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Finance & Economy

Ardmore Expecting Product, Chemical Tanker Recovery

Ardmore Shipping Corporation announced results for the three and nine months ended September 30, 2021. Highlights and Recent Activity Reported a net loss of $12.8 million...

Navios Partners posts strong third quarter financial results

Navios Partners, an international owner and operator of dry cargo and tanker vessels, reported its financial results for the third quarter and nine month...

SFL Declares Dividend for 71st Straight Quarter

SFL Corporation announced its preliminary financial results for the quarter ended September 30, 2021. Highlights • 71st consecutive quarterly dividend declared, $0.18 per share • Operating revenue...

Castor posts strong third quarter results

Castor Maritime, a diversified global shipping company, announced its results for the three and nine months ended September 30, 2021. Highlights of the Third...

Performance Shipping posts Q3 net loss

Performance Shipping reported a net loss from continuing and discontinued operations attributable to common stockholders of $2.2 million for the third quarter of 2021,...

Danaos posts record Q3 profits

Danaos, one of the world’s largest independent owners of containerships, reported unaudited results for the period ended September 30, 2021. Highlights for the Third Quarter...

Eagle Bulk posts Q3 net income of $78.3 mln; declares $2.00 per share dividend

Eagle Bulk, one of the world’s largest owner-operators within the drybulk vessel segment, reported financial results for the quarter ended September 30, 2021. Quarter highlights: Generated Revenues,...

Euronav expecting upturn after tough third quarter

Euronav NV reported its non-audited financial results for the third quarter ended 30 September 2021. Hugo De Stoop, CEO of Euronav said: ”We have...

Teekay Corporation reports third quarter profit

Teekay Corporation reported results for the three and nine months ended September 30, 2021. CEO Commentary “In the third quarter of 2021, we recorded a small...

Genco posts net income of $57.1 million in third quarter

Genco, the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, reported its financial results for the three months and nine...

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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...

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,...

Höegh Autoliners extends contract with major Asian car producer into 2029

Höegh Autoliners ASA has agreed an extension of an existing contract with a major...

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...