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Baltic index gains as rates for larger vessels improve

The Baltic Exchange’s dry bulk sea freight index climbed on Tuesday, lifted by firmer rates in the larger capesize and panamax vessel segments. The...

Intermodal Weekly Market Report [W44]

COP26, 77 countries pledged to phase out coal by 2050 but the world’s biggest names in coal including China, India, the US and Australia...

Korean shipyards climb back to the peak in global order book

South Korea bounced back to No.1 position in global ship orders in October on the surging global trade volume. Korean shipyards brought home the...

Performance Shipping posts Q3 net loss

Performance Shipping reported a net loss from continuing and discontinued operations attributable to common stockholders of $2.2 million for the third quarter of 2021,...

MOL to trial a hydrogen-fuelled engine

Mitsui O.S.K. Lines, Ltd. (MOL), MOL Drybulk, Ltd., and Japan Engine Corporation (J-ENG) announced the signing of a basic agreement to cooperate in a...

Port of Newcastle looks to develop green hydrogen hub

Australia’s deepwater global gateway, Port of Newcastle, is partnering with Macquarie Group’s Green Investment Group and the Commonwealth Government’s Australian Renewable Energy Agency (ARENA)...

Danaos posts record Q3 profits

Danaos, one of the world’s largest independent owners of containerships, reported unaudited results for the period ended September 30, 2021. Highlights for the Third Quarter...

Iron ore rebounds but struggles below $100/T on weak China demand

Iron ore futures eked out gains in volatile trade on Monday following a string of losses, but benchmark prices struggled under $100 a tonne...

Baltic index steady as higher capesize rates offset dip in smaller segments

The Baltic Exchange’s dry bulk sea freight index was little changed on Monday as an uptick in the larger capsize segment countered a dip...

Greener shipping summit opens Tuesday

This year’s Greener Shipping Summit opens at 9 a.m. on Tuesday as a hybrid event. The theme of the conference is “Moving fast on...

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Hafnia Limited: Acquisition of an additional 1.7 million TORM shares

Hafnia Limited has agreed to acquire 1,700,000 A shares in TORM plc at a price per share of USD 34.00, representing 1.66% of the...

2020 Bulkers – Contemplated private placement

Reference is made to the stock exchange announcement made by 2020 Bulkers Ltd on 16 September 2026, where the Company announced a letter of...

MSC said in talks to buy German state-held Meyer Werft stake

MSC Mediterranean Shipping Co. is in talks to acquire the roughly 80% stake in German cruise-ship builder Meyer Werft GmbH held by the federal...

Greek shipping industry turns to Euronext Athens

The Greek shipping community is turning its attention to Euronext Athens. Safe Bulkers, owned by Polys V. Hajioannou, made the first move. The company pursued...

TOP Ships announces net income of $6.5 million, diluted earnings per share of $0.61 and stockholders’ equity of $76.7 million for the six months...

TOP Ships Inc., an international owner and operator of modern, fuel-efficient “ECO” tanker vessels, announced its financial results for the six months ended June...

V.Group names new CEO

V.Group has appointed Shubpreet Singh as chief executive of V.Ships. Singh succeeds Robert Desai,...

Shipping magnate worth $13.5 billion rides AI boom with Nvidia

Maria Angelicoussis, the magnate behind Greece’s biggest shipping fortune, has scored big gains outside...

PIL announces planned leadership succession: Wan Chee Foong appointed Deputy CEO, to succeed Lars...

The Board of Directors of Pacific International Lines (PIL) announced the appointment of Mr...

ABS and lomarlabs team up to accelerate early-stage, innovative solutions for global shipping

ABS and lomarlabs have signed a Master Research Collaboration Agreement (MRCA) to explore innovative...

Celestyal launches 190 new winter Mediterranean shore excursions

Celestyal has unveiled its shore excursion programme for its new winter Eastern and Western...

Piraeus container traffic soars 18% in August

Container throughput at the port of Piraeus remained strong in August, with a significant improvement recorded at Terminals II and III as the global...

Port of Los Angeles posts best three-month cargo stretch in its history

Port of Los Angeles waterfront workers processed  955,907 Twenty-Foot Equivalent Units (TEUs) in August, capping the busiest three consecutive months in Port history. More...

ATI and DP World commission six new hybrid cranes at manila South Harbour

Strategic partners DP World and Asian Terminals Inc. (ATI) have commissioned six state-of-the-art hybrid Rubber-Tyred Gantry (RTG) cranes at Manila South Harbour (MSH), strengthening...

PCT S.A.: New customs licence for cargo arriving by rail

A step towards enhancing the operational efficiency of the Piraeus Container Terminal is the granting of an Authorised Consignee licence to PCT S.A. by...

ZIM: Updated freight rates from Mediterranean & Black Sea ports

Updated Freight Rates from all Mediterranean ports & Black Sea ports to all USEC & Gulf, Puerto Rico, Canada, Mexico, Caribbean & South America...