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Wednesday, April 23, 2025
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The Wire

Baltic Index Logs Seventh Straight Fall On Weaker Vessel Rates

The Baltic Exchange’s dry bulk sea freight index fell on Tuesday for the seventh consecutive session, languishing near a four-month low on lower rates...
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Dynacom linked to LR1 newbuilding orders in China

George Procopiou-led Dynacom has reportedly placed an order to build six 75,000-dwt LR1 tanker vessels at New Times Shipbuilding. Moreover, it is reported that Dynacom...
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Red Sea Insurance Soars After US Airstrike

The cost of war-risk insurance for vessels sailing through the Red Sea is spiraling, adding a further potential impediment to trade passing through a...
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Eagle Bulk Ship Hit by Missile in Gulf of Aden

Eagle Bulk has confirmed an attack on a merchant ship about 100 miles (160 km) off the coast of Yemen. A statement from the company...
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Russia’s oil freight costs ease despite sanctions, weather, Red Sea attacks – traders

Russia’s oil shipping costs to Asia from its main Baltic ports eased in early 2024, despite security concerns in the Red Sea, winter weather...
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China’s record crude, coal, iron ore imports don’t tell the whole story

China’s imports of crude oil, coal and iron ore all soared to record highs in 2023, but this seemingly strong performance by the world’s...
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Baltic index slides to 4-month low on seasonal lull

The Baltic Exchange’s dry bulk sea freight index on Monday extended its losing run to a four-month trough as rates declined on seasonal demand...
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Plaquemines Port, APM Terminals to develop major container terminal

Plaquemines Port Harbor and Terminal District (Plaquemines Port) proudly announces the execution of a letter of intent with APM Terminals to build a state-of-the-art...
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Frontline Sells 5 Oldest VLCCs

Frontline announced it has reached a deal to sell its five oldest very large crude carriers (VLCC) to an undisclosed buyer for an aggregate...
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Iran Seized Tanker Located Off Iran’s Qeshm Island

The Marshall Islands-flagged tanker seized by Iran in the Gulf of Oman on Thursday has been located east of Iran’s Qeshm Island, monitoring service...
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CMB.TECH buys Hemen stake in Golden Ocean

CMB.TECH NV announced that it has entered into a share purchase agreement with Hemen Holding Limited, for the acquisition of 81,363,730 shares in Golden...

Lindsell Train buys stake in Clarksons

Clarkson PLC, a UK-based company, has announced a change in its major holdings. Lindsell Train Limited, based in London, has acquired or disposed of...

Excelerate Energy announces proposed offering of $700 million of senior notes due 2030

Excelerate Energy announced that Excelerate Energy Limited Partnership, a subsidiary of Excelerate, has commenced an offering of $700 million in aggregate principal amount of...

BW LPG Limited – Share buyback program completed

BW LPG Limited completed the share buyback program which was announced on 8 April 2025 and commenced from 8 April to 17 April 2025. During...

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...

Baltic Index unchanged as gains in smaller vessels counter muted capsize

The Baltic Exchange’s dry bulk sea freight index was unchanged on Tuesday as gains...

China’s Cosco says US levies risk upsetting global shipping

China’s largest shipping line said on Monday that the Trump administration’s plan to impose...

New Maritime Labour Convention amendments set to boost seafarers’ conditions

Seafarers are set to benefit from improved working and living conditions following the adoption...

Hackers take down Taiwan’s Wan Hai Lines website

Shipping company Wan Hai Lines’ website was taken offline by hackers on Friday and...

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

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

Port of Antwerp vigilant over US tariffs impact

In the first quarter of 2025, Port of Antwerp-Bruges handled 67.7 million tonnes of cargo, a drop of 4.0% compared to the same period...

Stolthaven Terminals partners with Rönesans Holding on a landmark terminal in Türkiye

Stolthaven Terminals partnered with Rönesans Holding on the development of a new terminal, located in Ceyhan, Adana, Türkiye. The facility is part of a large-scale...

APSEZ acquires 50 MTPA capacity NQXT Australia, accelerating path to 1 billion tonnes p.a. by 2030

The Board of Directors of Adani Ports and Special Economic Zone, India’s largest integrated Transport Utility company has approved the acquisition of Abbot Point...

Piraeus to be reinforced with additional Port Guard officers

Minister of Maritime Affairs and Insular Policy, Vasilis Kikilias, asked for the reinforcement of the port of Piraeus with 50 additional Port Guard officers,...

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...

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