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Port of Oakland container volumes rise 11.4% on year in 1H21

Container volumes handled by the Port of Oakland in the first six months of 2021 increased by 11.4% over the same period last year...

Gibson Weekly Tanker Market Report [W28]

VLCC spot earnings averaged just $500/day on the benchmark TD3C trade during the 1st half of this year on slow steaming, non scrubber, non...

China’s shipbuilding industry sees strong growth in H1

China’s shipbuilding industry registered strong growth during the first half of the year, official data shows. The industry completed the construction of ships totaling over...

OPEC+ agrees oil supply boost after UAE wins argument with Saudi

OPEC+ ministers agreed on Sunday to boost oil supply from August to cool prices which have climbed to 2-1/2 year highs as the global...

Cosco Shipping Orders 10 Containerships for USD 1.5 Billion

Cosco Shipping Holdings Co. Ltd. has placed a $1.5 billion order for 10 large containerships. The ships will be built at affiliated shipyard, Cosco Shipping...

Canada to Allow Return of Cruise Ships in November

Canada will allow cruise ships back into its waters starting in November as the COVID-19 pandemic fades, but they must fully comply with public...

Container Rates to U.S. Top $10,000 as Shipping Crunch Tightens

Container shipping rates from Asia to the U.S. and Europe increased to new record levels over the past week, ensuring transportation costs will stay...

Brent crude oil price forecast to average $72/barrel in 2H21

In the July Short-Term Energy Outlook (STEO), we forecast the Brent crude oil price will average $72 per barrel (b) in the second half...

Milaha Sees Increase in 1H2021 Net Profit

Qatar Navigation (Milaha) Q.P.S.C. announced its financial results for the six months ended June 30, 2021. Key financial highlights: • Operating revenues of QAR 1.37 billion...

Panama Canal Authority extends east lane maintenance

The Panama Canal Authority has extended for the second time ongoing maintenance on the waterway’s east lane at the Gatun Locks through July 17,...

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Mercuria Energy Trading SA successfully Closes USD 3.84 billion Multi-Currency Revolving Credit Facilities

Mercuria Energy Trading S.A announced the successful closing of its USD 3.84 billion Multicurrency Revolving Credit Facilities. The Facilities comprise a new 1-year Multicurrency Revolving...

Diana Shipping Inc. announces extension of financing to support acquisition of all outstanding shares of Genco Shipping & Trading

Diana Shipping Inc., a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels that is the largest shareholder of...

A.P. Moller – Maersk Interim Report 2026

A.P. Moller - Maersk delivered EBITDA and EBIT of USD 1.8bn and USD 340m, respectively, down on the previous year. These results came on...

Navios Maritime Partners highlights strong bond market performance

Navios Maritime Partners, controlled by shipowner Angeliki Frangou, took part in Pareto Securities’ Greek Shipping Capital Markets Seminar, outlining its views on shipping, capital...

Maerks released its Interim Report for the 1st Quarter 2026

A.P. Moller - Maersk delivered EBITDA and EBIT of USD 1.8bn and USD 340m, respectively, down on the previous year. These results came on...

MSC Cruises sees LNG as a bridge fuel in cruise’s energy transition

The cruise industry’s energy transition will pass through LNG, but not as a final...

US and Iran enter technical talks to secure peace deal, shipping restart

The U.S. and Iran held indirect technical talks in Doha on Wednesday as they...

CMA CGM to buy FedEx third-party logistics arm for $1.4 billion

CMA CGM has agreed to buy FedEx's third-party logistics business for an enterprise ​value...

NAPA and Samsung Heavy Industries partner to advance fuel-efficient ship design and operations

NAPA, the global provider of maritime software and data services, has signed a Memorandum...

Hormuz traffic climbs as supertankers sail into Persian Gulf

Traffic through the Strait of Hormuz picked up for the first time since Iran’s...

PPA S.A.: Gross dividend of 1.896 euros per share approved

The Piraeus Port Authority (PPA) successfully held its Annual General Meeting of Shareholders, in accordance with the applicable procedures, with shareholders representing 83.40% of...

Hanseatic Global Terminals plans to acquire 20% stake in Eurogate Container Terminal Hamburg

Hanseatic Global Terminals (HGT) signed a term sheet outlining the key conditions for the intended acquisition of a 20% stake in Eurogate Container Terminal...

MSC to acquire 49% stake in Adani’s Vizhinjam port

Mediterranean Shipping Company (MSC) Group, the world’s largest container shipping company, will buy a 49% stake in Adani Group’s Vizhinjam International Seaport in Kerala...

Asyad Group and CMA CGM Group Initiate Strategic Partnership to enhance maritime connectivity and new regional trade corridors through a multipurpose logistics terminal in...

Asyad Group, Oman’s global integrated logistics provider, and CMA CGM Group, a global player in sea, land, air and logistics solutions, headquartered in France,...

AD Ports Group and Emirates Global Aluminium Expand ‎Long-Term Partnership Through New AED 84 Million ‎Infrastructure Development at Khalifa Port

AD Ports Group, a leading global ‎enabler of integrated trade, industry and logistics solutions, and Emirates Global ‎Aluminium (EGA), the largest premium aluminium producer...