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Higher rates across vessels propel Baltic index to over 1-month high

The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, scaled its highest in more than a month...

DNV, Nakilat JDP to improve vessel software reliability & quality

Nakilat, a global leader in energy transportation, Classification Society DNV, and a group of leading yards and system suppliers have teamed up on a...

MOL eyes 90 LNG-powered vessels by 2030

Mitsui O.S.K. (MOL) has announced four new LNG-powered car carriers amid a push to launch 90 such vessels by 2030, despite wider industry concerns...

Saudi Arabia raises Sept crude prices to Asia

Saudi Arabia raised on Wednesday the September official selling prices for all crude grades it sells to Asia for a second month, three sources...

Celestyal Cruises on track to successfully complete scheduled summer itineraries at end of August

Celestyal Cruises, the award-winning, number one choice for cruise travelers to the Greek Islands and the Eastern Mediterranean is on track to successfully complete...

Danaos in “very strong financial position”

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

Oldendorff Carriers sells bulker to JP Morgan

According to broker reports, Oldendorff Carriers has sold a 2016-built bulk carrier to JP Morgan, with delivery expected early 2022. Namely, the 209,325 dwt vessel, Hark...

Iran-backed forces seize tanker, maritime sources say; Iran denies it

Iranian-backed forces are believed to have seized an oil tanker in the Gulf off the coast of the United Arab Emirates, three maritime security...

Baltic index edges lower on capesize dip

The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, inched down on Tuesday as a dip in...

Intermodal Weekly Market Report [W30]

Unlike the Dry Bulk and Container sectors where freight rates have surged into 2021, the tankers market continues to experience lackluster earnings hovering at...

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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...

At UN, 80 countries demand reopening of Hormuz, condemn Iran, Houthi attacks

Some 80 countries demanded the urgent reopening of ​the Strait of Hormuz on Thursday...

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...

Piraeus Chamber of Commerce: More value created by shipping to flow into the city’s economy

Piraeus is not only home to Greece’s largest port, but also the historic heart of Greek shipping and one of the world’s major maritime...

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...