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Hyundai Heavy Industries to reopen Gunsan shipyard on surging orders

Hyundai Heavy Industries (HHI) has decided to resume the operation of its shipyard on a 1.8 million square meters area of land in Gunsan,...

Britain’s BP says to exit stake in Russian oil giant Rosneft

BP is abandoning its stake in Russian oil giant Rosneft in an abrupt and costly end to three decades of operating in the energy-rich...

Suez Canal To Increase Tolls Effective March 1

Egypt’s Suez Canal Authority said it will be increasing canal tolls by up to 10% for laden and ballast vessels, effective March 1. The decision...

Diana Shipping Reports 2021 Net Income of $57.4 Million

Diana Shipping, a global shipping company specializing in the ownership of dry bulk vessels, reported net income of $41.1 million and net income attributed...

Performance Shipping Reports Q4 Loss

Performance Shipping Inc., a global shipping company specializing in the ownership of tanker vessels, reported a net loss from continuing and discontinued operations attributable...

Drewry: Container Port Throughput Index Hits Lowest Point Since February

Drewry’s latest assessment – February 2022 • In December 2021, the Global Port throughput index recorded 135.1 points , its lowest since February 2021 and...

Grain exporters tap EU supplies as war shuts Ukraine ports – traders

Grain exporters are looking for alternative sources of wheat and corn as a Russian invasion cuts off Ukrainian supplies, with European Union producers Romania...

All-inclusive rates stable as market awaits new direction

All-inclusive container shipping rates from North Asia to North America held steady in the week to Feb. 25, but shipping lines were more bullish...

Gibson Weekly Tanker Market Report [W08]

Yesterday’s sudden invasion of Ukraine will have major ramifications, not just for the energy markets, but also for the security of Europe...

Norden expands into port logistics

NORDEN has entered port logistics, signing a major contract with mining company Comilog - a subsidiary of French metallurgical group Eramet. Over the 10-year agreement,...

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Seaspan Becomes First International Ship Owner & Operator to Access China’s Panda Bond Market

Seaspan, a leading independent maritime asset owner and operator, is pleased to announce the successful issuance of a RMB 1.5 billion Panda Bond in...

DHT Holdings Announces Record Second Quarter 2026 Results

DHT Holdings announced its results for the quarter ended June 30, 2026.

Dorian LPG posts record profit

Dorian LPG Ltd. (NYSE: LPG) (the “Company,” “Dorian LPG,” “we,” “us,” and “our”), a leading owner and operator of modern very large gas carriers...

Star Bulk Carriers Reports Strongest Quarterly Results Since Second Quarter Of 2022

Star Bulk Carriers announced its unaudited financial and operating results for the second quarter of 2026.

Genco Announces Q2 2026 Financial Results; Declares Dividend of $0.80 per Share for Q2 2026

Genco Shipping & Trading Limited (NYSE:GNK) (“Genco” or the “Company”), the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, reported...

Shipping Industry Sees Major Obstacles to Iran’s Hormuz Control Plan

A proposed deal between Iran and Oman that would give Tehran control over ships...

UK continues crackdown on Russia with tough new sanctions

Russian banks, shadow fleet ships and shady businesses have been slapped with UK sanctions...

Panama Canal Announces New Draft Adjustments for Neopanamax Locks

The Panama Canal Authority announced, through a notice to shipping companies, that effective August...

Iran Says Hormuz Shipping Route Announcement With Oman Nears

Iran and Oman have reached an understanding on the geographic coordinates for a shipping...

Yemen’s Houthis Deny Plans To Impose Fees On Ships Sailing Through Red Sea

Yemen’s Houthi-run maritime coordination body denied on Saturday that it planned to impose fees...

DP World Expands Cold Chain Capabilities With New €48m Antwerp Hub

DP World will build a new temperature-controlled logistics hub in the Port of Antwerp. The project begins with an initial investment of EUR 48...

Port of Klaipėda delivers strong performance in 1H2026

The Port of Klaipėda delivered a strong performance in the first half of the year, demonstrating resilience in a changing market environment and further...

DP World Accelerates Port Decarbonization in Chile

DP World is expanding the electrification of its port operations in Chile with the introduction of seven 100% electric Internal Transfer Vehicles (ITVs) and...

Piraeus container traffic remains resilient despite Red Sea shipping disruptions

Container traffic at the Port of Piraeus remained resilient in the first half of 2026 despite mounting disruption to global shipping caused by the...

Port of Long Beach, MARAD agree to test nuclear-powered vessels

The U.S. Department of Transportation’s Maritime Administration (MARAD) today joined leaders from California’s Port of Long Beach to celebrate a new partnership focused on...