Diana Shipping has just pulled off what may be the sector’s sale-and-purchase transaction of the summer, but did it pay too much for the privilege? Sources in the dry bulk […]
South Korean liner giant HMM has logged a record profits on back of the enduring container freight rate rally. Net profit soared to over KRW 6trn ($4.64bn) in the first […]
Petros Panagiotidis-led Castor Maritime continued raking in profit in the second quarter, helped by rampant fleet growth last year. The Nasdaq-listed company said net profit soared to $27.8m from $6.5m […]
Taiwan’s Evergreen Marine Corp reported strong earnings for the first half of this year despite a weakening of spot freight rates for container ships. In a regulatory filing to the […]
New York-listed Pangaea Logistics Solutions used a 29% year-over-year rates increase to notch record results for the second quarter. The Rhode Island-based niche-market specialist rolled to a profit of $25m, […]
With a two-week trial phase complete, larger ships are ready to start moving grain from Ukrainian sea ports. The biggest ship yet, the 75,656 dwt Ocean Lion, left the port […]
The most recently released data as of August 7th shows that the daily coal burn rate at China’s six major coastal power plants has come in at 916,000 tons. This […]
August will be a new era of sorts for coal buyers in Europe, and the shipowners that serve them, when the European Union ban on Russian coal enters into force […]
Ukraine is reportedly seeking to extend the grain corridor to include a fourth port, Mykolaiv. It also looking to add steels to the product list allowed out. The Black Sea […]
Following last month’s UN-brokered agreement to create a Black Sea corridor for grain shipments from Ukraine, around 25 vessels have loaded and sailed away from the area. So far, this […]
