News Flash
Hapag-Lloyd: Higher costs will inevitably push up shipping rates
Germany’s Hapag-Lloyd, the world’s fifth-largest shipping line, posted better-than-expected results for the first quarter of 2023, with freight rates averaging...
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South East Asia set to enter coal importer big leagues
Southeast Asia only accounts for around 12% of global thermal coal imports, so is often overshadowed by China and India...
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Iron ore wobbles on China demand concerns, stimulus hopes
Iron ore futures fell on Friday, as traders worried about a dim demand outlook in top steel producer and metals...
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India’s April palm oil imports slump 30% to 14-month low
India’s palm oil imports in April slumped 30% from a month earlier to hit a 14-month low, as the premium...
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COSCO SHIPPING Ports announces that the German Government confirms the approval of the investment by the Company in 24.99% equity interest of Hamburg Port Container Terminal Tollerort
COSCO SHIPPING Ports Limited (‘CSPL’ or ‘the Company’) announces that on 10 May, the German government confirmed the approval of...
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EXMAR Reports Higher First Quarter Revenues
The Executive Committee of EXMAR NV today reports its first quarter results 2023 KEY EVENTS FIRST QUARTER 2023 AND OUTLOOK...
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Baltic Exchange assurance engagement for Ocean Bulk completed by PWC
PricewaterhouseCoopers LLP (PwC) have recently completed the third independent assurance audit of Baltic Exchange Information Services Ltd (BEISL) Ocean Bulk...
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China steps up sampling of soy cargoes, adding to costly delays, traders say
China is significantly increasing the rate of inspections on imported soybean cargoes, three soybean traders told Reuters on Friday, lengthening...
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Bankrupt Bed Bath & Beyond goes after container shipping lines
Bed Bath & Beyond filed for bankruptcy protection on April 23 and is closing all 475 of its stores. COVID-era...
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VLSFO steady; market awaits fresh tenders from Kuwait’s Al Zour
Asia’s very-low sulphur fuel oil (VLSFO) benchmarks held stable on Friday, with activity largely quiet as the market awaited new...
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Panama concludes update of the General Merchant Marine Law
The Panama Maritime Authority (AMP) and Panama’s main maritime associations concluded the meetings for the revision of the General Merchant...
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Box rates not sustainable amid inflation pressure: Hapag-Lloyd
Container shipping rates have weakened to a level “not sustainable” for box carriers in the long run, with their operating...
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Global Ship Lease: Normalization of Rates and Asset Prices Continued During First Quarter of 2023
Global Ship Lease, Inc., an owner of containerships, announced today its unaudited results for the three months ended March 31,...
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Hapag-Lloyd Q1 2023: good resilience in weaker market environment
Hapag-Lloyd has concluded the first quarter of 2023 with an EBITDA of USD 2.4 billion (EUR 2.2 billion). EBIT decreased...
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Seanergy Maritime Successfully Completes $54 million Refinancing Transactions for 3 Capesize Vessels with Significant Cost and Liquidity Benefits for the Company
Seanergy Maritime Holdings Corp. announced today that, pursuant to its strategy of pursuing attractive refinancing opportunities, it entered into two...
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TORM: Freight Rates During First Quarter Were Three Times Higher Year-on-Year
“During the first quarter of 2023, we saw a sustained strong product tanker market with high volatility, primarily driven by...
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Talks on extending Ukraine grain deal look at U.N. proposals
Ukraine, Russia, Turkey and the United Nations discussed on Thursday U.N. proposals to extend a deal allowing the safe Black...
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Euronav: Tanker Market To Grow for Many Years to Come
Euronav NV reported its non-audited financial results today for the first quarter ended 31 March 2023. Hugo De Stoop, CEO...
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Cash premiums, margins steady; Singapore inventories ease further
Asia’s fuel oil market was little changed on Thursday, while residual fuel oil stocks at Singapore slid for a fifth...
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MABUX: Bunker Prices Expected to Stabilize Next Week
Over Week 19, the global MABUX bunker indices showed a moderate upward correction. The 380 HSFO index increased by 2.78...
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Recent News
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