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Finance & Economy

Sembmarine shareholders green-light merger with Keppel O&M

Shareholders of Sembcorp Marine (Sembmarine) have voted in favor of a merger with Keppel Offshore & Marine (Keppel O&M). Specifically, the $4.5 billion deal obtained...

Scorpio Tankers Post Net Income of USD 256 Million in Q4

Scorpio Tankers reported its results for the three months and year ended December 31, 2022. The Company also announced that its Board of Directors has...

Golden Ocean: Net Income of $68.2 Million in Q4

Golden Ocean Group Limited, the world’s largest listed owner of large size dry bulk vessels, announced its unaudited results for the three and twelve...

Atlas Reports Fourth Quarter 2022 Results

Atlas Corp. announced its results for the quarter ended December 31, 2022. Financial Highlights: Fourth quarter 2022 financial performance compared to fourth quarter 2021:Revenue increase of 1.9%...

Euroseas Reports Results for the Year and Quarter Ended December 31, 2022

Euroseas announced its results for the three-month period and full year ended December 31, 2022. Fourth Quarter 2022 Financial Highlights: Total net revenues of $42.9 million.Net...

SFL Reports Q4 Net Profit of USD 48.5 Million

SFL Corporation Ltd. announced its preliminary financial results for the quarter ended December 31, 2022. Highlights 76th consecutive quarterly dividend declared, increased to $0.24 per shareNet...

Safe Bulkers posts strong Q4 results; focus on fleet renewal

Safe Bulkers, an international provider of marine drybulk transportation services, announced its unaudited financial results for the three and twelve month periods ended December...

Danaos reports USD 153 million net income in Q4

Danaos Corporation, one of the world’s largest independent owners of containerships, reported unaudited results for the fourth quarter and the year ended December 31,...

Ardmore Reports Fourth Quarter Net Income of USD 53.1 Million

Ardmore Shipping Corporation announced results for the three and twelve months ended December 31, 2022. Highlights and Recent Activity Reported net income of $53.1 million for...

HMM posts record net profit in 2022

HMM reported a net profit of 10.07 trillion won ($7.87 billion) in 2022, up 89 percent on year and beating analyst expectations thanks to...

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HHLA lowers earnings forecast for the 2026 financial year

Based on the business development to date and updated estimates for the fourth quarter of 2026, the Executive Board of Hamburger Hafen und Logistik...

Stena signs agreement to acquire Color Line

The Swedish industrial Group Stena AB, owner of ferry operator Stena Line, has entered into an agreement to acquire the Norwegian shipping company Color...

TEN announces common shares dividend and share repurchase authorization

TEN, Ltd., following the conclusion of the Company’s Strategy Meeting, the Company today announced that in January 2027 it will distribute its first semi-annual...

UK P&I Club and TT Club announce the successful completion of their joint acquisition of the Thomas Miller Holdings group

The UK P&I Club and TT Club announced the successful completion of their joint acquisition of the Thomas Miller Holdings group, marking a major...

Nakilat achieves QAR 1.29 billion net profit for the third quarter of 2026

Qatar Gas Transport Company Q.P.S.C. (Nakilat) announced its consolidated financial results for the third quarter of 2026 ended 30 September 2026, with a net...

Russia says it hit two cargo vessels and Ukrainian logistics hubs

The Russian Defence Ministry said on Sunday that its drones had struck a cargo...

RINA: Paolo Moretti appointed Group Chief Executive Officer

RINA S.p.A.’s new Board of Directors appointed Paolo Moretti, currently General Manager, as Group...

Seven Yield agrees charter deal for sisterships

Seven Yield has agreed five-year time charters for two pure car and truck carriers...

«Shaping the future of cruise tourism in Greece»: MSC group’s cruise division in Corfu

Representatives of the government, local authorities, port authorities and the tourism industry met on...

Iran’s IRGC Navy says seven vessels hit, warns US of wider response

Iran's Islamic Revolutionary Guard ​Corps Navy said ‌on Thursday that four vessels involved ​in...

Hellenic Ports Association: Port planning and EU funding in focus

Preparing Greek ports for the new 2028-2034 EU funding period and upgrading port infrastructure were at the centre of the 8th meeting of the...

CPP Investments and OMERS reach agreement to sell entire stakes in associated British Ports to a fund managed by IFM Investors

Canada Pension Plan Investment Board and OMERS today announced they have agreed to terms with a fund managed by IFM Investors to sell each...

MPA and China classification society strengthen partnership for a greener, smarter maritime future

The Maritime and Port Authority of Singapore (MPA) and the China Classification Society (CCS) have renewed their Memorandum of Understanding (MOU) to strengthen collaboration...

AD Ports Progressing in Reducing Emissions Intensity of Operations

AD Ports Group announced the release of its 2025 Sustainability Report, in which it highlights significant progress in its decarbonisation plans, including a 6%...

Container throughput at Piraeus’ Terminals II and III rises 15.3% in September

Container throughput at Terminals II and III at the port of Piraeus rose by 15.3% in September, despite many containerships continuing to divert around...