IC Shipbrokers herewith welcomes you to today’s freight market report. We are giving you an insight in today’s freight market and an update with the latest freight market indications. The …
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Preliminary investigations found that a drone caused the fire involving two vessels at Damietta Port, the Egyptian Cabinet said on Thursday, confirming for the first time that the blaze which …
Japanese shipping company Nippon Yusen Kaisha (NYK) has decided to participate in an investment in MidOcean Energy, a United Kingdom-based liquefied natural gas (LNG) company established and managed by EIG, …
In accordance with the assessment of Drewry Supply Chain Advisors, the container rates continue this week the further decreasing tendency. As it is mentioned, their composite World Container Index decreased …
The New York-listed product tanker owner Scorpio Tankers signed this month a letter of intent to buy two scrubber-fitted LR2 newbuilding product tankers for $72.8m per vessel. The vessels are …
Saudi Arabia National Shipping Company (Bahri), the Kingdom’s shipping and logistics provider, announced through Bahri Line, its dedicated arm for scheduled shipping and cargo services, the launch of a newbuild …
Milan-listed d’Amico International Shipping S.A., through its fully-owned subsidiary d’Amico Tankers d.a.c., is continuing its remarkable buying spree by snapping up more MR2 newbuild vessels. The company, which embarked on …
Nasdaq-listed capesize and newcastlemax owner Seanergy Maritime Holdings has agreed to buy two Japanese-built capesize vessels, a newbuilding and a modern 2022-built vessel, for aggregate consideration of approximately $130m. The …
A tanker loading Kazakh origin crude at the Caspian Pipeline Consortium (CPC) terminal was hit by a drone on Thursday. The Greek Alafouzos family-led company Okeanis Eco Tankers Corp. confirmed …
IC Shipbrokers herewith welcomes you to today’s freight market report. We are giving you an insight in today’s freight market and an update with the latest freight market indications. The …
Norway’s shipowner and operator of offshore service vessels Golden Energy Offshore Services ASA (GEOS) has secured a new term contract for the PSV Energy Pace with a first-class international charterer, …
Image credit: Colombo Dockyard Colombo Dockyard PLC (CDPLC) has secured a major international shipbuilding contract to construct an ultra-modern cable laying and repair vessel for Global Marine Systems Limited of …
The European Commission has approved a €103m Dutch state aid scheme to support cleaner and zero-emission vessels using renewable methanol or renewable hydrogen. The scheme will support the purchase of …
Limassol-based Pelagic Credit has entered into definitive agreements for a sale-and-leaseback investment comprising three handysize bulk carriers, with an aggregate transaction value of $47.4m. The investment, which represents Pelagic Credit’s …
Leon Patitsas, the shipowner whose name is among the most powerful Greek shipowners, and European Maritime Finance (EMF) have secured what they describe as a record-high time charter rate for …
London has strengthened its position as the world’s leading centre for maritime dispute resolution, while Singapore and Hong Kong continue to reinforce their status as the leading Asian arbitration hubs, …
The Nasdaq-listed Capital Clean Energy Carriers Corp. (CCEC) has sealed a chartering deal for its LNG carrier newbuilding Alcaios I, due for delivery later this week. Marinakis-led CCEC said the …
Ukraine has publicly urged India to take a tougher stand against Russia, accusing Moscow of repeatedly putting Indian seafarers in danger through attacks on civilian ships and port infrastructure in …
Photo: RS «Stormbull»/Redningsselskapet / Norwegian Society for Sea Rescue The fire has been extinguished and no one has been injured after a Norwegian chemical tanker caught fire on Tuesday. Norwegian …
France’s LNG player TotalEnergies and energy company Eni, partners in Cyprus offshore Block 6, have taken the final investment decision for the development of the Cronos gas field, discovered in …
Asyad Shipping Company S.A.O.G has signed an agreement with Oman LNG Development Foundation (ODF) and Mars Development and Investment LLC (Mars) after selling 20% stake of its two new-build LNG …
Athens-based suezmax tanker owner Rubico has entered into a letter of intent for the potential acquisition from Top Ships, a related party controlled by Rubico’s controlling shareholder, of a shipowning …
The Danish ferry company Scandlines has announced that its ferry M/F Kronprins Frederik has set sail for the last time this weekend. Their iconic ferry, which has previously sailed for …
A tanker was detained by the Malaysian authorities for allegedly anchoring without permission in Selangor waters during an enforcement operation carried out by MMEA. The Malaysian Maritime Enforcement Agency (MMEA) …
A tugboat captain has pleaded guilty to federal charges after operating a barge with obstructed visibility and without a proper lookout, causing a fatal collision in Biscayne Bay, South Florida, …
Photo: RS «Stormbull»/Redningsselskapet / Norwegian Society for Sea Rescue The fire has been extinguished and no one has been injured after a Norwegian chemical tanker caught fire on Tuesday. Norwegian …
The U.S. needs to restore domestic shipping capacity by creating a public container shipping carrier, according to a new report released by the Open Markets Institute. The Washington, DC-based think …
IC Shipbrokers herewith welcomes you to today’s freight market report. We are giving you an insight in today’s freight market and an update with the latest freight market indications. The …
The United Arab Emirates-headquartered port and logistic operator DP World and the European Bank for Reconstruction and Development (EBRD) have signed a loan agreement of up to Euro €25m to …
HD Korea Shipbuilding & Offshore Engineering, the intermediary holding company for HD Hyundai’s shipbuilding business, is teaming up with global engineering software firm Siemens Digital Industries Software to build a …
Greece-based and New York-listed Diana Shipping, through a separate wholly-owned subsidiary, has sealed a time charter deal with Classic Maritime, for one of its newcastlemax dry bulk vessels, the Philadelphia. …
Costamare, a New York-listed owner of boxships, reveals busy S&P activity in its unaudited financial results for the second quarter and six-month period ended June 30. The company, founded by …
New York-listed Tsakos Energy Navigation (TEN) took delivery of its brand-new shuttle tanker Anfield DP from Samsung Heavy Industries in South Korea. The DP2 suezmax shuttle tanker is the third …
After a return to full-scale war was threatened, the US president Donald Trump is giving the negotiations room to progress – renewing hopes of negotiations on a ceasefire. Mike Waltz, …
The European Commission has proposed adding two ship recycling facilities located in India to the 16th edition of the European List of Ship Recycling Facilities. The Commission’s proposal includes, for …
Vietnam on Sunday thanked Chinese authorities for their prompt support in search and rescue operations after a Vietnamese general cargo ship sank in the South China Sea, with 45 of …
IC Shipbrokers herewith welcomes you to today’s freight market report. We are giving you an insight in today’s freight market and an update with the latest freight market indications. The …
The Singapore-headquartered offshore marine solutions specialist PACC Offshore Services Holdings Ltd (POSH) has announced the signing of a new long-term subsea diving services contract in the Arabian Gulf. In order …
Japan has been promoting R&D on advanced shipbuilding technologies utilizing artificial intelligence with the aim of achieving substantial improvement in productivity within the shipbuilding industry. As part of these efforts, …
Samsung Heavy Industries, a major South Korean shipbuilder, said Friday it will pursue broad cooperation with the U.S. shipbuilding industry through a series of agreements spanning LNG bunkering, autonomous maritime …
The United States will slap tariffs of 10% to 12.5% on imports from 60 trading partners, charging that they have inadequately enforced bans on goods produced by forced labor. “The …
KfW IPEX-Bank, as the mandated lead arranger with a share of $100m, is leading the financing of ten new container vessels for a German subsidiary of MPC Container Ships ASA …
Maersk has introduced an additional fee of US$1,000 per container for cargo on any vessels transiting the Strait of Hormuz. The fee was announced in the company’s Middle East Operational …
Iran’s foreign ministry condemned on Saturday a Ukrainian attack on an Iranian commercial vessel in the Caspian Sea, saying it resulted in an explosion that killed one sailor and injured …
EU countries reached a political agreement on the 21st package of sanctions against Russia, including a 12‑month freeze of the oil price cap at $44 a barrel and a one‑year …
We bring the latest news about the shipping industry
We bring the latest news about the shipping industry
IC Shipbrokers herewith welcomes you to today’s freight market report. We are giving you an insight in today’s freight market and an update with the latest freight market indications. The …
China’s transportation economy remained generally stable in the first half of the year, with major indicators continuing to grow, according to the Ministry of Transport. Total port cargo throughput rose …
Insurers will not cover any transit fee, toll or other payments made in connection with vessels passing through the Strait of Hormuz. A new clause and guidance have been developed …
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