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Finance & Economy

Navios Holdings: Redemption of $15M of 11.25% Senior Secured Notes due 2022

Navios Holdings, a global seaborne shipping and logistics company, announced that on June 6, 2022, the Company issued a notice of redemption with respect...

Globus returns to black in Q1

Globus, a dry bulk shipping company, reported its unaudited consolidated operating and financial results for the quarter ended March 31, 2022. Financial Highlights In Q1 2022,...

CMA CGM sees uncertain outlook as earnings surge again

CMA CGM said on Friday that geopolitical and economic risks were clouding its outlook despite another surge in profits due to a saturated shipping...

GSL Announces Pricing of $350 Million of Senior Secured Notes due 2027

Global Ship Lease announced that its indirect wholly-owned subsidiary, Knausen Holding LLC, priced on June 1, 2022, an offering of $350 million aggregate principal...

Seanergy reports strongest ever first quarter of a year

Seanergy announced its financial results for the first quarter ended March 31, 2022 and declared a quarterly dividend of $0.025 per share. Highlights of the...

Dorian LPG sees drop in quarterly earnings as bunker prices hit rate returns

Dorian LPG Ltd., a leading owner and operator of modern very large gas carriers, reported its financial results for the three months and fiscal...

UK Club financial position ‘strong’; ‘well placed to deal with future challenges’

The UK P&I Club, a leading provider of P&I insurance and other services to the international shipping community, announced its financial results for the...

Private acquisitions of Euronav shares in exchange for Frontline shares completed

Frontline announced that it has agreed to acquire a total of 5,955,705 shares in Euronav representing 2.95% of the outstanding shares in privately negotiated...

International Seaways Announces Refinancing Agreement

International Seaways announced that it has closed on a new senior secured credit facility with an aggregate capacity of $750 million, composed of a...

Costamare: Closing of $500 Million Syndicated Loan Facility

Costamare announced the closing of a 5-year syndicated loan facility for an amount of up to $500 million. Proceeds from the loan will be...

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Bahri reports first quarter 2026 results with net profit of SAR 2.15 billion

The National Shipping Company of Saudi Arabia (“Bahri” or the “Company”, 4030 on the Saudi Exchange), the Kingdom’s leading shipping and logistics provider, announced...

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...

Swedish coast guard seizes suspected false flag tanker in Baltic sea

The Swedish Coast Guard said on Sunday it had seized a tanker in the...

Trump says US operation will aid ships stranded in Strait of Hormuz

President Donald Trump said on Sunday the U.S. would start an effort on Monday...

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...

Stable cargo flows in the Port of Gothenburg despite mixed first-quarter performance

Container handling in the Port of Gothenburg continues to show positive development in terms of loaded cargo volumes. At the same time, the share...

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...