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Danaos Announces New Charters for 10 Vessels; Increases Contracted Backlog to Over $2 Billion

Danaos announced that it has entered into new charter agreements for 10 of its vessels, including one 8,500 TEU vessel, three 3,400 TEU vessels...

Seaspan to Redeem Remaining Fairfax Senior Notes

Seaspan Corporation, a wholly owned subsidiary of Atlas Corp., announced its intention to redeem all of its remaining 5.50% senior notes held by certain...

Biden administration appeals federal court decision to block oil, gas leasing pause

The Biden administration on Monday challenged a federal judge’s decision in June to block the Interior Department’s pause on oil and gas leasing on...

Baltic index momentum continues, hits highest in over a decade

The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, jumped to its highest in over a decade...

Samsung Heavy Industries Being Dragged into Drillship Lawsuit Again

Samsung Heavy Industries is again being dragged into a drillship lawsuit by Brazilian state-owned oil company Petrobras. The company announced in a public disclosure...

Odfjell SE completes exit from gas carrier segment

On August 16, 2021, Odfjell Gas Shipowning AS, a subsidiary 100% owned by Odfjell SE, entered into a transaction agreement with BW Epic Kosan...

South Korean Shipbuilders Attracting Orders

Clarksons Research reported that the global shipbuilding orders added up to 4.01 million CGT last month and 45 percent, 44 percent and 10 percent...

Brazil’s 2022 soy exports to hit unprecedented 90 mln tonnes

Soybean exports from Brazil are expected to total 90 million tonnes in 2022, a potential new record from a projected historical high this year,...

BIMCO: Are we looking at the next dry bulk super cycle? Is it even a cycle?

Throughout the first half of the year, talk of a new dry bulk super cycle has been on many lips as commodity prices have...

SEACOR Holdings acquires U.S. Shipping Corp

SEACOR announced the completion of its acquisition of U.S. Shipping Corp, a privately owned, leading provider of long-haul marine transportation for chemical and petroleum...

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StealthGas posts record quarterly profit

StealthGas, a ship-owning company serving the liquefied petroleum gas (LPG) sector of the international shipping industry, announced its unaudited financial and operating results for...

Golden Ocean announces first quarter 2024 results

Golden Ocean Group, the world’s largest listed owner of large size dry bulk vessels, announced its unaudited results for the quarter ended March 31,...

Dorian LPG posts record profit

Dorian LPG, a leading owner and operator of modern very large gas carriers reported its financial results for the three months and fiscal year...

ZIM reports financial results for the first quarter of 2024; raising full year 2024 guidance

ZIM Integrated Shipping Services, a global container liner shipping company, announcedits consolidated results for the three months ended March 31, 2024. First Quarter 2024 Highlights Net...

Okeanis Eco Tankers – New financings update

Okeanis Eco Tankers announced the following financings update relating to its fleet: On May 20, 2024, we entered into a new $60.0 million senior secured...

Damen Shipyards and SAFEEN Group to bring the first electric tug to the Middle...

Damen Shipyards and SAFEEN Group, part of AD Ports Group, have signed an agreement...

Baltic index dips on lower capesize rates

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

Baltic index steady as gains in capesize offset lower rates for smaller vessels

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

Houthis strike M/T Wind in Red Sea

At approximately 1 a.m. (Sanaa time) May 18, Iranian-backed Houthis launched one anti-ship ballistic...

Houthis threaten all ships heading to Israel

All ships heading to Israeli ports will be targeted by Yemen’s Iran-backed Houthis and...

Port Houston posts double digit box growth – container volumes up 12 percent through April

Port Houston continues to exceed last year’s container volumes and is up 12% through April with 1,394,094 twenty-foot equivalent units (TEUs). In the month...

Port of Los Angeles cargo rises 12% in April; up 25% in 2024

The docks at the Port of Los Angeles were busy in April, handling 770,337 container units, a 12% increase over the previous year. It...

Baltimore workers to move crashed cargo ship that downed bridge

Workers in Baltimore were preparing to clear a crashed cargo ship nearly as long as the Eiffel Tower from the channel it is blocking,...

The Port of Hamburg begins the year on a positive note

Container throughput improved to 1.9 million TEU in the first quarter of 2024 – despite tense geopolitical and economic conditions. USA traffic continued to...

DP World boosts European trade with €130m investment in Romania

DP World has opened three major new sites in Romania, providing a significant boost to the country’s growing status as a key hub of...