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Europe Steps Up Defense of Energy Assets

Norway’s armed forces stepped up patrols of the country’s energy facilities and NATO allies rushed to offer help, as the sabotage of key gas...

Performance Shipping Announces Agreement to Acquire 8th Aframax Vessel

Performance Shipping announced that it has signed, through a separate wholly-owned subsidiary, a Memorandum of Agreement to purchase the M/T Phoenix Beacon, a 105,525...

Low river levels, soaring barge freight curb U.S. grain exports

Numerous barges have run aground on the lower Mississippi River and grain barge shipping rates are soaring to historic highs this week, as drought...

Gibson Weekly Tanker Market Report [W39]

With the global economic picture continuing to be dominated by bearish sentiment, and oil prices falling to lows not seen since the start of...

Oil could slow declines as supply risks return to fore

A recent oil price decline could slow in the last quarter of the year and into 2023 as focus shifts from concerns over a...

Nordic American Tankers sells 2003-built suezmax tanker

Nordic American Tankers (NAT) announced on Thursday a sales agreement for a 2003-built suezmax tanker: Today we have entered into a sales agreement for a...

Maersk CEO see ‘modest’ pick-up in trade for holiday season

A.P. Moller-Maersk’s chief executive said on Thursday he expects a “modest” pick-up in trade for the upcoming holidays this year amid concerns about the...

Cheniere’s LNG Facility Adds Third Dock to Boost Export Capabilities

Cheniere Energy Inc., the largest US exporter of liquefied natural gas, is preparing to add shipping capacity at its Louisiana terminal that will help...

Iron ore climbs on China construction support, restocking

Iron ore futures rose on Thursday, with the Dalian benchmark contract touching a two-week high, underpinned by increased construction activity in top steel producer...

OPEC+ has begun talks on output cut at Oct. 5 meeting – OPEC source

Leading OPEC+ members have begun discussions about an oil output cut at the group’s next meeting on Oct. 5, three sources told Reuters. One...

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Nakilat achieves QAR 1.29 billion net profit for the third quarter of 2026

Qatar Gas Transport Company Q.P.S.C. (Nakilat) announced its consolidated financial results for the third quarter of 2026 ended 30 September 2026, with a net...

Navios Maritime Partners remains focused on investment

Navios Maritime Partners, controlled by Angeliki Frangou, is focusing on disciplined capital allocation, fleet diversification and maintaining a strong balance sheet in a shipping...

Capital Tankers announces successful delivery of dual fuel suezmax tanker & new financing arrangements

Capital Tankers, an international shipping company focused on crude oil transportation, provided an update on its fleet and financing status. Delivery of Dual Fuel Suezmax...

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.

Trump’s plan to revive sanctioned tankers faces tough sell

A US plan to rehabilitate sanctioned tankers to boost oil supply may attract only...

Hormuz could be ‘redundant’ in five years, replaced by new routes, HSBC CEO says

Investment in alternative logistics routes in the Gulf to mitigate the impact of ​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...

MPA and China classification society strengthen partnership for a greener, smarter maritime future

The Maritime and Port Authority of Singapore (MPA) and the China Classification Society (CCS) have renewed their Memorandum of Understanding (MOU) to strengthen collaboration...

AD Ports Progressing in Reducing Emissions Intensity of Operations

AD Ports Group announced the release of its 2025 Sustainability Report, in which it highlights significant progress in its decarbonisation plans, including a 6%...

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...