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Tuesday, February 11, 2025

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In Depth

Prokopiou Group: 110 vessels under development

George Prokopiou’s shipping group is currently developing a shipbuilding program of approximately 110 ships....

Suspected Somali pirates seize boat off Horn of Africa

Suspected Somali pirates have seized a Yemeni fishing boat off the Horn of Africa,...

Hapag-Lloyd nears $1.2 Bil. deal with Hanwha Ocean for LNG Dual-fuel Container Ships

Hapag-Lloyd, the world’s fifth-largest shipping company, is reportedly in the final stages of reviewing...

MPC Capital expands maritime services business with energy efficiency and performance management solutions

The investment and asset manager MPC Capital has acquired a 50% stake in the...

Yara Clean Ammonia and NYK conclude world’s first time-charter agreement for ammonia-fueled medium gas...

Yara Clean Ammonia, the world’s largest ammonia distributor, signed a time-charter contract with Nippon...

H-Line Shipping orders newbuild LNG bunkering vessel

HJ Heavy Industries has received an order for an 18,000m3 LNG bunkering ship from H...
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Danaos profitability ‘remains consistent’; 2 newbuilding containerships added to orderbook

Danaos Corporation, one of the world's largest independent owners of container vessels and drybulk vessels, reported unaudited results for the period ended December 31,...

Maersk reports third-best financial year

A.P. Moller - Maersk reports strong financial results for 2024 with growth across all segments and significantly improved profitability with EBIT increasing 65% to...

Norden takes profit hit in challenging year

NORDEN delivered a solid result with a net profit of USD 163 million (DKK ~1.2 bn) and a return on invested capital of 14%...

Sphinx extends Performance Shipping takeover offer

Sphinx Investment announced that it has extended the expiration date of its previously announced offer to purchase all of the issued and outstanding common...

Capital Clean Energy Carriers posts increased earnings

Capital Clean Energy Carriers, an international owner of ocean-going vessels, released its financial results for the fourth quarter ended December 31, 2024. Key Quarterly Highlights Announced...

Suspected Somali pirates seize boat off Horn of Africa

Suspected Somali pirates have seized a Yemeni fishing boat off the Horn of Africa,...

MPC Capital expands maritime services business with energy efficiency and performance management solutions

The investment and asset manager MPC Capital has acquired a 50% stake in the...

Baltic index falls as larger vessel rates dip

The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying...

Nordic Chartering welcomes Hacklin onboard

Oy Hacklin expands its scope of business in the logistics sector with the acquisition...

FMC approves operation of Premier Alliance

The US Federal Maritime Commission has announced that the Premier Alliance Agreement can take...

A.P. Moller Capital invests in Spanish ports group

A.P. Moller Capital announced new partnership with Bergé y Compañía to grow BERGÉ into a leading ports infrastructure company in Iberia and Latin America. Founded...

AD Ports, CMA CGM to develop multipurpose terminal in Congo

AD Ports Group, an enabler of integrated trade, transport and logistics, signed a shareholders’ agreement with the CMA CGM Group, a global player in...

Annual figures for Port of Antwerp-Bruges show growth despite challenging times

Port of Antwerp-Bruges will close 2024 with 2.3% growth in total throughput, amounting to 278 million tons. Despite geopolitical tensions and economic uncertainties, the...

Port of Savannah achieves 11.4 percent growth, Port of Brunswick up 7.5 percent

The Georgia Ports Authority handled more than 2.8 million TEUs in fiscal year-to-date 2025 (July 1 – Dec. 31), an increase of 11.4 percent...

DP World weighs USD 1 bln investment in Peru

DP World is interested in investing more than $1 billion to expand port infrastructure in Peru, the country’s government said on Wednesday following a...