Pareto Securities AS as Joint Global Coordinators and...

Baltic index posts worst week in more than two months

The Baltic Exchange’s main dry bulk sea freight index extended declines on Thursday to...

Cruise Division of MSC Group Further Strengthens Greece Offering

MSC Cruises and Explora Journeys to make over 400 calls to Greek ports in...

Houthis could partner with Iran, Somali pirates on Indian Ocean attacks

Yemen-based Houthi militants could keep the promise to extend their attacks to merchant ships...

Baltic index slides for seventh straight session

The Baltic Exchange’s main dry bulk sea freight index on Wednesday fell for the...

Shipping traffic freezes up in port waters after Baltimore bridge collapse

Ships sailing to the U.S. port of Baltimore dropped anchor in waters nearby while...

Adani acquires 95% stake in Gopalpur Port

APSEZ has entered into a definitive agreement to acquire Gopalpur Port Limited (GPL) at an enterprise value of INR 3,080 crore Gopalpur is a road-rail...

Shipping traffic freezes up in port waters after Baltimore bridge collapse

Ships sailing to the U.S. port of Baltimore dropped anchor in waters nearby while vessels were stranded inside the port after traffic was halted...

MSC completes agreement for Clasquin

MSC Mediterranean Shipping Company, through its subsidiary SAS Shipping Agencies Services Sàrl, has announced an agreement to acquire a 42.06% stake in Clasquin, a...

Port Hedland Iron Ore Exports Steady in February 2024

Pilbara Ports delivered a total monthly throughput of 52.7 million tonnes (Mt) for February 2024. This throughput was a four per cent decrease compared to...

Successful transportation of electric busses through Port of Piraeus

A total of 140 Yutong electric busses were successfully transported, reaching the Port of Piraeus and efficiently unloaded at the car terminal station for...