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Malaysian state energy firm Petroliam Nasional, or Petronas, will retrench about 10% of its workforce in a restructuring exercise, its chief executive said on Thursday.Tengku Muhammad Taufik also denied at a media briefing that the state firm was exiting its business in Canada.Local media has previo
https://www.marinelink.com/news/petronas-cut-workforce-denies-exiting-526546
https://www.marinelink.com/news/petronas-cut-workforce-denies-exiting-526546Vermilion Energy will sell its United States assets for C$120 million ($87.88 million), the Canadian gas producer said on Thursday, using the proceeds to repay debt and completing its exit from the U.S. market.The transaction, expected to close in the third quarter…
https://www.marinelink.com/news/vermilion-energy-sells-us-assets-mil-526547
https://www.marinelink.com/news/vermilion-energy-sells-us-assets-mil-526547Red Sea marine traffic has increased by 60% to 36-37 ships a day since August 2024, but is still short of volumes seen before Yemen's Houthis began attacking ships in the region, according to the commander of the EU's Aspides naval mission.The…
https://www.marinelink.com/news/red-sea-marine-traffic-increases-august-526548
https://www.marinelink.com/news/red-sea-marine-traffic-increases-august-526548Australia offers a secure alternative supply for critical minerals vital to industry, its trade minister Don Farrell said on Thursday, in the face of rising concerns about Beijing's dominance of the sector.China's decision in April to suspend…
https://www.marinelink.com/news/australia-offers-alternative-critical-526549
https://www.marinelink.com/news/australia-offers-alternative-critical-526549The CEO of a company seeking to build a liquefied natural gas terminal near Philadelphia told Reuters on Wednesday he met officials at the White House this week to "provide intelligence" about the project in the works for years despite local…
https://www.marinelink.com/news/ceo-seeking-build-philadelphia-lng-526550
https://www.marinelink.com/news/ceo-seeking-build-philadelphia-lng-526550Iron ore futures dipped on Thursday, as the focus shifted back to softening steel consumption in top consumer China’s off-peak demand season. The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) closed daytime trade 0.14% lower at 701 yuan ($97.60) a metric ton. The benchmark July iron ore on the Singapore Exchange ...
https://www.hellenicshippingnews.com/iron-ore-dips-as-focus-shifts-to-softening-china-steel-demand/
https://www.hellenicshippingnews.com/iron-ore-dips-as-focus-shifts-to-softening-china-steel-demand/EuroDry Ltd., an owner and operator of drybulk vessels and provider of seaborne transportation for drybulk cargoes, announced today its results for the three-month period ended March 31, 2025. First Quarter 2025 Highlights: Total net revenues of $9.2 million. Net loss attributable to controlling shareholders, of $3.7 million or $1.35 loss per share basic and ...
https://www.hellenicshippingnews.com/eurodry-ltd-reports-results-for-the-quarter-ended-march-31-2025/Using VesselsValue Timeseries, we examine how historical orderbook trends have influenced time charter (TC) rates and asset values for the Capesize segment. The data visualisations underscore the importance of tracking orderbook activity as a key driver of future fleet supply. This supply, in turn, directly impacts earnings potential across the fleet. In essence, the historical ...
https://www.hellenicshippingnews.com/capesize-sp-activity-drops-48-yoy/
https://www.hellenicshippingnews.com/capesize-sp-activity-drops-48-yoy/The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, hit its highest level since late March, driven by strong demand across capesize and panamax vessel segments. The main index, which monitors rates for capesize, panamax and supramax shipping vessels, was up 137 points, or 9.2%, at 1,626 ...
https://www.hellenicshippingnews.com/baltic-index-hits-highest-level-since-late-march/
https://www.hellenicshippingnews.com/baltic-index-hits-highest-level-since-late-march/German shipping and logistics group CLI has contracted a multipurpose (MPP) newbuilding at Dutch yard Royal Bodewes. The deal with an undisclosed value covers an 8,500 dwt unit that has been designed to feature advanced environmental and fuel efficiency technologies, including a methanol-ready main engine and an Eco Flettner rotor sail. Founded in 2012, Hamburg-based …
https://splash247.com/germanys-cli-books-mpp-newbuild-at-royal-bodewes/
https://splash247.com/germanys-cli-books-mpp-newbuild-at-royal-bodewes/