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Turkish Cargo Ship Hits Mine in Black Sea

A Turkish-flagged general cargo ship hit a mine on Thursday in the Black Sea off the coast of Romania and sustained minor damage but...

Stolt-Nielsen Reports Third Quarter Net Profit of $90.1 Million

Stolt-Nielsen Limited reported unaudited results for the third quarter ending August 31, 2023. The Company reported a third-quarter net profit of $90.1 million with revenue...

MOL becomes new strategic shareholder in Odfjell Oceanwind

Following a recent private placement, Mitsui O.S.K. Lines, Ltd. (MOL) has become a shareholder in Odfjell Oceanwind, thus becoming an important strategic partner to...

Baltic index scales 11-month peak on robust capesize demand

The Baltic Exchange’s main sea freight index rose to an 11-month high on Thursday as demand for capesize vessels remained strong. The overall index, which...

Ceremonial launch of first Greek frigate ‘Kimon’

The inauguration of ‘Kimon’ the first Greek frigate took place on Wednesday at the Naval Group shipyards in Lorient, France. Greek Defence Minister Nikos...

DP World Breaks Ground on New Container Terminal in East Java

DP World, one of the world’s leading logistics providers, and leading Indonesian conglomerate Maspion Group, have marked the commencement of the process to construct...

Trafigura secures $400 million loan facility backed by United States

Commodity trader Trafigura has secured two revolving credit facilities totalling $400 million, supported by insurance from the Export-Import Bank of the United States. The funds...

Russia Accuses IMO of Succumbing to ‘External Pressure’

The U.N. shipping agency is departing from its impartial role due to “external pressure” and is being used in the interests of “a minor...

Maersk Tankers ventures into LR1 segment

Maersk Tankers has launched its first ever pool in the Long-Range 1 (LR1) tanker segment, with Sanmar Shipping becoming its first member. The new LR1...

HD Hyundai Lands 5-trillion-won Order for 17 LNG Carriers from Qatar

HD Hyundai Heavy Industries (HHI) is expected to be the first company to win a second batch of liquefied natural gas (LNG) carrier orders...

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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...

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,...

Three Chinese tankers U-Turn in Hormuz as risks remain high

Three China-linked supertankers have U-turned in the Strait of Hormuz as risks to shipping...

South Korea tests arctic shipping route to Europe

South Korea will flag off on Saturday a container ship bound for Europe via...

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...

DP World Accelerates Port Decarbonization in Chile

DP World is expanding the electrification of its port operations in Chile with the introduction of seven 100% electric Internal Transfer Vehicles (ITVs) and...