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Finance & Economy

Clarkson PLC Reports Record Profits

Clarkson PLC announced preliminary results for the 12 months ended 31 December 2022. Summary · Record underlying profit before taxation* of £100.9m (2021: £69.4m), an increase...

d’Amico Posts Record 2022 Results

The Board of Directors of d’Amico International Shipping S.A., a leading international marine transportation company operating in the product tanker market, examined and approved...

GoodBulk announces profitable quarter

GoodBulk Ltd., a leading owner and operator of dry bulk vessels, announces its financial results for the fourth quarter of 2022. Highlights For the year ended...

DSME logs big loss in 2022 on higher costs

South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering Co. (DSME) said Monday it posted a large loss in 2022 on higher costs, despite a...

Eagle Bulk closes 2022 with record performance

Eagle Bulk Shipping Inc. (NYSE: EGLE) (“Eagle” or the “Company”), one of the world’s largest owner-operators within the midsize drybulk vessel segment, reported financial...

Hapag Lloyd: “A very successful 2022 with exceptionally strong results”

Hapag-Lloyd today published its annual report for 2022, the year of its 175th anniversary. According to the report, Hapag-Lloyd’s EBITDA increased to USD 20.5...

Global Ship Lease Reports Results for the Fourth Quarter of 2022

Global Ship Lease announced its unaudited results for the three months and year ended December 31, 2022. Full Year and Fourth Quarter 2022 Highlights - Reported...

International Seaways Reports Fourth Quarter and Full Year 2022 Results

International Seaways, Inc. (NYSE: INSW) (the “Company” or “INSW”), one of the largest tanker companies worldwide providing energy transportation services for crude oil and...

Golar LNG: Preliminary Q4 & FY2022 results

Golar LNG Limited (“Golar” or “the Company”) reports 2022 annual net income attributable to Golar of $788 million, record total book value of equity...

Frontline Posts Higher Quarterly Net Income Since 2Q2008

Frontline plc reported unaudited results for the three and twelve months ended December 31, 2022. Highlights Highest quarterly net income since the second quarter of 2008...

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Eva Birgitte Bisgaard steps down as chief commercial officer at Maersk Tankers

Eva Birgitte Bisgaard is stepping down from her role as chief commercial officer at Maersk Tankers. Christian M. Ingerslev, chief executive officer of Maersk Tankers,...

Frontline’s Fredriksen appointed to Euronav supervisory board

Belgium’s Euronav said its shareholders had overwhelmingly voted to elect John Fredriksen of peer Frontline, a major investor that pulled out of a merger...

UBS Likely to Shrink Credit Suisse’s $10 Billion Shipping Portfolio – Report

UBS Group AG will likely shrink Credit Suisse Group’s $10 billion shipping portfolio that it inherited as part of its emergency takeover on Sunday,...

Braemar: Record revenue & profitability

Braemar Plc., a provider of expert investment, chartering, and risk management advice to the shipping and energy markets, announced an update on trading...

Oldendorff Carriers announces change of leadership

Effective today, the board of OLDENDORFF CARRIERS has appointed Patrick Hutchins as the new President and CEO of the company. Patrick succeeds Peter Twiss, who...

Global Goods Trade Softening from 2022’s Record Level

International commerce soared to a record of $32 trillion in 2022, but goods trade...

New Hybrid Ferry ‘P&O Pioneer’ Docks At DP World Limassol For Bunkering

P&O Ferries’ newly commissioned Fusion Class vessel ‘P&O Pioneer’ has docked at DP World...

Baltic index gains as capesize rates rebound

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk...

Minerva puts cost of fuel theft as high as $5.2 bil/year

The bunkering industry is losing as much $5.2 billion of fuel annually to quantity...

Baltic index logs worst day in five weeks on tepid demand for larger vessels

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk...

Drewry: Port Throughput Index Down 4.5% Year-on-Year

The Drewry Container Port Throughput Indices are a series of calendar adjusted volume growth/decline indices based on monthly throughput data for a sample of...

Port of Los Angeles moves 487,846 container units in February

The Port of Los Angeles processed 487,846 Twenty-Foot Equivalent Units (TEUs) in February, a 43% decrease from the previous February’s all-time record. “February declines were...

Piraeus Port Authority: Strong growth in 2022

PPA S.A. announced Full Year 2022 financial results, marking a consecutive year of growth with a turnover of €194.6 million compared to €154.2 million...

WLP welcomes 14 strategic Vietnamese partners to its growing network of international traders

World Logistics Passport (WLP), a Dubai-led global initiative designed to smooth the flow of world trade, has welcomed 14 Vietnamese partners to its global...

Port of Hedland February Iron Ore Exports 2% Down

Pilbara Ports Authority has delivered a total monthly throughput of 54.8 million tonnes (Mt) for February 2023. This throughput was a five per cent increase...