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Maersk cutting at least 10,000 jobs as shipping boom unravels

A.P. Moller-Maersk, reported a steep drop in third-quarter profit and revenue on Friday and said it would cut at least 10,000 jobs in the...

Matson performs well in challenging environment

Matson reported net income of $119.9 million, or $3.40 per diluted share, for the quarter ended September 30, 2023.  Net income for the quarter...

Average containership fleet age grows to 14.2 years amid ongoing replenishment

The containership fleet has notched a new record high for average age of 14.2 years — the highest average age of all three primary...

Russia strikes deal with Dubai’s DP World to develop Arctic sea route

Russian nuclear agency Rosatom has set up a joint venture with Dubai’s DP World to develop container shipping through the Arctic as part of...

Hapag-Lloyd, Norsul to launch new JV for cabotage business in Brazil

Hapag-Lloyd and the Brazilian shipping and waterway logistics company Norsul have set up a new joint venture called “Norcoast”. Based on a 50-50 partnership,...

Evergreen declares force majeure on Israel shipment

Taiwanese container shipping line Evergreen has declared force majeure on a shipment to the Israeli port of Ashdod, with its Ever Cozy vessel diverted...

Maersk signs deal with Starlink for its Ocean fleet

A.P. Moller – Maersk, the global leader of integrated container logistics, is embarking on a collaboration with Starlink, the pioneering satellite internet constellation developed...

OOCL reports Q3 revenue drop

Orient Overseas International Limited (OOIL) released its unaudited operational update for OOCL for the third quarter ended on 30 September 2023. For the third quarter...

CMA CGM announces creation of global startup accelerator

CMA CGM Group, a global player in sea, land, air and logistics solutions, will launch ZEBOX UK in Manchester this month. As a founding...

Hapag-Lloyd Christens New Dual-Fuel Mega Containership ‘Berlin Express’

Hapag-Lloyd officially welcomed into its fleet the “Berlin Express”, the first ship of its new Hamburg Express class. At an event attended by some...

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2020 Bulkers – Board resolution to approve the issuance of consideration shares and private placement shares

Reference is made to the stock exchange announcements published by 2020 Bulkers Ltd. in connection with: the Company’s acquisition of AHTS AS (the “AHTS Acquisition“), the...

Capital Maritime Finance launches Greece’s first shipping IPO with exclusive listing on Euronext Athens

Capital Maritime Finance Corp. (CMF) is launching Greece’s first shipping IPO, with all of its shares to be exclusively listed on Euronext Athens. The move...

Carnival Corporation outperforms guidance, delivering best ever revenues, net yields and net income

Carnival Corporation announced financial results for the third quarter 2026 and provided an updated outlook. All-time high net income1 of $1.9 billion with adjusted net...

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...

Eastern Pacific Shipping and SUARDIAZ Group strengthen longstanding partnership with delivery of MV RS...

Eastern Pacific Shipping announced the delivery of MV RS Atlantico, marking a significant milestone...

Seanergy participates in Marine Money Week Asia

Seanergy Maritime Holdings President and CEO Stamatis Tsantanis took part in the 25th Marine...

EU’s Kallas says two countries may send ships to counter Houthis

Two countries signaled interest in sending ships to counter Houthi strikes in the Red...

Qatar-linked LNG traffic through Hormuz strait picks up despite conflict

More QatarEnergy-linked liquefied natural gas vessels, laden and in ballast, have transited the Strait...

Panama Canal announces increase in draft and daily transit

The Panama Canal announced, through an Advisory to Shipping, that it will increase to...

PPA S.A. shows resilience; €106.7 million in investments

Piraeus Port Authority S.A. (PPA S.A.) announced its financial results for the first half of 2026, highlighting resilient revenue performance and a smaller year-on-year...

A.P. Moller Capital to buy majority stake in ports operator Euroports

A.P. Moller Capital, the infrastructure investment arm ​of Denmark's A.P. Moller Group, ‌said on Monday it had agreed to acquire a majority ​stake in...

Thessaloniki Port Authority: Revenue up 8.9% to €58m in H1 ’26

Thessaloniki Port Authority S.A. (ThPA S.A.), a member of the Core Network of the Trans-European Transport Network and a port of international significance, announced...

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...