Baltic index steady as gains in capesize offset lower rates for …
WEBMay 1, 2024 · The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, was mostly unchanged on Tuesday as gains in capesize countered weakness in smaller vessel segments. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, edged higher to 1,685. The capesize index gained 20 points, or […]
Dynacom linked to LR1 newbuilding orders in China
WEBJan 16, 2024 · George Procopiou-led Dynacom has reportedly placed an order to build six 75,000-dwt LR1 tanker vessels at New Times Shipbuilding. The vessels are slated for delivery in 2026 and 2027, with the cost at USD 53 million each.
Eagle Shareholders Approve Merger With Star Bulk
WEBApr 8, 2024 · Eagle Bulk Shipping Inc. announced that its shareholders voted in favor of (1) a proposal to approve and authorize the previously announced Agreement and Plan of Merger, dated December 11, 2023, entered into by and among Star Bulk Carriers Corp., Star Infinity Corp. and the Company and the merger contemplated thereby and (2) a proposal to authorize and approve the issuance of shares of the ...
Clarksons Research: Offshore Review & Outlook - Shipping Herald
WEBSep 22, 2021 · The Clarksons Research semi-annual review and outlook of the offshore and energy markets, Offshore Review and Outlook, has been released. While offshore oil and gas markets continue to face challenges, improved activity, utilisation and sentiment are also being reported. And as the focus on energy transition and de-carbonisation intensifies, offshore wind continues its exciting growth […]
China’s weak steel, strong iron ore imports shaped by prices
WEB2 days ago · With the evident weakness in steel, it’s perhaps surprising that imports of iron ore have held up so far in 2024. China, which buys about 75% of global seaborne volumes, saw imports of 101.39 million tons in August, down 1.4% from July’s 102.81 million tons. STEADY IMPORTS. Monthly iron ore imports have held above 100 million tons for six ...
Korea revises visa rules to secure more foreign workers for ...
WEBApr 20, 2022 · A total of 4,428 skilled foreign shipyard workers will be granted greater job opportunities at 335 small businesses partnering with seven local shipbuilding and marine companies, as the government eases rules on the E-7 visa, Tuesday. Eligible are welders, painters, electrical engineers and plant engineers. The measure will be implemented at ...
TEN: Long-term Charter Extensions for Aframax Tankers
WEBDec 3, 2021 · TEN announced the charter extension for two aframax tankers for a combined period of 48 months to a major oil company. With these two transactions, the total number of long-term businesses secured over the last three months climb to 10 including ones with fixed and profit-sharing contracts. These 10 fixtures combined with the minimum charter ...
Drewry: World Container Index Down By 3% Last Week
WEBApr 8, 2024 · The composite index decreased by 3% to $2,836 per 40ft container this week and has increased by 66% when compared with the same week last year. The latest Drewry WCI composite index of $2,836 per 40ft container is 100% more than average 2019 (pre-pandemic) rates of $1,420. The average composite …
Shipping News Archives - Shipping Herald
WEBSep 13, 2024 · Schuyler Line Navigation was awarded a $17,155,000 firm-fixed-price, with reimbursable elements, for time charter of one approved upon delivery U.S. flag or foreign flag...
Maran Gas, Knutsen agree LNG carrier deals with PGNiG
WEBApr 8, 2022 · Maran Gas and Knutsen OAS Shipping will provide two newbuild liquified natural gas (LNG) carriers each to PGNiG. The vessels will enter service in 2025, with a capacity of 174,000 cu m. PGNiG Supply & Trading (PST) will be their sole user for 10 years with an option to extend the charter.
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