Seapath, one of Libra Group’s maritime subsidiaries dedicated to advancing critical maritime infrastructure, announced the launch of a Jones Act leasing business. Through innovative maritime leasing and financing solutions and a growing portfolio of vessels valued at...

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In response to the present and projected level of Gatun Lake, the Panama Canal Authority (ACP) announced Today through Advisory to Shipping No. No. A-08-2024; a new adjustment to accommodate the growing demand for transits, by increasing the number of daily slots...

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Refining margins for fuel oil weakened slightly in Asia on Thursday, while Kuwait offered high sulphur fuel oil (HSFO) for loading between March and June. The refiner has been active in spot tenders in recent weeks, offering four cargoes of 380-cst HSFO for loading...

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Hapag-Lloyd yesterday published its annual report for 2023. As expected, a significant decrease in earnings was recorded. According to the report, the Group EBITDA stood at USD 4.8 billion (EUR 4.5 billion). The Group EBIT experienced a year-on-year decrease to USD...

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The size of the NIBC Shipping portfolio decreased slightly to EUR 955 million (compared to EUR 1,115 million in 2022). This is mainly due to a currency effect; the USD has strengthened against the USD in which Shipping financings take place. In addition, we also see a...

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Mitsui O.S.K. Lines, Ltd. announced that on March 13, the LNG-fueled car carrier CERULEAN ACE, was delivered at the Onishi Shipyard of Shin Kurushima Dockyard Co., Ltd. (President: Katsushi Mori; Head Office: Imabari-shi, Ehime Prefecture). The vessel will transport...

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