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Finance & Economy

Hapag-Lloyd with extraordinarily strong start to the year in Q1

Hapag-Lloyd has concluded the first quarter of 2022 with an EBITDA of USD 5.3 billion (EUR 4.7 billion). The EBIT rose to USD 4.8...

Euronav announces first quarter 2022 results

Euronav NV reported its non-audited financial results for the first quarter ended 31 March 2022. Hugo De Stoop, CEO of Euronav said: “The conflict...

Atlas continues its solid financial results in Q1

Atlas announced its results for the quarter ended March 31, 2022. Highlights: First quarter 2022 financial performance compared to first quarter 2021: Revenue growth of 9.5% to...

FLEX LNG Posts Strong First Quarter Financial Results

Flex LNG announced its unaudited financial results for the three months ended March 31, 2022. Highlights: • Vessel operating revenue of $74.6 million for the first...

TORM Posts Improved Results In First Quarter

In Q1 2022, TORM achieved TCE rates of USD/day 16,743 (2021, same period: USD/day 13,493) and an EBITDA of USD 60.4m (2021, same period:...

Global Ship Lease delivers another quarter of earnings growth

Global Ship Lease, Inc., an owner of containerships, announced its unaudited results for the three months ended March 31, 2022. First Quarter 2022 Reported operating...

Frangou ‘pleased’ with Q1 financial results

Navios Maritime Partners L.P, an international owner and operator of dry cargo and tanker vessels, reported its financial results for the first quarter ended...

Castor benefits from robust dry bulk market in Q1

Castor Maritime Inc., a diversified global shipping company, announced its results for the three months ended March 31, 2022. Highlights of the First Quarter...

Navios Holdings: Redemption of $25 Mln of 11.25% Senior Secured Notes due 2022

Navios Holdings, a global seaborne shipping and logistics company, announced that on May 6, 2022, the Company issued a notice of redemption with respect...

DHT Holdings Announces First Quarter 2022 Results

DHT Holdings announced its results for the quarter ended March 31, 2022.

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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...