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Finance & Economy

Wallenius Wilhelmsen names new CEO

The Board of Wallenius Wilhelmsen ASA has named Lasse Kristoffersen as CEO. Kristoffersen will start in his new role no later than 1 June...

Celestyal Cruises, Louis Group in Strategic Investment Agreement with Searchlight Capital

Celestyal Cruises, the award-winning, number one choice for cruise travelers to the Greek Islands and the Eastern Mediterranean, and its parent company, Louis plc,...

Stolt Tankers appoints Maren Schroeder as MD

Stolt Tankers has appointed Maren Schroeder as Managing Director, Stolt Tankers Shipowning (STSO), with effect from April 1, 2022. Schroeder joined Stolt Tankers in 2019...

Nordic Shipholding Reports Depressed Nine-Month Earnings

The Group extended its loss in the first nine months of this year as the Time Charter Equivalent (“TCE”) rates continued to be depressed...

Nordic American Tankers posts third-quarter loss

Nordic American Tankers Ltd has reported a third-quarter net loss of $44.7 million. A company statement reads: There is so much confusing day-to-day noise in...

Golden Ocean Reports Robust Third Quarter Results

Golden Ocean Group Limited, the world’s largest listed owner of Capesize vessels, yesterday announced its results for the quarter ended September 30, 2021. Highlights •...

EU resumes probe of KSOE-DSME merger

The European Union's antitrust regulator is resuming an investigation into a proposed merger of two Korean shipbuilders that it suspended last year. The European...

Diana Shipping Commences Self Tender Offer To Purchase Up To 3,529,411 Shares

Diana Shipping, a global shipping company specializing in the ownership of dry bulk vessels, announced the commencement of a tender offer to purchase up...

CMA CGM delivers ‘very good’ quarterly financial results

The Board of Directors of the CMA CGM Group, a world leader in shipping and logistics, met today under the chairmanship of Rodolphe Saadé,...

Pioneer Marine: Net income at $0.8 million in Q3

Pioneer Marine Inc. and its subsidiaries a leading shipowner and global drybulk handysize transportation service provider announced its financial and operating results for the...

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UK P&I Club and TT Club announce the successful completion of their joint acquisition of the Thomas Miller Holdings group

The UK P&I Club and TT Club announced the successful completion of their joint acquisition of the Thomas Miller Holdings group, marking a major...

Nakilat achieves QAR 1.29 billion net profit for the third quarter of 2026

Qatar Gas Transport Company Q.P.S.C. (Nakilat) announced its consolidated financial results for the third quarter of 2026 ended 30 September 2026, with a net...

Navios Maritime Partners remains focused on investment

Navios Maritime Partners, controlled by Angeliki Frangou, is focusing on disciplined capital allocation, fleet diversification and maintaining a strong balance sheet in a shipping...

Capital Tankers announces successful delivery of dual fuel suezmax tanker & new financing arrangements

Capital Tankers, an international shipping company focused on crude oil transportation, provided an update on its fleet and financing status. Delivery of Dual Fuel Suezmax...

Capital Maritime Finance: Strong investor response opens a new chapter for shipping in Athens

Capital Maritime Finance Corp. (CMF) has successfully completed its public offering, attracting exceptionally strong interest. Total bids amounted to approximately €1.1 billion, making the offering...

Russia says it hit two cargo vessels and Ukrainian logistics hubs

The Russian Defence Ministry said on Sunday that its drones had struck a cargo...

RINA: Paolo Moretti appointed Group Chief Executive Officer

RINA S.p.A.’s new Board of Directors appointed Paolo Moretti, currently General Manager, as Group...

Seven Yield agrees charter deal for sisterships

Seven Yield has agreed five-year time charters for two pure car and truck carriers...

«Shaping the future of cruise tourism in Greece»: MSC group’s cruise division in Corfu

Representatives of the government, local authorities, port authorities and the tourism industry met on...

Iran’s IRGC Navy says seven vessels hit, warns US of wider response

Iran's Islamic Revolutionary Guard ​Corps Navy said ‌on Thursday that four vessels involved ​in...

CPP Investments and OMERS reach agreement to sell entire stakes in associated British Ports to a fund managed by IFM Investors

Canada Pension Plan Investment Board and OMERS today announced they have agreed to terms with a fund managed by IFM Investors to sell each...

MPA and China classification society strengthen partnership for a greener, smarter maritime future

The Maritime and Port Authority of Singapore (MPA) and the China Classification Society (CCS) have renewed their Memorandum of Understanding (MOU) to strengthen collaboration...

AD Ports Progressing in Reducing Emissions Intensity of Operations

AD Ports Group announced the release of its 2025 Sustainability Report, in which it highlights significant progress in its decarbonisation plans, including a 6%...

Container throughput at Piraeus’ Terminals II and III rises 15.3% in September

Container throughput at Terminals II and III at the port of Piraeus rose by 15.3% in September, despite many containerships continuing to divert around...

Piraeus Port Authority hosts Chinese delegation from ports, shipping and logistics sectors

The Piraeus Port Authority (PPA) welcomed a delegation of professionals from China’s ports, shipping and logistics sectors as part of a knowledge and experience...