Egypt expects Suez Canal revenues to hit $7bn in the 2021-22 financial year, ending on June 30, up 27% from $5.5bn in the last year, Finance Minister Mohamed Maait said on Saturday.
The strength of the Greek-controlled fleet is at an all-time high, reflecting Greek shipowners' activity in the newbuilding and sale and purchase markets.
The continued growth of Greek shipowners sees 76-Greek-controlled fleets breaking the 1m dwt each barrier equalling the record set in 2020.
Dutch short sea owner and operator Vertom will retrofit Econowind’s wind assist VentiFoils on two more of its general cargo vessels this year.
Globus Maritime Limited has signed two contracts for the construction and purchase of two fuel efficient bulk carriers with Nantong COSCO KHI Ship Engineering.
Shipowner Nissen Kaiun has received ClassNK’s highest Digital Smart Ship certification for its vessels using NAPA’s Fleet Intelligence and Performance Monitoring solutions.
Louis Dreyfus Armateurs will equip one of its vessels with three of bound4blue’s suction sail systems in 2023.
The Russian invasion of the Ukraine is blocking key agribulk exports from the Black Sea region driving up global food prices.
The absence of the usual Q1 low in dry bulk markets helped Norden to a $117.1m profit for the quarter, up from a $14.9m loss in Q1 2021.
Swire Shipping affiliate SSPL US Inc. signed an agreement to acquire independent US operator Westwood Shipping Lines.