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Top 10 container shipping lines on track for $115-120 billion 2021 profit: Alphaliner

The 10 leading publicly listed container shipping lines are on track to earn a record $115 billion to $120 billion in profit in 2021,...
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Navios orders 2 more containerships at Zhoushan Changhong

Navios has reportedly ordered two 5,300 teu ships from Chinese yard Zhoushan Changhong International (ZCIS) for delivery in 2024. The company has an option...
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Sailing Towards Record Profits, Maersk Will Give $80 Million to Employees

A.P. Moller-Maersk A/S is giving $1,000 to each of its roughly 80,000 employees as the world’s largest shipping company heads for record profits this...
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Pop-Up Container Yards Offer Pressure Valve for Port Congestion

Walmart has developed an empty space near the ports of Los Angeles and Long Beach into a pop-up container yard. The aim is to store...
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Euroseas fixes panamax containership

Euroseas, an owner and operator of container carrier vessels and provider of seaborne transportation for containerized cargoes, announced two new consecutive time charter contracts...
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CMA CGM: Incentive program to ease congestion at ports of Los Angeles & Long Beach

The CMA CGM Group, a world leader in shipping and logistics, will implement an Early Container Pickup Incentive Program at the ports of Los...
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Navios places containership order

According to reports, Navios Maritime Partners placed an order at Zhoushan Changhong International Shipyard 2+2 5,300 TEU containerships. The price was not disclosed. Delivery...
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Drewry: Port Throughput Index Down By 2.3% in September

The Drewry Container Port Throughput Indices are a series of volume growth/decline indices based on monthly throughput data for a sample of over 235...
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Major California Ports Continue To Delay Fees For Lingering Containers

California’s ports of Los Angeles and Long Beach delayed charging fines on containers that sit on the docks for too long for a second...
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ZIM Connecting Indian Subcontinent, East Mediterranean

ZIM announced the launch of ZIM Indian Subcontinent – East Mediterranean Service (ZMI), a new and improved service connecting the Indian subcontinent and the...
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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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