CMA CGM delivers “solid performances” in third quarter
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 […]
CLdN places order for 10 newbuild container carriers
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 […]
Union Maritime to build world’s greenest and most efficient long …
Mar 13, 2024 · Union Maritime Ltd, a leading tanker owner and operator, is making waves in maritime sustainability with its plan to build two new LR2 tankers with WindWings®. The two vessels, currently being built at the renowned Shanghai Waigaoqiao Shipbuilding (SWS) yard in China, will each feature three WindWings®, a cutting-edge …
MSC clears final hurdle for entry into Hamburg port operator
Nov 18, 2024 · The world’s largest container shipping company MSC has cleared the way for its entry into the Hamburg port operator HHLA. According to a mandatory publication on the MSC website on Friday, the Ukrainian competition authorities have now also given the green light. This means that all of the closing conditions described in the offer documents […]
Iron ore slips as supply worries ease, demand slows
6 days ago · Iron ore futures prices slipped on Wednesday, as supply concerns eased and demand slowed marginally due to maintenance of more furnaces by steelmakers in top consumer China. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) ended daytime trade 2.63% lower at 778.5 yuan ($106.86) a metric ton, the lowest level since […]
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Golden Ocean reports strong Q3 2024 results - Shipping Herald
Nov 27, 2024 · Golden Ocean Group Limited, the world’s largest listed owner of large size dry bulk vessels, today announced its unaudited results for the quarter ended September 30, 2024. Highlights Net income of $56.3 million and earnings per share of $0.28 (basic) for the third quarter of 2024, compared to net income of $62.5 million and earnings […]
NORDEN reports net profit of USD 25 million in Q3 2024
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 […]
China plans first bio-marine fuel export quotas for 2025
Nov 18, 2024 · China is planning its first export quota for marine bunker that is blended with biodiesel, partly to support biofuel producers hit earlier this year by European Union anti-dumping tariffs, according to two traders and a Chinese consultancy. The government is considering the issue of 500,000 metric tons of such quotas and all will likely go […]
ZIM posts strong quarter, declares $100m special dividend
Nov 21, 2024 · ZIM Integrated Shipping Services, a global container liner shipping company, announced its consolidated results for the three and nine months ended September 30, 2024. Third Quarter 2024 Highlights Eli Glickman, ZIM President & CEO, stated, “ZIM delivered strong third quarter results, as we again achieved record carried volumes contributing to our outstanding financial performance. We […]