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Scorpio Tankers Inc. Announces Agreement for a $223.6 Million Prepayment under its 2023 $1.0 Billion Credit Facility

Scorpio Tankers Inc. Announces Agreement for a $223.6 Million Prepayment under its 2023 $1.0 Billion Credit Facility

Scorpio Tankers Inc. announced that it has received approval from majority lenders under its 2023 $1.0 Billion Credit Facility to...
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TEN Ltd. announces delivery of six enviromental friendly vessels since the beginning of 2024

TEN Ltd. announces delivery of six enviromental friendly vessels since the beginning of 2024

TEN, Ltd announces that following the delivery of three vessels since the beginning of 2024, the Dual-Fuel LNG LR2 product...
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MAI to Invest in Ship Investment Fund Managed by Navigare Capital Partners

MAI to Invest in Ship Investment Fund Managed by Navigare Capital Partners

Mitsui & Co. Alternative Investments Limited (“MAI”, President and CEO: Takateru Mitsui) has decided to participate in Maritime Investment Fund...
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Deltamarin and ECOLOG unveil LP LCO2 carrier design

Deltamarin and ECOLOG unveil LP LCO2 carrier design

Deltamarin and ECOLOG have collaborated on LCO2 carrier design for the purpose of tendering at shipyards worldwide. The new design...
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Inmarsat launches NexusWave: a game-changing ‘bonded’ network service for maritime communications

Inmarsat launches NexusWave: a game-changing ‘bonded’ network service for maritime communications

The new fully managed connectivity service offers a unified multi-dimensional network, delivering high-speed service, unlimited data, and global coverage at...
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Navios Maritime Holdings Inc. Provides Important Reminder for All Holders of Series G and Series H American Depositary Shares: Early Tender Deadline to Receive $5.75 in Cash is May 21, 2024, 5:00 P.M.

Navios Maritime Holdings Inc. Provides Important Reminder for All Holders of Series G and Series H American Depositary Shares: Early Tender Deadline to Receive $5.75 in Cash is May 21, 2024, 5:00 P.M.

Navios Maritime Holdings Inc provided a reminder of its previously announced tender offer to purchase any and all outstanding Series...
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Baltic index steady as gains in capesize offset lower rates for smaller vessels

Baltic index steady as gains in capesize offset lower rates for smaller vessels

The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, was mostly unchanged on...
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Strong Southern Hemisphere harvests drive reefer shipping growth

Strong Southern Hemisphere harvests drive reefer shipping growth

After a tumultuous year in 2023, the reefer sector has started 2024 on a stronger footing as healthy crops in...
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Samsung Heavy unveils eco-friendly ships, AI tech in Europe

Samsung Heavy unveils eco-friendly ships, AI tech in Europe

Samsung Heavy Industries Co., South Korea’s second-largest shipbuilder, showcased new eco-friendly ships and digital vessel technology for net zero in...
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Marine bunker sales at UAE’s Fujairah hit two-month low in April

Marine bunker sales at UAE’s Fujairah hit two-month low in April

Marine bunker fuel sales at the United Arab Emirates’ Fujairah port hit a two-month low in April, although they were...
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MOL and TotalEnergies Sign Time Charter Contracts for 2 Newbuilding LPG-fueled LPG Carriers

MOL and TotalEnergies Sign Time Charter Contracts for 2 Newbuilding LPG-fueled LPG Carriers

Mitsui O.S.K. Lines, Ltd. announced that through its group company MOL Energia Pte. Ltd. (President: Miki Ogura; Head Office: Singapore),...
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Maersk speeds up supply chains in Europe with new cross dock facility in Rotterdam

Maersk speeds up supply chains in Europe with new cross dock facility in Rotterdam

Maersk has inaugurated a specialized cross dock warehouse in Rotterdam on its Maasvlakte II terminal. It will accelerate the flow...
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Logistics Trade Bodies Unite in Calls for Industry Action on New EU Import Declarations

Logistics Trade Bodies Unite in Calls for Industry Action on New EU Import Declarations

Global and European trade associations representing shippers, forwarders and vessel operators have issued an urgent alert to all businesses involved...
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Indian steel mills fear surge in Chinese imports after U.S. tariffs

Indian steel mills fear surge in Chinese imports after U.S. tariffs

India’s steel industry, already reeling from cheaper imports, is worried about a surge in shipments from China after the United...
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Bureau Veritas report highlights the potential of carbon capture technologies and the development of carbon value chains for shipping

Bureau Veritas report highlights the potential of carbon capture technologies and the development of carbon value chains for shipping

Bureau Veritas (BV), a global leader in the Testing, Inspection, and Certification (TIC) industry, has released a report which assesses...
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Baltic index hits near two-week low as vessel demand dips

Baltic index hits near two-week low as vessel demand dips

The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, slipped to its lowest...
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Asia Fuel Oil-VLSFO cash premium rises, Singapore stocks dip

Asia Fuel Oil-VLSFO cash premium rises, Singapore stocks dip

Asia’s Low-Sulphur Fuel Oil (VLSFO) rose on Thursday after Singapore inventories dropped to a two-week low. Cash premiums for VLSFO...
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Hapag-Lloyd with good start to 2024 in first quarter of year

Hapag-Lloyd with good start to 2024 in first quarter of year

Hapag-Lloyd concluded the first quarter of 2024 with a Group EBITDA of USD 942 million (EUR 868 million). Compared to...
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Hapag-Lloyd with good start to 2024 in first quarter of year

Hapag-Lloyd with good start to 2024 in first quarter of year

Hapag-Lloyd concluded the first quarter of 2024 with a Group EBITDA of USD 942 million (EUR 868 million). Compared to...
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Inmarsat ‘Digital Wave’ Report Explores Importance Of Connectivity Onboard ‘Floating Offices’ At Sea

Inmarsat ‘Digital Wave’ Report Explores Importance Of Connectivity Onboard ‘Floating Offices’ At Sea

Inmarsat Maritime, a Viasat company, has launched a new report Digital Wave: Transforming vessels into floating offices and remote homes....
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