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Samudera expands footprint into Japan with new subsidiary

Samudera Shipping Line is expanding its footprint into Japan, via the incorporation of Samudera Japan K.K. on 14 October 2025, a wholly-owned subsidiary capitalized...

Βack-to-back shore power connections in Valletta, Malta, mark important milestone for MSC group’s cruise division

MSC Group’s Cruise Division has reached another major milestone in its decarbonization journey, as two of its vessels – MSC World Europa and EXPLORA...

KKR launches Galaxy Container Solutions, a Global Container Leasing and Financing Platform

KKR, a leading global investment firm, announced the launch of Galaxy Container Solutions, a global marine container leasing and financing platform, in partnership with...

Global Ship lease issues statement regarding China-Specific port fees and US ownership

Global Ship Lease, Inc., a containership owner and lessor, issued the following statement in response to the Implementation Measures on the Special Port Charges...

India’s Cochin Shipyard secures mega order from CMA CGM for first boxships

India’s efforts to break into the leadership in global shipbuilding are taking a large step forward with Cochin Shipyard securing its first-ever international order...

China opens first container ship route to Europe via Arctic

China has opened the first container ship route connecting Europe through the Arctic sea passage. State-run media reported that the vessel left the eastern Chinese...

Maersk shares hit three-month low on prospect of Gaza deal reopening Red Sea route

Maersk shares fell on Thursday on expectations a Gaza ceasefire deal could eventually restore container shipping routes through the Red Sea and Suez Canal,...

ICTSI agrees 25-year extension for Subic Bay Container Terminals

Subic Bay International Terminals Corp. (SBICT) and ICTSI Subic Inc. (ISI), both subsidiaries of International Container Terminal Services, Inc. (ICTSI), have secured a 25-year...

Danaos Corporation announces senior notes offering

Danaos Corporation announced that it plans to commence an offering of up to $500 million of Senior Notes due 2032, subject to market conditions...

The Greek orderbook saw another significant increase

The Greek orderbook recorded a new notable increase in September, led by containerships and tankers, confirming the strategic orientation of Greek shipowners in two...

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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...