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Eni acquires the Tango FLNG to produce and export LNG from the Republic of Congo

Eni informs that it has acquired the company Export LNG Ltd, which owns the Tango FLNG floating liquefaction facility, from Exmar group. The facility...

Star Bulk continues strong performance in 2022

Star Bulk announced its unaudited financial and operating results for the second quarter of 2022. Petros Pappas, Chief Executive Officer of Star Bulk, commented: “Star...

UK’s Biggest Container Port To Be Hit By Eight Days of Strikes

Almost 2,000 dock workers at Britain’s biggest container ship port plan to strike for eight days this month after failing to reach a pay...

Korea’s Big Three shipbuilders in red despite growing order backlog

South Korea’s three major shipbuilders remain in the red despite hefty new ship orders so far this year, led by high-priced vessels such as...

Gibson Weekly Tanker Market Report [W31]

Bearish economic news has recently dominated headlines, increasing fears of a global recession...

China’s July iron ore imports gain on-year

China’s imports of iron ore in July rose 3.1% from a year earlier, customs data showed on Sunday, as steelmakers’ margins improve despite concerns...

Ukraine wants shipping safe passage deal to extend beyond grain

Three grain ships left Ukrainian ports on Friday under a safe passage deal while the first inbound cargo vessel since Russia’s invasion was due...

S&P Dow Jones Indices Launches S&P GSCI Freight Indices Tracking Dry Bulk Sector

S&P Dow Jones Indices, the world’s leading index provider, today announced the launch of the S&P GSCI Freight Index Series, expanding S&P DJI’s suite...

Eagle Bulk reports record net income of $94.5 million

Eagle Bulk reported financial results for the quarter ended June 30, 2022. Quarter highlights: Generated Revenues, net of $198.7 million Achieved TCE(1) of $30,207/day basis TCE Revenue(1)...

Teekay posts improved results in Q2 on higher spot tanker rates

Teekay Corporation reported results for the three and six months ended June 30, 2022. These results include the Company’s publicly listed consolidated subsidiary, Teekay...

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Unifeeder CEO steps down

Unifeeder CEO Jesper Kristensen has stepped down from his role at the shipping company. Martin Gaard Christiansen will assume the role of CEO at Unifeeder...

WFW advises ABN AMRO & ING on $245M loan to Tsakos Energy

Watson Farley & Williams advised ABN AMRO BANK N.V. and ING BANK N.V. on a US$245m term loan facility granted to Tsakos Energy Navigation Limited for...

OOCL announces operational update for the 2nd Quarter 2024

Orient Overseas Container Line (“OOCL”) announced its unaudited operational update for the second quarter ended 30th June 2024. For the second quarter ended 30th June...

Icon Energy announces listing on Nasdaq and pricing of $5.0 million initial public offering

Icon Energy, an international shipping company that provides worldwide seaborne transportation services for dry bulk cargoes, announced the pricing of its initial public offering...

Gunvor secures US $1.32 billion sustainability-linked syndicated RCF

Gunvor Singapore, a wholly-owned subsidiary of Gunvor Group Ltd, has closed a US $1.2 billion sustainability-linked, syndicated revolving credit facility on 14 June 2024. The...

Baltic index hits one-month low as capesize rates slide

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

Maersk says Red Sea shipping disruption having global effects

Denmark’s A.P. Moller-Maersk said on Wednesday that disruption to its container shipping via the...

Oman says crew member of capsized tanker found dead and nine rescued

Omani authorities say nine members of a 16-strong Indian and Sri Lankan crew have...

Shipowner denies Houthi attack claim

Yemen’s Houthis did not attack the Cyprus-flagged Olvia tanker in the Mediterranean, the ship’s...

16 missing after oil tanker ‘Prestige Falcon’ capsizes off Oman

The 16-strong crew of a Comoros-flagged oil tanker that capsized off Oman are still...

COSCO SHIPPING Ports Abu Dhabi Terminal’s cumulative throughput exceeds 5 million TEUs

On July 5th, CSP Abu Dhabi Terminal surpassed 5 million TEUs in throughput. Since its opening in December 2018, the terminal has launched over...

Adani to double investment in Transshipment Port to $2.4 billion

Billionaire Gautam Adani’s conglomerate is doubling investment to $2.4 billion in its new mega port in southern India as it seeks to expedite expansion...

Germany: Hamburg port workers on ‘warning strike’ over pay

Workers at the Port of Hamburg stopped work early on Tuesday, with their colleagues at Bremen-Bremerhaven taking the same action several hours later. The trade...

US ports oppose tariff on China-made cranes

US ports are pushing back against the recently proposed 25 percent tariff on Chinese-made ship-to-shore (STS) cranes, warning that the increased costs would have...

EXPLORA I arrives in Piraeus for her maiden call ahead of the eastern mediterranean season

Piraeus Port of Athens welcomed EXPLORA I for her maiden call marking the ship’s debut in the Eastern Mediterranean. The ship is the first...