Finance News

 

Centerline Logistics Acquires Saltchuk Marine Services’ California Ship Refueling Ops

Dec 28, 2020

Centerline Logistics acquired Saltchuk Marine Services’ California ship refueling business, currently operated by subsidiary Foss Maritime Company. According to a press release from Centerline, this 'major acquisition' brings together the combined…

Investor EnTrust Global Turns Sights to Green Shipping Assets

Dec 17, 2020

U.S. investment company EnTrust Global, already a player in shipping finance, aims to buy ships that generate lower emissions, an executive said, the latest sign of efforts in the shipping industry to go green.Global shipping accounts for nearly 3% of the world’s CO2 emissions…

Ship Finance Lenders Fall Short of Sector's Carbon Targets

Dec 15, 2020

Many of the world’s biggest lenders to shipping companies fell short of carbon-cutting targets last year in the first analysis of CO2 goals for the sector by financiers, a report showed on Wednesday.Global shipping accounts for nearly 3% of…

Baltic Exchange Launches New Service for Ship Investors

Dec 15, 2020

Publisher of maritime market benchmarks, the Baltic Exchange, has launched a new service for shipping investors which provides a snapshot five-year view of the financial prospects of dry bulk carriers.The Baltic Exchange Investor Indices are…

Shanghai Commodity Exchanges Extend Waiver on Delivery Fees

Dec 11, 2020

China's Shanghai Futures Exchange (ShFE) said on Friday it would extend a waiver on delivery fees for all commodities traded on the exchange and the subsidiary Shanghai International Energy Exchange (INE) by one year, to Jan. 10, 2022.The ShFE and INE had in March waived the fees until Jan…

Baltic Exchange Launches Service for Ship Investors

Dec 10, 2020

The Baltic Exchange launched a new service for shipping investors, designed to provide a five-year snapshot view of the financial prospects of dry bulk carriers.The Baltic Exchange Investor Indices are designed to be an easy-to-use online dashboard…

Baltic Index Dips as Capesizes Slide to Near 6-month Low

Dec 08, 2020

The Baltic Exchange's main sea freight index fell on Tuesday, as concerns over trade frictions between Australia and China on coal shipments sent capesize rates to a near six-month low.The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels…

SEACOR to Go Private in $1 Billion Deal

Dec 07, 2020

Florida-based transportation and logistics firm SEACOR Holdings Inc announced Monday it has entered into a deal with private equity firm American Industrial Partners (AIP) to take the company private in an all-cash transaction valuing it at about $1 billion…

CMA CGM Sees Strong Final Quarter on Shipping Recovery

Nov 20, 2020

Container shipping group CMA CGM said on Friday shipping activity remained strong in the final quarter of 2020 after a rebound from initial coronavirus-related disruption boosted the French company's third-quarter profits.CMA CGM, the world's fourth-largest container shipping line…

Suez Canal October Revenue Rises Month-on-month

Nov 19, 2020

Egypt’s Suez Canal revenue rose to $490.2 million in October from $470.7 million in September, the cabinet said on Thursday.The canal is the fastest shipping route between Europe and Asia and one of the Egyptian government’s main sources of foreign currency…

Maersk Raises Full-year Earnings Guidance

Nov 17, 2020

Shipping group Maersk has raised its full-year earnings forecast, it said on Tuesday, citing increased momentum in fourth-quarter in global container volumes and freight rates.The company now expects earnings before interest, tax, depreciation…

Hapag-Lloyd Expects Higher Earnings for 2020

Nov 13, 2020

German container liner Hapag-Lloyd AG is confident of achieving higher earnings in 2020 as lower fuel prices cut shipping costs, demand in Asia recovers and fleet capacity is tight, chief executive Rolf Habben Jansen said on Friday.'Oil prices have fallen sharply in the coronavirus crisis…

BIMCO: "Soya bean bonanza," U.S. Exports Strongest in History

Oct 27, 2020

Following years of disruption to US soya bean exports due to the US-China trade war, the first seven weeks of the 2020/2021 marketing year, which runs from 1 September to 31 August, have seen the strongest exports ever. By October 15, 11.4 million tons of soya beans had been exported by the US…

Greece Gets Five Initial Bids for Kavala Port Terminal

Oct 23, 2020

Greece has received five non-binding bids to operate part of a port in northern city of Kavala, the country's privatization agency (HRADF) said on Friday.HRADF received expressions of interest for a sub-concession to operate a multipurpose terminal of Philippos II port…

Martijn van den Berg joins Zuyderzee Capital

Oct 08, 2020

Zuyderzee Capital, the specialized investment and advisory services company focused on maritime and logistics, announced a new strategic initiative intended to broaden the overall consulting service offering to its client base: Operational & Administrative Advisory…

Logistics News

Cargotec Appoints Lindholm as President and CEO

Cargotec Appoints Lindholm as President and CEO

Italian Union Files Legal Complaint Against Snam's LNG Terminal

Italian Union Files Legal Complaint Against Snam's LNG Terminal

EVENT: Reuters U.S. Offshore Wind Returns to Boston

EVENT: Reuters U.S. Offshore Wind Returns to Boston

Wisconsin Awards $5.3 Million in Harbor Maintenance Grants

Wisconsin Awards $5.3 Million in Harbor Maintenance Grants

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