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Shanghai port rebounds as lockdown loosens but backlog remains

Daily operations at Shanghai’s port have almost fully recovered from the effects of the city’s Covid-19 lockdown, though the backlog from disruptions to the...

Costamare: Closing of $500 Million Syndicated Loan Facility

Costamare announced the closing of a 5-year syndicated loan facility for an amount of up to $500 million. Proceeds from the loan will be...

MISC Posts Strong Financial Results in First Quarter

MISC announced its financial results for the first quarter ended 31 March 2022. Financial Highlights: •Group revenue and operating profit for the quarter ended 31 March...

Golar LNG Reports Q1 Financial Results

Golar LNG Ltd. (GLNG) on Thursday reported first-quarter net income of $345.2 million. The Hamilton, Bermuda-based company said it had net income of $3.20...

Baltic index dips for 3rd straight session on lower vessel rates

The Baltic Exchange’s main sea freight index extended its decline for the third session in a row on Thursday, dragged by lower rates across...

Höegh LNG Partners LP Reports Q1 Financial Results

Höegh LNG Partners LP reported its financial results for the quarter ended March 31, 2022. Highlights • 100% availability of FSRUs for the first quarter of...

Avance Gas cites positive outlook after strong first quarter

Avance Gas published its first quarter 2022 results.

Höegh LNG Holdings to Acquire All Publicly Held Common Units of Höegh LNG Partners

Höegh LNG Partners LP (NYSE: HMLP) announced that it has entered into a definitive merger agreement with Höegh LNG Holdings Ltd. ("Höegh LNG") pursuant...

Safe Bulkers sees profit rise in first quarter on robust bulker markets

Safe Bulkers announced its unaudited financial results for the three month period ended March 31, 2022. The Board of Directors of the Company also declared...

S. Korea’s shipping stocks survive bear market amid solid shipping rates

South Korea’s shipping stocks are set to resume gains as they recouped most of their earlier losses on anticipated normalization in China after lockdowns....

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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...

TORM announces secondary public offering of its class A common shares by a selling shareholder

TORM plc announced the commencement of a secondary public offering of 9,000,000 of the Company’s Class A common shares by OCM Njord Holdings S.à...

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...

Vessels trickle through Strait of Hormuz as Middle East conflict persists

A total of 17 commodity vessels transited the Strait of Hormuz on the weekend,...

Greek shipping a key pillar of economy, citizens’ daily lives, minister says

The importance of Greek shipping to the economy and citizens’ everyday lives was highlighted...

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...