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Baltic index hits two-week high on firm capesize, panamax demand

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, rose to a two-week high on Thursday, supported by...

Harim forms consortium with JKL Partners for HMM acquisition

Harim Group, one of South Korea’s biggest agri-food companies, will form a consortium with a mid-size private equity fund JKL Partners Inc. for the...

Safe Bulkers Reports Second Quarter 2023 Results

Safe Bulkers announced its unaudited financial results for the three and six month periods ended June 30, 2023. The Board of Directors of the...

Drought-hit Panama Canal restricts daily crossings in water-saving move

The Panama Canal will extend restrictions on ships’ maximum depth, it said on Tuesday, and it has limited average crossings at one of the...

Rio Tinto H1 profit falls 34% on easing iron ore prices

Rio Tinto reported a near 34% drop in first-half underlying earnings and slashed its interim dividend on Wednesday, as easing iron ore prices offset...

Baltic index logs best day in nearly 5 months on capesize strength

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, on Wednesday posted its biggest single-day gain since March,...

Euroseas: New charters for its two 4,250 TEU containerships

Euroseas announced a mutual agreement to terminate the current charters for its container vessels M/V Rena P and M/V Emmanuel P, while concurrently fixing...

NYK Bulkship (Atlantic) to introduce NYK Group’s first wind-assisted ship-propulsion unit

NYK Bulkship (Atlantic) N.V., an NYK Group company, will introduce a wind-assisted ship-propulsion unit on a bulk carrier engaged in a long-term charter contract...

newcleo, Fincantieri, RINA working on feasibility study for nuclear naval propulsion

newcleo, the clean and safe nuclear technology company developing innovative Generation IV reactors using nuclear waste as fuel, announced today that it has signed...

Europe Gas Rises With Supply Risks as LNG Cargoes Idle at Sea

Liquefied natural gas stored on ships jumped to its highest level since May in a sign that weak demand and high inventories in Europe...

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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...