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Intermodal Weekly Market Report [W25]

Anticipations are high that the current downward momentum in the market will be reversed by the recovery of Chinese demand, however, when we examine...

Baltic index extends losses as demand for larger vessels wanes

The Baltic Exchange’s main sea freight index recorded its biggest daily percentage decline in nearly a month on Tuesday as demand for larger vessels...

Carnival Reports 2Q2023 Earnings; Sets Sights On 2026 Sea Change Program

Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) reports second quarter 2023 earnings and sets sights on 2026 SEA Change Program. U.S. GAAP net loss...

Danaos Delivers Letter to Eagle Bulk Board of Directors

Danaos, one of the world’s largest independent owners of containerships and the largest shareholder of Eagle Bulk with ownership of approximately 16.7% of the...

Maersk orders six methanol powered vessels

A.P. Moller – Maersk (Maersk) has made an order of six mid-sized container vessels – all having dual-fuel engines able to operate on green1...

China’s shipbuilding industry sees vessel orders surge

China’s shipbuilding industry saw new vessel orders surge 49.5 percent year-on-year in the first five months of 2023, official data showed. New orders, a major...

IMO chief urges decisive action at environment talks

Countries must take decisive action at talks aimed at accelerating decarbonisation in the shipping industry, the United Nations’ shipping agency chief said on Monday,...

Baltic index snaps four-day winning streak on lower vessel rates

The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, declined on Monday after four sessions of gains...

Pelagic Partners buys handysize bulk carrier

Pelagic Partners has reportedly acquired 38,000 dwt handysize bulk carrier UBC Houston (2015). The shipping firm has taken delivery of the Chinese-built vessel which has...

Yangzijiang wins order for three combination carriers

Yangzijiang Shipbuilding (Holdings) has won a contract from a repeat customer, Klaveness Combination Carriers, to build three 83,300 dwt so-called combination carriers for delivery...

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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...

Celestyal announces new onboard offering for Western Mediterranean sailings

Celestyal has unveiled a new onboard programme for Celestyal Discovery’s first dedicated Western Mediterranean...

Greece and Japan enhance maritime cooperation

Minister of Maritime Affairs and Insular Policy Vassilis Kikilias held a series of meetings...

Iran’s guards say two tankers hit mines in Strait of Hormuz

Iran’s Revolutionary Guards Navy said on Saturday that two oil tankers had caught fire...

Iran urges US to accept proposal to reopen Strait Of Hormuz

Iran’s offer to the United States to reopen the Strait of Hormuz within seven...

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...

Container throughput at Piraeus’ Terminals II and III rises 15.3% in September

Container throughput at Terminals II and III at the port of Piraeus rose by 15.3% in September, despite many containerships continuing to divert around...

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,...