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Iron ore nears two-week high on stimulus bets, post-holiday restocking

Iron ore futures prices climbed on Monday to their highest in nearly two weeks, buoyed by hopes of potential measures to bolster the feeble...

Overcapacity Still Plaguing Container Shipping

On 26 March 2024, a 9,971 teu container vessel ‘DALI’ collided with the Francis Scott Key Bridge near the Port of Baltimore. The vessel...

Korean Shipbuilders Enjoy Increases in Orders for LPG and LNG Carriers in Q1 2024

While global ship orders in 2024 fell from 2023, orders for high-value-added ships such as liquefied natural gas (LNG) and liquefied petroleum gas (LPG)...

Baltic index slips to near 2-month low on weaker vessel rates

The Baltic Exchange’s dry bulk sea freight index slipped to its lowest level in nearly two months on Monday, pressured by weaker rates across...

Gearbulk Signs Contract For Up To Four 82,300 Dwt Open Hatch Vessels For Delivery In 2027

Gearbulk has signed a contract for delivery of up to four ammonia/ methanol-ready, 82,300 dwt Open Hatch newbuildings. The contract is firm for two...

Trafigura announces management changes

Trafigura, a market leader in global commodities, announces that at the March Board meeting, Executive Director Jose Maria Larocca notified the Board of his...

Yemen’s Houthis Say They Targeted Western Ships

Houthi forces in Yemen said on Sunday they had launched rockets and drones at British, U.S. and Israeli ships, the latest in a campaign...

One Dead, Two Seriously Injured After Fire Hit Pemex Oil Platform In Mexico

At least one contractor was killed after a fire struck an offshore platform operated by Mexico’s national oil company Pemex, the firm said in...

Drewry: World Container Index Down By 3% Last Week

Drewry’s World Container Index decreased by 3% to $2,836 per 40ft container this week. Detailed assessment for Thursday, 04 April 2024 The composite index decreased by...

EU wheat rises as Black Sea risks spur short-covering

Euronext wheat futures rose on Friday, tracking a rally in Chicago as delays to some Russian exports and concern about an escalation in fighting...

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C3IS INC. Announces Reverse Stock Split

C3IS INC. announced that its board of directors has determined to effect a one-for-one hundred (1-for-100) reverse stock split of the Company’s common stock,...

NYK to Issue Transition Bonds and Green Bonds Boosting Ship Fuel Conversion from a Financing Perspective

NYK will issue its 47th unsecured corporate bonds (transition bonds) and 48th unsecured corporate bonds (green bonds) in the Japanese domestic market in early...

Stolt-Nielsen Limited Reports First-Quarter Net Profit Of $104.0 Million

Stolt-Nielsen Limited reported unaudited results for the first quarter ending February 29, 2024. The Company reported a first-quarter net profit of $104.0 million with...

Höegh Autoliners ASA – New Long-Term Financing Arrangements

Höegh Autoliners ASA has recently secured new and long-term financing for all its existing bank debt and the purchase of H. Jacksonville and H....

Trafigura announces management changes

Trafigura, a market leader in global commodities, announces that at the March Board meeting, Executive Director Jose Maria Larocca notified the Board of his...

CLIA releases 2024 State of the Cruise Industry Report

2024 State of the Cruise Industry Report Shows Cruise Tourism Has Surpassed Historical Levels,...

Baltic index hits one-week high as larger vessel rates rise

The Baltic Exchange’s dry bulk sea freight index rose to a one-week high on...

Posidonia 2024 marks the rebirth of the Greek shipbuilding industry

Greece’s revitalised shipbuilding industry will be prominently represented during Posidonia 2024, signalling a strong...

Baltic index snaps 14-session losing streak on firm capesize rates

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

Baltic index extends decline as larger vessel rates dip

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

Piraeus: Perama Ship Repair Zone Undergoes Upgrade

On Friday, April 5th, two cutting-edge double level luffing jib shipbuilding cranes arrived at the Port of Piraeus. They are soon to be unloaded...

DP World & Rumo To Build New Grain And Fertilizer Terminal At Brazil’s Santos

DP World has joined forces with Brazilian railway operator Rumo to build a new terminal at the Port of Santos, to handle 12.5 million...

HMM, SIPG to cooperate on eco-friendly fuel

South Korea’s major ocean carrier HMM Co. announced on Wednesday that it signed a Shanghai Port Clean Marine Fuel memorandum of understanding (MOU) with...

Piraeus Port Authority: New Revenue & Profit Highs in 2023

The Piraeus Port Authority S.A. announced its financial results for the fiscal year 2023. Total revenues reached €219.8 million, up by 12.9% or €25.2...

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...