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Finance & Economy

Wallenius Wilhelmsen delivers another strong quarter

Wallenius Wilhelmsen continued a steady course through Q3, reporting an adjusted EBITDA of USD 471m. Total revenue for Q3 was USD 1,331 and adjusted EBITDA...

Ardmore Shipping Corporation announces financial results for the three and nine months ended September 30, 2025

Ardmore Shipping Corporation announced results for the three and nine months ended September 30, 2025. Highlights and Recent Activity Reported Adjusted earnings of $12.6 million and...

Navigator Gas announces preliminary third quarter 2025 results

Navigator Gas announced preliminary third quarter 2025 results. Third Quarter Financial Highlights On November 4, 2025, the Board of Directors of Navigator Holdings Ltd., (NYSE: NVGS)...

ONE reports $285M Q2 profit; forecasts 2H loss

Ocean Network Express (ONE) has released its financial results for FY2025 2nd quarter (July 2025 to September 2025). The revenue for FY2025 2nd quarter was...

Costamare posts Q3 profit; expands fleet

Costamare Inc. reported unaudited financial results for the third quarter and nine-month period ended September 30, 2025. Discontinued operations as a result of Costamare Bulkers...

Höegh Autoliners Posts “Solid” Result in Q3

Höegh Autoliners continued to report solid financial performance in the third quarter of 2025. The gross revenue was USD 370 million/NOK 3,941 million, operating...

Piraeus Port sees revenue increase in 1H2025

PPA S.A. announced its financial results for the first half of 2025, reporting an increase in revenue and profitability, in a period that continues...

Scorpio Tankers Inc. Announces Financial Results for the Third Quarter of 2025 and an Increase to Its Quarterly Dividend

Scorpio Tankers Inc. reported its results for the three months ended September 30, 2025. The Company also announced that its board of directors (the...

Capital Clean Energy Carriers Announces Q3 Financial Results

Capital Clean Energy Carriers Corp., an international owner of ocean-going vessels, released its financial results for the third quarter ended September 30, 2025. Key Quarterly...

NORDEN announces preliminary financial results and raises full-year guidance

On the back of better-than-expected operational performance and rising markets, NORDEN upgrades the 2025 full-year guidance and now expects a net profit in the...

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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...

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...

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...

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...

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...