Wednesday, June 16, 2021
Shipyard of Hyundai Heavy Industries
Finance

Hyundai Heavy IPO Is Coming In Hot

South Korean shipyards and shipowners will raise billions of dollars via new stock market listings later this year. The yards hope to capitalize on the start of a shipping “super-cycle”...

1 hour ago
Total Views: 323

Saturday, June 12, 2021
tanker aerial
Finance

Exxon Traders Quit While BP And Shell Colleagues Make Billions

By Devika Krishna Kumar and Julia Payne (Reuters) – Exxon Mobil Corp has lost two veteran crude oil traders from its U.S. energy trading group and a third is leaving...

June 12, 2021
Total Views: 6668

Monday, May 17, 2021
Finance

EU Directive Will Turbocharge Maritime Venture Capital While US Falls Far Behind

The European Union and the European Investment Bank Group, today said they will increase their cooperation and investment in the maritime “blue” economy. The institutions will work jointly with European...

May 17, 2021
Total Views: 2300

Wednesday, May 5, 2021
Mumbai Maersk at the Port of Tanjin Pelepas
Finance

Maersk Says Mega Ships Will Carry Mega Profits Into 2022

By Jacob Gronholt-Pedersen (Reuters) Denmark’s Maersk (AMKBY) said on Wednesday it expected its “exceptionally strong” performance in the first quarter to continue for the rest of the year, driven by...

May 5, 2021
Total Views: 7040

Monday, April 26, 2021
bulk-ship-loading-grain
Finance

Agriculture Prices Soar Alongside Bulkship Rates

The Baltic Dry Index and bulk ship rates are soaring along with related ETFs. One reason might be a surge in global wheat, corn, and soybean prices alongside new export...

April 26, 2021
Total Views: 2432

Thursday, April 1, 2021
Russian FPSO MARSHAL VASILEVSKIY Transiting the Suez Canal
Accidents

Marine Reinsurance Firms Expect Giant Suez Blockage Claims

by Carolyn Cohn (Reuters) – The recent blockage of the Suez Canal is likely to lead to large reinsurance claims, adding to upward pressure on marine reinsurance rates, James Vickers,...

April 1, 2021
Total Views: 3063

Monday, March 29, 2021
Finance

Tanker Gang: Day Traders Cash In On Suez Blockage

By Stephen Stapczynski (Bloomberg) As soon as retail investor Calvin Froedge heard that a massive container vessel was stuck in the Suez Canal, he pulled his car over to the...

March 29, 2021
Total Views: 13056

Friday, March 26, 2021
Satellite image of Ever Given Aground
Accidents

UPDATED: Suez Canal Steps Up Efforts Refloat Grounded Ever Given

By Nadine Awadalla, Jessica Jaganathan, Roslan Khasawneh and Julia Payne Dredging and tugging salvage efforts aimed at freeing a mega vessel stuck in the Suez Canal failed on Friday to...

March 26, 2021
Total Views: 28272

Thursday, March 25, 2021
Suez-Canal Southern Entrance
Finance

The $9.6 Billion A Day Price Of A Suez Stuck Ship

By Aaron Clark (Bloomberg) –A back-of-the-envelope calculation shows there’s about $9.6 billion worth of daily marine traffic halted by the massive container vessel that lodged in the Suez Canal earlier...

March 25, 2021
Total Views: 21701

Wednesday, March 17, 2021
Environment

Japanese Banks Sign The Poseidon Principles

By Jonathan Saul (Reuters) – Leading Japanese lenders have joined an initiative that links the provision of shipping finance to cuts in carbon dioxide emissions as the sector accelerates efforts...

March 17, 2021
Total Views: 1413

Monday, March 1, 2021
Ocean Princess Tanker
Finance

VLCC Fire Sale – Singapore Tanker Tycoon O.K. Lim Liquidates One-Third His Fleet To Repay Billions Of Debt

By Jessica Jaganathan (Reuters) – About one-third of the roughly 150 ships owned by companies controlled by Singapore tycoon Lim Oon Kuin and his family have been sold as part...

March 1, 2021
Total Views: 4297

Friday, October 16, 2020
baltic dry index
Finance

Baltic Index Falls Due To Weak Capesize Demand

The Baltic Index (BDIY), which provides a benchmark for the price of moving the major raw materials by sea, fell for a seventh straight session yesterday and is down almost five...

October 16, 2020
Total Views: 42

Wednesday, August 19, 2020
destiney-cruise-ships
Cruise Ships

Hong Kong Cruise Ship Owner Suspends Payments to Creditors

by Denise Wee (Bloomberg) Genting Hong Kong Ltd., a cruise ship operator, will temporarily suspend all payments to its creditors, which will likely result in events of defaults, it said...

August 19, 2020
Total Views: 194

Soeren Skou, CEO Maersk
Finance

Maersk Forecasts A Return To Pre-COVID Container Demand In 2021

by Jacob Gronholt-Pedersen (Reuters) – Shipping group Maersk on Wednesday issued full-year earnings guidance above its forecast at the beginning of the year and said it expects demand for moving...

August 19, 2020
Total Views: 28

Monday, August 17, 2020
Ocean Princess Tanker
Finance

Ocean Tankers Seeks To Reclaim $19 Million From Lim Family

by Jessica Jaganathan (Reuters) – The court-appointed manager of Singapore Ocean Tankers is seeking to reclaim about $19 million from the Lim family directors of the firm, who allegedly transferred the...

August 17, 2020
Total Views: 38

Friday, May 15, 2020
Deepwater Champion Drillship
Finance

Transocean Is The Decade’s Biggest Loser

With COVID19 wreaking havoc in the stock market, you might think that travel or tourism stock might be the biggest losers of the past decade. But, according to a new...

May 15, 2020
Total Views: 1025

Sunday, October 13, 2019
bluetech-summit-sea-ahead-nyc
Finance

DeSiloing The Maritime Industry – Notes From The Global Bluetech Summit

Last week SeaAhead’s Global Bluetech Summit in New York City brought together high-level stakeholders from around the world to discuss and support innovation at sea. The summit was unique because it...

October 13, 2019
Total Views: 21

Friday, August 2, 2019
cape sampagita
Finance

Japan’s K-Line Convicted Of Cartel Conduct By Australian Court

by Niyati Shetty (Reuters) Japanese shipping firm Kawasaki Kisen Kaisha Ltd (K-Line) was convicted of criminal cartel conduct and ordered to pay a A$34.5 million ($23.50 million) fine by a...

August 2, 2019
Total Views: 19

Thursday, May 16, 2019
Blog

Maritime Startups Accelerate With New Support And Funding

PSA unboXed, the Singapore-based venture capital arm of PSA International, and Israeli-based theDOCK Innovation Hub have entered into an agreement to jumpstart innovative technologies that will benefit the port, maritime...

May 16, 2019
Total Views: 31

Thursday, February 21, 2019
Finance

Maersk Shares Sink As Trade War Looms

by Jacob Gronholt-Pedersen (Reuters) – The world’s largest container shipping company, A.P. Moller-Maersk, warned trade headwinds would slow growth this year, sending its shares down 10 percent on Thursday. Maersk...

February 21, 2019
Total Views: 15