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WEB3 days ago · 50% increased dividend from amount paid for 2023 operations Dynamic growth and renewal - 21 vessels contracted/acquired within 2024 Minimum contracted revenues of $2.0 billion TST inaugurates...
South Korean shipbuilders fulfill discounted orders to lift earnings
WEBMar 11, 2024 · The three largest shipbuilders in South Korea have reported annual earnings that improved from a year earlier, thanks to the reduction of nonprofitable orders dating back to a leaner period. Domestic leader HD Korea Shipbuilding & Offshore Engineering notched its first operating profit in three years in 2023, …
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WEBSep 13, 2024 · Baltic index falls as capesize rates decline. The Baltic Exchange’s main sea freight index tracking rates for ships carrying dry bulk commodities fell on Thursday, weighed down by losses in the... Read more. Cruise Lines International Association statement regarding tourism management measures in Greece. The cruise sector is a success story ...
Dynacom linked to LR1 newbuilding orders in China
WEBJanuary 16, 2024. 0. 7037. George Procopiou-led Dynacom has reportedly placed an order to build six 75,000-dwt LR1 tanker vessels at New Times Shipbuilding. Moreover, it is reported that Dynacom has ordered two LR1 newbuildings at Yangzijiang Shipbuilding. The vessels are slated for delivery in 2026 and 2027, with the cost at USD 53 million each.
Port of Los Angeles Completes Everport Container Terminal …
WEBApr 5, 2022 · 439. The Port of Los Angeles has completed construction of the $65 million Everport Terminal Improvement Project located at Berths 226-236 along the Los Angeles Main Channel. The project allows Everport to improve the container-handling efficiency and capacity of its existing terminal to accommodate the projected fleet mix of larger container ...
Maersk exploring option for using hydrogen as fuel, in talks for …
WEBNov 26, 2021 · A.P. Moller-Maersk, the world’s largest shipping company, is looking into the potential use of hydrogen as fuel for some vessels and is also in talks with some green methanol producers to secure supplies as it seeks to decarbonize its fleet, a company official said Nov. 24. Although green methanol is …
Samsung Heavy Industries Completes 1,500km Autonomous Voyage
WEBJul 7, 2023 · The vessel sailed about 1,500 kilometers from Geoje, South Kyungsang Province, to Jeju Island and Kaohsiung Port in Taiwan between June 26 and July 1. Cutting-edge autonomous navigation technology, including automatic identification system (AIS), radar, camera sensors, and sensor fusion, was employed during the verification test.
China’s weak steel, strong iron ore imports shaped by prices
WEB3 days ago · With the evident weakness in steel, it’s perhaps surprising that imports of iron ore have held up so far in 2024. China, which buys about 75% of global seaborne volumes, saw imports of 101.39 million tons in August, down 1.4% from July’s 102.81 million tons. STEADY IMPORTS. Monthly iron ore imports have held above 100 million tons for six ...
SEACOR Sells Inland Barge Business to Ingram - Shipping Herald
WEBOctober 26, 2023. SEACOR announced it has signed a definitive agreement to sell Inland River Transport Holdings LLC (“SCF”) to Ingram, a division of Nashville-based Ingram Marine Group. “I am extremely pleased to enter this transaction with Ingram, one of the most respected river transportation providers,” said Eric Fabrikant, Chief ...
Japan shipbuilding pins comeback hopes on zero-emissions vessels
WEBSep 27, 2021 · 718. With decarbonization emerging as a priority in the traditionally emissions-heavy shipping industry, Japan’s Imabari Shipbuilding aims to launch a cargo vessel that runs entirely on ammonia by 2026. No ammonia-powered ships have been built to date, but the fuel is considered a key green energy source for the future.
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