Shipping Herald

The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, rose on Thursday, due to higher rates across all vessel segments. The main index, …

Iron ore futures gained for a third straight session on Thursday, hitting multi-month highs, as hopes of a new wave of reforms to rein in steel supply and more stimulus …

Toro, a global provider of energy transportation services, has entered into an agreement to sell its 2015-built 5,000 cbm LPG carrier vessel, Dream Syrax, for $18 million to a wholly …

Ørsted has reached financial close on a project finance package with 25 banks and 5 Export Credit Agencies (ECAs) to raise approximately TWD 90 billion (about DKK 20 billion) for …

The Panama Canal Authority (ACP) provided the third quarterly market update, by highlighting key achievements and forward-looking strategies in a call hosted by Managing Director of Emerging Markets Corporate Research …

The Abu Dhabi-based Al Seer Marine, the ADX-listed subsidiary of IHC, has secured AED 760 million ($207m) financing facility from the Abu Dhabi Commercial Bank PJSC (ADCB). Al Seer Marine …

Turkey’s state oil company TPAO has purchased two more drilling ships fom Noraway’s Eldorado Drilling to be used in deep-sea natural gas exploration, according to HaberDenizde.com, a Turkish website specializing …

The Elbe approach to the Waltershofer Hafen is to be enhanced and additional terminal yards are created. Navigation towards the Container Terminals Buchardkai (CTB) and Container Terminal Hamburg (CTH) will …

The International Maritime Organization (IMO) is taking action to ensure that ships worldwide are safely managed and operated, with a renewed focus on seafarer issues such as work and rest …

The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, slipped on Wednesday, pressured by lower rates for capesize vessels. The main index, which …

Iron ore futures prices rose for a second straight session on Wednesday, aided by falling shipments and resilient demand, although mixed factory data in top consumer China curbed the gains. …

Trafigura Group, a market leader in the global commodities industry, has announced a strategic alliance with maritime technology company ZeroNorth. Trafigura is set to roll out ZeroNorth’s platform across its …

Navios Maritime Partners linked to boxship order Navios Maritime Partners has reportedly placed an order for four modern boxships at HJ Shipbuilding & Construction. More specifically, the shipping firm is …

HD Korea Shipbuilding & Offshore Engineering (HD KSOE) has signed a contract with an Oceania shipping company to build four container ships. The order is worth a total of 834.8 …

K Shipbuilding Co., a mid-sized shipbuilder which was previously called STX Offshore & Shipbuilding, has been put up for sale. The selling side expects a valuation of 1 trillion won, …

Greek shipping companies calling at Russian ports are boosting their vessels’ defences after a series of mysterious blasts in recent months have damaged tankers linked to Moscow’s oil trade according …

“In recent days, two ships have now been attacked in the Red Sea. One has sunk and the other has suffered extensive damage. These vessels have been attacked with callous …

Enersense International signed a share purchase agreement to sell its subsidiary Enersense Offshore Oy, which constitutes the company’s Marine and Offshore Unit, to Davie. Davie is part of Inocea Group …

Ocean Network Express announces the establishment of a new ONE branch in Greece – Ocean Network Express (Europe) Limited, Greece Foreign Branch. Scheduled to commence operations in November 2025, this …

From 1 July 2025, Loïc Van Staey takes over from Wilfried Lemmens as the Managing Director of the Royal Belgian Shipowners’ Association (KBRV). “I am very honoured to be given …

MSC has reportedly struck a $1.2 billion shipbuilding deal in China. Specifically, the company has placed an order for up to six LNG dual-fuel megamax containerships from China Merchants Heavy …

With a strong presence and active contribution to the proceedings, Intercargo, under the chairmanship of Ioannis Xilas, participated in the 110th session of the Maritime Safety Committee (MSC 110) of …

Navios South American Logistics, one of the largest infrastructure and logistics companies in the Hidrovia region of South America, successfully priced a US$400 million senior secured bond due 14 July …

BHP has signed contracts with COSCO Shipping Bulk, a subsidiary of COSCO shipping Group for the charter of two ammonia dual-fuelled Newcastlemax bulk carriers. The new vessels to be built …

The Louis-Dreyfus family, shareholder of Louis Dreyfus Armateurs (LDA), and InfraVia Capital Partners, a leading independent private equity company in Europe, are pleased to announce the completion of a strategic …

NORDEN have sold two additional vessels, one Supramax bulk carrier and one MR tanker. The Supramax vessel is a recently declared purchase option which subsequently has been sold. The MR …

The Baltic Exchange’s main sea freight index fell for a fifth-straight session on Tuesday, to hit a near one-month low, as demand for capesize vessels slipped. The main index eased …

Iron ore futures declined on Tuesday, as disappointing factory data and persistent property sector woes in top consumer China dampened sentiment. Warnings of lower prices from Australian authorities and expectations …

After setting an all-time high for coal imports in 2024, China ap-pears to be entering a new phase of recalibration. Preliminary data for 2025 points to a significant deceleration in …

Celestyal has announced the successful completion of a major refinancing initiative, replacing its original vessel acquisition funding with a more efficient financing model. This milestone marks a significant step forward …

Carnival Corporation & plc announced that Carnival plc commenced a private offering of new senior unsecured notes in an aggregate principal amount of €1.0 billion, expected to mature in 2031, …

The Baltic Exchange’s main sea freight index slipped to an almost three-week low on Monday, pressured by softer capesize rates, though it still posted a gain for the month. The …

Dalian iron ore futures edged higher on Monday, logging their first monthly rise in four months amid firm near-term demand in top consumer China, although a protracted property crisis kept …

It is not just a trend, it is a strategy. Greek shipowners are following the spinoff policy for their listed shipping companies on the US stock markets. Approximately one in …

Mitsui O.S.K. Lines announced that on June 30, it completed the acquisition of all membership rights in LBC Tank Terminals Group Holding Netherlands Coöperatief U.A. MOL received approval from all …

Amon Maritime has secured NOK 253 million ($25.1 million) in funding from Norwegian state agency Enova to support the construction of two ammonia-powered bulk carriers, Amon Bulk 1, a 180,000 …

Shelf Drilling announced that it has secured a five-year extension for the High Island V jack-up rig. The extension is in direct continuation of the rig’s current contract with the …

Leading South Korean submarine cable manufacturer LS Marine Solution announced Monday that it has signed a construction agreement with Turkey’s Tersan Shipyard to build a next-generation high-voltage direct current cable-laying …

ClassNK has issued an approval in principle (AiP) for a LCO2/Methanol Carrier jointly developed by Mitsubishi Shipbuilding and Mitsui O.S.K.The certification confirms the feasibility of the vessel, which is being …

The World Shipping Council has released its annual Containers Lost at Sea report, showing that 576 containers were lost at sea in 2024. While this represents an increase from the …

An oil tanker carrying about 1 million barrels of crude oil suffered an explosion off Libya on June 27 but no injuries or pollution were reported, a spokesperson for the …

TOP Ships, an international owner and operator of modern, fuel-efficient “ECO” tanker vessels, announced that the application of Rubico, to list its common shares on the Nasdaq Capital Market has …

Shipping company Maersk said on Friday it had decided to resume vessel calls at Israel’s Haifa port. “With the prospect of current cease-fire agreement bringing de-escalation to the conflict, we …

HD Korea Shipbuilding & Offshore Engineering, the intermediate holding company for HD Hyundai Group’s shipbuilding business, announced that it had signed a contract with an Oceania shipping company to build …

DOF Group ASA announced two new contracts in Brazil. Skandi Logger, an AHTS with 250t bollard pull built in 2009, has been contracted for a 4-year engagement with Petrobras, following …

Petrobras has announced tender results awarding Fugro four significant multi-year contracts for the inspection and monitoring of critical subsea infrastructure in Brazil. This major win strengthens Fugro’s decades-long partnership with …

Imabari Shipbuilding, Japan’s largest shipbuilding company, is set to acquire additional shares in Japan Marine United (JMU), aiming to make it a subsidiary and secure management control. This strategic move, …

Seacon Shipping has reached an agreement with Fujian Mawei Shipbuilding to develop electric container vessels. According to media reports, Seacon has placed an order for one plus one 406-TEU electric …

ABS opened the doors on its latest training center, the Hellenic Ship Safety Center in Athens, harnessing the power of new immersive training techniques, game-based learning and virtual reality environments …

Shipping costs for the Gulf have fallen in the past two days after a ceasefire was reached between Israel and Iran, although rates could rebound if tensions increase, shipping and …