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Evergreen acquires eight more containerships

Evergreen Marine has reportedly acquired eight containerships worth approximately USD 94.1 million. Specifically, the company will boost its fleet with seven 1,600 teu vessels...

OOCL: New Rail-Sea Service Links China with U.S. East Coast

OOCL Logistics and OOCL announced the launch of a brand-new multi-modal container service from China to the US East Coast, to help to meet...

Maersk continues shopping spree after strong earnings

Maersk announced the acquisition of two e-commerce companies on Friday as the world’s biggest container shipping line boosts its bet on land-based services. Maersk...

Seaspan: Charter extensions for 10 containerships

Seaspan announced that it has forward fixed contracts for 10 containerships with a major liner customer. The vessels, representing approximately 100,000 TEU in aggregate,...

Container equipment prices have peaked and are expected to moderate

Prices of dry freight shipping containers have doubled over the past year to reach historic highs but will moderate over the next few years,...

SFL Acquires Two Containerships; Sells Feeders to MSC

SFL Corporation is set to acquire two secondhand 14,000 TEU containerships, built in 2013 and 2014. Both vessels are chartered to a leading container...

Euroseas Announces New Charter for M/V “EM Spetses”

Euroseas, an owner and operator of container vessels and provider of seaborne transportation for containerized cargoes, announced a new time charter contract for its...

Tsakos sells feeder containership – brokers

Tsakos Shipping & Trading has reportedly sold feeder containership Sphene (3.398 TEU / blt 2007) at the price of USD 39 million. Sources suggest the...

Shipping lines announce hefty trans-Pacific surcharges

Shipping companies operating on trans-Pacific eastbound trade lanes have announced rate increases for August at unprecedented increments, often using new terminology to describe the...

Cosco Shipping Orders 10 Containerships for USD 1.5 Billion

Cosco Shipping Holdings Co. Ltd. has placed a $1.5 billion order for 10 large containerships. The ships will be built at affiliated shipyard, Cosco Shipping...

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Scorpio Tankers announces financial results for the fourth quarter of 2024 and the declaration of a dividend

Scorpio Tankers Inc. (NYSE: STNG) ("Scorpio Tankers" or the "Company") today reported its results for the three months and year ended December 31, 2024....

Wallenius Wilhelmsen closes record-year with another solid quarter

The financial result for the full year of 2024 is another record-breaking result for Wallenius Wilhelmsen as it exceeds the 2023 results. Adjusted EBITDA for...

HMM sees 2024 earnings & profits rise

HMM reported revenue of KRW 11,700 billion (US$8 billion), operating profit of KRW 3,513 billion (US$2.42 billion), and net profit of KRW 3,781 billion...

FSL Trust posts $11m net profit in 2024

FSL Trust Management, the trustee manager of First Ship Lease Trust, reported a net profit of $9.3m (US$6.9m) and $11.2m (US$8.3m) for the second...

Danaos profitability ‘remains consistent’; 2 newbuilding containerships added to orderbook

Danaos Corporation, one of the world's largest independent owners of container vessels and drybulk vessels, reported unaudited results for the period ended December 31,...

Baltic index declines for third day as capesize plunges to 2-year lowBaltic

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

Baltic index slips on lower capesize, panamax rates

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

Suspected Somali pirates seize boat off Horn of Africa

Suspected Somali pirates have seized a Yemeni fishing boat off the Horn of Africa,...

MPC Capital expands maritime services business with energy efficiency and performance management solutions

The investment and asset manager MPC Capital has acquired a 50% stake in the...

Baltic index falls as larger vessel rates dip

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

An increasing number of cruise lines choose Piraeus as their homeport

More and more cruise lines are choosing the port of Piraeus as their starting point and homeporting point for their voyages. The benefits of homeporting...

Zululand Energy Terminal signs agreement to operate South Africa’s first LNG Terminal

Zululand Energy Terminal, a joint venture between Vopak Terminal Durban and Transnet Pipelines (TPL), has officially signed the Terminal Operator Agreement (TOA) with Transnet...

Thessaloniki port’s Master Plan gets the green light

The long-awaited presidential decree approving the Master Plan for the port of Thessaloniki was published in the Official Gazette, opening the way for the...

A.P. Moller Capital invests in Spanish ports group

A.P. Moller Capital announced new partnership with Bergé y Compañía to grow BERGÉ into a leading ports infrastructure company in Iberia and Latin America. Founded...

AD Ports, CMA CGM to develop multipurpose terminal in Congo

AD Ports Group, an enabler of integrated trade, transport and logistics, signed a shareholders’ agreement with the CMA CGM Group, a global player in...