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Friday, February 14, 2025
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BIMCO: Chinese coal imports from Australia drop 98.6% as restrictions bite

In the first seven months of the year Chinese coal imports from Australia have totalled just 780,000 tonnes as Chinese restrictions on Australian coal...

S. Korean refiners slash Middle East crudes to chase margins, low-carbon feed

The share of Middle Eastern crude in South Korea’s 2021 refinery feedstock import basket could fall to the lowest level in more than three...

Dry bulk: profits surge to multi-year highs as pandemic related demand & disruptions linger

Heading into the seasonally strongest part of the year, dry bulk owners have already enjoyed a very profitable year with the temporary factors helping...

Drewry: Port Throughput Down 2.2% During June

The Drewry Container Port Throughput Indices are a series of volume growth/decline indices based on monthly throughput data for a sample of over 235...

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...

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...

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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Navios Partners posts $1.33 billion revenues in 2024

Navios Maritime Partners L.P, an international owner and operator of dry cargo and tanker vessels, reported its financial results for the fourth quarter and...

Scorpio Tankers announces financial results for the fourth quarter of 2024 and the declaration of a dividend

Scorpio Tankers Inc. (NYSE: STNG) ("Scorpio Tankers" or the "Company") today reported its results for the three months and year ended December 31, 2024....

Wallenius Wilhelmsen closes record-year with another solid quarter

The financial result for the full year of 2024 is another record-breaking result for Wallenius Wilhelmsen as it exceeds the 2023 results. Adjusted EBITDA for...

HMM sees 2024 earnings & profits rise

HMM reported revenue of KRW 11,700 billion (US$8 billion), operating profit of KRW 3,513 billion (US$2.42 billion), and net profit of KRW 3,781 billion...

FSL Trust posts $11m net profit in 2024

FSL Trust Management, the trustee manager of First Ship Lease Trust, reported a net profit of $9.3m (US$6.9m) and $11.2m (US$8.3m) for the second...

Baltic index snaps 3-day losing streak as supramax rates climb

The Baltic Exchange’s dry bulk sea freight index, which measures shipping rates for vessels...

Baltic index declines for third day as capesize plunges to 2-year lowBaltic

The Baltic Exchange’s dry bulk sea freight index, which measures shipping rates for vessels...

Baltic index slips on lower capesize, panamax rates

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

Suspected Somali pirates seize boat off Horn of Africa

Suspected Somali pirates have seized a Yemeni fishing boat off the Horn of Africa,...

MPC Capital expands maritime services business with energy efficiency and performance management solutions

The investment and asset manager MPC Capital has acquired a 50% stake in the...

An increasing number of cruise lines choose Piraeus as their homeport

More and more cruise lines are choosing the port of Piraeus as their starting point and homeporting point for their voyages. The benefits of homeporting...

Zululand Energy Terminal signs agreement to operate South Africa’s first LNG Terminal

Zululand Energy Terminal, a joint venture between Vopak Terminal Durban and Transnet Pipelines (TPL), has officially signed the Terminal Operator Agreement (TOA) with Transnet...

Thessaloniki port’s Master Plan gets the green light

The long-awaited presidential decree approving the Master Plan for the port of Thessaloniki was published in the Official Gazette, opening the way for the...

A.P. Moller Capital invests in Spanish ports group

A.P. Moller Capital announced new partnership with Bergé y Compañía to grow BERGÉ into a leading ports infrastructure company in Iberia and Latin America. Founded...

AD Ports, CMA CGM to develop multipurpose terminal in Congo

AD Ports Group, an enabler of integrated trade, transport and logistics, signed a shareholders’ agreement with the CMA CGM Group, a global player in...