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Strong rates across vessels propel Baltic index to 12-year peak

Strong rates across dry bulk vessel segments drove the Baltic Exchange’s main sea freight index to their highest since 2009 on Thursday. The overall index,...

Record volumes push US container ports up in global rankings: Alphaliner

The busiest US container ports are moving up the global rankings amid record import volumes, but the deluge of cargoes continues to exceed capacity...

Maersk invests in electrofuels startup

A minority investment in Prometheus Fuels will support A.P. Moller – Maersk’s work to execute on the strategy to decarbonise marine operations. Maersk expects several...

Strong domestic demand sees US oil product imports growing

Recovering demand for US oil products has caused a 25.9% rise in US seaborne imports of oil products in the first seven months of...

Grindrod Shipping Announces Pricing of Secondary Offering of Ordinary Shares

Grindrod Shipping, a global provider of maritime transportation services predominately in the drybulk sector, announced the pricing of the previously announced underwritten public secondary...

Castor Maritime: New Charter Agreements & Delivery of the M/V Magic Mars

Castor Maritime, a diversified global shipping company, announced that on September 20, 2021, it took delivery of M/V Magic Mars, the 2014 Korean-built Panamax...

Safe Bulkers Announces Sale of Kamsarmax Vessel

Safe Bulkers, an international provider of marine drybulk transportation services, announced that it has entered into an agreement for the sale of MV Pedhoulas...

U.S. Energy Exports Show First Surplus Since at Least the 1970s

Trade deficits have been a stubborn feature of the U.S. economy for decades now, but energy has started to buck that trend, helped by...

Baltic index hits 12-year peak on firmer vessels rates

The Baltic Exchange’s main dry bulk sea freight index rose for a fourth straight session on Wednesday to a 12-year high, buoyed by higher...

Wärtsilä, SHI agree to collaborate on ammonia fuelled engines for future newbuilds

The technology group Wärtsilä and the Korean shipbuilding company Samsung Heavy Industries (SHI) have signed a joint development programme (JDP) agreement aimed at developing...

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Hafnia Limited: Acquisition of an additional 1.7 million TORM shares

Hafnia Limited has agreed to acquire 1,700,000 A shares in TORM plc at a price per share of USD 34.00, representing 1.66% of the...

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...

At UN, 80 countries demand reopening of Hormuz, condemn Iran, Houthi attacks

Some 80 countries demanded the urgent reopening of ​the Strait of Hormuz on Thursday...

V.Group names new CEO

V.Group has appointed Shubpreet Singh as chief executive of V.Ships. Singh succeeds Robert Desai,...

Shipping magnate worth $13.5 billion rides AI boom with Nvidia

Maria Angelicoussis, the magnate behind Greece’s biggest shipping fortune, has scored big gains outside...

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...

Piraeus Chamber of Commerce: More value created by shipping to flow into the city’s economy

Piraeus is not only home to Greece’s largest port, but also the historic heart of Greek shipping and one of the world’s major maritime...

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...