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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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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...