Highlights Strong operating revenues of USD 152.8 million.EBITDA was USD 93.6 million, compared to USD 127.0 million in Q4 2022 for non-recurring items, EBITDA was USD 101.5 million (Q4 2022: USD 114.3 million).Non-recurring impairment charges of USD 34.9 million and...

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Yemen’s Houthis said on Tuesday they could only reconsider their missile and drone attacks on international shipping in the Red Sea once Israel ends its ”aggression” in the Gaza Strip. Asked if they would halt the attacks if a ceasefire deal is reached, Houthi...

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Chief Executive Officers of the CMA CGM Group, COSCO SHIPPING, Evergreen and OOCL signed in Shanghai a Memorandum of Understanding to extend the OCEAN Alliance operational cooperation for five additional years until 2032. As a sustainable cooperation, OCEAN Alliance...

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Cash discounts for High Sulphur Fuel Oil (HSFO) widened in Asia on Tuesday as the region remains well supplied, with spot offers for the 380-cst grade sliding compared to the previous day. The Singapore cash differential softened to a discount of $5.88 a metric ton,...

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South Korea’s three major shipbuilders are winning large orders for Liquefied Natural Gas (LNG) carriers in early 2024, indicating their strategies of selectively receiving orders for high value-added ships from their huge backlog of orders are bearing fruit. HD Korea...

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Maersk has warned of disruptions to container shipping via the Red Sea dragging into the second half of the year and of heavy congestion and delays for U.S.-bound goods. Major container shipping companies have switched away from the Red Sea and Suez Canal to the...

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