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Finance & Economy

Havila Kystruten AS: Completion of Comprehensive Debt Refinancing

Havila Kystruten AS announces that the previously disclosed EUR 456 million refinancing has now been completed. Closing took place on 24 November 2025 following...

CMB.Tech more than doubles revenue in Q3

CMB.TECH NV reported its unaudited financial results today for the third quarter ended 30 September 2025. HIGHLIGHTSFinancial highlights: Profit for the period of 17.3 million USD...

Golar LNG announces successful completion of $1.2BN FLNG Gimi bank facility

asset backed debt facility agreement with a consortium of banks including ABN AMRO, Citibank, DNB, Goldman Sachs and Standard Chartered Bank for the refinancing...

ZIM BOD updates on ongoing strategic review process

ZIM Integrated Shipping Services Ltd. provided an investor update. ZIM's Board of Directors is focused on delivering significant value to all the Company's shareholders. Following the...

Stealthgas achieves “another quarter of solid profits”

STEALTHGAS INC., a ship-owning company serving the liquefied petroleum gas sector of the international shipping industry, announced today its unaudited financial and operating results...

Safe Bulkers posts $17.8 million net income in Q3

Safe Bulkers reported improved profitability in the third quarter compared to the second. A company announcement reads:

Performance Shipping reports strong 9M financial results

Performance Shipping Inc., a global shipping company specializing in the ownership of tanker vessels, reported net income of $3.9 million for the third quarter...

MISC Group financial results for the third quarter of 2025

Zahid Osman, MISC President and Group CEO said, “MISC achieved stronger profitability and higher operating cash flows to date reflecting stronger operational agility despite...

FRO – Third quarter and nine months 2025 results

Frontline reported unaudited results for the three and nine months ended September 30, 2025: Highlights Profit of $40.3 million, or $0.18 per share for the third...

Diana Shipping announces proposal to acquire remaining shares of Genco Shipping & Trading Limited

Diana Shipping announced that it has submitted a letter to the Board of Directors of Genco Shipping & Trading Limited setting forth a proposal...

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TORM plc occurrence of threshold date and change to the board

TORM plc’s issued an announcement dated 23 December 2025 regarding completion of Hafnia Limited’s acquisition of shares in TORM plc from Oaktree Capital Management,...

Carnival Corporation & plc achieves record full year adjusted net income and investment grade leverage metrics, reinstates dividend

Carnival Corporation & plc announced financial results for the fourth quarter and full year 2025 and provided an outlook for the first quarter and...

IMPERIAL PETROLEUM reports third quarter and nine months 2025 financial and operating results

IMPERIAL PETROLEUM INC., a ship-owning company providing petroleum products, crude oil and dry bulk seaborne transportation services, announced today its unaudited financial and...

KCC Capital Markets Day – Fleet expansion and optimization supporting continued profitable growth and value creation

Klaveness Combination Carriers ASA hosts its Capital Markets Day at the company’s headquarters in Oslo. At the event, KCC presents its strategy for 2026–2030;...

Trafigura publishes 2025 Annual Results

Trafigura Group Pte Ltd, a global leader in the commodities industry, announced its financial results for the 12-month period ending 30 September 2025. Chief Executive...

US seizes Russian-flagged tanker, another tied to Venezuela as Trump widens oil push

The U.S. seized two Venezuela-linked oil tankers in the Atlantic Ocean on Wednesday, one...

Wallenius Wilhelmsen enters new contract with major Asian vehicle and heavy equipment manufacturer

Wallenius Wilhelmsen has entered a one-year shipping contract commencing in 2026 with a leading...

Intermodal Weekly Market Report [W51]

While the war in Ukraine remains unresolved, any meaningful deescalation arising from ongoing peace...

Baltic Index falls to five-month low as vessel rates decline across the board

The Baltic Exchange’s dry bulk sea freight index, which tracks rates for vessels transporting...

Celestyal celebrates Celestyal Discovery’s Arabian Gulf debut

Celestyal has held a series of plaque exchange ceremonies to mark Celestyal Discovery’s debut...

Port of Patras: Patradise Marina, cruises and new development projects in focus

A working meeting with the Minister of Maritime Affairs and Insular Policy, Vassilis Kikilias, was held on Tuesday by the President and CEO of...

Port of Los Angeles on track for third best cargo year on record

The Port of Los Angeles processed 782,249 Twenty-Foot Equivalent Units (TEUs) in November, a decrease of 12% compared to last year’s elevated cargo levels....

China ups demand to controlling stake in Panama ports deal, WSJ reports

China has upped its demands and is now pushing for state-owned ship operator Cosco to get a controlling stake in a $22.8 billion ports...

PPA’s five-year plan based on three pillars

The new five-year business plan of the port of Piraeus focuses on the utilization of more financial tools, its strengthening as a key transit...

Skaramangas Shipyards becomes Green Award Incentive Provider, strengthening support from a growing European shipyard

The Green Award Foundation welcomes Skaramangas Shipyards, the largest shipyard in Greece and one of the most significant shipbuilding and repair facilities in the...