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Baltic index ticks down as smaller vessel rates dip

The Baltic Exchange’s dry bulk sea freight index declined on Thursday, as lower rates for panamax and supramax vessels outweighed strength in the capesize...
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COSCO Shipping Energy orders 6 new tankers

COSCO Shipping Energy Transportation has finalized shipbuilding contracts for six new tankers worth a total of $449 million (approximately RMB 2.9 billion). Hainan COSCO Shipping...
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Golden Ocean: Lars-Christian Svensen appointed permanent CEO

Golden Ocean Group has made Lars-Christian Svensen permanent chief executive. “The board is delighted to have appointed Lars-Christian Svensen, who has demonstrated his abilities serving...
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Avance Gas agrees sale of 2008-built Venus Glory

Avance Gas announced that it has entered into an agreement to sell the Very Large Gas Carrier (VLGC), Venus Glory, built 2008, for a...
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MSC widens container shipping market lead

MSC (Mediterranean Shipping Company) has strengthened its position as the world’s largest container carrier, widening the gap to second-ranked Maersk by 1.1 million twenty-foot...
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Korean Shipbuilding Industry Increasingly Anticipating Landing Tanker Orders

In 2024, Korean shipbuilders are likely to benefit from an increase in tanker orders because of increased distances for crude oil transportation due to...
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Sale of APM Terminals Castellón to Noatum Terminals Completed

After careful evaluation, APM Terminals has decided to divest its terminal facility in Castellón, Spain (APM Terminals Castellón) upon reaching an agreement with Noatum...
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Baltic index edges down as demand for smaller vessels slips

The Baltic Exchange’s dry bulk sea freight index eased on Wednesday, as falling rates for panamax and supramax vessels overshadowed gains in the capesize...
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Iron ore climbs to multi-month high

Iron ore futures climbed to multi-month highs on Tuesday, with sentiment boosted by upbeat economic data in top consumer China and mounting expectations of...
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Maersk Broker to rebrand as MB Shipbrokers in management buyout

The management of Maersk Broker, one of the oldest continuously operating brokers in the shipping industry, has agreed to a management-led buyout of the...
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ADNOC L&S delivers robust Q1 2025 financial results, fueled by strategic expansion

ADNOC Logistics and Services, a global energy maritime logistics company, announced financial results for the first quarter ending March 31, 2025. ADNOC L&S revenue for...

Danaos increases stake in Star Bulk

Danaos has increased its shareholding in Star Bulk Carriers, the company has revealed. According to a relevant SEC filing, Danaos has acquired approximately 2.03m shares...

Cheniere reports first quarter 2025 results and reconfirms full year 2025 financial guidance

Cheniere Energy announced its financial results for the first quarter 2025. RECENT HIGHLIGHTS During the three months ended March 31, 2025, Cheniere generated revenues of approximately...

DIS reports “another very profitable quarter”

The Board of Directors of d'Amico International Shipping, a leading international marine transportation company operating in the product tanker market, today examined and approved...

Costamare posts USD 95 mln net income in 1Q2025

Costamare reported unaudited financial results for the first quarter ended March 31, 2025 (“Q1 2025”). I. PROFITABILITY AND LIQUIDITY • Q1 2025 Net Income available to...

“Shaping the Future of Shipping” summit to be held in Athens

The Ministry of Maritime Affairs and Insular Policy, the International Chamber of Shipping and...

Baltic Index falls to two-week low as capesize segment declines

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

Wärtsilä launches carbon capture solution to shipping market after world-first full-scale installation success

Technology group Wärtsilä has announced that its breakthrough carbon capture solution (CCS) is now...

Wallenius Wilhelmsen secures $140 million heavy equipment shipping contract

Wallenius Wilhelmsen enters into a three-year shipping contract with one of the world’s leading...

Baltic Index falls as capesize segment declines

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

DP World signs agreement to launch $760M port and free trade zone in Dominican Republic

DP World has signed a landmark US$760 million Memorandum of Understanding (MoU) with the government of the Dominican Republic to expand the Port of...

ThPA: The works for the 6th pier will be completed in 3.5 years

The works on the 6th pier at the port of Thessaloniki, which will start by the end of June, are expected to be completed...

Piraeus Port investing in infrastructure upgrade

A working meeting was held between the Minister of Maritime Affairs and Insular Policy Vasilis Kikilias and the management of PPA S.A., in the...

AD Ports Group and Egypt’s Suez Canal Economic Zone sign agreement to develop KEZAD East Port Said Zone

AD Ports Group, a global enabler of trade, transport, logistics, and industry, and the General Authority for Suez Canal Economic Zone (SCZONE), the integrated...

Thessaloniki Port Authority hosts 21st European Ports conference on May 8-9

Thessaloniki welcomes leading representatives of the European port industry on May 8 and 9, as part of the 21st Annual European Ports Conference, hosted...

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