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Awilco LNG refinances ships in leasback deal

Awilco LNG announcde that a term sheet for refinancing of the Company’s two 2013-built 156,000 cbm TFDEs WilForce and WilPride has been agreed and...

War Risk Insurance Rates Edge Up Amid Red Sea Ship Attacks

War risk insurance premiums edged up for Red Sea voyages after three vessels were attacked in the area on Sunday and fears grow over...

Maersk to invest in integrated supply chain capabilities in Southeast Asia

A.P. Moller-Maersk (Maersk) announced more than USD$500 million investment to expand its supply chain infrastructure to support Southeast Asia’s emergence as a global production...

Iron ore benchmarks diverge as China tries to cool prices

The two main spot prices for iron ore diverged last week, with Singapore-traded contracts gaining but China’s domestic futures posting a decline. The two benchmarks...

Baltic index gains hits a one-and-a-half year high on strong vessel demand

The Baltic Exchange’s dry bulk sea freight index rose for the eighth consecutive session on Monday, hitting a one-and-a-half year high as rates climbed...

George Economou acquires 5% stake in Seanergy

According to a relevant SEC filing, George Economou has acquired a stake in Seanergy Maritime. Specifically, the filing shows Sphinx, a subsidiary of Maryport Navigation,...

OPEC+ Agrees on Deeper Output Cuts to Avoid Renewed Surplus

OPEC+ agreed to make 1 million barrels a day of additional oil-supply cuts to go alongside Saudi Arabia’s much-anticipated extension of its voluntary reduction...

Maersk Reaches Settlement Over Ship That Blocked the Suez Canal

A.P. Moller-Maersk A/S settled a Danish lawsuit against the companies behind a ship that blocked the Suez canal in 2021, forcing shipping lines to...

Frontline Reports $107.7 Million Profit in Q3

Frontline reported unaudited results for the nine months ended September 30, 2023: Highlights Profit of $107.7 million, or $0.48 per basic and diluted share for the...

BW LPG Signs Joint Venture Agreement with Confidence Petroleum

BW LPG Limited is pleased to announce the signing of multiple definitive Agreements, viz. a Joint Venture (JV) with Confidence Petroleum India Limited (“Confidence”,...

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Greek shipping industry turns to Euronext Athens

The Greek shipping community is turning its attention to Euronext Athens. Safe Bulkers, owned by Polys V. Hajioannou, made the first move. The company pursued...

TOP Ships announces net income of $6.5 million, diluted earnings per share of $0.61 and stockholders’ equity of $76.7 million for the six months...

TOP Ships Inc., an international owner and operator of modern, fuel-efficient “ECO” tanker vessels, announced its financial results for the six months ended June...

TORM announces secondary public offering of its class A common shares by a selling shareholder

TORM plc announced the commencement of a secondary public offering of 9,000,000 of the Company’s Class A common shares by OCM Njord Holdings S.à...

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...

Vessels trickle through Strait of Hormuz as Middle East conflict persists

A total of 17 commodity vessels transited the Strait of Hormuz on the weekend,...

Greek shipping a key pillar of economy, citizens’ daily lives, minister says

The importance of Greek shipping to the economy and citizens’ everyday lives was highlighted...

Qatar Energy Chief says Bessent ‘wrong’ about Hormuz future

Qatari Energy Minister Saad Al-Kaabi said Treasury Secretary Scott Bessent is “wrong” when he...

Cruise Industry report shows measurable progress in environmental technologies and practices

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

Stop attacking merchant ships and seafarers: IMO Secretary-General to Member States

The Secretary-General of the International Maritime Organization, Mr. Arsenio Dominguez, has called on Member...

Piraeus container traffic soars 18% in August

Container throughput at the port of Piraeus remained strong in August, with a significant improvement recorded at Terminals II and III as the global...

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...