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Castor Announces $55 Million Debt Financing and New Charter Agreement

Castor Maritime, a diversified global shipping company, announced the closing and drawdown of a $55.0 million senior term loan facility with a European bank,...

Genting Hong Kong Looks to Liquidation as Funding Dries Up

Troubled cruise operator Genting Hong Kong Ltd. warned it may seek court assistance to safeguard its assets, after failing to secure funding to help...

Rio Tinto Sees Soft Iron Ore Shipments in 2022

Rio Tinto forecast slightly weaker-than-expected 2022 iron ore shipments on Tuesday, citing tight labor market conditions and production delays from the new greenfields mine...

Danaos Announces Multi-Year Charters, Vessel Sales Worth $1 Billion

Danaos, one of the world’s largest independent owners of containerships, announced that it has entered into new charter arrangements for 11 of its vessels...

ExxonMobil Makes Pledge for Net Zero GHG Emissions by 2050

Exxon Mobil Corp on Tuesday pledged to cut to zero its net carbon emissions from its global operations by 2050, a step in the...

ZIM: New Chartering Agreement for Three 7,000 TEU LNG Dual-Fuel Container Vessels

ZIM announced a new eight-year charter agreement with a shipping company that is affiliated with Kenon Holdings Ltd., according to which ZIM will charter...

Tanker freight market stares at bleak H1 outlook

The tanker freight markets in Q4 2021 did not fulfil expectations of a historically strong quarter, while stricter measures and lockdowns imposed in several...

Baltic index falls to 11-month low as rates slide across vessels

The Baltic Exchange’s dry bulk sea freight index dropped to an 11-month low on Tuesday, pressured by weaker demand across all vessel segments. The...

After failed merger, Hyundai Heavy secures cash to nurture new growth engines

Hyundai Heavy Industries’ failed acquisition of its smaller rival Daewoo Shipbuilding & Marine Engineering may be a boon for the nation’s largest shipbuilder as...

Maersk Tankers to launch decarbonisation hub

Maersk Tankers is establishing a knowledge hub focusing on decarbonisation. The hub will gather intelligence and create solutions to help shipowners and cargo customers...

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UK P&I Club and TT Club announce the successful completion of their joint acquisition of the Thomas Miller Holdings group

The UK P&I Club and TT Club announced the successful completion of their joint acquisition of the Thomas Miller Holdings group, marking a major...

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...

Seven Yield agrees charter deal for sisterships

Seven Yield has agreed five-year time charters for two pure car and truck carriers...

«Shaping the future of cruise tourism in Greece»: MSC group’s cruise division in Corfu

Representatives of the government, local authorities, port authorities and the tourism industry met on...

Iran’s IRGC Navy says seven vessels hit, warns US of wider response

Iran's Islamic Revolutionary Guard ​Corps Navy said ‌on Thursday that four vessels involved ​in...

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...

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...