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Maersk exploring option for using hydrogen as fuel, in talks for green methanol supply

A.P. Moller-Maersk, the world’s largest shipping company, is looking into the potential use of hydrogen as fuel for some vessels and is also in...
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Baltic index rises as smaller vessels lend support

The Baltic Exchange’s dry bulk sea freight index rose on Thursday, buoyed by gains for panamax and supramax vessels that countered a dip in...
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INTERCARGO: Statement on IMO MEPC 77 meeting

Regarding the International Maritime Organization’s Marine Environment Protection Committee meeting this week (IMO’s MEPC 77, 22-26 Nov. 2021), INTERCARGO said: “Given the harsh realities and...
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Baltic index ends four-day rally on capesize weakness

The Baltic Exchange’s dry bulk sea freight index snapped four straight sessions of gains on Wednesday as a drop in capesize rates outweighed gains...
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Baltic index gains for fourth day as vessel rates firm

The Baltic Exchange’s dry bulk sea freight index rose for a fourth straight session on Tuesday to its highest level in a week as...
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ZIM Connecting Indian Subcontinent, East Mediterranean

ZIM announced the launch of ZIM Indian Subcontinent – East Mediterranean Service (ZMI), a new and improved service connecting the Indian subcontinent and the...
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Wärtsilä launches new lighter, smaller IQ Series scrubber

The technology group Wärtsilä has launched its new IQ Series exhaust gas treatment system, designed by its Exhaust Treatment business unit in Moss, Norway. The...
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Gains in bigger vessels lift Baltic index to 1-week high

The Baltic Exchange’s dry bulk sea freight index climbed to its highest in a week on Monday, helped by improved rates for the larger...
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Baltic index snaps 5-day losing streak as capesizes gain

The Baltic Exchange’s dry bulk sea freight index gained on Thursday, after falling for five straight sessions, as firmer capesize rates offset losses in...
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Baltic index extends losses as vessel rates drag

The Baltic Exchange’s dry bulk sea freight index fell for a fifth straight session on Wednesday to its lowest in more than five months,...
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Abu Dhabi Exports Office signs USD235 million syndicated loan agreement to boost UAE trade with Trafigura

In a strategic move to empower UAE exporters and advance the nation’s economic diversification goals, the Abu Dhabi Exports Office (ADEX) has signed a...

Danaos Corporation announces upsizing of its share repurchase program by an additional $100 million

Danaos Corporation announced that its Board of Directors has approved the upsizing of its common stock repurchase program by an additional $100 million. The Company...

Belships goes to Blue Ocean Funds and F. Laeisz

The Norwegian shipping company Belships has new owners: the majority of the shares are now held by the investment platform Blue Ocean Funds. The German...

OceanPal reports Financial Results for the fourth quarter and year ended December 31, 2024

OceanPal Inc., a global shipping company specializing in the ownership of vessels, reported vessel revenues of $5.8 million, a net loss of $8.2...

NYK completes stock acquisition

Nippon Yusen Kabushiki Kaisha announced as follows the status of acquisition of its own common stock approved at the meetings of its Board of...

ICC: Pronounced spike in low-level crimes in Singapore Straits

The ICC International Maritime Bureau has revealed a rise in global piracy and armed...

Trump’s China Ship Fees Set to Hit Global Shipping Giants

Container ships, the workhorses of global trade transporting almost 90% of the world’s...

Baltic index snaps 3-day winning streak on lower capesize rates

The Baltic Exchange’s dry bulk sea freight index fell on Tuesday, snapping a three-day...

Baltic index gains on higher capesize, panamax rates

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

Three NYK Group Shipping and Ship-Management companies to merge

Three shipping and ship-management companies within the NYK Group — namely, Asahi Shipping Co.,...

March volume shows sustained growth at port of Los Angeles

The Port of Los Angeles processed 778,406 Twenty-Foot Equivalent Units (TEUs) in March, 4.7% more than last year. The Port ended the first quarter...

Port of Long Beach busiest in U.S. through first quarter

Coming off its best first quarter on record, the Port of Long Beach is the nation’s busiest port through the first three months of...

CMA CGM, October Dry Port pen strategic partnership to boost Egypt’s logistics sector

Deputy Prime Minister for Industrial Development and Minister of Industry and Transport Kamel El-Wazir witnessed the signing of a strategic partnership between the French...

Port of Rotterdam takes important step in making shipping more sustainable: pilot prepares port for safe bunkering of ammonia

Trammo, OCI and James Fisher Fendercare successfully conducted an ammonia bunkering pilot between two vessels at a terminal in the port of Rotterdam on...

Piraeus deputy CEO highlights port’s “great potential”

“The exceptional financial results of 2024 with record performance for another year and top global rankings show the great potential of the port,” said...

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