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Syria signs new 30-year deal with French shipping giant CMA CGM

Syria on Thursday signed a 30-year deal with French shipping and logistics group CMA CGM that includes building a new berth at Latakia...
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CMA CGM: First global liner to run Indian-flagged vessel

CMA CGM is the first major foreign shipping company to register its vessel in India. Specifically, earlier this week, the French liner announced that containership...
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CSSC Trading, SWS, and SEASPAN sign contract for 6 containerships

China State Shipbuilding Trading Corporation, a subsidiary of China State Shipbuilding Corporation Limited, joined forces with Shanghai Waigaoqiao Shipbuilding Co., Ltd. and SEASPAN Group...
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OOCL strikes USD 3.08 billion deal for 14 large containership newbuildings

Orient Overseas (International) Limited (OOCL) has ordered fourteen new containerships equipped with methanol dual-fuel engines. More specifically, the contracts are worth approximately USD 3.08 billion,...
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Sea Consortium orders boxship pair at Hyundai Mipo

According to a Clarksons Research report, Sea Consortium is said to have ordered a pair of 2,800 TEU boxships at Hyundai Mipo in South...
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French CMA CGM to acquire Turkish Borusan’s logistics subsidiary in $440 million deal

French shipping giant CMA CGM's subsidiary CEVA Corporate Services has signed a deal to acquire Turkish conglomerate Borusan's, opens new tab logistics arm, Borusan...
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Hapag-Lloyd says 30% of China’s U.S. bound shipments have been canceled

Customers of Hapag-Lloyd have canceled 30% of shipments to the United States from China, spooked by the trade conflict between the two economic super...
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Danaos Corporation announces upsizing of its share repurchase program by an additional $100 million

Danaos Corporation announced that its Board of Directors has approved the upsizing of its common stock repurchase program by an additional $100 million. The Company...
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Tariff turbulence tests container markets, but spot rates hold firm

Despite the huge uncertainty US tariffs have injected into container supply chains, and its potentially schizophrenic effect on demand, spot freight rates this week...
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Sealead expands in Spain with new entity and managing director

SeaLead, a fast-growing global shipping line, has strengthened its presence in Europe with the establishment of its own entity in Spain, marking a significant...
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Castor Maritime Reports Fourth Quarter and Full Year Results for 2024

Castor Maritime, a diversified global shipping and energy company, today announced its results for the three months and year ended December 31, 2024. Highlights of...

HHLA starts new financial year with strong revenue and earnings

Despite the continually weak German economy, geopolitical tensions – notably the war in Ukraine and the escalating situation in the Middle East – as...

Star Bulk carriers reports net profit of $0.5 million for the first quarter of 2025, and declares quarterly dividend of $0.05 per share

Star Bulk Carriers a global shipping company focusing on the transportation of dry bulk cargoes, announced its unaudited financial and operating results for the...

SFL posts USD 31.9 million net loss in Q1

SFL Corporation announced its preliminary financial results for the quarter ended March 31, 2025. Highlights 85th consecutive quarterly dividend declared, $0.27 per share Net loss of $31.9 million,...

Ocean Yield maintains solid profitability in Q1

Ocean Yield announced results for the first quarter 2025. Highlights EBITDA for Q1 2025 was USD 51.4 million and Adjusted EBITDA was USD 91.6 million. Net profit...

Denmark first to launch data-driven remote pilotage

With approval from the Danish Emergency Management Agency, DanPilot and Danelec are now initiating...

Baltic Index Hits Over 1-Week Peak On Higher Capesize Vessel Rates

The Baltic Exchange’s dry bulk sea freight index, which measures shipping rates for vessels...

Paul Pathy of Fednav elected BIMCO President

BIMCO has elected Paul Pathy, President & CEO of Canada’s largest dry bulk shipping...

EU agrees new sanctions on Russia and threatens more if Putin refuses ceasefire

The European Union has agreed to impose a new round of sanctions against Russia,...

Baltic Index extends declines on lower capesize, panamax rates

The Baltic Exchange’s dry bulk sea freight index, which measures shipping rates for vessels...

Port of Long Beach Busiest in U.S. through First Quarter

Coming off its best first quarter on record, the Port of Long Beach is the nation’s busiest port through the first three months of...

PPA: Revenue and profits climbed to new highs for the company–An increase in the proposed dividend by 43.7%

PPA S.A. presented the financial results for the fiscal year 2024 to the Union of Institutional Investors at the Athens Stock Exchange. The presentation...

AD Ports Group moves to expand presence in Kazakhstan with plans to develop a multipurpose terminal, expand fleet in the Caspian Sea region and...

AD Ports Group, an enabler of integrated trade, transport and logistics solutions, today announced the signing and exchange of a number of diverse agreements...

MSC maintains its investment focus on Greek cruising and ports

The Mediterranean Shipping Company Group insists on Greek destinations in the cruise sector, despite the fact that it openly expresses its objections to the...

DP World signs agreement to launch $760M port and free trade zone in Dominican Republic

DP World has signed a landmark US$760 million Memorandum of Understanding (MoU) with the government of the Dominican Republic to expand the Port of...

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