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Five S. Korean Companies Vie to Take Over HMM – report

Five South Korean corporations have shown an interest in taking over flagship carrier HMM. State-controlled finance institutions Korea Development Bank (KDB) and Korea Ocean Business...

Expanding Danaos posts strong financial results

Danaos, one of the world’s largest independent owners of containerships, reported unaudited results for the period ended June 30, 2023. Highlights for the Second Quarter...

Performance Shipping enters new revolving credit facility with Nordea Bank

Performance Shipping announced that it has successfully refinanced its existing loan facility dated July 24, 2019, by entering into an agreement for a Revolving...

Euroseas announces new charters for two 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...

Torm looking at methanol, ammonia as pathway to decarbonization

After installing scrubbers on majority of its fleet to tackle sulfur emissions in response to the International Maritime Organization’s global low sulfur mandate, product...

Baltic index up for 3rd day on firm rates for larger vessels

The Baltic Exchange’s main sea freight index .BADI rose for a third straight session on Monday, buoyed by an uptick in capesize and panamax...

GasLog agrees time-charters for two LNG carriers

GasLog has agreed a time-charter deal with Pioneer Shipping Limited, a wholly owned subsidiary of Centrica, for the GasLog Sydney, a tri-fuel diesel electric...

Genco Announces Q2 2023 Financial Results

Genco, the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, reported its financial results for the three months and six...

Suez Canal Tugboat Sinks After Collision With Tanker

A Suez Canal tugboat sank on Saturday and one of its crew was missing after it collided with a Hong Kong-flagged LPG tanker though...

Concordia Maritime: Agreement regarding the sale of 2 product tankers

Concordia Maritime has entered into an agreement for the sale of the product tankers Stena Premium and Stena Progress. The sale will generate a...

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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...