Headlines

May 27, 2022

Subsea 7 awarded contract offshore Brazil

Subsea 7 announced the award of a major contract by Petrobras for the development of the Búzios 8 field located approximately 180 kilometres off the...

May 27, 2022

International Seaways Announces Refinancing Agreement

International Seaways announced that it has closed on a new senior secured credit facility with an aggregate capacity of $750 million, composed of a term...

May 27, 2022

Safe Bulkers Announces Acquisition of Capesize Bulk Carrier

Safe Bulkers announced that it has entered into an agreement for the acquisition of a 2012-built, Chinese, dry-bulk, 176,000 dwt, Capesize class vessel (more…)

Maersk's Triple-E giant container ship Majestic Maersk, one of the world's largest container ships is seen at the Yangshan Deep Water Port, part of the Shanghai Free Trade Zone, in Shanghai, China September 24, 2016. Picture taken September 24, 2016. REUTERS/Aly Song TPX IMAGES OF THE DAY

May 27, 2022

Shanghai port rebounds as lockdown loosens but backlog remains

Daily operations at Shanghai’s port have almost fully recovered from the effects of the city’s Covid-19 lockdown, though the backlog from disruptions to the port...

May 27, 2022

Costamare: Closing of $500 Million Syndicated Loan Facility

Costamare announced the closing of a 5-year syndicated loan facility for an amount of up to $500 million. (more…)

May 27, 2022

MISC Posts Strong Financial Results in First Quarter

MISC announced its financial results for the first quarter ended 31 March 2022. (more…)

May 27, 2022

Golar LNG Reports Q1 Financial Results

Golar LNG Ltd. (GLNG) on Thursday reported first-quarter net income of $345.2 million. (more…)

FILE PHOTO: Cargo ships navigate the Panama Canal during an organized media tour by Italy's Salini Impregilo, one of the main sub contractors of the Panama Canal Expansion project, on the outskirts of Colon city, Panama May 11, 2016. REUTERS/Carlos Jasso/File Photo

May 27, 2022

Baltic index dips for 3rd straight session on lower vessel rates

The Baltic Exchange’s main sea freight index extended its decline for the third session in a row on Thursday, dragged by lower rates across all...

May 27, 2022

Höegh LNG Partners LP Reports Q1 Financial Results

Höegh LNG Partners LP reported its financial results for the quarter ended March 31, 2022. (more…)

May 26, 2022

Avance Gas cites positive outlook after strong first quarter

Avance Gas published its first quarter 2022 results. (more…)

May 26, 2022

Höegh LNG Holdings to Acquire All Publicly Held Common Units of Höegh LNG Partners

Höegh LNG Partners LP (NYSE: HMLP) announced that it has entered into a definitive merger agreement with Höegh LNG Holdings Ltd. ("Höegh LNG") pursuant to...

May 26, 2022

Safe Bulkers sees profit rise in first quarter on robust bulker markets

Safe Bulkers announced its unaudited financial results for the three month period ended March 31, 2022. (more…)

May 26, 2022

S. Korea’s shipping stocks survive bear market amid solid shipping rates

South Korea’s shipping stocks are set to resume gains as they recouped most of their earlier losses on anticipated normalization in China after lockdowns. (more…)

May 26, 2022

Maran Gas extends Optimised Maintenance Agreement with Wärtsilä

The technology group Wärtsilä has signed a renewal of its Optimised Maintenance Agreement with the Greek shipping company Maran Gas Maritime. (more…)

May 26, 2022

Europe, Asia gas buyers switching to long-term supplies to beat volatile prices

Natural gas buyers in Asia and Europe are seeking to lock in supplies via long-term contracts as a buffer against volatile global prices, industry executives...