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Finance & Economy

Safe Bulkers Announces Common Stock Repurchase Program

Safe Bulkers announced that it has authorized a program under which it may from time to time in the future purchase up to 5,000,000...

Seanergy announces intention to spin off its oldest capesize

Seanergy Maritime Holdings Corp. announced that it intends to effect a spin-off of the Company’s oldest Capesize vessel, the M/V Gloriuship, through a wholly-owned...

Global Ship Lease buys back remaining notes maturing in 2024

Global Ship Lease, Inc. announced that its indirect wholly-owned subsidiary, Knausen Holding LLC, has closed its previously announced offering of $350 million aggregate principal...

GoodBulk Reports 1Q2022 Financial Results

GoodBulk Ltd., a leading owner and operator of dry bulk vessels, announces its financial results for the first quarter of 2022. Highlights • On 18 March...

UK maritime reveals major £116bn economic impact

The Centre for Economics and Business Research (CEBR) has published a new report, commissioned by Maritime UK, highlighting the major impact the industry makes...

International Seaways Monetizes FSO Joint Venture With Sale to Euronav

International Seaways, one of the largest tanker companies worldwide providing energy transportation services for crude oil and petroleum products, announced that it has completed...

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...

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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...

Navios Maritime Partners remains focused on investment

Navios Maritime Partners, controlled by Angeliki Frangou, is focusing on disciplined capital allocation, fleet diversification and maintaining a strong balance sheet in a shipping...

Capital Tankers announces successful delivery of dual fuel suezmax tanker & new financing arrangements

Capital Tankers, an international shipping company focused on crude oil transportation, provided an update on its fleet and financing status. Delivery of Dual Fuel Suezmax...

Capital Maritime Finance: Strong investor response opens a new chapter for shipping in Athens

Capital Maritime Finance Corp. (CMF) has successfully completed its public offering, attracting exceptionally strong interest. Total bids amounted to approximately €1.1 billion, making the offering...

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...

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...

Piraeus Port Authority hosts Chinese delegation from ports, shipping and logistics sectors

The Piraeus Port Authority (PPA) welcomed a delegation of professionals from China’s ports, shipping and logistics sectors as part of a knowledge and experience...