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Iron ore retreats on rising concerns about China property sector

Iron ore futures dipped on Monday after solid gains in the previous week, as negative headlines related to China’s property sector prompted caution. The steelmaking...

Capesize jump steers Baltic index to over 4-month high

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, on Monday hit its highest in more than four...

Sale of Abo FPSO for USD 20 million

BW Offshore has closed a transaction for the sale of Abo FPSO to STAC Marine Offshore Limited, a member of the Nigerian Transport Group...

California sues 5 major oil companies, accuses them of deceiving public over the risks of fossil fuel use  

The state of California is suing the oil companies BP, ExxonMobil, Chevron, Shell and ConocoPhillips and their trade group, the American Petroleum Institute, over...

Korea’s STX denies rumor that it is backed by Chinese fund

South Korean general trading company STX Corp. has said its largest shareholder is a local investment firm, while refuting the false reports appearing through...

Republic of Marshall Islands to Flag Two First-ever 22,000 cbm Liquid Carbon Dioxide Carrier Newbuilds

The Republic of the Marshall Islands (RMI) will flag the first-ever state-of-the-art 22,000 cubic meters (cbm) liquid carbon dioxide (LCO2) carriers whose order was...

Chinese yards set to scale up LNG newbuild construction at record pace

Chinese shipyards have accumulated their largest number of LNG newbuild orders till date, positioning them in coming years as an alternative to South Korean...

Dynagas sees profits rise in second quarter

Dynagas LNG Partners LP, an owner and operator of liquefied natural gas carriers, announced its results for the three and six months ended June...

Maersk Sets up Green Methanol Fuel Company

Maersk has teamed up with its majority owner to form a new company to produce “green methanol”, the shipping company said on Thursday, as...

Transocean Announces $486 Million Contract for Deepwater Aquila

Transocean announced a three-year award for the newbuild ultra-deepwater drillship Deepwater Aquila with a national oil company for work offshore Brazil. The contract is expected...

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Hafnia Limited: Acquisition of an additional 1.7 million TORM shares

Hafnia Limited has agreed to acquire 1,700,000 A shares in TORM plc at a price per share of USD 34.00, representing 1.66% of the...

2020 Bulkers – Contemplated private placement

Reference is made to the stock exchange announcement made by 2020 Bulkers Ltd on 16 September 2026, where the Company announced a letter of...

MSC said in talks to buy German state-held Meyer Werft stake

MSC Mediterranean Shipping Co. is in talks to acquire the roughly 80% stake in German cruise-ship builder Meyer Werft GmbH held by the federal...

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...

V.Group names new CEO

V.Group has appointed Shubpreet Singh as chief executive of V.Ships. Singh succeeds Robert Desai,...

Shipping magnate worth $13.5 billion rides AI boom with Nvidia

Maria Angelicoussis, the magnate behind Greece’s biggest shipping fortune, has scored big gains outside...

PIL announces planned leadership succession: Wan Chee Foong appointed Deputy CEO, to succeed Lars...

The Board of Directors of Pacific International Lines (PIL) announced the appointment of Mr...

ABS and lomarlabs team up to accelerate early-stage, innovative solutions for global shipping

ABS and lomarlabs have signed a Master Research Collaboration Agreement (MRCA) to explore innovative...

Celestyal launches 190 new winter Mediterranean shore excursions

Celestyal has unveiled its shore excursion programme for its new winter Eastern and Western...

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...