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Egypt to increase Suez Canal’s revenues by 5.6% in 21/22

Egypt’s 2021/2022 plan aims to increase the revenues of the Suez Canal by 5.6 percent, according to Minister of Planning and Economic Development Hala...

Supramax, Handysize reach peak freight levels in robust market

Spurred by robust demand for commodities along with port congestions and fleet inefficiencies, the smaller bulker carriers — Supramax and Handysize class ships —...

Cash-rich shipowners double container ship order book in 2021

What’s not to like about 2021 for container shipping? Freight rates are record high, record amounts of cargo are shipped across the Pacific Ocean,...

Euronav announces fixed income investor calls

Euronav mandated DNB Markets, Nordea and Arctic Securities AS to arrange a series of fixed income investor calls commencing on 30th August 2021. A...

Dire Shortage Of Containers Amid Other Setbacks Are Impacting Coffee Supplies

World coffee supplies are suffering a fresh setback from stringent travel curbs imposed in second-biggest grower Vietnam to control the worsening spread of the...

Cambodia’s oil export ambitions sink with “stolen” tanker standoff

When Cambodian officials commemorated the start of the country’s first oil project in June by preserving the first drops of production at a high...

Höegh LNG posts USD 87 million total income in Q2

Höegh LNG Holdings and its subsidiaries reported a total income of USD 87 million for the second quarter of 2021, compared with USD 84...

EU cuts 2021/22 wheat crop forecast to 127.2 mln T

The European Commission on Thursday cut its forecast of usable production of common wheat in European Union’s 27 member countries in 2021/22 to 127.2...

Gibson Weekly Tanker Market Report [W37]

The latest VLCCs that have been reported as scrapped have joined a small, but up to recently growing number of tankers heading to recycling...

Noble Announces Divestment Of Four Jackups In Saudi Arabia

Noble Corporation announced that subsidiaries of the Company have reached a definitive agreement to sell four jackups to ADES International Holding Ltd., through its...

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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...