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NAT: Two 6-year Time Charters concluded for Suezmax Newbuildings

Nordic American Tankers has concluded two six-year Time Charters for two Suezmax newbuildings for delivery in May and June this year. The contracts have been...
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Maersk expects supply chain chaos to continue in 2022

Shipping group Maersk says it expects 2022 earnings will reach the same level as last year, as the chaos that has weighed on global...
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China benchmark iron ore futures tumble 6% on Beijing warning

Benchmark iron ore futures in China plunged more than 6% on Wednesday, snapping a five-session rally, after authorities pledged to strengthen supervision of the...
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Baltic index logs best day in a year on strong demand for vessels

The Baltic Exchange’s dry bulk sea freight index posted its biggest daily percentage gain since February 2021, boosted by stronger rates across vessel segments. The...
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Maran Gas Maritime orders two LNG carriers from DSME

Daewoo Shipbuilding & Marine Engineering (DSME) won an order for 2 LNG carriers from Maran Gas Maritime. The ships will be built at Okpo...
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Odfjell returns to the black in fourth quarter

Odfjell has reported its first profitable quarter for 2021 in a “challenging and unpredictable” year. Highlights for 4Q21: Timecharter earnings in Odfjell Tankers of USD 136...
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Abu Dhabi Ports Stock Surges After $1.1 Billion Share Sale

Abu Dhabi Ports rose as much as 17% on its trading debut after a 4 billion dirham ($1.1 billion) share sale, underscoring the strong...
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DP World reports strong volume growth of 9.4% in 2021

DP World Limited handled 77.9 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals in full year 2021, with gross container...
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Wallenius Wilhelmsen Posts Strong Q4 Results

Wallenius Wilhelmsen reported Q4 EBITDA of $306 million, increasing 37% quarter-over-quarter, despite supply chain disruptions such as semiconductor chip shortages and labor issues related...
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Intermodal Weekly Market Report [W05]

Iron ore prices have jumped significantly in the week prior to the Chinese New Year with traders and producers stocking up on raw materials.
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Carnival Corporation posts record Q1 $5.8b revenues in 2025

Carnival Corporation & plc announced financial results for the first quarter 2025 and provided an updated outlook for the full year and an outlook...

Fred. Olsen Ocean divests 50% ownership in United Wind Logistics GmbH

Fred. Olsen Ocean, a wholly owned subsidiary of Bonheur ASA, hasentered into an agreement for the sale of its 50% stake in United WindLogistics...

Hapag-Lloyd publishes 2024 annual report and announces outlook for current financial year

Hapag-Lloyd published its new annual report today. According to the report, a slight increase in the operating result was achieved in 2024. The Group...

Eni and Vitol to strengthen collaboration in West Africa

Eni and Vitol have agreed that Vitol will acquire interests in certain assets owned by Eni in Cote d’Ivoire and the Republic of Congo...

Evergreen Marine reports record revenue in 2024

Evergreen Marine Corporation announced its financial results for the full year ended December 31, 2024. The company reported sales of TWD 463,567.9 million, up from...

Jesper Kristensen takes the helm as group CEO of Synergy Marine

Synergy Marine Group announced the appointment of Mr. Jesper Kristensen as its new Group...

Celestyal Discovery returns to service after major refit

Celestyal Discovery has returned to service following a major refit in Athens over the...

Billion-Dollar US levies on Chinese ships risk ‘Trade Apocalypse’

For a symbol of the chaos engulfing world trade since the Trump administration walked...

Wilhelmsen strengthens maritime innovation commitment with Motion Ventures Fund II

Wilhelmsen announced its continued partnership with Motion Ventures on the launch of Motion Ventures...

DNV, HD KSOE and HD Hydrogen to collaborate on CO2 capture technology for SOFCs

HD Korea Shipbuilding and Offshore Engineering, HD Hydrogen, and DNV recently signed a Joint...

Thessaloniki port: Investment plans proceed; boosting the cruise industry

The expansion of Pier 6 at the port of Thessaloniki, an investment of hundreds of millions of euros, is expected to proceed immediately, within...

Focus on port infrastructure as cruise ship owners meet EU Transport Commissioner

The Association of Cruise Ship Owners and Maritime Agencies informed the European Commissioner for Sustainable Transport and Tourism, Apostolos Tzitzikostas, about the activity and...

Port Hedland iron ore exports down 5% on February

Pilbara Ports delivered a total monthly throughput of 49.5 million tonnes (Mt) for February 2025. This was a six per cent decrease compared to February...

Greek ports record 5.6% passenger traffic increase in Q3

The total passenger traffic in Greek ports increased by 5.6% in the third quarter of 2024 compared to the third quarter of 2023, while...

DP World and Maersk sign long-term agreement to expand maritime services in Brazil

DP World, a global leader in logistics and supply chain solutions, has signed a long-term strategic agreement with Maersk, one of the world’s leading...

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