Maersk Raises Profit Guidance After Freight Rates Soar
A.P. Moller-Maersk raised its guidance for profit this year after freight rates soared.
The Copenhagen-based company added almost $5 billion to the midpoint of its operating profit forecast.
A.P. Moller-Maersk A/S, the world’s largest...
Summit & Commonwealth Sign MoU for LNG Offtake
Summit and Commonwealth LNG sign MoU for LNG in Bangladesh
the scope of the MoU includes SOSCL potentially contracting for 1 million tpy of LNG offtake, for a term of up to 20...
Boxship Charter Prices Push To Record Highs Amid Vessel Shortages
Average TCE rates increase above 30 months
8500 TEU fixtures eclipse $100,000/d
Slim 2021 to 2022 deliveries to support rates
Container ship operators are paying increasingly high charter rates for longer periods as they...
Container Ship Orders Record 790% Increase, The Highest Level So Far
At present, the number of container ship orders is hitting the highest level in history.
The Global container ship orders reached 286 vessels, an increase of 790% from 32 vessels in the same...
Damietta Terminal in Egypt Dispatched 17 LNG cargoes in H1
Damietta liquefaction plant in Egypt has dispatched a total of 17 LNG cargoes in the first half of this year
it stopped operations in 2012 due to declining domestic production and restarted the...
ICS Welcomes Its First African Member State
The Nigerian Chamber of Shipping has become a full member of the ICS.
It became a full member of ICS on Monday 2nd August, 2021.
The Nigerian Chamber of Shipping has become a full...
Shipping To Draw Up Plans As China Enters Into Lockdown Again
Shipping will need to start to make contingency plans if cases of Covid-19 continue to escalate in China.
When a Covid-19 outbreak was detected at Yantian Port in late May, operations at the...
BP Raises Oil Price Assumption
BP raises oil price assumptions, promises recovery after 25% Q2 output slump
supply constraint underpins higher 2025 price outlook
BP raised its 2025 oil price assumption to reflect expected supply constraints, says an article...
Baltic Index Edges Low Mirroring Capesize Dip
The Baltic Exchange's main sea freight index inched down on Tuesday as a dip in the capesize segment offset gains in smaller vessels, reports Yahoo Finance.
Baltic Exchange freight index
The Baltic Exchange's main sea freight...
MOL To Construct Series of 4 LNG-Fueled Car Carriers
MOL to build series of 4 LNG-fueled car carriers
Progressing towards "90 LNG-fueled vessels by 2030"
Mitsui O.S.K. Lines reached an agreement with Shin Kurushima Dockyard Co and Nihon Shipyard Co to build four...