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Nakilat Expands its Fleet with Cutting-edge LNG and LPG Carriers

Nakilat, a global leader in LNG shipping and maritime transportation, is pleased to announce a strategic shipping expansion through a significant vessel acquisition. Nakilat...

Israel Wants Clarity On COSCO Halt

Israel’s Transport Ministry on Tuesday said it was seeking to clarify Chinese shipper COSCO’s reported decision to halt shipping to Israel. Israeli media this week...

Korean Shippers Face Soaring Challenges as Q4 Performance Dips

In the fourth quarter of last year, the annual performance of South Korea’s largest container shipping company HMM and bulk carrier operator Pan Ocean...

Intermodal Weekly Market Report [W01]

In 2023, the global seaborne chemical trade reached a volume of 372.5 million tons, not only representing a recovery with a growth rate of...

Oil tankers continue Red Sea movements despite Houthi attacks

Oil and fuel tanker traffic in the Red Sea was stable in December, even though many container ships have rerouted due to attacks by...

Iron ore extends decline as mills’ pre-holiday replenishment slows

Iron ore futures fell on Tuesday for a fourth consecutive session, albeit at a slower pace, as steelmakers in top consumer China remained cautious...

Baltic index logs biggest fall in a month on slipping vessel rates

The Baltic Exchange’s dry bulk sea freight index fell on Tuesday to a nearly seven-week low in its worst showing in more than a...

Energos Infrastructure buys two FSRUs from Dynagas

Energos Infrastructure has purchased two 2021-built floating storage and regasification units from affiliates of Dynagas. The 174,000-cbm closed-loop FSRUs, Transgas Force and Transgas Power, will...

TORM capital increase in connection with delivery of MR vessel & LR2 vessel

With reference to Company Announcement no. 22 dated 09 November 2023 where TORM plc (“TORM") announced the acquisition of eight LR2 product tanker vessels,...

Maersk Tankers and Penfield Marine to create a tanker company with unique reach

Maersk Tankers has acquired Penfield Marine to create a large-scale crude and product tanker company offering pool partners and cargo customers a wider range...

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Capital Maritime Finance: Strong investor response opens a new chapter for shipping in Athens

Capital Maritime Finance Corp. (CMF) has successfully completed its public offering, attracting exceptionally strong interest. Total bids amounted to approximately €1.1 billion, making the offering...

Nordea posts 3Q2026 financial results

Nordea released its third-quarter financial results.

TORM upgrades full-year guidance

TORM plc announced that, based on the Company's current coverage and expectations for continued market strength during the remainder of the fourth quarter of...

OOIL announces operational update for the 3rd quarter 2026

​​​​​​Orient Overseas (International) Limited announces operational update for the 3rd quarter 2026.

Capital Maritime Finance launches its IPO on Tuesday; aims to raise €300 million

The public offering for the listing of Capital Maritime Finance Corp on Euronext Athens opens on Tuesday and will run until Thursday, 15 October. The...

Hormuz shipping disruption is starting to hit harvests, UN agency says

The impact of the disruption to shipping through the Strait of Hormuz is already...

Maritime piracy incidents remain at historic lows despite Somali piracy concerns

The ICC International Maritime Bureau (IMB) has reported the lowest level (51) of piracy...

Bulk Carrier sinks weeks after deadly strait of Hormuz strike

A container ship and a dry bulk carrier have both sunk near the Strait...

ABS and U.S. Department of Energy sign MOU on maritime applications of advanced nuclear...

ABS and the U.S. Department of Energy’s (DOE) Office of Nuclear Energy have signed...

Saudi Arabia strikes Houthi targets as Red Sea war escalates

Yemen’s Iran-allied Houthis said Saudi Arabia was attacking the Yemeni capital Sanaa on Tuesday...

Piraeus Port Authority hosts Chinese delegation from ports, shipping and logistics sectors

The Piraeus Port Authority (PPA) welcomed a delegation of professionals from China’s ports, shipping and logistics sectors as part of a knowledge and experience...

A.P. Moller Capital agrees to acquire Portek International from Mitsui & Co.

A.P. Moller Capital has signed an agreement, through its A.P. Moller Capital – Emerging Markets Infrastructure Fund II, to acquire 100% of Portek International...

Georgia Ports achieves permit for 3.5 million TEU container terminal

Georgia Ports Authority hosted their annual State of the Port of Savannah event with President Kevin Price announcing the U.S. Army Corps of Engineers...

ENGIE and CMA CGM join forces to invest in biomethane production in Le Havre

ENGIE Group, a major player in the energy transition, and the CMA CGM Group, a global player in sea, land, air and logistics solutions,...

Port of Los Angeles sets all-time monthly cargo record

The Port of Los Angeles handled 1,042,652 Twenty-Foot Equivalent Units (TEUs) in September, the busiest month in its 118-year history and more than 20,000...