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Iron ore futures close at nearly 4-month low

Chinese iron ore futures ended down almost 5% at a nearly four-month low on Thursday, as domestic consumption remains sluggish on steel production controls. The...

Noble secures new drilling contracts

Noble Corporation reported second quarter 2021 results. Successor Predecessor Three Months Ended Jun 30, 2021 Period from Feb 6, 2021 - Mar 31, 2021 Period from Jan 1, 2021 - Feb 5, 2021 Three Months Ended Jun 30, 2020 ...

Genco posts strongest quarter since 2010, clinches $450m loan

Genco, the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, reported its financial results for the three months and six...

Royal Caribbean Stock Down on Earnings Miss, Delta Variant

Royal Caribbean Cruises Ltd. tumbled after reporting second-quarter results that fell short of Wall Street projections and saying the delta variant of Covid-19 is...

SFL Acquires Two Containerships; Sells Feeders to MSC

SFL Corporation is set to acquire two secondhand 14,000 TEU containerships, built in 2013 and 2014. Both vessels are chartered to a leading container...

Higher rates across vessels propel Baltic index to over 1-month high

The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, scaled its highest in more than a month...

DNV, Nakilat JDP to improve vessel software reliability & quality

Nakilat, a global leader in energy transportation, Classification Society DNV, and a group of leading yards and system suppliers have teamed up on a...

MOL eyes 90 LNG-powered vessels by 2030

Mitsui O.S.K. (MOL) has announced four new LNG-powered car carriers amid a push to launch 90 such vessels by 2030, despite wider industry concerns...

Saudi Arabia raises Sept crude prices to Asia

Saudi Arabia raised on Wednesday the September official selling prices for all crude grades it sells to Asia for a second month, three sources...

Celestyal Cruises on track to successfully complete scheduled summer itineraries at end of August

Celestyal Cruises, the award-winning, number one choice for cruise travelers to the Greek Islands and the Eastern Mediterranean is on track to successfully complete...

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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...