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Thursday, December 12, 2024
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Analysis

Maritime connectivity retail revenues amounted to $2.1 billion in 2023

Introducing Valour Consultancy’s industry-recognised maritime report: “The Future of Maritime Connectivity – 2024”. This is the fifth edition of the study, following our highly...
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Containership contracting spree now exceeds 10 million TEU

“When only six ships with a capacity of 4,746 TEU were contracted in the fourth quarter of 2023, many might have thought that the...
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Dry freight container production surpasses earlier all time high

Drewry expects 2024 to be the second highest year on record for dry freight container manufacturing, driven by the all-time high quarterly production in...
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Drewry Port Equity Index Continues Rising Trend

The Drewry Port Equity Index continued to rise in 2Q24, gaining 3.1%, following a 1.6% increase in 1Q24, but the growth rate slowed QTD,...
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Container ship fleet expands by 11%, fastest growth in 15 years

Since the beginning of the year, the capacity of the container ship fleet has increased by 1.6m TEU. Compared to one year ago, the...
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Dry bulk newbuild contracting fell 34.2%, despite a strong market

“During the first half of 2024, newbuild contracting in the dry bulk sector fell 34.2% y/y despite favourable market conditions. A 6.5% y/y increase...
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Spot rate surge to continue post-golden week

Since the 1 July implementation of a series of peak season surcharges (PSS) and new FAK (freight all kinds) levels, the largest east-west container...
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BIMCO: Container shipping market exploding in 2024, but 2025 could be a different story

We have revised our assumption regarding when ships might return to normal Red Sea and Suez Canal routings. In our previous report, we assumed...
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Fitch Ratings updates oil and gas price assumptions

Fitch Ratings has maintained most of its oil and gas price assumptions, reflecting broadly unchanged market fundamentals. Our base-case oil price assumptions have not changed....
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Newbuilding prices climb 3% to highest level in 16 years

“Since the start of the year, newbuilding prices have risen 3% to their highest level since 2008. Compared to their most recent low in...
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TUI reports strong earnings growth from cruise business

The German travel giant TUI Group reported earnings growth from its cruise business.

Petredec announces sale of majority stake in Carib LPG

Petredec Holdings announced the sale of its 60 per cent stake in Carib LPG Holdings, a leading LPG logistics and trading company incorporated in...

KNOT Offshore announces Q3 Interim Results

For the three months ended September 30, 2024, KNOT Offshore Partners LP: Generated total revenues of $76.3 million, operating income of $17.2 million and net...

McQuilling invests in SulNOx Group

McQuilling Partners announced that a wholly owned subsidiary has invested in SulNOx Group PLC and will be the preferred partner to promote and sell...

Saverex to launch public takeover bid on Exmar NV

Saverex NV announced that it intends to launch a voluntary and conditional public takeover bid for all shares of Exmar NV (“Exmar”) not already...

Wallenius Wilhelmsen signs two multi-year contracts

Wallenius Wilhelmsen signs two multi-year shipping contracts with large auto OEMs, both including biofuel....

Celestyal launches a new ‘Live Your Vacation Dream’ campaign

· Savings of up to 50% across 2025, 2026, 2027 sailings · Bonus credit of...

FuelEU Maritime: How Baltic Exchange is helping shipowners understand the commercial implications

From 1 January 2025, voyages that include port calls in the European Union will...

Baltic index extends losses on weaker vessel rates

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

Celestyal hails ‘magical’ debut in Dubai

Celestyal has marked its maiden call in Dubai with a dhow escort, a plaque...

ONE and NZPG collaborate on shore power innovation in China

Ocean Network Express and Ningbo Zhoushan Port Group held a symposium on December 6th to share best practices and explore innovative approaches to shore...

MPA and MISC collaborate on digital maritime solutions

The Maritime and Port Authority of Singapore and MISC have signed a memorandum of understanding to strengthen collaboration in innovation, research and development and...

San Antonio Terminal Internacional concession to be extended until 2030

Empresa Portuaria San Antonio (EPSA) filed a Material Event with the Financial Market Commission (CMF), informing that San Antonio Terminal Internacional (STI) had met...

ONE strengthens presence in southeast Asia with terminal acquisition in Indonesia

Ocean Network Express announced the completion of its acquisition of a minority stake in New Priok Container Terminal One (“NPCT1”) in Jakarta, Indonesia. NPCT1 is...

Tallinna Sadam signs an agreement with JetGas OÜ for development of new terminal

AS Tallinna Sadam and JetGas OÜ signed an agreement for establishment of a liquefied methane terminal in Muuga Harbour. According to the agreement, JetGas...

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