Tuesday, October 3, 2023

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Ports

Maersk Marks 1st European Green Methanol Bunkering in Rotterdam

The port of Rotterdam has for the first time refuelled a methanol-powered container ship as the shipping industry turns to the technology to cut...

Port Of Los Angeles Cargo Volume Slips In July

The Port of Los Angeles moved 684,291 Twenty-Foot Equivalent Units (TEUs) in July as cargo shipments declined compared to last year’s record month.  “Global trade...

Greece: Four offers tabled for the port of Volos

Four bids were submitted to the tender for the acquisition of a majority stake of at least 67% in the share capital of the...

DP World posts 10% fall in H1 profit, flags uncertain trade outlook

Dubai’s state-owned ports giant DP World said on Thursday its first-half profit fell nearly 10% from a year earlier, even as revenue climbed nearly...

Greece: Ports of Attica see 7.85% increase in passenger traffic in July

More than 2 million passengers (2,022,461) moved this July from and to the Greek ports of Piraeus, Rafina and Lavrio, registering a 7.85% increase...

Piraeus Port Authority to distribute 1.04-euro per share dividend

The Piraeus Port Authority (PPA), which owns and manages the biggest and busiest port in Greece, will distribute a 1.04-euro per share dividend, following...

Canada Dockworkers Renew Strike Threat With Rejection Of Contract

Dockworkers on Canada’s west coast raised the possibility of a renewed labor disruption at the country’s busiest port after turning down a proposed contract. Members...

HHLA adjusts financial year forecast

Based on preliminary figures for the first six months, Hamburger Hafen und Logistik AG (HHLA) is adjusting its forecast for the current financial year. The...

Nearly 30 Ships Stop Around Ukraine’s Izmail Gateway After Russian Danube Strikes

Almost 30 ships dropped anchor near Ukraine’s crucial Izmail port terminal after Russia destroyed grain warehouses on the Danube river on Monday, data showed,...

Greece: Increased traffic in Piraeus and Rafina ports

An increase in passenger traffic at the Greek ports of Piraeus by 10.63% and Rafina by 11.33% was recorded during the first 15 days...

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Ports

Scorpio Tankers takes options to buy back over 20 ships

In a relevant SEC filing, Scorpio Tankers announced extensive vessel repurchases via sale and leaseback arrangements, including for the 2016-built LR2 product tanker STI...

TOP Ships Announces Reverse Stock Split

TOP Ships announced that it has determined to effect a 1-for-12 reverse stock split of the Company’s issued common shares. The Company’s shareholders approved the...

Carnival Earnings Outlook Misses While Fuel Costs Near 15-Year High

Carnival Corp. posted a profit for the first time since 2020 but issued a fourth quarter earnings outlook that missed Wall Streets’ expectations as...

Sphinx Investment Corp Increases Stake in OceanPal

On September 28, 2023, an OceanPal SEC filing revealed that Sphinx Investment Corp. had raised its ownership in OceanPal, now holding a substantial stake...

Star Bulk Announces the Repurchase of 10 Million of Its Common Shares

Star Bulk announced that it entered into a Repurchase Agreement (with OCM XL Holdings, LP, a limited partnership incorporated in the Cayman Islands, pursuant...

MSC to buy 50% stake in Italian passenger rail group Italo

Shipping group MSC has entered into a binding agreement to acquire a 50% stake...

Higher capesize rates drive Baltic index higher

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

Baltic index snaps 4-day winning streak as capesize rates slip

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

Baltic index scales 11-month peak on strong capesize rates

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

Baltic index scales over 9-month high on capesize surge

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

Ukraine: 5 More Cargo Ships Head For Black Sea Ports – report

Five more ships are on their way to Ukrainian sea ports using a new corridor opened to resume predominantly agricultural exports, an alternative arrangement...

Piraeus Port reports strong H1 2023 results

The Piraeus Port Authority SA, which operates Greece’s biggest and busiest port, reported a 48.8-percent increase in pre-tax earnings for H1 2023 – 49.4...

Greece names Thessaloniki port operator preferred bidder for Volos port

Greece’s privatisation agency has named the operator of Thessaloniki port as the preferred bidder for acquiring a 67% stake in the port of Volos,...

Drewry: Port Throughput Index Down 2.1% in July

The Global Container Port Throughput Index fell 2.1% MoM in July 2023, with the small rises recorded in Africa and Oceania having been insufficient...

Vopak: Agreement with Infracapital on sale of Rotterdam chemical terminals

Vopak announces that it has reached an agreement with Infracapital on the sale of its three chemical terminals in Rotterdam (Botlek, TTR and Chemiehaven)...