Sunday, December 10, 2023
HomeNews

News

Subscribe

To our FREE newsletter
Get all the latest maritime news delivered straight to your inbox.

News

Baltic index snaps 8-session winning streak as larger vessel rates fall

The Baltic Exchange’s dry bulk sea freight index .BADI, tracking rates for ships carrying dry bulk commodities plunged on Tuesday, snapping an eight-session-long winning...

Celestyal awarded “Passenger Line of the Year” at Lloyd’s List 20th Annual Greek Shipping Awards

Celestyal, the award-winning, number one choice for cruise travelers to the Greek islands and beyond, has achieved another remarkable distinction. At the prestigious 20th...

Maersk Tankers orders up to 10 ammonia carriers

Maersk Tankers has confirmed that it has ordered up to ten very large ammonia carriers (VLACs) at Hyundai Samho Heavy Industries in Korea. The order...

Wärtsilä introduces four methanol engines

Technology group Wärtsilä will introduce another four methanol engines to its portfolio, setting a new industry benchmark with the broadest methanol engine portfolio currently...

Awilco LNG refinances ships in leasback deal

Awilco LNG announcde that a term sheet for refinancing of the Company’s two 2013-built 156,000 cbm TFDEs WilForce and WilPride has been agreed and...

War Risk Insurance Rates Edge Up Amid Red Sea Ship Attacks

War risk insurance premiums edged up for Red Sea voyages after three vessels were attacked in the area on Sunday and fears grow over...

Maersk to invest in integrated supply chain capabilities in Southeast Asia

A.P. Moller-Maersk (Maersk) announced more than USD$500 million investment to expand its supply chain infrastructure to support Southeast Asia’s emergence as a global production...

Iron ore benchmarks diverge as China tries to cool prices

The two main spot prices for iron ore diverged last week, with Singapore-traded contracts gaining but China’s domestic futures posting a decline. The two benchmarks...

Baltic index gains hits a one-and-a-half year high on strong vessel demand

The Baltic Exchange’s dry bulk sea freight index rose for the eighth consecutive session on Monday, hitting a one-and-a-half year high as rates climbed...

George Economou acquires 5% stake in Seanergy

According to a relevant SEC filing, George Economou has acquired a stake in Seanergy Maritime. Specifically, the filing shows Sphinx, a subsidiary of Maryport Navigation,...

Video

Latest Articles

Finance & Economy
Shipping News
Ports

Global Ship Lease Announces CEO Transition

Global Ship Lease has announced that Ian Webber, its Chief Executive Officer, has chosen to retire from the CEO role he has held since...

Awilco LNG refinances ships in leasback deal

Awilco LNG announcde that a term sheet for refinancing of the Company’s two 2013-built 156,000 cbm TFDEs WilForce and WilPride has been agreed and...

George Economou acquires 5% stake in Seanergy

According to a relevant SEC filing, George Economou has acquired a stake in Seanergy Maritime. Specifically, the filing shows Sphinx, a subsidiary of Maryport Navigation,...

Frontline Reports $107.7 Million Profit in Q3

Frontline reported unaudited results for the nine months ended September 30, 2023: Highlights Profit of $107.7 million, or $0.48 per basic and diluted share for the...

Euronav: Dividend Distribution For Q3 2023 & Business Update

Euronav NV provides a business and dividend update following the recent board and management changes. The Supervisory board has agreed to distribute USD 0.57 per...

Maersk to deploy first large methanol-enabled vessel on Asia – Europe trade lane

Maersk is about to launch the first of its 18 large methanol-enabled vessels currently...

Baltic index extends losses on lower vessel demand

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

IMO Adopts Tougher Resolution to Tackle ‘Shadow’ Tanker Fleet

The United Nations’ shipping agency on Wednesday adopted a resolution targeting illicit shipping practices...

Weaker vessel rates push Baltic index lower

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

Panama Chaos Grows as US Diesel Shippers Bypass Canal

The worsening bottlenecks at the drought-stricken Panama Canal are pushing at least one US...

Clasquin: Exclusive Negotiations With SAS, Subsidiary of MSC

Mr. Yves REVOL and OLYMP, controlling shareholders of Clasquin SA (Paris:ALCLA), announced that they have entered into exclusive negotiations with SAS Shipping Agencies Services...

Port Houston Breaks Export Record

October was the biggest month ever for loaded exports at Port Houston, up 6% compared to last October. Port Houston’s loaded exports are up...

Port of Piraeus working on first shore power connection slots for 2024

The Piraeus Port Authority (PPA), which manages the largest and busiest port in Greece, announced the first five shore power connection slots for ferry...

Two major US cruise operators interested in buying Lavrio port

The tender for the concession of Lavrio port is set to begin in the next few weeks. Sources tell Kathimerini there are at least two...

Biden Administration Invests Over $650 mln in US Ports to Strengthen Supply Chains

The U.S. Department of Transportation’s Maritime Administration (MARAD) announced over $653 million to fund 41 port improvement projects across the nation under the Port...