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CMA CGM: Record $3.5bn profit in second quarter

CMA CGM has posted a 2,500% increase in its net profit, to $3.5bn, for the second quarter, compared with the same period of last...

Capital Maritime places containership order at Hyundai Mipo

According to broker reports, Capital Maritime & Trading has placed an order at Hyundai Mipo Dockyard for three 1,800 TEU containerships at the price...

Cash-rich shipowners double container ship order book in 2021

What’s not to like about 2021 for container shipping? Freight rates are record high, record amounts of cargo are shipped across the Pacific Ocean,...

Dire Shortage Of Containers Amid Other Setbacks Are Impacting Coffee Supplies

World coffee supplies are suffering a fresh setback from stringent travel curbs imposed in second-biggest grower Vietnam to control the worsening spread of the...

A Week at Least for World’s Third-Busiest Port to Return to Normal

Operations at China’s Meishan terminal in the world’s third-busiest container port will take at least a week to return to normal, according to Rahul...

Maersk accelerates fleet decarbonisation; 8 large containerships to operate on methanol

In the first quarter of 2024, A.P. Moller - Maersk will introduce the first in a groundbreaking series of 8 large ocean-going container vessels...

Ship that blocked Suez Canal in March, crosses the canal again

The giant container ship Ever Given, which blocked the Suez canal for six days in March, crossed the waterway on Friday for the first...

RCL enters Neo-Panamax segment

Regional Container Lines (RCL) is moving into the Neo-Panamax sector with the acquisition of two 12,000 TEU ships for a reported USD 115 million...

ZIM Reports All-Time Record Results in Q2

ZIM Integrated Shipping Services Ltd. (NYSE: ZIM), a global container liner shipping company, announced today its consolidated results for the three and six months...

Danaos Announces New Charters for 10 Vessels; Increases Contracted Backlog to Over $2 Billion

Danaos announced that it has entered into new charter agreements for 10 of its vessels, including one 8,500 TEU vessel, three 3,400 TEU vessels...

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Noble Corporation announces first quarter 2026 results

Noble Corporation plc reported first quarter 2026 results. Three Months Ended(in millions, except per share amounts)March 31, 2026March 31, 2025December 31, 2025Total Revenue$                786$                874$                764Contract Drilling Services Revenue743832705Net...

Hanwha Ocean’s Q1 OP jumps 70.6% on high-value vessel orders

South Korean shipbuilder Hanwha Ocean Co. saw its operating profit soar more than 70 percent in the first quarter of this year from a...

Top Ships secures $50 million equity facility

According to a relevant filing, Top Ships has signed a Common Share Purchase Agreement with B. Riley Principal Capital II, giving the firm the...

Kongsberg Maritime begins trading on Oslo Stock Exchange

Kongsberg Maritime ASA, a global leader in maritime technology, begins trading on Euronext Oslo Stock Exchange under the ticker symbol KMAR. The company has...

Qatar’s Nakilat posts 1.3 percent rise in Q1 profit amid geopolitical challenges

Qatar Gas Transport Company Nakilat has reported a rise in net profit for the first quarter of 2026, despite what it described as geopolitical...

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...

ABS and PIL to advance maritime decarbonisation with alternative marine fuel emissions verification

ABS and Pacific International Lines (PIL) have announced a formal collaboration through the signing...

Strait of Hormuz remains near-empty with just a few Iran ships moving

The Strait of Hormuz remains largely empty of merchant ships, with only a few...

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...

Piraeus Port maintains its strategic role as key logistics hub for Eastern Mediterranean and SE Europe

The Port of Piraeus is resilient to the disruptions caused by the conflict in the Middle East on global supply chains. However, downward pressure is...