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Tuesday, June 25, 2024
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OPEC oil output again misses target in June as outages weigh – survey

OPEC in June did not deliver on an oil output increase pledged under a deal with allies, a Reuters survey on Friday showed, as...

Iranian-flagged tanker in Greece tugged to Piraeus port

An Iranian-flagged tanker seized by Greece in April, part of whose cargo was confiscated by the United States, was being towed to the port...

Biden Offshore Drilling Plan Could Bring Up to 11 Lease Sales

The Biden administration opened the door to selling new oil and gas drilling leases in the Gulf of Mexico and Alaska in a move...

HCOB refinances 7 vessels for Hamburg Bulk Carriers

Hamburg Commercial Bank (HCOB) has provided Hamburg Bulk Carriers, a shipping company based in Hamburg and Singapore, with 95 million US-Dollar to refinance a...

CMA CGM, ENGIE to Produce Biomethane Fuel For Shipping

Shipping line CMA CGM and energy group Engie plan to launch biomethane production in France in 2026 as they look to develop the renewable...

France Asks CMA-CGA To Lower Rates

French Finance Minister Bruno Le Maire on Wednesday put fresh pressure on the country’s biggest energy and shipping companies to use part of bumper...

Iron ore falls at end of bumpy quarter on China demand woes

Dalian and Singapore iron ore futures fell on Thursday and were on track to post quarterly losses due to persistent demand worries for the...

Stolt-Nielsen Reports Highest Q2 Profit Since 2007

Stolt-Nielsen reported unaudited results for the second quarter and first half of 2022. The Company reported a second-quarter net profit attributable to shareholders of...

Greece offers ships to export grain from blocked Ukrainian ports, NATO says

Greece is willing to provide ships to help export grain from Ukraine’s Black Sea ports that have been blocked by Russia, NATO Secretary-General Jens...

Baltic sea freight index posts first monthly fall since January

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, posted its first monthly drop since January on Thursday...

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TEN Reports Profits for the First Quarter 2024

TEN reported results (unaudited) for the quarter ended March 31, 2024. Q1 2024 SUMMARY RESULTS The first quarter of 2024 has been the springboard for TEN's...

Scorpio Tankers announces updates on its securities repurchase program and second quarter of 2024 daily TCE revenues

Scorpio Tankers announced updates on its securities repurchase program and second quarter of 2024 daily TCE revenues. Securities Repurchase Program The Company recently repurchased 641,654 of...

V. Group embarks on new chapter of growth as consortium led by STAR Capital assumes ownership

V.Group, the global provider of mission critical services to the maritime industry, announced that a consortium led by STAR Capital including Ackermans & van...

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...

Emanuele Grimaldi re-elected as Chairman of the International Chamber of Shipping

The International Chamber of Shipping (ICS) Board of Directors has unanimously re-elected Emanuele Grimaldi,...

Baltic index hits more than one-month high on strong capesize demand

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

Trauma from Red Sea attacks adds to seafarer shortage

When a missile fired by Yemen’s Houthi Islamists landed near his ship in the...

Shipping industry calls for action following Red Sea attacks

The shipping community is appalled and deeply saddened with the tragic news that, yet...

Baltic index snaps 5 sessions of gains as larger vessel rates dip

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

India approves new deep sea port to boost trade with Europe

India’s cabinet approved development on Wednesday of a new deep-water port that the government said will be a crucial part of a plan to...

DP World Romania doubles container shipping capacity in Black Sea port

DP World Romania has more than doubled its container shipping operating capacity in the Black Sea port of Constanta following investment that will also...

PPA: Two-day workshop on the preparation of the Regulation for tugboats

On May 29 and 30, 2024, PPA conducted an interactive workshop for the study and preparation of the Regulation for tugboats, following the issuance...

Zero Emission Port Alliance onboards leading organisations in container port industry

The Zero Emission Port Alliance (ZEPA) announces the onboarding of 11 organizations from the container port industry. Among the members are APM Terminals, CATL,...

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...