The Baltic Exchange’s Capesize 5TC index of key routes surged 12.7% on Friday to near $22,200 per day. The rise marked a 28.5% surge since rates reached the bottom of the market crater on Monday, when ...

Red Box has engaged legal advisors to launch an appeal of the decision. US-born Adkins said that he was personally surprised by the move, even after the Financial Times recently reported on calls to ...

Only a week ago Antonio Carlos Balestra di Mottola was revealed as the new chief executive of d’Amico International Shipping. Having taken the chair from his stepfather, Paolo d’Amico, Ian Lewis ...

A VLCC linked to Fractal Shipping has reportedly been sold. Brokers in Greece and Norway said this week that the 311,000-dwt Phoebe (built 2005) was sold to Chinese interests for $40m.

Speaking on the company’s first-quarter results call, Cheniere executive vice president and chief commercial officer Anatol Feygin said that there are some 200m tonnes of annual LNG production ...

The financial implications for P&I Clubs of the 9,962-teu Dali (built 2015) hitting the Francis Scott Key Bridge on 26 March are heavily dependent on the success of a legal claim by the ship’s owner ...

Hoegh LNG’s floating storage and regasification unit, which has served Lithuania for 10 years, has left for its first dry-docking before transitioning to ownership under domestic energy company KN ...

The joint-venture Caspian Pipeline Consortium (CPC) expects to complete work in July 2025 to allow three tankers of up to VLCC size to be loaded simultaneously at its single-point moorings (SOMs), the ...

The Saevik family-owned Havila Holding has sold its 50% stake in the cruise and ferry company The Fjords. Norway’s Best Group (NBG) bought the stake from subsidiary Havila AS, increasing NBG’s ...

But chief executive Dan Sten Olsson said: “Excluding the profit from a ship sale, Stena AB still delivered by and large the same profit in 2023 as in 2022.” The 131 ships brought in revenue of SEK ...

But as Cekanavicius points out, chemical tanker freight rates have flattened so far this year, with the Rotterdam to Houston route stuck at $62 per metric tonne on a 5,000-dwt easychem vessel and from ...

For its renewables segment, which owns and develops wind farms, power prices in Norway, the UK and Sweden fell to multi-year lows matching a 7% dip in electricity generation. Bonheur did not discuss ...