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DNV awards MSC, Zhoushan Changhong International, and CIMC ORIC AiP for new 21,700 TEU ammonia powered mega-boxship

DNV has awarded an Approval in Principle (AiP) to the joint consortium of MSC, Zhoushan Changhong International, and CIMC ORIC for a new 21,700...

Global Ship Lease announces agreement to acquire three 8,600 TEU Containerships

Global Ship Lease, a containership owner and lessor, announced the purchase of three 8,600 TEU, Korean-built containerships with ECO upgrades for an aggregate purchase...

Maersk to return to Red Sea route as soon as conditions allow, CEO says

Shipping group Maersk will take steps to resume navigation through the Red Sea via the Suez Canal as soon as conditions allow, CEO Vincent...

ZIM BOD updates on ongoing strategic review process

ZIM Integrated Shipping Services Ltd. provided an investor update. ZIM's Board of Directors is focused on delivering significant value to all the Company's shareholders. Following the...

ZIM reports financial results for the third quarter of 2025

ZIM Integrated Shipping Services announced its consolidated results for the three and nine months ended September 30, 2025. Third Quarter 2025 Highlights Net income for the...

Capital Clean Energy Carriers Corp. announces the sale of a Neo-Panamax 13,312 TEU Container Vessel

Capital Clean Energy Carriers Corp., an international owner of ocean-going vessels, announced the sale of the M/V Buenaventura Express (142,411 DWT / 13,312 TEU,...

APM Terminals in Egypt celebrates 2.2 million TEU-expansion

The Suez Canal Container Terminal (SCCT) in Egypt marked the inauguration of its major expansion, adding new capacity and jobs to East Port Said....

Euroholdings reports results for the quarter and nine-month period and announces the acquisition of one 49,997 DWT product tanker vessel

Euroholdings, an owner and operator of container carrier vessels and provider of seaborne transportation for containerized cargoes, announced today its results for the three...

Danaos Corporation reports third quarter and nine months results for the period ended September 30, 2025

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,...

CMA CGM flags tough year ahead as shipping faces overcapacity, falling demand

The container shipping industry is bracing for a challenging year as new vessels boost capacity while demand slows, French group CMA CGM said on...

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Subsea 7 S.A. announces first quarter 2026 results

Subsea 7 S.A announced results of Subsea7 Group (the Group, Subsea7) for the first quarter which ended 31 March 2026.  Highlights   • First quarter Adjusted EBITDA...

Pacific International lines delivers resilient earnings in FY2025

PIL Pte Ltd announced its financial results for the fiscal year ended 31 December 2025. The Group delivered net profit after tax of US$1.04...

ONE delivers profitable full-year result, despite volatility

Ocean Network Express has announced its financial results for FY2025 (April 2025 to March 2026). Revenue for 4Q FY2025 was US$4,042 million, bringing the total...

MOL sees sharp net profit drop

Mitsui O.S.K. Lines (MOL) has reported net profit attributable to shareholders amounting to JPY 213.2bn ($1.3bn), down 49.9% from JPY 425.4bn a year earlier. Ordinary...

Costamare orders 16 containerships in China; posts USD 75 mln net income in Q1

Costamare Inc. reported unaudited financial results for the first quarter ended March 31, 2026 (“Q1 2026”).

Celestyal launches one-day flash sale with fares from 179€

Celestyal has announced a one-day-only flash sale, offering limited-time fares across a selection of...

Tamara de Gruyter, President, Wärtsilä Energy Storage and Executive Vice President to continue her...

Tamara de Gruyter, President, Wärtsilä Energy Storage and Executive Vice President, and a member...

Celestyal launches ‘The Iconic Sale’ with fares from €499

Celestyal has launched its new ‘Iconic Sale’, offering savings across its full Mediterranean and...

Seafarer shares first-hand account with IMO about being stranded in the Persian Gulf

IMO Secretary-General Arsenio Dominguez has called on all Member States to support efforts to...

Columbia Group names Andreas Hadjipetrou new CEO

Columbia Group has appointed Andreas Hadjipetrou as its new Chief Executive Officer, with Demetris...

PPA: Investment of 3.25 million euros

Piraeus Port Authority S.A. (PPA) announced the launch of works for the development of a new park featuring a model playground and a cycling...

Piraeus Port is resilient – Record performance and investments of 1.4 billion euros

The resilience and growth prospects of the Port of Piraeus, despite heightened geopolitical turbulence affecting shipping and transport, were highlighted by the Deputy CEO...

Panama Canal says $1 million-plus auction slots reflect temporary surge in demand

The Panama Canal Authority said on Thursday that some ships had recently paid more than $1 million for crossing slots at auction, but ​said...

Throughput in the port of Rotterdam remains stable, with a slight decline of 0.7%

Throughput at the port of Rotterdam fell slightly by 0.7% in the first quarter of 2026 compared with the same period last year. Throughput...

High-level meeting on European strategies for the maritime industry and ports

A high-level meeting on the implementation of the European Maritime Industrial Strategy and the European Ports Strategy will be hosted in Athens on April...