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Finance & Economy

OceanPal pays dividend four months after listing

OceanPal, a global shipping company specializing in the ownership of vessels, reported net income of $134 thousand and net income attributed to common stockholders...

Imperial Petroleum Announces Pricing of Upsized $60 Million Underwritten Public Offering

Imperial Petroleum announced the pricing of an upsized underwritten public offering of 37,500,000 units at a price of $1.60 per unit. Each unit consists...

Pyxis Tankers Announces Financial Results for the 3 Months & Year Ended December 31, 2021

Pyxis Tankers Inc., a growth-oriented pure play product tanker company, announced unaudited results for the three months and year ended December 31, 2021. Summary For...

Top Ships reports highest profit since 2008

TOP Ships, an international owner and operator of modern, fuel efficient “ECO” tanker vessels, announced its unaudited financial results for the year ended December...

Hoegh Autoliners applies to move to Oslo Stock Exchange

Reference is made to the announcement on 14 March 2022, whereby Oslo Børs announced that it had received an application from Höegh Autoliners ASA...

Avance Gas: Resignation of CEO & changes to Board composition

Avance Gas announced that Kristian Sørensen has elected to resign his position as CEO to pursue opportunities outside of the Company. The Chairman of...

Seanergy Reports Record Fourth Quarter 2021 Financial Results

Seanergy announced its financial results for the fourth quarter and twelve months ended December 31, 2021. The Company also announced $5 million additional repurchases...

Safe Bulkers to distribute dividend following profit surge

Safe Bulkers announced its unaudited financial results for the three and twelve months periods ended December 31, 2021. The Board of Directors of the...

Costamare posts record 2021 profit

Costamare reported unaudited financial results for the fourth quarter (“Q4 2021”) and year ended December 31, 2021. I.    RECORD PROFITABILITY FOR Q4 2021 AND YEAR...

ZIM achieves ‘historically extraordinary results’

ZIM announced its consolidated results for the three and twelve months ended December 31, 2021. Fourth Quarter and Full Year 2021 Highlights Net income for...

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DNB: Solid results driven by lending growth and high customer activity

DNB recorded profits after tax of NOK 9.8 billion in the second quarter of 2026.  “The level of activity in the Norwegian economy is high...

OOIL announces operational update for 2Q2026

The Board of Directors of Orient Overseas (International) Limited has adopted a policy of announcing unaudited operational updates for Orient Overseas Container Line (“OOCL”)...

Seanergy Maritime’s bond begins trading on Euronext Athens after raising 95.6 million euros

Seanergy Maritime Holdings’ corporate bond began trading on Euronext Athens on Tuesday, with Chairman and Chief Executive Officer Stamatis Tsantanis ringing the traditional opening...

Hapag-Lloyd raises annual outlook on strong demand, freight rates

German shipping firm Hapag-Lloyd on Monday raised its outlook ​for the financial year, citing strong market ‌demand and positive freight rate developments. Hapag-Lloyd said it...

Diana Shipping Inc. announces extension of tender offer for all outstanding shares of Genco Shipping & Trading

Diana Shipping Inc., a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels that is the largest shareholder of...

Russian attack on Ukraine’s Odesa kills three, official says

A Russian attack on Ukraine's ​Black Sea port city of ‌Odesa killed three, a...

Iran-linked vessels pass through Hormuz ahead of US blockade

The number of vessels transiting through the Strait of Hormuz ticked up on Tuesday,...

IMO Council reaffirms commitment to protecting vital shipping lanes

The Council of the International Maritime Organization has concluded its 137th session by reaffirming...

Hormuz traffic slows to multi-week low as renewed US, Iran strikes raise safety risk

The number of vessels transiting the Strait of Hormuz fell to multi-week lows on...

Russia says Ukraine struck tanker in Sea of Azov

A Ukrainian drone struck a tanker as it ​was entering the Azov-Black Sea ‌Canal,...

Greek Shipping Minister visits Piraeus Port

Minister of Maritime Affairs and Insular Policy Vassilis Kikilias visited the Port of Piraeus on Tuesday ahead of the peak summer holiday travel period,...

Hapag-Lloyd uses shore power in the Port of Hamburg

Hapag-Lloyd, the world’s fifth-largest container shipping company, has signed an agreement with the Hamburg Port Authority (HPA) on the use of shore power in...

DP World drives record efficiency and vessel performance at DAR Es Salaam port

DP World Dar Es Salaam has achieved record vessel performance and reduced cargo discharge times by more than 90% at the Port of Dar...

Piraeus Container Terminal marks 16 years, reports rise in cargo volumes

Piraeus Container Terminal (PCT) marked 16 years of operations, highlighting the contribution of its employees and partners in transforming the port of Piraeus into...

PPA S.A.: Gross dividend of 1.896 euros per share approved

The Piraeus Port Authority (PPA) successfully held its Annual General Meeting of Shareholders, in accordance with the applicable procedures, with shareholders representing 83.40% of...