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Editor’s Picks

Performance Shipping sees ‘sustainable charter rate recovery’

Performance Shipping reported net income from continuing and discontinued operations of $3.9 million and net income from continuing and discontinued operations attributable to common...

Genco sees increased Q2 profit, announces dividend payout

Genco, the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, reported its financial results for the three months and six...

Dorian LPG declares $1 dividend after surge in Q1 profits

Dorian LPG reported its financial results for the three months ended June 30, 2022, and announced that its Board of Directors has declared an...

Diana Shipping Announces Time Charter Contract for m/v Myrto

Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Tata NYK Shipping Pte. Ltd., for...

Danaos profitable in second quarter

Danaos, one of the world’s largest independent owners of containerships, reported unaudited results for the period ended June 30, 2022. Highlights for the Second Quarter...

Navios Partners Reports $118.2 Million Net Income in Q2

Navios Maritime Partners L.P. reported its financial results for the second quarter and six month period ended June 30, 2022. Angeliki Frangou, Chairwoman and Chief...

Performance Shipping: Time Charter Contract for M/T Blue Moon With Teekay

Performance Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Teekay Chartering Limited, for one of...

Diana Shipping sees profit increase in second quarter

Diana Shipping reported net income of $35.6 million and net income attributed to common stockholders of $34.2 million for the second quarter of 2022....

Costamare posts record second quarter results, plans investment

Costamare reported unaudited financial results for the second quarter (“Q2 2022”) and six-months ended June 30, 2022. I. RECORD PROFITABILITY IN A SECOND QUARTER...

Safe Bulkers sees 55% quarterly profit surge

Safe Bulkers announced its unaudited financial results for the three and six month periods ended June 30, 2022. The Board of Directors of the...

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NORDEN raises full-year guidance

Following stronger than expected operational performance in dry cargo, reduced costs associated with Persian Gulf delays and additional vessel sales, NORDEN upgrades the 2026...

A.P. Moller Holding announces the acquisition of Ocean Yield from KKR

A.P. Møller Holding A/S and KKR, a leading global investment firm, announced that they have signed an agreement under which a subsidiary of A.P....

Mercuria Energy Trading SA successfully Closes USD 3.84 billion Multi-Currency Revolving Credit Facilities

Mercuria Energy Trading S.A announced the successful closing of its USD 3.84 billion Multicurrency Revolving Credit Facilities. The Facilities comprise a new 1-year Multicurrency Revolving...

Diana Shipping Inc. announces extension of financing to support acquisition of all outstanding shares of Genco Shipping & Trading

Diana Shipping Inc., a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels that is the largest shareholder of...

A.P. Moller – Maersk Interim Report 2026

A.P. Moller - Maersk delivered EBITDA and EBIT of USD 1.8bn and USD 340m, respectively, down on the previous year. These results came on...

Europe targets shadow fleet tankers falsely flying Cameroon Flag, sources say

Europe is taking tougher action against tankers falsely using Cameroon’s flag registry to transport...

Celestyal to go west with new Mediterranean Odyssey sailings

Celestyal has unveiled its first dedicated Western Mediterranean programme, introducing a new 14-night voyage...

MSC Cruises sees LNG as a bridge fuel in cruise’s energy transition

The cruise industry’s energy transition will pass through LNG, but not as a final...

US and Iran enter technical talks to secure peace deal, shipping restart

The U.S. and Iran held indirect technical talks in Doha on Wednesday as they...

CMA CGM to buy FedEx third-party logistics arm for $1.4 billion

CMA CGM has agreed to buy FedEx's third-party logistics business for an enterprise ​value...

PPA S.A.: Gross dividend of 1.896 euros per share approved

The Piraeus Port Authority (PPA) successfully held its Annual General Meeting of Shareholders, in accordance with the applicable procedures, with shareholders representing 83.40% of...

Hanseatic Global Terminals plans to acquire 20% stake in Eurogate Container Terminal Hamburg

Hanseatic Global Terminals (HGT) signed a term sheet outlining the key conditions for the intended acquisition of a 20% stake in Eurogate Container Terminal...

MSC to acquire 49% stake in Adani’s Vizhinjam port

Mediterranean Shipping Company (MSC) Group, the world’s largest container shipping company, will buy a 49% stake in Adani Group’s Vizhinjam International Seaport in Kerala...

Asyad Group and CMA CGM Group Initiate Strategic Partnership to enhance maritime connectivity and new regional trade corridors through a multipurpose logistics terminal in...

Asyad Group, Oman’s global integrated logistics provider, and CMA CGM Group, a global player in sea, land, air and logistics solutions, headquartered in France,...

AD Ports Group and Emirates Global Aluminium Expand ‎Long-Term Partnership Through New AED 84 Million ‎Infrastructure Development at Khalifa Port

AD Ports Group, a leading global ‎enabler of integrated trade, industry and logistics solutions, and Emirates Global ‎Aluminium (EGA), the largest premium aluminium producer...