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ONE Posts Record First Quarter Profit

ONE’s 1st quarter results for FY2022 is a record profit of US$5,499 million, an increase of US$2,940 million from the same period last year. •...

Costamare posts record second quarter results, plans investment

Costamare reported unaudited financial results for the second quarter (“Q2 2022”) and six-months ended June 30, 2022. I. RECORD PROFITABILITY IN A SECOND QUARTER...

HMM places order for feeders at Hyundai Mipo

Hyundai Mipo has received an order from HMM for three 1,800 TEU feeder boxships, with early delivery slots due in Q2 and Q3 2024,...

OOCL Proves Carriers Can Still Perform in Softer Market

Ocean carrier average rates per teu appear to have plateaued in the second quarter, as contract rate increases are negated by tumbling spot rates,...

SM Line Increases Stake in HMM, Fueling Takeover Speculation

SM Line has expanded its hold on HMM after buying more shares, leaving the market to wonder if the rival South Korean ocean-going liner...

France Asks CMA-CGA To Lower Rates

French Finance Minister Bruno Le Maire on Wednesday put fresh pressure on the country’s biggest energy and shipping companies to use part of bumper...

ONE Announces Weight Discrepency Surcharge for Overweight Containers

Ocean Network Express (ONE) will implement a penalty fee that is to be levied in the event of misdeclaration of cargo details at time...

China delivers world’s largest containership

The world’s largest container ship, built by China State Shipbuilding Corporation, can carry 24,000 twenty-foot equivalent unit (TEU) containers, and was handed over in...

Navios Partners: Acquisition of 2 Containership Newbuildings & Charter Agreements

Navios Maritime Partners L.P. announced that it agreed to purchase two liquified natural gas (LNG) dual fuel 7,700 TEU containerships, for an aggregate purchase...

Maersk sees no let up in surging cost of shipping goods

The cost of shipping goods has surged 25-30% since the start of the pandemic due to array of inflationary pressures that are “unlikely to...

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Samsung seeks $186 million from CMA CGM in landmark FMC complaint

Samsung Electronics America (SEA) has filed a formal complaint against CMA CGM with the US Federal Maritime Commission (FMC), demanding at least $186 million...

Safe Bulkers: Completion and pricing of private placement of common stock

Safe Bulkers, Inc., an international provider of marine drybulk transportation services, announced today that it has successfully placed 12,000,000 new shares of common stock...

Scorpio Tankers announces updates on third quarter 2026 TCE rates and time charter-out agreements

Scorpio Tankers Inc. announced today an update on its third quarter of 2026 average daily Time Charter Equivalent rates and that it has entered...

Block sale of existing shares in Klaveness Combination Carriers ASA completed

Reference is made to the stock exchange notice published on 2 September 2026 regarding a potential block sale of existing shares in Klaveness Combination...

Heidmar Maritime Holdings reports results for the second quarter ended June 30, 2026

Heidmar Maritime Holdings Corp. reported its results for the quarter and six month period ended June 30, 2026. Second Quarter 2026 Highlights • Total revenues of...

Seanergy Maritime CFO focuses on delivering real value in practice

Stavros Gyftakis, CFO of Seanergy Maritime Holdings and CFO and Director of United Maritime...

Hormuz shipping traffic in single digits, data shows

Vessel transits at the Strait of Hormuz fell ​slightly on Wednesday to seven, compared...

MISC launches Yayasan Maritim to shape a sustainable maritime future for Malaysia

MISC Group has launched Yayasan Maritim, Malaysia’s first dedicated maritime-focused foundation, to advance the...

Iran attacks US base in Jordan, ships near Hormuz after tankers sunk

Iran's Revolutionary Guard said it ​fired ballistic missiles at a base in Jordan used...

Samsung seeks $186 million from CMA CGM over container shipping disruptions

Samsung Electronics America has filed a complaint with the U.S. Federal Maritime Commission (FMC)...

PCT S.A.: New customs licence for cargo arriving by rail

A step towards enhancing the operational efficiency of the Piraeus Container Terminal is the granting of an Authorised Consignee licence to PCT S.A. by...

ZIM: Updated freight rates from Mediterranean & Black Sea ports

Updated Freight Rates from all Mediterranean ports & Black Sea ports to all USEC & Gulf, Puerto Rico, Canada, Mexico, Caribbean & South America...

Chandra Asri Group opens access to CPN public terminal

PT Chandra Pelabuhan Nusantara (CPN), a subsidiary of PT Chandra Asri Pacific Tbk (Chandra Asri Group), has officially obtained the Business License for the...

Direct traffic between the Port of Gothenburg and Asia increases

Cargo volumes at the Port of Gothenburg developed strongly during the first half of 2026. Container volumes remained at record levels, while rail, RoRo,...

PPA: New framework for investments in ports and logistics

Piraeus Port Authority (PPA) has expanded its scope of business activity following shareholders’ approval of amendments to the corporate charter, paving the way for...