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Finance & Economy

GasLog Partners reports USD 35 mln quarterly profit

GasLog Partners, an international owner and operator of liquefied natural gas (“LNG”) carriers, reported its financial results for the three-month period ended March 31,...

ONE reports $16.8bn profit for past year; says outlook is uncertain

Japanese ocean carrier ONE has reported a record net profit of $16.8bn for its financial year ending 31 March – but for the full-year...

FSL Trust Reports Q1 Net Profit Of US$ 0.2 Million

FSL Trust Management Pte. Ltd. ("FSLTM"), the trustee-manager of First Ship Lease Trust ("FSL Trust" or the "Trust"), announced the unaudited financial results of...

Wärtsilä to write-off 200 MEUR related to assets and business operations in Russia

Wärtsilä is set to write-off approximately 200 MEUR related to assets and business operations in Russia. A company announcement reads: Wärtsilä strongly condemns the war...

Excelerate Energy Closes $350 Million Revolving Credit Facility

Excelerate Energy, Inc. (NYSE: EE) ("Excelerate" or the "Company") today announced that the Company and Excelerate Energy Limited Partnership (the "Borrower") have entered into...

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...

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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...