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Noble selling five jackup rigs to Shelf Drilling

Noble announced that it has entered into an asset purchase agreement to sell five jackup rigs for $375 million to a newly formed subsidiary...

Seanergy Acquires Modern Capesize Vessel with Immediate Delivery & Direct Commencement of Period Charter

Seanergy announced that it has agreed to acquire a modern Capesize vessel from a major Japanese company. The Vessel is intended to substitute the...

Shipping Costs Soar as Russian Fallout Upends Fuel Flows

The dislocation of global fuel markets after Russia’s invasion of Ukraine has boosted the cost of shipping products such as diesel by sea. Rates to...

China delivers world’s largest containership

The world’s largest container ship, built by China State Shipbuilding Corporation, can carry 24,000 twenty-foot equivalent unit (TEU) containers, and was handed over in...

Chinese soymeal plunges 6% for biggest drop in nearly 10 years

China’s soybean meal and soyoil futures plunged on Thursday, catching up with fall in the overseas markets. The most active soybean meal futures on...

Capesize gains buoy Baltic sea freight index

The Baltic Exchange’s main sea freight index edged up on Thursday, as stronger rates for capesize vessels overshadowed declines in the panamax and supramax...

Safe Bulkers Announces Common Stock Repurchase Program

Safe Bulkers announced that it has authorized a program under which it may from time to time in the future purchase up to 5,000,000...

Russian Oil Tankers Get India Safety Cover via Dubai Company

India is providing safety certification for dozens of ships managed by a subsidiary of top Russian shipping group Sovcomflot, official data showed, enabling oil...

Wärtsilä and Stena to build the world’s largest hybrid vessels

The technology group Wärtsilä will supply its hybrid propulsion system for three new RoPax vessel currently built for Stena RoRo, Europe´s largest ferry company....

Samsung Heavy Industries Wins Orders for 14 LNG Carriers

Samsung Heavy Industries announced on June 22 that it has won orders for 12 174,000-cubic-meter LNG carriers from a client in Bermuda. The contract...

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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.

Panama Canal reports growth in transits and tonnage in fiscal year 2026

The Panama Canal recorded growth in both vessel transits and tonnage in Fiscal Year...

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...

CPP Investments and OMERS reach agreement to sell entire stakes in associated British Ports to a fund managed by IFM Investors

Canada Pension Plan Investment Board and OMERS today announced they have agreed to terms with a fund managed by IFM Investors to sell each...

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...