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Jan 20, 2025 · DHT Holdings provides the following business update: “For the fourth quarter of 2024, the Company estimates time charter equivalent earnings for its fleet at $38,800...
Greek shipowners make cautious start to 2025 - Shipping Herald
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 […]
Andreas Hageli and Thomas Kittelsen join SSY - Shipping Herald
Oct 16, 2024 · SSY, the world’s largest independent shipbroker, announced that Andreas Hageli and Thomas Kittelsen will join the broking group in January 2025 as part of a wider expansion of its Offshore Vessels division. Both highly regarded industry professionals, Hageli and Kittelsen will join Martin Hestnes to focus on subsea vessels and special projects. With over two […]
ZIM posts strong quarter, declares $100m special dividend
Nov 21, 2024 · ZIM Integrated Shipping Services, a global container liner shipping company, announced its consolidated results for the three and nine months ended September 30, 2024. Third Quarter 2024 Highlights Eli Glickman, ZIM President & CEO, stated, “ZIM delivered strong third quarter results, as we again achieved record carried volumes contributing to our outstanding financial performance. We […]
Baltic index extends losses on weaker capesize, supramax rates
Dec 20, 2024 · The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, extended losses to a 17-month low on Thursday, dragged down by weaker rates across capesize and supramax vessel segments. The index, which factors in rates for capesize, panamax and supramax shipping vessels, fell 52 points to 976 points, […]
COSCO Shipping announces major partnership for 10 new bulk …
Dec 20, 2024 · On December 19, COSCO Shipping partnered with Everbright Financial Leasing and Jiangsu Hantong Shipbuilding in Nantong to sign agreements for the construction and long-term leasing of 10 new 82,000-ton bulk carriers. This significant event was attended by our Chairman Chen Wei, Everbright’s Chairman Qu Liang, and Hantong’s Chairman Meng Chengjun, among other key leaders. During […]
Navigator Holdings completes expansion of ethylene export …
Jan 8, 2025 · Navigator Holdings, the owner and operator of the world’s largest fleet of handysize liquefied gas carriers, announces the completion of the expansion of its existing ethylene export terminal joint venture owned 50/50 by Navigator and Enterprise Products Partners L.P. at Morgan’s Point, Houston, previously announced on November 15, 2022, with additional information on March 9, […]
U.S. Probe finds China unfairly dominates shipbuilding, paving way …
Jan 14, 2025 · U.S. President Joe Biden’s administration has concluded that China uses unfair policies and practices to dominate the global maritime, logistics and shipbuilding sectors, three sources familiar with the results of a months-long trade investigation told Reuters. U.S. Trade Representative (USTR) Katherine Tai launched the probe in April 2024 at the request of the United Steelworkers […]
Baltic index extends losses on weaker capesize rates
Dec 6, 2024 · The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, fell on Thursday, pressured by lower rates in capesize vessels. The index, which factors in rates for capesize, panamax and supramax shipping vessels, fell 20 points to 1,160 points, its lowest since Sep. 2023. The capesize index fell […]
EU’s cleaner marine fuel rules are inflationary – shipbrokers
Jan 8, 2025 · EU regulation focused on cutting the shipping industry’s carbon emissions in as many years. Shipping transports over 80% of all traded goods and causes nearly 3% of greenhouse gas emissions. The FuelEU Maritime regulation requires commercial ships above 5,000 gross tonnage operating in EU ports to cut emissions from …