Tag: Shipping

China on Friday announced that starting Oct. 14, the country will start charging U.S. ships for docking at Chinese ports — a direct response to Washington for imposing fees on Chinese vessels arriving at U.S. ports, set to take effect the same day.

The biggest vessel-ordering program since the eve of the global financial crisis is putting a squeeze on the shipbuilding industry’s capacity to construct new vessels.

Okeanis Eco Tankers Corp. today reported its unaudited condensed financial results for thethird quarter and nine-month period of 2024, which are attached to this press release.

The negative impact on maritime shipping and global supply chains from attacks in the Red Sea continues to intensify as traffic is rerouted away from the Suez Canal, Danish shipping company A.P. Moller-Maersk said on Thursday.

Maersk suspended vessel transits of the Red Sea and Gulf of Aden in January after attacks on its vessels by Houthi rebels.

Danish shipping giant Maersk on Thursday flagged “high uncertainty” in its 2024 earnings outlook as Red Sea disruptions continue to weigh on the industry.

With 158 vessels carrying approximately $105 billion in ocean freight being diverted away from the Red Sea amid the risk of continuing Houthis’ attacks, cargo prices are soaring.

In the face of a colossal and growing source of emissions, the U.N. shipping agency is looking to slash pollution from the world’s ocean-going vessels by adopting new climate targets.

Star Bulk Carriers (SBLK) came out with quarterly earnings of $0.36 per share, beating the Zacks Consensus Estimate of $0.28 per share.