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Euroseas to Acquire two 4,250 teu Container Vessels, built in 2005 and 2007

Euroseas, an owner and operator of container vessels and provider of seaborne transportation for containerized cargoes, announced that it has agreed to acquire M/V...

Hapag-Lloyd Raises 2022 View

Hapag-Lloyd AG said Thursday that it is raising its outlook for full-year earnings and reported growth in the first quarter. The German shipping company...

ONE reports $16.8bn profit for past year; says outlook is uncertain

Japanese ocean carrier ONE has reported a record net profit of $16.8bn for its financial year ending 31 March – but for the full-year...

Yang Ming Chief Sees Port Bottlenecks Easing

Port bottlenecks that have increased supply-chain congestion because of the war in Ukraine and lockdowns in China may be showing signs of easing, according...

OOCL Making Aggresive Grab for Asia-Europe Market Share

OOCL’s first-quarter operational numbers not only confirm the unflagging colossal profitability of the liner industry, but also reveal the Hong Kong-based carrier’s aggressive market...

Port Houston nears 1M TEU mark in 1st Quarter of the Year

Container volume at Port Houston in March totaled 308,557 Twenty-Foot Equivalent Units (TEUs). That brings the total for just the first three months of...

Ever Forward container ship refloated after 1 month

A container ship that was stuck in the Chesapeake Bay for over a month has finally been refloated, officials said. The Ever Forward, operated...

China’s widening COVID curbs threaten global supply chain paralysis

China’s race to stop the spread of COVID-19 is clogging highways and ports, stranding workers and shutting countless factories – disruptions that are rippling...

Drewry: World Container Index Down 1.2%

Drewry’s composite World Container Index decreased by 1.2% to $7,945.31 per 40ft container this week. Our detailed assessment for Thursday, 14 April 2022 The composite...

Russia Faces Drop in Cargo Traffic, Container Shortage as Shipping Lines Pull Out

Russia is bracing for a sharp decline in cargo flows and a deficit of containers after major international container shipping lines halted operations in...

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Icon Energy announces listing on Nasdaq and pricing of $5.0 million initial public offering

Icon Energy, an international shipping company that provides worldwide seaborne transportation services for dry bulk cargoes, announced the pricing of its initial public offering...

Gunvor secures US $1.32 billion sustainability-linked syndicated RCF

Gunvor Singapore, a wholly-owned subsidiary of Gunvor Group Ltd, has closed a US $1.2 billion sustainability-linked, syndicated revolving credit facility on 14 June 2024. The...

Stolt-Nielsen limited reports double first half profits compared to previous year

Stolt-Nielsen Limited reported unaudited results for the second quarter and first half ending May 31, 2024. The Company reported a second-quarter net profit of...

TEN declares dividend on its Series F Cumulative Redeemable Perpetual Preferred Shares

TEN a leading diversified crude, product and LNG tanker operator, announced that its Board of Directors declared the regular quarterly cash dividend of approximately...

DOF Group has entered into an agreement to acquire Maersk Supply Service

DOF Group ASA announced that it has entered into an agreement to acquire Maersk Supply Service A/S (“MSS”) to further enhance its position as...

Yemen’s Houthis Conduct Military Operations In Gulf Of Aden

Yemen’s Houthis said on Sunday they had conducted two military operations, one in the...

Baltic index extends gains as rates for smaller vessels rise

The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry...

NYK acquires gas, product tanker and bulker fleet from Eneos Ocean

Nippon Yusen Kabushiki Kaisha agreed to acquire Shipping Business of ENEOS Ocean Corporation from...

Baltic index snaps 5-day losing streak on higher vessel rates

The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry...

Panama Canal expects new water reservoir for ship crossings in 6 years

The Panama Canal expects to complete a billion-dollar construction of a new water reservoir...

Adani to double investment in Transshipment Port to $2.4 billion

Billionaire Gautam Adani’s conglomerate is doubling investment to $2.4 billion in its new mega port in southern India as it seeks to expedite expansion...

Germany: Hamburg port workers on ‘warning strike’ over pay

Workers at the Port of Hamburg stopped work early on Tuesday, with their colleagues at Bremen-Bremerhaven taking the same action several hours later. The trade...

US ports oppose tariff on China-made cranes

US ports are pushing back against the recently proposed 25 percent tariff on Chinese-made ship-to-shore (STS) cranes, warning that the increased costs would have...

EXPLORA I arrives in Piraeus for her maiden call ahead of the eastern mediterranean season

Piraeus Port of Athens welcomed EXPLORA I for her maiden call marking the ship’s debut in the Eastern Mediterranean. The ship is the first...

Marsa Maroc to operate Nador West Med container terminal – The North Africa Post

Marsa Maroc will operate the container terminal at the deep-water port, Nador West Med for 25 years, Moroccan media reported. Marsa Maroc will have to...