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Finance & Economy

Wärtsilä Posts Improved Results; Warns of COVID uncertainty

Wärtsilä reported improved second quarter financial results. HIGHLIGHTS OF APRIL–JUNE 2021 • Order intake increased by 14% to EUR 1,154 million (1,011) • Service order intake increased...

Pyxis: Closing of $6.17 Million Follow-on Public Offering of Convertible Preferred Shares

Pyxis Tankers announced the closing of its previously announced underwritten public offering of 308,487 shares of 7.75% Series A Cumulative Convertible Preferred Shares which...

Milaha Sees Increase in 1H2021 Net Profit

Qatar Navigation (Milaha) Q.P.S.C. announced its financial results for the six months ended June 30, 2021. Key financial highlights: • Operating revenues of QAR 1.37 billion...

Seaspan Completes Upsized $750 Million Offering Of Blue Transition Bonds

Seaspan, a wholly-owned subsidiary of Atlas, announced that it has successfully closed its previously announced issuance of $750 million in senior unsecured notes, upsized...

More Panama Canal Transits Highlight Rebounding Global Trade

The Panama Canal Authority says vessel transits are rebounding as global trade picks up after the Covid-19 pandemic. Container ships have led the recovery while...

Stena comes to the rescue of subsidiary Concordia Maritime

Concordia Maritime has agreed upon a conditional agreement with Stena Bulk, or a nominated company within the group of companies, on time charter of...

Standard Chartered extends USD 584 million loan to HMM

HMM has secured a US$584 million facility from Standard Chartered to finance the acquisition of eight 16,000 TEU (20-foot equivalent unit) containerships. The loan...

Nakilat posts increased profits in 1H2021

Nakilat announced its financial results for the first half of the year ended 30 June 2021, with the company achieving a net profit of...

Capital Maritime & Trading plans Athens bond issue

Vaggelis Marinakis’ Capital group has a mixed fleet of over 80 ships, including tankers, container ships and dry cargo. At the same time, the...

Avance Gas: Financing for two first dual fuel newbuildings secured

Avance Gas announced the successful signing and completion of the $104 million sustainability-linked term facility with a bank syndicate previously announced in May 2021....

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Kongsberg Maritime Q2 2026: Record-high backlog and strong newbuild execution

Kongsberg Maritime ASA announced its results for the second quarter of 2026. A record-high order backlog driven by strong newbuild order intake and execution...

Robin Energy announces reverse stock split

Robin Energy, an international ship-owning company providing energy transportation services globally, announced that its board of directors has determined to effect a one-for-fifteen (1-for-15)...

Seanergy Maritime announces pricing of €100 million unsecured corporate bond trading on Euronext Athens

Seanergy Maritime Holdings Corp. announced the pricing of the offering of €100 million of unsecured bonds to investors in Greece. The Bonds will be...

Diana Shipping urges Genco Shipping & Trading shareholders to tender their shares by Friday, July 10

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...

NORDEN raises full-year guidance

Following stronger than expected operational performance in dry cargo, reduced costs associated with Persian Gulf delays and additional vessel sales, NORDEN upgrades the 2026...

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...

METLEN and Tsakos Group formalise partnership to develop one of Greece’s largest hybrid renewable...

METLEN and Tsakos Group formalised the launch of their partnership through METLEN’s entry into...

Foreship unveils RoRo ferry concept tailored to Greek ferry market

Foreship, part of the RINA Group, has developed a new roll-on/roll-off (RoRo) ferry design...

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...

Hanseatic Global Terminals plans to acquire 20% stake in Eurogate Container Terminal Hamburg

Hanseatic Global Terminals (HGT) signed a term sheet outlining the key conditions for the intended acquisition of a 20% stake in Eurogate Container Terminal...