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Finance & Economy

Top Ships Announces Delivery of 1st VLCC, Sale of 2 Product Tankers

TOP Ships, an international owner and operator of modern, fuel efficient “ECO” tanker vessels, announced the delivery of the very high-specification, scrubber-fitted, 300,000 dwt...

Seanergy Announces Additional $5 Million Buyback of Convertible Notes

Seanergy announced an aggregate of $5 million in buyback and partial elimination of the outstanding convertible note, utilizing 50% of its second share repurchase...

Castor Announces $55 Million Debt Financing and New Charter Agreement

Castor Maritime, a diversified global shipping company, announced the closing and drawdown of a $55.0 million senior term loan facility with a European bank,...

Genting Hong Kong Looks to Liquidation as Funding Dries Up

Troubled cruise operator Genting Hong Kong Ltd. warned it may seek court assistance to safeguard its assets, after failing to secure funding to help...

Danaos Announces Multi-Year Charters, Vessel Sales Worth $1 Billion

Danaos, one of the world’s largest independent owners of containerships, announced that it has entered into new charter arrangements for 11 of its vessels...

After failed merger, Hyundai Heavy secures cash to nurture new growth engines

Hyundai Heavy Industries’ failed acquisition of its smaller rival Daewoo Shipbuilding & Marine Engineering may be a boon for the nation’s largest shipbuilder as...

EU blocks Daewoo – Hyundai merger

The European Union on Thursday blocked the merger of South Korean shipbuilding giants Daewoo and Hyundai over concerns about restricting supplies of large liquified...

GasLog Announces Chief Executive Officer Transition

GasLog announced that Paul Wogan, Chief Executive Officer of GasLog, has informed the board of directors of GasLog that he intends to retire from...

Nakilat partners with ABS to develop Decarbonization Strategy

Nakilat, one of the world’s largest LNG shipping operators, has partnered with ABS to develop an industry-leading decarbonization strategy. Over the past months, Nakilat’s...

Baltic Exchange, TradeFlow complete escrow transaction for commodity trades

As the result of a partnership between the fintech-enabled fund manager TradeFlow Capital Management (TradeFlow), part of the Supply@Me Group (LON:SYME), and the Baltic...

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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...

Costamare orders 16 containerships in China; posts USD 75 mln net income in Q1

Costamare Inc. reported unaudited financial results for the first quarter ended March 31, 2026 (“Q1 2026”).

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...

Seafarer shares first-hand account with IMO about being stranded in the Persian Gulf

IMO Secretary-General Arsenio Dominguez has called on all Member States to support efforts to...

Columbia Group names Andreas Hadjipetrou new CEO

Columbia Group has appointed Andreas Hadjipetrou as its new Chief Executive Officer, with Demetris...

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...

High-level meeting on European strategies for the maritime industry and ports

A high-level meeting on the implementation of the European Maritime Industrial Strategy and the European Ports Strategy will be hosted in Athens on April...