Jan 17, 2025 · Greek shipowners have made cautious moves, with sales mainly of older ships, in the first 15 days of 2025, while few purchases and new orders have been recorded. For example, Navios has sold the oldest bulk carrier in its fleet to a Chinese company, with its revenue from ship sales, from 2022 onwards, now reaching […]

Nov 11, 2024 · The Board of Directors of the CMA CGM Group met under the chairmanship of Rodolphe Saadé, Chairman and Chief Executive Officer, to review the financial statements for the third quarter of 2024. Commenting on the results for the period, Rodolphe Saadé, Chairman and Chief Executive Officer of the CMA CGM Group, said: “In a context of […]

Oct 24, 2024 · COSCO SHIPPING Ports Limited announces its acquisition in 12.5% and 30% of the equity stakes in Thai Laemchabang Terminal Co., Ltd. (‘TLT’) and Hutchison Laemchabang Terminal Limited (‘HLT’), respectively. During the project signing ceremony held in Vietnam on 23 October 2024, under the witness of Mr. ZHU Tao, the Chairman of the Board of COSCO […]

Oct 17, 2024 · German family-owned shipping company, Reederei Bernd Sibum, has placed an order with Damen Shipyards Group for the construction of four Combi Freighters (CF) 3850. These vessels, scheduled for delivery in early 2026, are hybrid ready, designed to enhance the sustainability, efficiency, and lifespan of Reederei Bernd Sibum’s fleet. As a first-time customer of Damen, Reederei […]

Jan 3, 2025 · Crowley announced that it has expanded its harbor services capabilities through the acquisition of Main Line, a vessel mooring company based in Seattle, effective Jan. 1. The addition of Main Line will provide Crowley’s customers calling on the ports of Seattle and Tacoma, Washington with a comprehensive solution for their vessel mooring and ship assist […]

Dec 31, 2024 · Yinson Production announced the extension of the charter contract for FPSO PTSC Lam Son. In continuation of the existing bareboat charter, the contract has been extended for a firm period of 18 months starting from 1 January 2025 to 30 June 2026, with an automatic extension for an additional six months until 31 December 2026, subject to certain conditions.

Oct 31, 2024 · NORDEN generated a net profit of USD 25 million in the third quarter of 2024, impacted by weaker than expected markets in both dry cargo and tankers. NORDEN’s net profit for the first nine months of 2024 was USD 133 million.Margins in Freight Services & Trading continued to be negative, driven by weaker tanker rates, whilst earnings from the dry […]

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Nov 18, 2024 · The world’s largest container shipping company MSC has cleared the way for its entry into the Hamburg port operator HHLA. According to a mandatory publication on the MSC website on Friday, the Ukrainian competition authorities have now also given the green light. This means that all of the closing conditions described in the offer documents […]

Oct 10, 2024 · Hapag-Lloyd AG and Maersk A/S, an entity under A.P. Moller – Maersk, confirm that they expect to phase in their Cape of Good Hope network for the commencement of the Gemini Cooperation on 1 February 2025. As the situation remains highly dynamic, Hapag-Lloyd and Maersk will return to the Red Sea when it is safe […]