Shipping
Cautious optimism for Western Bulk after challenging first half of 2025
(Posted on 25/08/25)For the first half of 2025, Western Bulk Chartering AS (Western Bulk, WEST) generated a positive Net TC margin of USD 383 per ship day across an average of 110 vessels, corresponding to a Net TC of USD 7.6 million. After tax, this resulted in a net loss of USD 2.1 million.Western Bulk are a leading dry bulk shipping company with...
NORDEN sells additional vessel and adds Panamax to strengthen global freight service
(Posted on 25/08/25)NORDEN has announce that we have declared an additional Supramax purchase option and subsequently sold the vessel.Founded in 1871, NORDEN is one of Denmark’s oldest internationally operating shipping companies, with 18 offices across six continents.In a statement the company said, “In addition to this sale, we have also...
Positive results for Pacific Basin despite weaker freight market
(Posted on 15/08/25)Pacific Basin Shipping Limited, one of the world’s leading dry bulk shipping companies, has announced the unaudited results of the Company and its subsidiaries for the six months ended 30 June 2025.Mr. Martin Fruergaard, CEO of Pacific Basin, said: “In the first half of 2025, we generated an underlying profit of US$21...
Swedish Club: Geopolitical volatility is new normal for marine insurance
(Posted on 14/08/25)The shipping industry must accept that geopolitical instability is now a permanent part of the operating environment, according to Thomas Nordberg, Managing Director of The Swedish Club.With global tensions affecting shipping routes, contract structures and investment markets, the role of marine insurers is shifting. The Swedish...
Diverse vessel and market portfolio provides resilience for Algoma
(Posted on 11/08/25)Algoma Central Corporation has reported its results for the three and six months ended June 30, 2025. Algoma reported second quarter revenues of $211,715, compared to revenues of $180,968 in 2024. Net earnings for the 2025 second quarter were $32,883 compared to net earnings of $17,464 in 2024. EBITDA was $72,582 in the second quarter...
Columbia: Compliance must be more than box-ticking exercise
(Posted on 11/08/25)The International Maritime Organization’s Maritime Safety Committee (MSC) has sent a clear message: the ISM Code is overdue for serious reform.The committee has called for a comprehensive overhaul of the guidelines governing safe ship management—guidelines that, despite their critical importance, no longer reflect the...
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