Global Ports Holding PLC, the world's largest cruise port operator, said on Wednesday it had received an approach about a potential cash offer from Swiss-based MSC Mediterranean Shipping Company.Shares of the London-listed company closed up 19% at 109 pence and marked their best day in two years after Global Ports confirmed a Bloomberg report that MSC was considering taking a controlling stake
The U.S. Senate on Thursday unanimously passed a bill to improve oversight of ocean shipping, a step supporters say will help ease export backlogs.The Ocean Shipping Reform Act, led by Senators John Thune and Amy Klobuchar, would strengthen the investigatory authority of the Federal Maritime Commission (FMC), the U.S.
While those in the Beltway continue to struggle to offer solutions to U.S. supply chain capacity issues, it seems apparent that policymakers have at least found their scapegoat for these issues in the form of the maritime industry. A specific talking point during the State of Union Address
U.S. Bureau of Safety and Environmental Enforcement (BSEE) inspectors and engineers last week carried out an offshore regulatory pre-production inspection of Murphy Oil’s King’s Quay floating production system (FPS) platform. The facility, a semi-submersible FPS, is now currently moored in Green Canyon Block 433 in the deepwater Gulf of Mexico, about 175 miles south of New Orleans.
The Lake Superior Research Institute (LSRI) at the University of Wisconsin-Superior has commissioned naval architecture firm Incat Crowther to design a new low-emission battery hybrid research vessel.The aluminum-hulled vessel will be built by Louisiana shipbuilder Midship Marine for expected delivery in spring 2024.
The Baltic Exchange's main sea freight index rose on Monday as higher rates for larger capesizes overshadowed a fall in the panamax and supramax segments.The overall index, which factors in rates for capesize, panamax, and supramax shipping vessels, was up 12 points, or 0.56%, at 2,162 points.The capesize index .BACI rose 48 points, or 1.64%, to 2,967 points.
The Baltic Exchange's main sea freight index fell on Tuesday, snapping a five-day winning streak, pressured by a fall in the capesize and panamax segments.The overall index, which factors in rates for capesize, panamax and supramax vessels, dipped 112 points, or 4.3%, to 2,484.The capesize index lost 321 points, or 10.6%, to 2,710.
The Baltic Exchange's dry bulk sea freight index slipped for a 13th straight session on Monday, as capesize rates hit their lowest level in more than two-months.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, fell 24 points, or about 1.2%, to 2,031 points, its lowest since Feb. 18.The capesize index slipped 49 points, or 3.
The Baltic Exchange's dry bulk sea freight index fell to its lowest level in over three weeks on Thursday, dragged by sliding panamax and supramax vessel rates, although the main index posted monthly and quarterly gains.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, dipped 11 points, or about 0.5%, to 2,358 points, its lowest since March 8.
The Baltic Exchange's dry bulk sea freight index dipped on Wednesday as rates dropped across all the vessel segments.The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, fell 98 points to 2,591 points.The capesize index fell 191 points to 2,632 points.
The Baltic Exchange's dry bulk sea freight index edged lower on Tuesday to snap a seven-session long winning streak, as losses in the panamax and supramax segments overshadowed a gain in capesize rates.The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, fell 38 points to 2,689 points.The panamax index was down 146 points at 2,946 points.
Cruise operators Royal Caribbean Group and Viking Cruises canceled sailings to Russia on Wednesday, joining their rivals and many Western brands in suspending operations in the country after its invasion of Ukraine.Celebrity Cruises, owned by Royal Caribbean, said it was removing Russian port city St.