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Baltic index posts worst week in more than two months

Baltic index posts worst week in more than two months

The Baltic Exchange’s main dry bulk sea freight index extended declines on Thursday to post its worst week since early...
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Baltimore port bridge collapse: Global ocean carriers put U.S. companies on hook for urgent cargo pickup

Baltimore port bridge collapse: Global ocean carriers put U.S. companies on hook for urgent cargo pickup

Ocean carriers are declaring “force majeure” due to the Baltimore port bridge crisis, telling logistics companies and U.S. shippers including...
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More and more shippers are taking action on seaborne GHG emissions

More and more shippers are taking action on seaborne GHG emissions

Strong growth for Maersk ECO Delivery Ocean product in 2023. Over 200 customers saved more than 680,000 tons of GHG...
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Weichai Showcases Advanced Offshore Marine Power Solutions at APM 2024

Weichai Showcases Advanced Offshore Marine Power Solutions at APM 2024

The 2024 Asia Pacific Maritime (APM 2024), a cornerstone event for the maritime sector, was held at Marina Bay Sands...
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Hapag-Lloyd to seek cost cuts after net profit slump

Hapag-Lloyd to seek cost cuts after net profit slump

German container shipper Hapag-Lloyd HLAG.DE on Thursday said global vessel oversupply and a crisis in the Red Sea will force...
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Baltic index posts sixth straight weekly gain

Baltic index posts sixth straight weekly gain

The Baltic Exchange’s main sea freight index rose on Friday and posted a sixth consecutive weekly gain, steered by strong...
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Three key takeaways from our Europe gas markets short-term outlook Q1 2024

Three key takeaways from our Europe gas markets short-term outlook Q1 2024

European gas prices are currently back to pre-crisis levels, but with a complex series of factors affecting future supply and...
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Asia Fuel Oil-Spot differentials, margins end week on stable note

Asia Fuel Oil-Spot differentials, margins end week on stable note

Asia’s fuel oil market was broadly unchanged on Friday, with spot differentials and margins holding relatively stable from the previous...
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CMA CGM signed a put option agreement for Altice Media

CMA CGM signed a put option agreement for Altice Media

Rodolphe Saadé, Chairman & CEO of the CMA CGM Group, declared: Through this contemplated acquisition, we have the ambition to...
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Despite challenges, American Club experiences stability with the 2024 P&I renewal

Despite challenges, American Club experiences stability with the 2024 P&I renewal

The American Club has reported relatively moderate drops from the year-on-year renewal results, which reflects overall stability within the context...
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Fleet Upgrades Enabled Seanergy Maritime To Navigate Capesize Market Volatility During 2023

Fleet Upgrades Enabled Seanergy Maritime To Navigate Capesize Market Volatility During 2023

Seanergy Maritime Holdings Corp., announced today its financial results for the fourth quarter and twelve months ended December 31, 2023....
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Yemen’s Houthis threaten to extend ship attacks to Indian Ocean

Yemen’s Houthis threaten to extend ship attacks to Indian Ocean

Yemen’s Houthis vowed to prevent Israel-linked ships from passing through the Indian Ocean towards the Cape of Good Hope, the...
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IMO’s 2030 and 2040 GHG reduction targets now explicitly linked to fuel standard, whilst momentum builds on a universal GHG price (levy), but all options remain on the table

IMO’s 2030 and 2040 GHG reduction targets now explicitly linked to fuel standard, whilst momentum builds on a universal GHG price (levy), but all options remain on the table

The Sixteenth Meeting of the Intersessional Working Group on Reduction of GHG Emissions from Ships has just concluded with some...
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Seapath Launches Jones Act Leasing Business with $25 Million in Initial Transactions

Seapath Launches Jones Act Leasing Business with $25 Million in Initial Transactions

Seapath, one of Libra Group’s maritime subsidiaries dedicated to advancing critical maritime infrastructure, announced the launch of a Jones Act...
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Panama Canal Announces Increase in Daily Slots at Panamax Locks

Panama Canal Announces Increase in Daily Slots at Panamax Locks

In response to the present and projected level of Gatun Lake, the Panama Canal Authority (ACP) announced Today through Advisory...
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Asia Fuel Oil-Margins dip sightly; Kuwait offers HSFO supplies

Asia Fuel Oil-Margins dip sightly; Kuwait offers HSFO supplies

Refining margins for fuel oil weakened slightly in Asia on Thursday, while Kuwait offered high sulphur fuel oil (HSFO) for...
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Hapag-Lloyd publishes the 2023 annual report and announces the forecast for the current financial year

Hapag-Lloyd publishes the 2023 annual report and announces the forecast for the current financial year

Hapag-Lloyd yesterday published its annual report for 2023. As expected, a significant decrease in earnings was recorded. According to the...
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NIBC’s Shipping business shows robust 2023 performance amid a dynamic international economic environment

NIBC’s Shipping business shows robust 2023 performance amid a dynamic international economic environment

The size of the NIBC Shipping portfolio decreased slightly to EUR 955 million (compared to EUR 1,115 million in 2022)....
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LNG-fueled Car Carrier CERULEAN ACE Delivered MOL Moves Steadily toward Goal of 90 LNG/Methanol-fueled Vessels by 2030

LNG-fueled Car Carrier CERULEAN ACE Delivered MOL Moves Steadily toward Goal of 90 LNG/Methanol-fueled Vessels by 2030

Mitsui O.S.K. Lines, Ltd. announced that on March 13, the LNG-fueled car carrier CERULEAN ACE, was delivered at the Onishi...
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IAPH publishes an easy-to-use guide to discussions underway at the IMO on the reduction of Greenhouse Gas emissions from ships

IAPH publishes an easy-to-use guide to discussions underway at the IMO on the reduction of Greenhouse Gas emissions from ships

Currently, IAPH is attending the 16th meeting of the IMO’s Intersessional Working Group on the reduction of GHG emissions from...
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