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Exmar posts first half results

The Board of Directors of EXMAR has approved the interim accounts for the period ending June 30, 2024. The interim condensed consolidated financial statements...

OPEC August output falls to lowest since January on Libya, survey finds

OPEC oil output fell in August to its lowest since January, a Reuters survey found on Monday, as unrest that disrupted Libyan supply added...

Two ships report blasts in the Red Sea off Yemen, maritime security agencies say

Two crude oil tanker ships reported coming under attack in the Red Sea off the coast of Yemen on Tuesday, although neither reported damage,...

Scorpio Tankers announces financial results for the second quarter of 2024

Scorpio Tankers reported its results for the three and six months ended June 30, 2024. The Company also announced that its board of directors...

Hapag-Lloyd publishes 2023 annual report and announces forecast for the current financial year

Hapag-Lloyd published its annual report for 2023. As expected, a significant decrease in earnings was recorded. According to the report, the Group EBITDA stood...

Economou buys stake in Performance Shipping

George Economou has acquired a stake in tanker owner Performance Shipping. According to a relevant SEC filing, Economou’s investment vehicle, Sphinx, a subsidiary of Maryport...

OOCL Welcomes First of Six 24,000 TEU Megaships

Orient Overseas Container Line Ltd. (OOCL) took delivery of its first 24,188 TEU mega vessel, OOCL Spain, officially named at a ceremony held Thursday...

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Exmar posts first half results

The Board of Directors of EXMAR has approved the interim accounts for the period ending June 30, 2024. The interim condensed consolidated financial statements...

StealthGas reports second quarter and six months 2024 financial results

STEALTHGAS, a ship-owning company serving the liquefied petroleum gas (LPG) sector of the international shipping industry, announced its unaudited financial and operating results for...

Prevention at Sea and DYNAMARINe announce strategic partnership to foster sustainable maritime solutions

Prevention at Sea and DYNAMARINe, two leading companies in the maritime industry, are proud to announce a new strategic co-operation through an MOU signed...

Hempel A/S closes a new strategic partnership deal with CVC 

In May, Hempel A/S announced CVC Funds as minority investor. The transaction has now been completed, following regulatory approval. As part of this, Hempel...

COSCO SHIPPING Holdings Announces 2024 Interim Financial Results

COSCO SHIPPING Holdings announced its 2024 interim results. In the first half of 2024, the global container shipping market was intertwined with tight effective capacity...

Cruise industry annual environmental technologies and practices data shows continued progress toward environmental sustainability...

Cruise Lines International Association (CLIA), the leading voice of the global cruise industry, today...

Greece to take action against cruise ship tourism and short-term leasing

Greek Prime Minister Kyriakos Mitsotakis announced measures aimed at addressing the negative impact of...

Avikus and DNV partner for worlds’ first autonomous type approval

Avikus, a leading innovator in autonomous navigation technology, and DNV, the world’s leading classification...

Dalian iron ore tumbles to one-year low on China demand worries

Dalian iron ore futures fell for the fifth straight session on Thursday to hit...

Baltic index edges up on higher capezise rates

The Baltic Exchange’s dry bulk sea freight index tracking rates for ships carrying dry...

US East Coast Ports Union meets over wage demand, preps for possible strike

The International Longshoremen’s Association union, representing 45,000 workers at major container ports from Texas to Maine, will begin two days of meetings on Wednesday...

Singapore permits night movement of containers at Pasir Panjang Terminal

Singapore will allow for night movement of line-towed container barges to and from Pasir Panjang Terminal, following a four-month trial, the Maritime and Port...

DP World enters retail and fashion logistics

DP World has completed the acquisition of Cargo Services Far East Ltd – a global supply chain provider headquartered in Hong Kong. Cargo Services is...

APSEZ acquires 80% stake in global OSV operator Astro Offshore for USD 185 Mn

Adani Ports and Special Economic Zone Ltd (APSEZ), India’s largest ports and logistics company, has entered into a definitive agreement to acquire 80% stake...

Indian Port Workers Call Off Strike, Agree New Wage Deal

Nearly 20,000 workers across major Indian ports, who had threatened to go on an indefinite strike from Wednesday, called off their walkout late on...