Sep 26, 2024 · CLdN confirmed the placement of an order for 10 newbuild load-on / load-off (LoLo) container vessels with delivery as from January 2027. The large order is a decisive step by CLdN in branching out into the LoLo segment with its own Container Carrier fleet. The newbuild ships will have a cargo capacity of 1,100 TEU […]

Nov 11, 2024 · The Board of Directors of the CMA CGM Group met under the chairmanship of Rodolphe Saadé, Chairman and Chief Executive Officer, to review the financial statements for the third quarter of 2024. Commenting on the results for the period, Rodolphe Saadé, Chairman and Chief Executive Officer of the CMA CGM Group, said: “In a context of […]

Oct 24, 2024 · COSCO SHIPPING Ports Limited announces its acquisition in 12.5% and 30% of the equity stakes in Thai Laemchabang Terminal Co., Ltd. (‘TLT’) and Hutchison Laemchabang Terminal Limited (‘HLT’), respectively. During the project signing ceremony held in Vietnam on 23 October 2024, under the witness of Mr. ZHU Tao, the Chairman of the Board of COSCO […]

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 […]

Oct 8, 2024 · Pangaea Logistics Solutions, a global provider of comprehensive maritime logistics solutions, today announced a definitive agreement to purchase the remaining 50% equity ownership of its consolidated subsidiary, Nordic Bulk Partners LLC, from HS Nordic LLC, for $17.2 million in cash. Nordic Bulk Partners LLC was established in 2019 as a joint venture to construct four Ice Class […]

Oct 17, 2024 · German family-owned shipping company, Reederei Bernd Sibum, has placed an order with Damen Shipyards Group for the construction of four Combi Freighters (CF) 3850. These vessels, scheduled for delivery in early 2026, are hybrid ready, designed to enhance the sustainability, efficiency, and lifespan of Reederei Bernd Sibum’s fleet. As a first-time customer of Damen, Reederei […]

Dec 31, 2024 · Yinson Production announced the extension of the charter contract for FPSO PTSC Lam Son. In continuation of the existing bareboat charter, the contract has been extended for a firm period of 18 months starting from 1 January 2025 to 30 June 2026, with an automatic extension for an additional six months until 31 December 2026, subject to certain conditions.

Oct 22, 2024 · ORIX Corporation and Sumitomo Heavy Industries Marine&Engineering announced that the two companies have begun a feasibility study of utilizing wind power for energy-saving operations on one of ORIX’s bulk carriers. The feasibility study will utilize a wing-shaped soft sail set on derrick post of its bulk carrier to obtain wind power as …

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Oct 31, 2024 · NORDEN generated a net profit of USD 25 million in the third quarter of 2024, impacted by weaker than expected markets in both dry cargo and tankers. NORDEN’s net profit for the first nine months of 2024 was USD 133 million.Margins in Freight Services & Trading continued to be negative, driven by weaker tanker rates, whilst earnings from the dry […]