Yearly Archives: 2024
Capesize Rates Weaken Despite Early Signs Of Strength
The Capesize market had a volatile week, starting strong and then weakening. Early on, there were positive signs in both the Pacific and Atlantic...
VLCC Market Stabilizes, Aframax Sees Mixed Results
The market for Very Large Crude Carriers (VLCCs) transporting Middle East Gulf (MEG) crude experienced a slight decline this week. While there was sufficient...
DP World Leads the Way With First MENA Blue Bond Issuance
DP World has issued a $100 million Blue Bond to finance sustainable projects in marine transportation, port infrastructure, and environmental protection. This innovative financing...
Avenir LNG Marks Milestone With Successful LNG Bunkering Operation In Poland
Avenir LNG has successfully conducted its first small-scale LNG vessel call at the Swinoujscie LNG Terminal in Poland. This marks a significant milestone in...
Navantia Acquires Harland & Wolff, Securing UK Shipbuilding Industry
Navantia UK has acquired all four of Harland & Wolff's shipyards in the UK, securing the future of shipbuilding in Belfast, Scotland, and Devon....
AMSA Introduces Key Changes To Safety Management Systems For Domestic Shipping
Starting June 1, 2025, new safety management system (SMS) requirements will be implemented for domestic commercial vessels in India. These new regulations aim to...
Collaboration For Sustainability: NYK And YL Launch GHG Reduction Platform
NYK and YL have launched a digital platform to help their customers reduce their Scope 3 GHG emissions. This platform, powered by 123Carbon, allows...
MI LNG Company To Become MILES Co., Ltd., Marking A New Chapter
MI LNG Company, Limited, a joint venture between Mitsubishi Heavy Industries, Ltd. (MHI) and Imabari Shipbuilding Co., Ltd., will officially be renamed MILES Co.,...
AD Ports Group Secures Expanded $2.125 Billion Revolving Credit Facility
AD Ports Group, a leading global trade, logistics, and industry enabler (ADX: ADPORTS), has successfully refinanced and upsized its Revolving Credit Facility (RCF) from...
Danish Shipping Advocates For IMO Biofouling Guidelines
Danish Shipping has endorsed the International Maritime Organization (IMO) guidelines on biofouling management, emphasizing their critical role in preserving marine biodiversity and preventing the...