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WEB3 days ago — Globus Maritime, a dry bulk shipping company, today reported its unaudited consolidated financial results for the second quarter and six-month period ended June 30,...
Star Bulk, Eagle Bulk to Merge, Creating Largest US-Listed Dry Bulk ...
WEBDec 12, 2023 — Star Bulk Carriers Corp. and Eagle Bulk Shipping Inc. have announced their agreement to merge in an all-stock deal, creating the largest U.S. listed dry bulk shipping company with a fleet of 169 ships. The merger will be on a Net Asset Value to Net Asset Value basis, resulting in a pro forma market capitalization […]
Shipping News Archives - Shipping Herald
WEB4 days ago — Heraklion to host 8th Posidonia Sea Tourism Forum in May 2025, marking a first for Greece’s largest island. Leading cruise industry event to address over-tourism and explore new mediterranean destinations, with global industry leaders set to convene in …
Baltic index extends gain on strong capesize rates
WEBDec 13, 2023 — The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, added 42 points, or 1.7%, at 2,551. The capesize index was up 194 points, or 4.4%, to 4,592. Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes such as iron ore and coal, added $1,607 to …
China overtakes Korea in global shipbuilding competitiveness
WEBMay 15, 2024 — According to the report, China’s overall competitiveness stood at 90.6 in 2023, 1.7 points ahead of Korea’s 88.9, amid the world’s growing shipbuilding dependence on China and China’s, Japan’s, and Korea’s growing shares of the world’s shipbuilding market. Korea had an advantage over China in research and development (R&D), design ...
Seaways and Diamond S complete merger - Shipping Herald
WEBJul 20, 2021 — International Seaways, one of the largest tanker companies worldwide providing energy transportation services for crude oil and petroleum products, announced the completion of its previously announced merger with Diamond S Shipping. The combined company will continue to operate as International Seaways and trade on the New York Stock Exchange under the symbol INSW. The Company […]
Top 10 container shipping lines on track for $115-120 billion 2021 ...
WEBDec 3, 2021 — The 10 leading publicly listed container shipping lines are on track to earn a record $115 billion to $120 billion in profit in 2021, a windfall that could transform the structure of the industry as those earnings are reinvested, shipping intelligence provider Alphaliner said Dec. 1. “The 10 lines have already generated nearly $80 billion […]
Japan shipbuilding pins comeback hopes on zero-emissions vessels
WEBSep 27, 2021 — 782. With decarbonization emerging as a priority in the traditionally emissions-heavy shipping industry, Japan’s Imabari Shipbuilding aims to launch a cargo vessel that runs entirely on ammonia by 2026. No ammonia-powered ships have been built to date, but the fuel is considered a key green energy source for the future.
Port of Los Angeles Completes Everport Container Terminal …
WEBApr 5, 2022 — 464. The Port of Los Angeles has completed construction of the $65 million Everport Terminal Improvement Project located at Berths 226-236 along the Los Angeles Main Channel. The project allows Everport to improve the container-handling efficiency and capacity of its existing terminal to accommodate the projected fleet mix of larger container ...
Baltic index sinks on low cargo demand, risks persist in Red Sea
WEBDec 20, 2023 — 1321. The Baltic Exchange’s dry bulk sea freight index dropped on Tuesday for the fifth straight session, tracking lower rates for capesize vessels, even as shipping analysts expected some tailwinds if maritime trade disruption lingers in the Red Sea. The overall index was down 69 points, or 3%, at 2,219, its lowest since Nov. 24.
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