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Wednesday, July 24, 2024
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Iron ore edges lower as investors digest mixed signals from China

Prices of iron ore futures edged lower on Monday as investors and traders assessed mixed market signals from top consumer China following the end...

NORDEN to acquire Norlat Shipping to further grow projects and parcelling activities

NORDEN has entered into an agreement to acquire Norwegian dry bulk operator Norlat Shipping, which specialises in the shipment of forest products and other...

MOL to invest in UK startup Carnot

Mitsui O.S.K. Lines announced its intent to invest in Carnot, a startup company that develops technology for highly efficient engines using heat-resistant materials. This...

Ukraine warns ships of scrambled GPS navigation in Black Sea

Ukraine’s seaports authority warned shipowners not to rely on a key navigation tool, as satellite communication systems are increasingly being disrupted in the Black...

On the road to zero-emission ocean transport: Lomarlabs signs with CargoKite

Lomar’s corporate venture lab, lomarlabs, has signed a collaboration agreement with maritime deep-tech start-up CargoKite to develop a new ship class of micro ships...

China’s H1 crude imports from top supplier Russia up 5% on year

China’s crude oil imports from top supplier Russia fell 20% in June year-on-year, bringing the total for the first half of 2024 up 5%,...

China June soy imports from Brazil rise 2%, customs data show

China’s soybean imports from Brazil rose 2.2% in June from a year earlier, data showed on Saturday, as Chinese buyers scooped up lower-priced South...

South Korea’s shipbuilding boom at risk due to escalating labor disputes

The shipbuilding industry is on the brink of an unprecedented boom, driven by increased orders for liquefied natural gas (LNG) ships and the need...

Suez Canal revenue drops as some shippers shun Red Sea

The Suez Canal‘s annual revenue dropped by almost a quarter in its latest financial year as some shippers switched to alternative routes to avoid...

LNG Carrier Bottleneck grows on slow Freeport LNG restart after Beryl

The number of liquefied natural gas (LNG) tankers waiting to load at Freeport LNG in Texas has increased since the U.S. second largest...

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SFL – Announcement of public offering of common shares

SFL Corporation announced that it intends to offer, issue and sell to the public 8,000,000 of the Company’s common shares, par value $0.01 per...

Unifeeder CEO steps down

Unifeeder CEO Jesper Kristensen has stepped down from his role at the shipping company. Martin Gaard Christiansen will assume the role of CEO at Unifeeder...

WFW advises ABN AMRO & ING on $245M loan to Tsakos Energy

Watson Farley & Williams advised ABN AMRO BANK N.V. and ING BANK N.V. on a US$245m term loan facility granted to Tsakos Energy Navigation Limited for...

OOCL announces operational update for the 2nd Quarter 2024

Orient Overseas Container Line (“OOCL”) announced its unaudited operational update for the second quarter ended 30th June 2024. For the second quarter ended 30th June...

Icon Energy announces listing on Nasdaq and pricing of $5.0 million initial public offering

Icon Energy, an international shipping company that provides worldwide seaborne transportation services for dry bulk cargoes, announced the pricing of its initial public offering...

Houthi threat to red sea shipping is growing, UN envoy to Yemen says

Recent developments in the Red Sea and surrounding waterways suggest that the threat to...

Baltic index drops to over one-month low on lower capesize rates

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

Greek shipowner and ex-ICS chairman Spyros Polemis dies

Spyros M. Polemis, a pillar of Greek shipping and a past chairman of the...

Ukraine warns ships of scrambled GPS navigation in Black Sea

Ukraine’s seaports authority warned shipowners not to rely on a key navigation tool, as...

CMA CGM signs AI deal with Google

CMA CGM, a global leader in sea, land, air and logistics solutions, and Google...

Throughput port of Rotterdam virtually unchanged in first half 2024

Cargo throughput in the port of Rotterdam remained virtually unchanged in the first half of 2024 compared to the same period last year. Cargo...

COSCO SHIPPING Ports Abu Dhabi Terminal’s cumulative throughput exceeds 5 million TEUs

On July 5th, CSP Abu Dhabi Terminal surpassed 5 million TEUs in throughput. Since its opening in December 2018, the terminal has launched over...

Adani to double investment in Transshipment Port to $2.4 billion

Billionaire Gautam Adani’s conglomerate is doubling investment to $2.4 billion in its new mega port in southern India as it seeks to expedite expansion...

Germany: Hamburg port workers on ‘warning strike’ over pay

Workers at the Port of Hamburg stopped work early on Tuesday, with their colleagues at Bremen-Bremerhaven taking the same action several hours later. The trade...

US ports oppose tariff on China-made cranes

US ports are pushing back against the recently proposed 25 percent tariff on Chinese-made ship-to-shore (STS) cranes, warning that the increased costs would have...