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Castor Maritime Inc. Announces the Completion of the Sale of the M/V Magic Eclipse

Castor Maritime Inc. (NASDAQ: CTRM), (“Castor” or the “Company”), a diversified global shipping company, announces that on March 24, 2025, it completed the previously announced sale of the M/V Magic Eclipse, a 2011-built Panamax bulk carrier vessel by delivering the...

Maritime Industry Associations launch consolidated BMP Maritime Security publication

The Industry Associations of BIMCO, ICS, IMCA, INTERCARGO, INTERTANKO & OCIMF supported by over forty maritime stakeholders, have today released a consolidated and enhanced publication Best Management Practices (BMP) for Maritime Security (MS). As an interactive...

China’s PMI shows manufacturing resilience amid tariff headwinds

China’s official manufacturing purchasing managers’ index (PMI) rose to 50.5 in March from 50.2 in February, reaching a 12-month high. The manufacturing PMI has remained in expansion territory for five of the past six months. The uptick in March was fairly...

President Trump’s inflation fight could put pressure on oil

Chris Wright, the US energy secretary, last week explained President Donald Trump’s economic priorities. “He got elected to lower prices for American consumers,” Wright told Bloomberg TV. “You think he’s going to change his mind and say ‘No, I’m in favor of higher...

Panama ports deal delayed under Chinese pressure

CK Hutchison Holdings’ sale of its 90% interest in the Panama Ports Company, including two crucial Panama Canal ports, could be on hold, according to sources close to the Hong Kong-based firm. The BlackRock-led consortium was said to have agreed essential terms with...

U.S. sanctions boost South Korean shipbuilding as Chinese vessel orders decline

As the United States implements a policy imposing millions of dollars in fees on Chinese vessels and shipping companies traveling to and from its ports, there have been instances of canceled orders for Chinese vessels. Analysts suggest that a decline in demand for...

Castor Maritime Inc. Announces the Completion of the Sale of the M/V Magic Eclipse

Maritime Industry Associations launch consolidated BMP Maritime Security publication

China’s PMI shows manufacturing resilience amid tariff headwinds

President Trump’s inflation fight could put pressure on oil

Panama ports deal delayed under Chinese pressure

U.S. sanctions boost South Korean shipbuilding as Chinese vessel orders decline

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