Iron ore posts weekly loss as seasonally weak demand weighs
Iron ore futures prices fell for a fourth straight session on Friday and were set for a weekly loss, pressured…
China’s coal imports from Australia rise to highest level since April 2020
China’s coal imports from Australia rose to their highest in more than four years in November, customs data showed on…
Baltic Index Snaps 3-Session Losing Streak On Larger Vessel Gains
The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, snapped its three-session…
Dry Bulk Market: China’s Iron Ore Imports
China is now responsible for 74.4% of global iron ore imports. As such, any shift in demand is having an…
Australia Plans Investment of Up to US$100 Billion in Naval Shipbuilding
The Australian government reports it is reaffirming its commitment to continuous naval shipbuilding and taking steps to enhance the long-term…
Biden Administration Approves Eleventh U.S. Offshore Wind Project
Racing to put the offshore wind industry on a sound footing before the close of the Biden administration, the Department…
Second State Training Ship Patriot State Set for First Cadet Voyage
Massachusetts Maritime Academy announced the inaugural schedule for the second of the Maritime Administration’s new training ships which are being…
World Shipping Council Enters 2025 with New Team Led by MSC’s Toft
As liner shipping continues to face a growing list of challenges, the industry’s leading lobbyist group, the World Shipping Council,…
Performance of Global Shipping Segments to Diverge in 2025
Performance in tankers and dry bulk is likely to remain sound in 2025, with tankers making above-average profits, supported by…
OceanPal Inc. Reports Financial Results for the Third Quarter and Nine Months Ended September 30, 2024
OceanPal Inc., a global shipping company specializing in the ownership of vessels, today reported vessel revenues of $7.5 million, a…