Sunday

25-05-2025 Vol 19

Year: 2025

Pyxis Tankers Secures Loan Commitment for Potential Expansion of Fleet Size

Pyxis Tankers Inc., an international shipping firm, has announced the signing of a loan commitment letter with an existing bank…

Bank of England Cuts Rates Cautiously While Avoiding Rapid Easing Measures

The Bank of England has lowered interest rates to 4.25%, but it has not signaled a quickening of its easing…

Bill Gates Plans to Donate $200 Billion by 2045; Criticizes Musk for Impact on Global Poverty

On Thursday, Bill Gates announced his commitment to donate nearly his entire personal fortune, amounting to $200 billion, through his…

US Natural Gas Prices Rise to Four-Week High Due to Increased Demand Before Storage Report

U.S. natural gas futures recently increased by about 1%, reaching a four-week high due to a decrease in production and…

Weekly Market Update: Grain Dry Bulk Shipments from the U.S. to Mexico

In recent weeks, the grain dry bulk shipping market from the U.S. to Mexico has seen significant changes, particularly in…

Brazil’s Grain Exports Rise 9% as China Looks for Alternatives to US Supplies

Brazil has seen a notable increase in grain shipments, with a reported 9% rise attributed to higher soybean harvest estimates…

Ship Demolition Market Faces Continued Weakness as Dominant Trend Persists

The ship demolition market continues to experience significant weaknesses across all major locations, with little change in sentiment and limited…

Important Updates on Port Activities from GAC

HOT PORT NEWS from GAC Mandatory verification of P&I certificate As of May 8, 2025, all vessels entering or transiting…

Bahri Announces 18% Net Profit Growth in First Quarter 2025 Financial Results

Bahri, the National Shipping Company of Saudi Arabia and a leading provider in the shipping and logistics sector, has released…

Construction Commences on Greensand’s CO₂ Transit Terminal at Port Esbjerg

Construction has officially commenced on Greensand’s Carbon Dioxide transit terminal at Port Esbjerg in Denmark. This terminal is poised to…