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4 days ago · DHT Holdings provides the following business update: “For the fourth quarter of 2024, the Company estimates time charter equivalent earnings for its fleet at $38,800...
InterManager urges shipping industry to share knowledge as it …
Jan 15, 2025 · InterManager, the international trade association for the ship management sector, is calling on shipping industry colleagues to contribute to a new campaign to highlight the issue of criminalisation of seafarers. InterManager is concerned at the increasingly harsh treatment of ships’ crew in some parts of the world and is actively taking part in industry discussions […]
Hapag-Lloyd orders 24 new container ships - Shipping Herald
Nov 7, 2024 · Hapag-Lloyd has signed two contracts with two Chinese shipyards for a total of 24 new container ships. Of these, 12 newbuildings – each with a capacity of 16,800 TEU – will be built by Yangzijiang Shipbuilding Group. These units will be used to expand the capacity of services that are already in place. An additional […]
USTR finds China’s shipbuilding dominance hurts US, is actionable
4 days ago · The U.S. Trade Representative’s office on Thursday said it has found China’s targeted dominance of the global shipbuilding, maritime and logistics sectors is “unreasonable” and is “actionable” under U.S. trade law. The findings of a USTR probe, first reported by Reuters on Tuesday, did not include a specific recommendation of penalties against Beijing, leaving next …
The global fleet is turning green - Shipping Herald
Jan 14, 2025 · The global fleet of ships powered by cleaner fuels has seen significant growth over the last years, as vessel operations contribute to greener intermodal corridors, supporting IMO’s carbon reduction goals. According to Intermodal, the current fleet of dual-fuel ships consists of 2,119 ships with a total capacity of 123 million GT, while LNG dominates the […]
Navigator Holdings completes expansion of ethylene export …
Jan 8, 2025 · Navigator Holdings, the owner and operator of the world’s largest fleet of handysize liquefied gas carriers, announces the completion of the expansion of its existing ethylene export terminal joint venture owned 50/50 by Navigator and Enterprise Products Partners L.P. at Morgan’s Point, Houston, previously announced on November 15, 2022, with additional information on March 9, […]
Oil shipping rates surge after US sanctions hit availability
Jan 15, 2025 · Supertanker freight rates jumped after the U.S. expanded sanctions on Russia’s oil industry, sending traders rushing to book vessels to ship supply from other countries to China and India, shipbrokers and traders said. Chinese and Indian refiners are seeking alternative fuel supplies as they adapt to severe new U.S. sanctions on Russian producers and tankers […]
Iron ore slips as supply worries ease, demand slows
Dec 19, 2024 · Iron ore futures prices slipped on Wednesday, as supply concerns eased and demand slowed marginally due to maintenance of more furnaces by steelmakers in top consumer China. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) ended daytime trade 2.63% lower at 778.5 yuan ($106.86) a metric ton, the lowest level since […]
Baltic index extends losses on weaker capesize, supramax rates
Dec 20, 2024 · The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, extended losses to a 17-month low on Thursday, dragged down by weaker rates across capesize and supramax vessel segments. The index, which factors in rates for capesize, panamax and supramax shipping vessels, fell 52 points to 976 points, […]
China’s biggest shipping line added to US military blacklist
Jan 7, 2025 · The US has blacklisted China’s largest shipping line and two shipbuilders over alleged links with the People’s Liberation Army, as Washington turns its attention to the country’s massive maritime sector. Cosco Shipping Holdings Co. was named in a Federal Register filing on Tuesday, qualifying it as a Chinese military company as determined by the Pentagon, […]