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Matson announces fourth quarter and full year 2024 results; provides 2025 outlook

Matson, a leading U.S. carrier in the Pacific, today reported net income of $128.0 million, or $3.80 per diluted share, for the quarter ended December 31, 2024. Net...

US East Coast dockworkers ratify new six-year contract

Over 45,000 U.S. dockworkers represented by the International Longshoremen's Association (ILA) voted to ratify a new six-year contract on Tuesday, formalizing a deal which...

HMM emerges as preferred bidder for SK Shipping in high-stakes acquisition

In a significant development within the South Korean shipping industry, Hahn & Co. has selected HMM as the preferred bidder for the sale of...

Asia Pacific’s first LNG bunkering for cruise passenger ships successfully completed at Singapore Cruise Centre

Asia Pacific’s first LNG bunkering for cruise passenger ships was successfully completed at Singapore Cruise Centre (SCC) yesterday. As part of this pioneering operation, TotalEnergies...

Intermodal Weekly Market Report [W08]

The rebounding OSV market enjoyed a strong start in 2024 hitting record highs, before easing off in the latter half of the year, with...

Iron ore declines on recovery in shipments, duties on Chinese steel

Iron ore futures prices faltered on Tuesday, weighed down by a recovery in iron ore shipments, with increasing levies and legislations on Chinese steel...

Baltic Index hits six-week peak on stronger capesize, supramax rates

The Baltic Exchange’s dry bulk sea freight index, which measures shipping rates for vessels transporting dry bulk commodities, extended its climb to a six-week...

Diana Shipping posts profitable quarter

Diana Shipping, a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, reported net income of $9.7 million and...

NNPC Shipping, Stena Bulk and Caverton Marine launch new tanker joint venture

Nigeria's NNPC Shipping, Stena Bulk, and Caverton Marine have formed a new joint venture that will address Nigeria and West Africa's regional and global...

Indonesian prosecutors arrest three Pertamina unit executives over oil imports

Indonesia's Attorney General's Office has arrested three executives at units of state-owned energy firm Pertamina on charges of alleged corruption related to oil imports...

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TEN sees 300% plus increase in 6-month net income; record 1H revenues

TEN reported results (unaudited) for the six months and the second quarter ended June 30, 2026. FIRST HALF 2026 SUMMARY RESULTS TEN's fleet generated record gross...

Samsung seeks $186 million from CMA CGM in landmark FMC complaint

Samsung Electronics America (SEA) has filed a formal complaint against CMA CGM with the US Federal Maritime Commission (FMC), demanding at least $186 million...

Safe Bulkers: Completion and pricing of private placement of common stock

Safe Bulkers, Inc., an international provider of marine drybulk transportation services, announced today that it has successfully placed 12,000,000 new shares of common stock...

Scorpio Tankers announces updates on third quarter 2026 TCE rates and time charter-out agreements

Scorpio Tankers Inc. announced today an update on its third quarter of 2026 average daily Time Charter Equivalent rates and that it has entered...

Block sale of existing shares in Klaveness Combination Carriers ASA completed

Reference is made to the stock exchange notice published on 2 September 2026 regarding a potential block sale of existing shares in Klaveness Combination...

DP World handles record BYD new energy vehicle shipment to Chile

DP World has handled the largest single maritime delivery of new energy vehicles to...

Seanergy Maritime CFO focuses on delivering real value in practice

Stavros Gyftakis, CFO of Seanergy Maritime Holdings and CFO and Director of United Maritime...

Hormuz shipping traffic in single digits, data shows

Vessel transits at the Strait of Hormuz fell ​slightly on Wednesday to seven, compared...

MISC launches Yayasan Maritim to shape a sustainable maritime future for Malaysia

MISC Group has launched Yayasan Maritim, Malaysia’s first dedicated maritime-focused foundation, to advance the...

Iran attacks US base in Jordan, ships near Hormuz after tankers sunk

Iran's Revolutionary Guard said it ​fired ballistic missiles at a base in Jordan used...

Port of Los Angeles posts best three-month cargo stretch in its history

Port of Los Angeles waterfront workers processed  955,907 Twenty-Foot Equivalent Units (TEUs) in August, capping the busiest three consecutive months in Port history. More...

ATI and DP World commission six new hybrid cranes at manila South Harbour

Strategic partners DP World and Asian Terminals Inc. (ATI) have commissioned six state-of-the-art hybrid Rubber-Tyred Gantry (RTG) cranes at Manila South Harbour (MSH), strengthening...

PCT S.A.: New customs licence for cargo arriving by rail

A step towards enhancing the operational efficiency of the Piraeus Container Terminal is the granting of an Authorised Consignee licence to PCT S.A. by...

ZIM: Updated freight rates from Mediterranean & Black Sea ports

Updated Freight Rates from all Mediterranean ports & Black Sea ports to all USEC & Gulf, Puerto Rico, Canada, Mexico, Caribbean & South America...

Chandra Asri Group opens access to CPN public terminal

PT Chandra Pelabuhan Nusantara (CPN), a subsidiary of PT Chandra Asri Pacific Tbk (Chandra Asri Group), has officially obtained the Business License for the...