• Performance Shipping Inc. Announces a US$45,000...

    Performance Shipping Inc., a global shipping company specializing in the ownership of tanker vessels, announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Trafigura Maritime Logistics Pte Ltd (the “Charterer”) for the LR2 Aframax oil product tanker the M/T Alpine Amalia, to be renamed P. Aliki, the acquisition of which was previously announced. The gross charter rate will be US$45,000 per day for a period of minimum seven (7) months to a maximum of ten (10) months at the option of the Charterer and will commence following the vessel’s delivery to the Company expected in November.

  • NOAA, NFWF award $2.6 million for largest U.S....

    The National Fish and Wildlife Foundation (NFWF), Marc and Lynne Benioff and the NOAA have announced nearly $2.6 million in grants to support management and conservation of Papahānaumokuākea Marine National Monument, part of the Hawaiian Islands chain. 


  • LNG Carriers Continue to Lead Newbuilds with...

    Newbuilding orders for LNG carriers, which had already been leading the industry in 2022, recorded another significant jump with an additional $2.6 billion in contracts reported by two of South Korea’s large shipbuilders. Orders in the sector are growing rapidly both as Qatar prepares for its massive expansion of production as well other emerging nations seek to fulfill the growing import demand for LNG from Europe, Japan, and China.


  • Zim Inks $1 Billion LNG Bunkering Deal with Shell

    ZIM Integrated Shipping Services Ltd. on Wednesday announced it has signed a liquefied natural gas (LNG) bunkering deal valued at more than $1 billion with Shell NA LNG, LLC as the Israeli container shipping seeks to reduce emissions from its operations.

  • Braemar Shipping Services PLC: Strong trading...

    Braemar Shipping Services Plc (LSE: BMS), a leading international shipbroker and provider of expert advice in shipping investment, chartering and risk management services, is pleased to provide a trading update for the financial year ending 28 February 2023.

  • PortMiami receives $16M grant to achieve carbon...

    The U.S. Department of Transportation announced that PortMiami is the beneficiary of a $16 Million Rebuilding American Infrastructure with Sustainability and Equity (RAISE) grant for its NetZero: Cargo Mobility Optimization and Resiliency Project.



Carnival Corp Raises $2B Increasing Offering on Strong Demand

Carnival Corporation reported that stronger than anticipated investor demand permitted the company to increase the size of its latest refinancing offering by nearly two-thirds while also pricing the offering with a lower than projected coupon interest rate. All of this comes as the world’s largest cruise corporation works to continue to build its momentum in the return to service after the pandemic despite the recent headwinds from the economy.


Grindrod Shipping Holdings Ltd. Announces Agreement With Taylor Maritime Investments Limited

Grindrod Shipping Holdings Ltd. , a global provider of maritime transportation services predominantly in the drybulk sector, today announced that we have entered into a transaction implementation agreement (the “Implementation Agreement”), dated October 11, 2022, among the Company, Taylor Maritime Investments Limited (“TMI”) and Good Falkirk (MI) Limited, a wholly-owned subsidiary of TMI (the “Offeror”), providing for a voluntary conditional cash offer (the “Offer”) to be made by the Offeror for all of the issued ordinary shares (the “Shares”) in the capital of the Company (other than Shares held by the Offeror and Shares held in treasury) (the “Offer Shares”).


As Europe Hunts for Gas, Atlantic LNG Carrier Rates Hit New Record

As European nations push to secure natural gas supplies ahead of the winter heating season, Atlantic basin day rates for LNG carriers have soared to record levels. Shipowners lucky enough to be in the LNG sector can hope for spot rates pushing the $400,000 mark, a price bracket usually reserved for the ultradeepwater drillship sector on its best days.  


MARAD Awards Nearly $39 Million in Marine Highway Grants


The U.S. Department of Transportation’s Maritime Administration (MARAD) awarded nearly $39 million in grants to 12 marine highway projects across the Nation under the America’s Marine Highway Program (AMHP). The funding will help expand marine highway services on the United States’ navigable waterways to reduce congestion, alleviate supply chain bottlenecks, and move goods more quickly from ships to shelves.


India’s Adani in talks with investors to raise $10 billion

Indian billionaire Gautam Adani and his family are in early discussions with investors, including Singapore investment firms Temasek and GIC, to raise at least $10 billion to fund its expansion into clean energy, ports and cement businesses, Mint newspaper reported on Monday.