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Car carrier markets at all-time highs

Car Carrier Trade & Transport 2023, the comprehensive annual review and outlook for the car carrier shipping market, has been published by Clarksons Research. Steve...

Panama Canal drought to delay grain ships well into 2024

Bulk grain shippers hauling crops from the U.S. Gulf Coast export hub to Asia are sailing longer routes and paying higher freight costs to...

Iron ore slides on disappointing China data, falling demand

Iron ore futures fell on Monday on downbeat investor sentiment due to disappointing data in top consumer China as well as falling demand for...

Baltic index snaps 4-day losing streak on firm capesize rates

The Baltic Exchange’s dry bulk sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Monday as firm capesize vessel rates...

Greece: DEME, FARIA sign deal for developing offshore wind farms

Belgian group DEME and FARIA Renewables have signed a cooperation agreement to explore opportunities and co-develop offshore wind farms in Greece. Recognizing the unique potential...

VTTI, Höegh LNG looking into Zeeland Energy Terminal development

VTTI and Höegh LNG are investigating the possibility of developing the Zeeland Energy Terminal. The terminal consists of a so-called Floating Storage and Regasification...

Avance Gas sells two VLGC newbuildings

Avance Gas has reportedly agreed to sell two 91,000 m3 liquefied petroleum gas (LPG) dual-fuel-powered very large liquefied gas carriers (VLGCs) newbuildings to an...

China’s soft crude oil imports show impact of high prices

China’s crude oil imports dropped to their weakest in four months in November, showing how high prices trumped bullish demand forecasts from leading industry...

APM Terminals, DP World launch Zero Emission Port Alliance at COP28

APM Terminals and DP World announced the formation of the Zero Emission Port Alliance (ZEPA), an industry-wide strategic coalition with the goal of accelerating...

Container rates could rise by $450/TEU for zero-emission shipping: UMAS

Container lines may need to hike freight rates by up to $450/TEU in deepsea trade to cover additional expenses arising from decarbonizing their maritime...

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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...