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Wednesday, May 22, 2024
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Changhong International wins Horizon Tankers order

On the afternoon of May 16, Zhoushan Changhong International Ship Repair Co., Ltd. and Greek shippers Horizon Tankers Limited S.A. signed an order for...

Samsung Heavy unveils eco-friendly ships, AI tech in Europe

Samsung Heavy Industries Co., South Korea’s second-largest shipbuilder, showcased new eco-friendly ships and digital vessel technology for net zero in Europe to expand its...

HD Hyundai expands Asia business

HD Hyundai Heavy Industries will begin operations in a former US naval base in the Philippines. Specifically, a Philippine affiliate of US investment firm Cerberus...

China overtakes Korea in global shipbuilding competitiveness

Korea’s shipbuilding industry was overtaken by China’s shipbuilding industry in the global competitiveness rankings, according to a report. China overtook Korea in overall competitiveness in...

Pan Ocean places order for MR tankers

Pan Ocean revealed it has placed an order for two MRs at an unnamed shipyard. More specifically, a relevant stock exchange filing says the cost...

Maersk suspends methanol ship order to Chinese shipbuilder

Maersk, the world’s second-largest shipping company, has reportedly postponed an order for 15 methanol-powered container ships from a Chinese shipbuilder. The delay is reportedly...

Korean shipbuilders post drop in shipbuilding volume due to growing proportion of less-skilled foreign workers

Korean shipbuilders, which have been fiercely competing with Chinese shipbuilders on the global stage, reported sluggish shipbuilding in the first quarter of 2024 compared...

Performance Shipping signs shipbuilding contract for the construction of a newbuilding LR1 tanker vessel

Performance Shipping, a global shipping company specializing in the ownership of tanker vessels, announced that, through a separate wholly-owned subsidiary, it has signed a...

CSSC announces historic deal with QatarEnergy

On Monday, China State Shipbuilding Corp, the world's largest shipbuilder, received what it calls the world's largest single order of ships from energy industry...

Wärtsilä secures China’s largest-ever methanol newbuild order

Technology group Wärtsilä will supply the methanol-fuelled auxiliary engines for five new container vessels for COSCO Shipping Lines Co., Ltd and seven new container...

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ZIM reports financial results for the first quarter of 2024; raising full year 2024 guidance

ZIM Integrated Shipping Services, a global container liner shipping company, announcedits consolidated results for the three months ended March 31, 2024. First Quarter 2024 Highlights Net...

Okeanis Eco Tankers – New financings update

Okeanis Eco Tankers announced the following financings update relating to its fleet: On May 20, 2024, we entered into a new $60.0 million senior secured...

Pyxis Tankers announces joint venture agreement to acquire modern dry-bulk vessel, expansion of common share repurchase program & partial redemption of series a cumulative...

Pyxis Tankers, an international shipping company, announced key strategic and financial actions to further enhance its shareholder value. The Company has entered into an agreement...

Mitsui invests in Navigare Capital Partners shipping fund

Mitsui & Co. Alternative Investments Limited has decided to participate in Maritime Investment Fund III K/S (“MIF III”), a maritime investment fund established and...

Scorpio Tankers: $223.6 million prepayment under 2023 credit facility

Scorpio Tankers announced that it has received approval from majority lenders under its 2023 $1.0 Billion Credit Facility to make an unscheduled repayment on...

Damen Shipyards and SAFEEN Group to bring the first electric tug to the Middle...

Damen Shipyards and SAFEEN Group, part of AD Ports Group, have signed an agreement...

Baltic index dips on lower capesize rates

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

Baltic index steady as gains in capesize offset lower rates for smaller vessels

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

Houthis strike M/T Wind in Red Sea

At approximately 1 a.m. (Sanaa time) May 18, Iranian-backed Houthis launched one anti-ship ballistic...

Houthis threaten all ships heading to Israel

All ships heading to Israeli ports will be targeted by Yemen’s Iran-backed Houthis and...

Port Houston posts double digit box growth – container volumes up 12 percent through April

Port Houston continues to exceed last year’s container volumes and is up 12% through April with 1,394,094 twenty-foot equivalent units (TEUs). In the month...

Port of Los Angeles cargo rises 12% in April; up 25% in 2024

The docks at the Port of Los Angeles were busy in April, handling 770,337 container units, a 12% increase over the previous year. It...

Baltimore workers to move crashed cargo ship that downed bridge

Workers in Baltimore were preparing to clear a crashed cargo ship nearly as long as the Eiffel Tower from the channel it is blocking,...

The Port of Hamburg begins the year on a positive note

Container throughput improved to 1.9 million TEU in the first quarter of 2024 – despite tense geopolitical and economic conditions. USA traffic continued to...

DP World boosts European trade with €130m investment in Romania

DP World has opened three major new sites in Romania, providing a significant boost to the country’s growing status as a key hub of...