Shipping

Sailors' Society has launched an urgent crisis appeal following mounting concern over attacks on ships in the Red Sea.

Hapag-Lloyd and Maersk have signed an agreement for a new long-term operational collaboration called 'Gemini Cooperation', which will start in February 2025.

Svend Stenberg Mølholt has been appointed the new Chief Commercial Officer at Inchcape Shipping Services.

Diana Shipping Inc. has announced that it has entered into a time charter contract with Stone Shipping Ltd, for one of its ultramax dry bulk vessels.

The Baltic Exchange has reported a decline in charter rates across multiple dry bulk vessel classes with no sign of abating.

Eastern Pacific Shipping has announced its order of an additional four dual-fuelled ammonia newcastlemax dry bulk vessels.

Maersk has amended its OC1 service between Oceania and the Americas by transporting cargo across Panama by rail to combat canal restrictions.

Diana Shipping Inc. has announced that it has extended the time charter contract for the m/v Amphitrite, a post-panamax dry bulk vessel.

The Baltic Exchange has reported that there has been a slow start to the 2024 dry bulk market with limited fresh enquiry in the ultramax sector and a sedated start for the panamax sector.

Indian Navy commandos secured the capesize bulk carrier, Lila Norfolk, after the vessel was boarded by six armed pirates off the coast of Somalia on the 4 January 2024.

Castor Maritime Inc. has announced the sale of the M/V Magic Venus for US$17.5 million with an expected net gain of US$3.5 million.

The World Shipping Council, the International Chamber of Shipping and BIMCO have expressed their thanks to the 12 nations that have jointly condemned the attacks on ships in the Red Sea.

NYK Line has started to conduct full-scale trials for the long-term use of biofuels for its existing line of heavy dry bulk vessels in order to meet net-zero emission targets.

Wisdom Marine Group and Synergy Group have launched a strategic bulk carrier joint venture, Wisdom Synergy Ship Management.

Diana Shipping Inc. has announced the signing of a time charter contract with Cargill Ocean Transportation for the dry bulk carrier m/v DSI Pollux.