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Castor Maritime Inc. Announces Record Date for the Proposed Spin-Off of its Tanker Fleet

Castor Maritime Inc., a diversified global shipping company, announced today that, in relation to the previously announced spin-off of its wholly owned subsidiary, Toro Corp., the record date has been revised to February 22, 2023, and the Company now expects to complete the distribution of Toro Corp. common shares in March 2023. Additional information regarding …

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Shipping Corporation of India consolidated net profit declines 10.27% in the December 2022 quarter

Net profit of Shipping Corporation of India declined 10.27% to Rs 279.54 crore in the quarter ended December 2022 as against Rs 311.54 crore during the previous quarter ended December 2021. Sales rose 4.81% to Rs 1500.06 crore in the quarter ended December 2022 as against Rs 1431.26 crore during the previous quarter ended December …

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Sealand inicia servicio de transbordo de contenedores reefer entre San Antonio Este, Argentina, …

La política que en el presente documento se indica, tiene por objeto informar a los usuarios de MundoMaritimo sobre el proceder de nuestra empresa respecto del tratamiento de los datos de carácter personal recogidos a través de nuestros portales. 1 | Recolección: Cuando Usted requiere los servicios de MundoMaritimo, se recoge información personal como su …

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Oceanus Line inicia un servicio entre EE.UU., México y Colombia

Oceanus Line inicia un servicio entre EE.UU., México y Colombia Read More »

Puertos de Panamá movilizan 8,5 millones de TEUs y marcan descenso del 1,20% en 2022

Puertos de Panamá movilizan 8,5 millones de TEUs y marcan descenso del 1,20% en 2022 Read More »

Baltic index logs fifth straight weekly drop on weaker vessel demand

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, fell for the fifth straight week on Friday, pressured by weaker rates across vessel segments. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels carrying dry bulk commodities, fell 19 points, or about 3%, to …

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McQuilling: Tanker Earnings To Improve Over the 2024-25 Period

McQuilling Services is pleased to announce the release of its 26th anniversary edition, 2023-2027 Tanker Market Outlook. This 168-page report provides a detailed analysis of oil fundamentals, global economic and geopolitical context in addition to tanker demand and supply projections across eight vessel classes. The interaction of tanker demand and vessel supply variables is processed …

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Start thinking about carbon strategies today

Shipping companies should be looking at carbon strategies – both compulsory and voluntary – today as impactful legislation is fast approaching. That was the message from a joint Baltic Exchange-Institute of Chartered Shipbrokers webinar, where expert speakers examined the carbon markets and their impact on freight. James Blunt, head of voluntary carbon, shipping and aviation, …

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Drewry: World Container Index Down 1% This Past Week

Drewry’s composite World Container Index decreased by 1% to $2,033.70 per 40ft container this week. Our detailed assessment for Thursday, 02 February 2023 The composite index has decreased by 1% this week, and has dropped by 78% when compared with the same week last year. The latest Drewry WCI composite index of $2,034 per 40-foot …

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India Signals Change Through Vessel Age Limits

India is taking further steps to lower the footprint that their Shipping trade leaves. It is understood that a number of measures will be introduced, including the ban of Tankers and Bulkers older than 25 years, and Gas and Container vessels older than 30 years, from making port calls in India. Furthermore, secondhand vessels purchased …

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