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Jinhui Shipping sells oldest bulker in $8mln deal

The Board of Jinhui Shipping and Transportation Limited announced that a wholly-owned subsidiary of the Company entered into a memorandum of agreement on 20...

Toro Announces Sale of M/T Wonder Formosa & M/T Wonder Vega

Toro, an international energy transportation services company, announced that on September 1, 2023 and September 5, 2023 respectively, the Company entered into two separate...

Trafigura announces executive leadership changes

Trafigura Group Pte Ltd. has announced an evolution of its executive team to further strengthen leadership and focus across its global activities during a...

Woori, HMM, KOBC to buy Polaris in prospective $448 mln deal – report

Polaris Shipping Co. is poised to sell its entire stake at around 600 billion won ($447.5 million) to Woori Private Equity Asset Management Co....

Aker BP May Explore for Seabed Minerals

Norway’s second-largest listed oil and gas company, Aker BP, said it would consider applying for licenses to mine minerals from the seabed if parliament...

Latsco orders bulkers in Japan

Latsco has reportedly contracted three 64,000 DWT ultramax bulk carriers at Oshima Shipbuilding, Japan. The vessels will be managed by MARLA Shipmanagement INC. Following the...

Baltic index rises for 11th straight session on strong vessel rates

The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, rose for the11th consecutive session on Wednesday, supported...

The elite of the Shipping Industry meets at the “Maritime Cyprus 2023” Conference

The main theme of this year’s Conference is “Shipping in Action: An agenda for Change”, where several high calibre speakers and panelists have been...

Argentina: TotalEnergies Hires Jack-up Rig for Fénix Project

Noble Corp. has won a contract with TotalEnergies, to redeploy the harsh-environment jackup rig Noble Regina Allen for the drilling of three horizontal wells...

MISC sells two LNG carriers to Nissen Kaiun in sale and leaseback deal

MISC Berhad (MISC) has entered into a new partnership agreement with Japanese ship owner, Nissen Kaiun Co., Ltd. (Nissen Kaiun) for the sale and...

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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...