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Exmar orders cargo and fuel supply systems for large midsize LPG newbuilds

A joint venture between maritime and offshore supplier Exmar LPG and parent company Seapeak (formerly Teekay LNG Partners) has placed orders for cargo handling...

Korean shipbuilders act on large oil vessels’ supply shortages

Amid a deepening supply shortage of very large crude carriers (VLCCs), orders for these oil carrier vessels are surging in 2024. Korean shipbuilders are...

South Korean shipbuilders fulfill discounted orders to lift earnings

The three largest shipbuilders in South Korea have reported annual earnings that improved from a year earlier, thanks to the reduction of nonprofitable orders...

Oldendorff sells three bulk carriers – reports

According to broker reports, Oldendorff Carriers has completed the sale of three Chinese-built 13-year-old post-panamaxes, namely Christine Oldendorff, Charlotte Oldendorff and Conrad Oldendorff.Sources...

Latsco linked to LR2 tanker order at Hyundai

According to reports, Latsco Shipping has placed an order at Hyundai Mipo Dockyard for four 115,000 dwt LR2 vessels. The order is thought to...

Performance Shipping profitable in strong Q4 market 

Performance Shipping Inc., a global shipping company specializing in the ownership of tanker vessels, yesterday reported net income of $25.0 million and net income...

TORM Reports Strong 2023 Results

For the year ended 31 December 2023, TORM grew time charter equivalent earnings (TCE) to USD 1,084m (2022: USD 982m) and realized a historically...

Greek operators regain share in Russian crude exports despite tighter sanctions

G7-linked tankers were carrying a higher proportion of Russian crude exports in February on the month, with the return of Greek operators amid strong...

Iron ore climbs on renewed hopes of more China stimulus, pick-up in demand

Iron ore futures rose on Thursday after comments from officials in top consumer China revived hopes for more stimulus measures, although weak fundamentals limited...

Baltic index rises as rates climb across vessel segments

The Baltic Exchange’s dry bulk sea freight index, tracking rates for ships carrying dry bulk commodities, climbed back on Thursday after registering two consecutive...

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Odfjell SE 2Q26: A strong financial result

Odfjell SE reported its results for the second quarter of 2026. The report shows a significantly higher financial result than in the previous quarter....

Navios Maritime Partners L.P. reports financial results for the second quarter and six months ended June 30, 2026

Navios Maritime Partners L.P., an international owner and operator of dry cargo and tanker vessels, reported its financial results for the second quarter and...

C3is announces reverse stock split

C3is Inc. announced that its board of directors has determined to effect a one-for-forty (1-for-40) reverse stock split of the Company’s common stock, par...

Rubico announces financial results for the six months ended June 30, 2026

Rubico Inc. a global provider of shipping transportation services specializing in the ownership of vessels, announced today its financial results for the six months...

Ocean Yield announces Q2 and H1 2026 results

Ocean Yield AS announces results for the second quarter and first half year 2026. Highlights EBITDA for Q2 2026 was USD 47.7 million and Adjusted EBITDA...

Iran grants permission for a number of Iraqi oil tankers to pass through Hormuz

Iran has granted permission for a number of Iraqi oil tankers to pass through...

Search resumes for 22 crew after cargo ship sinks off India

A search-and-rescue operation was continuing on Sunday after a cargo ship sank off the...

Onassis’ Olympic Shipping sells 15-year-old VLCC at record price as ADNOC continues buying spree

Market sources told Riviera that the Greek owner sold 2011-built, 319,368-dwt Olympic Leopard for...

Panama Canal to cap daily transits, anticipating severe El Niño

The Panama Canal ‌Authority will cap daily transits as of early September as it...

BIMCO: Global grain shipments fall 8% as attacks in the Black Sea escalate

“Over the last five weeks (week 29-33) global grain shipments have fallen 8% y/y,...

Piraeus container traffic shows signs of recovery as ships return to Suez Canal

Signs of improvement are emerging in container traffic at Terminals II and III at the Port of Piraeus, as the gradual return of containerships...

Port of Los Angeles posts second-best July on record, cargo volume remains strong

The Port of Los Angeles processed 960,464 Twenty-Foot Equivalent Units (TEUs) in July, making it the second-busiest July in the Port’s history. The strong...

Announcement of Notification to Submit a Voluntary Conditional ‎Cash Offer to Acquire AD Ports Group Shares

AD Ports Group, a leading global facilitator of trade, ‎logistics, and industry, announces that it has received a notification from L’IMAD Holding Company PJSC...

DP World Expands Cold Chain Capabilities With New €48m Antwerp Hub

DP World will build a new temperature-controlled logistics hub in the Port of Antwerp. The project begins with an initial investment of EUR 48...

Port of Klaipėda delivers strong performance in 1H2026

The Port of Klaipėda delivered a strong performance in the first half of the year, demonstrating resilience in a changing market environment and further...