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Tuesday, April 30, 2024
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BIMCO – Chinese iron ore imports fall to 14-month low in July

Chines iron ore imports fell to 88.5 million tonnes in July, the lowest level since May 2020. The fall in July means that accumulated...
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BIMCO: Are we looking at the next dry bulk super cycle? Is it even a cycle?

Throughout the first half of the year, talk of a new dry bulk super cycle has been on many lips as commodity prices have...
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Container equipment prices have peaked and are expected to moderate

Prices of dry freight shipping containers have doubled over the past year to reach historic highs but will moderate over the next few years,...
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Safe Bulkers posts higher profit in Q1

Safe Bulkers, an international provider of marine drybulk transportation services, announced its unaudited financial results for the three month periods ended March 31, 2024....

Nakilat posts strong 1Q 2024 results

Qatar Gas Transport Company (Nakilat)'s Net Profit rose by 6.1 percent in Q1 of 2024, to become QR 419,757,000, compared to a Net Profit...

Capital Product Partners L.P. announces cash distribution

Capital Product Partners announced that its board of directors has declared a cash distribution of $0.15 per common unit for the first quarter of...

BW LPG shares to start trading on NYSE

BW LPG issued an announcement regarding the Company′s public filing of a registration statement on Form 20-F with the U.S. Securities and Exchange Commission,...

Danaos secures financing for eight new containerships

Watson Farley & Williams advised Danaos Corporation on a US$450m post-delivery senior secured term loan facility to finance eight newbuild vessels under construction in...

Red sea diversions spew carbon emissions equal to 9 million cars

Ships seeking to avoid ongoing attacks by Houthi rebels in the Red Sea area...

Cyprus Shipping Chamber applauds adoption of net-zero act

The Cyprus Shipping Chamber recently announced that it welcomed the adoption of the Net-Zero...

Baltic index slips for 6th day on weaker vessel rates

The Baltic Exchange’s dry bulk sea freight index fell on Monday, hurt by weaker...

Houthis Attack Greek Ship, 2 US Destroyers

Yemen’s Houthis have targeted two US destroyers and the vessel CYCLADES in the Red...

Stranded ships exit Baltimore port via temporary channel

Four cargo ships, stuck for about a month at the Port of Baltimore by...

Maersk commits $600 million investment in Nigeria’s ports

Nigeria secured a $600 million investment in seaport infrastructure from Danish shipping company A.P. Moller-Maersk MAERSKb.CO, the presidency said in a statement on Sunday. The investment was secured during...

Stranded ships exit Baltimore port via temporary channel

Four cargo ships, stuck for about a month at the Port of Baltimore by the ruins of the collapsed Francis Scott Key bridge, have...

Wilhelmsen partners with AD Ports Group and Inveco LLC to enhance trade along Middle Corridor

Wilhelmsen Port Services joins hands with AD Ports Group and Inveco LLC in a strategic partnership, as AD Ports Group takes over 60% ownership...

Container throughput in port of Rotterdam increases in first quarter of 2024

Total throughput at the port of Rotterdam fell by 1.4% in the first quarter of 2024 compared to the same period last year. In...

Port of Los Angeles finishes first quarter up 30% over previous year

The Port of Los Angeles handled 743,417 container units in March, a 19% increase over the previous year. It was the eighth consecutive month...

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