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Tuesday, January 21, 2025
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Hapag-Lloyd achieves good result in first three quarters of 2024

Hapag-Lloyd concluded the first nine months of 2024 with a Group EBITDA of USD 3.6 billion (EUR 3.3 billion). The Group EBIT stood at...

HMM achieves quarterly operating profit of 1 trillion won

HMM has returned to the 1 trillion won quarterly operating profit club after seven quarters, benefiting from increased cargo volume and rising sea freight...

Danaos adds $300 million to contracted charter backlog

Danaos Corporation, one of the world's largest independent owners of container vessels and drybulk vessels, reported unaudited results for the period ended September 30,...

Euroseas: Charter Contract Extensions for Two 2,500 teu Feeder Containerships

Euroseas announced new time charter contracts for its 2001-built 2,556 teu feeder containerships, EM Corfu and Evridiki G, in direct continuation of their existing...

GSL sees quarterly profits edge higher

Global Ship Lease, an owner of containerships, announced its unaudited results for the three and nine months ended September 30, 2024. Third Quarter of 2024...

CMA CGM delivers “solid performances” in third quarter

The Board of Directors of the CMA CGM Group met under the chairmanship of Rodolphe Saadé, Chairman and Chief Executive Officer, to review the...

Hapag-Lloyd orders 24 new container ships

Hapag-Lloyd has signed two contracts with two Chinese shipyards for a total of 24 new container ships. Of these, 12 newbuildings – each with...

ONE announces financial results for FY2024 2nd quarter

Ocean Network Express (ONE) released the financial result for FY2024 2nd Quarter. The revenue for FY2024 2nd quarter was US$5,864million, up 65% from the...

Matson announces third quarter 2024 results

Matson, a leading U.S. carrier in the Pacific, today reported net income of $199.1 million, or $5.89 per diluted share, for the quarter ended September 30, 2024.  Net...

Maersk signs long-term methanol sourcing deal with LONGi

A.P. Moller - Maersk entered into a long-term bio-methanol offtake agreement with LONGi Green Energy Technology Co., Ltd. The agreement will contribute to lowering...

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Testing giants Bureau Veritas and SGS in merger talks

France's Bureau Veritas, opens new tab and Switzerland's SGS (SGSN.S), opens new tab are in merger talks to create a testing and certification giant...

DHT Holdings announces business update

DHT Holdings provides the following business update: “For the fourth quarter of 2024, the Company estimates time charter equivalent earnings for its fleet at $38,800...

Scorpio Tankers announces fixed income investor meetings

Scorpio Tankers through its Norwegian investment banks, will arrange a series of fixed income investor calls commencing on January 13, 2025. A five-year USD...

West fully acquires Nordic Marine Insurance

West announced the full acquisition of Nordic Marine Insurance, a leading provider of fixed premium insurance for the marine industry, specialising in Delay Insurance,...

BW LPG: Kristian Sorensen boosts shareholding

Kristian Sørensen, Chief Executive Officer has purchased 1,000 shares in BW LPG Limited on 19 December 2024 at a price of NOK 115 per...

Tsakos Group is the largest duel fuel ship operator in the world

The Tsakos Group has become the largest shipping company with dual fuel ships and...

Houthi rebels to halt military operations against most ships in Red Sea: sources

Houthi rebels have said they will halt their military operations against most ships in...

Baltic index falls to 19-month low on weaker vessel rates

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

George Alexandratos to lead Hellenic Chamber of Shipping

George Alexandratos will succeed George Pateras at the helm of the Hellenic Chamber of...

Maritime sources expect Houthis to halt Red Sea attacks after Gaza deal

Maritime security officials said, on Thursday, they were expecting Yemen’s Houthi fighters to announce...

AD Ports Group expands cooperation with Kazakh Partners

Noatum Maritime, the Maritime & Shipping arm of AD Ports Group, a leading facilitator of global trade, logistics, and industry, has strengthened its collaboration...

PPA S.A: MSC Cruise sailings started at the Port of Piraeus, a leading homeport cruise port in the Mediterranean

The Management of PPA S.A. welcomed the MSC Sinfonia to the port of Piraeus for 2025, hosting a special event where PPA’s DCEO, Cpt....

Wallenius Wilhelmsen wins terminal contract in Gothenburg

Wallenius Wilhelmsen is taking a strategic step to expand its logistics services by taking over the terminal operations in Gothenburg, Sweden. “It amplifies our operational...

ThPA: A new chapter with the entry of Margarita Louis-Dreyfus

LeonidsPort B.V. of the French Louis-Dreyfus family, whose homonymous business group (LDC) is one of the world’s largest agri-food trading and processing groups, intends...

PPA S.A.: First cruise ship of the year sails at the Port of Piraeus – Historical cruise passenger record

 PPA S.A. welcomed the Viking Saturn, the first cruise ship of the new year, to the Port of Piraeus through a special ceremony that included...