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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”,...

Baltic dry bulk index doubles in November on robust vessel demand

The Baltic Exchange’s dry bulk sea freight index gained for the sixth consecutive session on Thursday, more than doubling in November to hit an...

BIMCO: Growing oil market imbalances drive tanker improvements

We forecast that the crude tanker market will end 2023 with cargo volume growth of between 0.5% and 1.5% but see tonne miles increase...

LR to class first newbuild project for mid-size low pressure ammonia-ready LCO2 Carriers ordered by Capital Gas Ship Management at Hyundai Mipo Dockyard

Capital Gas Ship Management (Capital), Hyundai Mipo Dockyard (HD HMD), and Lloyd’s Register (LR) will work together for the construction of two 22,000m3 low-pressure...

Euronav: Dividend Distribution For Q3 2023 & Business Update

Euronav NV provides a business and dividend update following the recent board and management changes. The Supervisory board has agreed to distribute USD 0.57 per...

Atlas Maritime linked to order of suezmax tankers

According to media reports, Atlas Maritime has placed an order for two suezmax tankers (158,000 dwt) at DH Shipbuilding. The price of the two vessels...

Castor Maritime: Sale of M/V Magic Moon; Completion of M/V Magic Phoenix sale

Castor Maritime announced that on November 10, 2023, the Company entered into an agreement with an unaffiliated third party for the sale of the...

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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...