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Tuesday, February 18, 2025
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Hapag-Lloyd joins GCMD

The Global Centre for Maritime Decarbonisation (GCMD) has entered into a partnership with German-headquartered container shipping line Hapag-Lloyd to further advance maritime decarbonisation efforts....

P&O Ferries sacks 800 staff; unions threaten standoff

Britain's P&O Ferries on Thursday made 800 staff redundant with immediate effect and suspended crossings for the next few days, sparking a backlash from...

US appetite for Far East imports to face test

During the pandemic retail sales and personal savings have been increasing in tandem and supported US consumer demand for imports from the Far East....

Stimulus hopes drive rally in China ferrous futures, iron ore leads

Chinese ferrous futures rose for a second straight session on Thursday, with benchmark Dalian iron ore advancing by more than 5% on renewed hopes...

Baltic index edges down on capesize dip

The Baltic Exchange’s dry bulk sea freight index inched lower on Thursday as a drop in the larger capesize segment countered gains in panamax...

A rush of Brazilian sugar cargoes unusually heads to Russia – data

At least five vessels are headed toward Russia with nearly 200,000 tonnes of Brazilian raw sugar sold by European traders, according to shipping data...

Seaspan agrees charter extensions for 18 containerships

Seaspan, a wholly-owned subsidiary of Atlas, announced that it has entered into an agreement with a major European liner customer to forward fix contracts,...

Seanergy and NYK Line Announce Successful Completion of Biofuel Trials on a Capesize Vessel

Seanergy Maritime Holdings Corp. (NASDAQ: SHIP) announced that it has successfully completed marine biofuel trials in cooperation with one of its major charterers, NYK...

Capital Maritime orders containership quartet at Hyundai Mipo

According to latest broker reports, Greek owner Capital Maritime has inked a deal with Hyundai Mipo for the construction of four 2,800-teu units at...

Greeks rule global LNG carrier market

At a time when energy security is becoming of paramount significance, Greek-owned shipping is playing a strategic role in international maritime transport of liquefied...

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Ardmore Shipping announces financial results for the three and twelve months ended December 31

Ardmore Shipping Corporation announced results for the three and twelve months ended December 31, 2024. Highlights and Recent Activity Reported Adjusted earnings of $10.3 million for...

Navios Partners posts $1.33 billion revenues in 2024

Navios Maritime Partners L.P, an international owner and operator of dry cargo and tanker vessels, reported its financial results for the fourth quarter and...

Scorpio Tankers announces financial results for the fourth quarter of 2024 and the declaration of a dividend

Scorpio Tankers Inc. (NYSE: STNG) ("Scorpio Tankers" or the "Company") today reported its results for the three months and year ended December 31, 2024....

Wallenius Wilhelmsen closes record-year with another solid quarter

The financial result for the full year of 2024 is another record-breaking result for Wallenius Wilhelmsen as it exceeds the 2023 results. Adjusted EBITDA for...

HMM sees 2024 earnings & profits rise

HMM reported revenue of KRW 11,700 billion (US$8 billion), operating profit of KRW 3,513 billion (US$2.42 billion), and net profit of KRW 3,781 billion...

Seafarer salaries have risen but so have retention rates, Danica survey reveals

Retaining seafarers has improved slightly over the past year, thanks in part to salary...

Shipping: Environmental fees skyrocket in the EU

The environmental fees paid by commercial ships calling at European ports have increased by...

Panama vessel registry says it is ‘not a haven for sanctions evasion’

Panama has made progress stripping vessels from its registry that do not meet its...

Baltic index snaps 3-day losing streak as supramax rates climb

The Baltic Exchange’s dry bulk sea freight index, which measures shipping rates for vessels...

Baltic index declines for third day as capesize plunges to 2-year lowBaltic

The Baltic Exchange’s dry bulk sea freight index, which measures shipping rates for vessels...

Western Australia’s Ports Reopen After Tropical Cyclone Zelia

Western Australia’s ports of Dampier and Varanus Island reopened, the ports’ operator said, after Tropical Cyclone Zelia hit the state’s Pilbara iron ore region...

Thessaloniki Port targets immediate launch of 6th pier project

The procedures for implementing the investment in the 6th pier of the port of Thessaloniki will begin immediately, according to the administration of the...

Port of Long Beach sees a strong start for 2025

The Port of Long Beach started the new year with its strongest January on record and its second-busiest month ever, largely driven by retailers...

An increasing number of cruise lines choose Piraeus as their homeport

More and more cruise lines are choosing the port of Piraeus as their starting point and homeporting point for their voyages. The benefits of homeporting...

Zululand Energy Terminal signs agreement to operate South Africa’s first LNG Terminal

Zululand Energy Terminal, a joint venture between Vopak Terminal Durban and Transnet Pipelines (TPL), has officially signed the Terminal Operator Agreement (TOA) with Transnet...