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Finance & Economy

China Q1 GDP tops forecast, but March weakness raises outlook risks

China’s economy grew at a faster than expected clip in the first quarter, official data showed on Monday, expanding 4.8% year-on-year, but the risk...

TEN Gears Up Fleet Modernization Amid Firming Markets

TEN, Ltd. (TEN) reports results (unaudited) for the fourth quarter and the year ended December 31, 2021. FINANCIAL RESULTS FOR THE FOURTH QUARTER OF...

Nakilat profitable in first quarter of 2022

Nakilat, the world’s largest Liquefied Natural Gas (LNG) fleet operator achieved a net profit of QR 382 million for the first quarter ended March...

War to cut Ukraine’s GDP output by over 45% – World Bank

Ukraine’s economic output will likely contract by a staggering 45.1% this year as Russia’s invasion has shuttered businesses, slashed exports and rendered economic activity...

Golar LNG: Sale of shares in New Fortress Energy

Golar LNG announced that it has sold approximately one third of the 18.6 million New Fortress Energy shares received upon completion of the sale...

Maersk announces new management of APM Terminals

A.P. Moller – Maersk announced that Henriette Hallberg Thygesen, Executive Board Member, will be appointed as new Chair for APM Terminals, and Keith Svendsen,...

Grindrod Announces Retirement of Chief Executive Officer

Grindrod Shipping Holdings Ltd., a global provider of maritime transportation services predominantly in the drybulk sector, announced that its Chief Executive Officer (“CEO”), Martyn...

Euronav announces final year results 2021; suspends operations with Russian customers

Euronav NV reported its final financial results today for the full year to 31 December 2021. The return of oil consumption at a global...

Cosco Shipping Holdings posts robust annual results

The leading integrated container shipping service provider, COSCO SHIPPING Holdings CO., Ltd. announced its annual results for the twelve months ended 31 December 2021....

Stolt-Nielsen reports best profit for 14 years

Stolt-Nielsen Limited reported unaudited results for the first quarter of 2022.  The Company reported a first-quarter net profit attributable to shareholders of $52.3 million, with...

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Seaspan Becomes First International Ship Owner & Operator to Access China’s Panda Bond Market

Seaspan, a leading independent maritime asset owner and operator, is pleased to announce the successful issuance of a RMB 1.5 billion Panda Bond in...

DHT Holdings Announces Record Second Quarter 2026 Results

DHT Holdings announced its results for the quarter ended June 30, 2026.

Dorian LPG posts record profit

Dorian LPG Ltd. (NYSE: LPG) (the “Company,” “Dorian LPG,” “we,” “us,” and “our”), a leading owner and operator of modern very large gas carriers...

Star Bulk Carriers Reports Strongest Quarterly Results Since Second Quarter Of 2022

Star Bulk Carriers announced its unaudited financial and operating results for the second quarter of 2026.

Genco Announces Q2 2026 Financial Results; Declares Dividend of $0.80 per Share for Q2 2026

Genco Shipping & Trading Limited (NYSE:GNK) (“Genco” or the “Company”), the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, reported...

Shipping Industry Sees Major Obstacles to Iran’s Hormuz Control Plan

A proposed deal between Iran and Oman that would give Tehran control over ships...

UK continues crackdown on Russia with tough new sanctions

Russian banks, shadow fleet ships and shady businesses have been slapped with UK sanctions...

Panama Canal Announces New Draft Adjustments for Neopanamax Locks

The Panama Canal Authority announced, through a notice to shipping companies, that effective August...

Iran Says Hormuz Shipping Route Announcement With Oman Nears

Iran and Oman have reached an understanding on the geographic coordinates for a shipping...

Yemen’s Houthis Deny Plans To Impose Fees On Ships Sailing Through Red Sea

Yemen’s Houthi-run maritime coordination body denied on Saturday that it planned to impose fees...

DP World Expands Cold Chain Capabilities With New €48m Antwerp Hub

DP World will build a new temperature-controlled logistics hub in the Port of Antwerp. The project begins with an initial investment of EUR 48...

Port of Klaipėda delivers strong performance in 1H2026

The Port of Klaipėda delivered a strong performance in the first half of the year, demonstrating resilience in a changing market environment and further...

DP World Accelerates Port Decarbonization in Chile

DP World is expanding the electrification of its port operations in Chile with the introduction of seven 100% electric Internal Transfer Vehicles (ITVs) and...

Piraeus container traffic remains resilient despite Red Sea shipping disruptions

Container traffic at the Port of Piraeus remained resilient in the first half of 2026 despite mounting disruption to global shipping caused by the...

Port of Long Beach, MARAD agree to test nuclear-powered vessels

The U.S. Department of Transportation’s Maritime Administration (MARAD) today joined leaders from California’s Port of Long Beach to celebrate a new partnership focused on...