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Finance & Economy

Royal Caribbean announces proposed offering of senior unsecured notes to refinance near term debt maturities

Royal Caribbean Group announced that it has commenced a private offering of $1,000,000,000 aggregate principal amount of senior unsecured notes due 2027. The Company intends...

Wallenius Wilhelmsen secures USD 800 mln of sustainability-linked vessel loans

Wallenius Wilhelmsen signs USD 800 million of new loans secured by 20 vessels. "We are happy to close the flagship facilities with our banks...

Clarkson Reports Strong Financial Results

Clarkson PLC announces unaudited Interim results for the six months ended 30 June 2022. Summary · Underlying profit before taxation* of £42.2m (2021: £27.5m), an increase...

OSG Q2 results continue to build on progressive quarter-to-quarter improvements

Overseas Shipholding Group, Inc., a leading provider of energy transportation services for crude oil and petroleum products in the U.S. Flag markets, today reported...

Nakilat: Solid financial performance in first half of 2022

Nakilat, the world’s largest Liquefied Natural Gas (LNG) fleet owner, achieved a net profit of QAR 730 million for the first half of the...

Pyxis Tankers Announces Record Financial Results

Pyxis Tankers Inc., an international pure play product tanker company, announced its unaudited results for the three and six month periods ended June 30,...

Star Bulk continues strong performance in 2022

Star Bulk announced its unaudited financial and operating results for the second quarter of 2022. Petros Pappas, Chief Executive Officer of Star Bulk, commented: “Star...

S&P Dow Jones Indices Launches S&P GSCI Freight Indices Tracking Dry Bulk Sector

S&P Dow Jones Indices, the world’s leading index provider, today announced the launch of the S&P GSCI Freight Index Series, expanding S&P DJI’s suite...

Eagle Bulk reports record net income of $94.5 million

Eagle Bulk reported financial results for the quarter ended June 30, 2022. Quarter highlights: Generated Revenues, net of $198.7 million Achieved TCE(1) of $30,207/day basis TCE Revenue(1)...

Teekay posts improved results in Q2 on higher spot tanker rates

Teekay Corporation reported results for the three and six months ended June 30, 2022. These results include the Company’s publicly listed consolidated subsidiary, Teekay...

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Greek shipping industry turns to Euronext Athens

The Greek shipping community is turning its attention to Euronext Athens. Safe Bulkers, owned by Polys V. Hajioannou, made the first move. The company pursued...

TOP Ships announces net income of $6.5 million, diluted earnings per share of $0.61 and stockholders’ equity of $76.7 million for the six months...

TOP Ships Inc., an international owner and operator of modern, fuel-efficient “ECO” tanker vessels, announced its financial results for the six months ended June...

TORM announces secondary public offering of its class A common shares by a selling shareholder

TORM plc announced the commencement of a secondary public offering of 9,000,000 of the Company’s Class A common shares by OCM Njord Holdings S.à...

TEN sees 300% plus increase in 6-month net income; record 1H revenues

TEN reported results (unaudited) for the six months and the second quarter ended June 30, 2026. FIRST HALF 2026 SUMMARY RESULTS TEN's fleet generated record gross...

Samsung seeks $186 million from CMA CGM in landmark FMC complaint

Samsung Electronics America (SEA) has filed a formal complaint against CMA CGM with the US Federal Maritime Commission (FMC), demanding at least $186 million...

Cruise Industry report shows measurable progress in environmental technologies and practices

Cruise Lines International Association (CLIA), the leading voice of the global cruise industry, released...

Stop attacking merchant ships and seafarers: IMO Secretary-General to Member States

The Secretary-General of the International Maritime Organization, Mr. Arsenio Dominguez, has called on Member...

Iran says struck oil tanker in Strait of Hormuz

Iran's Revolutionary Guards said Friday they struck an oil tanker sailing under the Togolese...

World’s first ship-to-ship ammonia bunkering to an ammonia-fueled vessel

Demonstrating a Fuel-Supply Operation Essential for Deployment of Next-Generation Fueled Vessels NYK Line, with Japan...

M/MARITIME: Focus on Greek-Japanese maritime ties

The close shipping ties between Greece and Japan were highlighted at a meeting at...

Piraeus container traffic soars 18% in August

Container throughput at the port of Piraeus remained strong in August, with a significant improvement recorded at Terminals II and III as the global...

Port of Los Angeles posts best three-month cargo stretch in its history

Port of Los Angeles waterfront workers processed  955,907 Twenty-Foot Equivalent Units (TEUs) in August, capping the busiest three consecutive months in Port history. More...

ATI and DP World commission six new hybrid cranes at manila South Harbour

Strategic partners DP World and Asian Terminals Inc. (ATI) have commissioned six state-of-the-art hybrid Rubber-Tyred Gantry (RTG) cranes at Manila South Harbour (MSH), strengthening...

PCT S.A.: New customs licence for cargo arriving by rail

A step towards enhancing the operational efficiency of the Piraeus Container Terminal is the granting of an Authorised Consignee licence to PCT S.A. by...

ZIM: Updated freight rates from Mediterranean & Black Sea ports

Updated Freight Rates from all Mediterranean ports & Black Sea ports to all USEC & Gulf, Puerto Rico, Canada, Mexico, Caribbean & South America...