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Finance & Economy

Samudera Shipping Line reports strong 1H2025 net profit

Asian container shipping line Samudera Shipping Line reported a two-fold increase in net profit to USD41.8 million, from USD20.9 million in 1H2024. This came...

Safe Bulkers posts Q2 profit; declares $0.05 dividend

Safe Bulkers, an international provider of marine drybulk transportation services, announced its unaudited financial results for the three and six-month periods ended June 30,...

Venture Global announces final investment decision and financial close for phase 1 of CP2 LNG

Venture Global announced a final investment decision (FID) and successful closing of the $15.1 billion project financing for the first phase of the company’s...

GOGL – Update on merger with CMB.TECH and change of VPS Registrar

Reference is made to the stock exchange announcement made by Golden Ocean Group and CMB.TECH NV on 28 May 2025, where a merger between...

Kpler’s acquisition of Spire Global’s maritime unit cleared by UK regulator

The UK’s Competition and Markets Authority has determined that Kpler’s acquisition of Spire Global’s maritime data business does not qualify for investigation. The decision was...

Hyundai Hyms sale kicks off as J& Private Equity sends out teaser letters

Hyundai Hyms Co., a Kosdaq-listed ship block manufacturer, is officially on the auction block as its private equity owner, J& Private Equity (J&PE), begins...

OceanPal announces pricing of upsized US$18.0 million public offering

OceanPal, a global shipping company specializing in the ownership of vessels, announced the pricing of its upsized public offering of 10,975,600 units at a...

BW LPG Successfully Closes Two Key Financing Facilities

BW LPG has successfully closed two key financing facilities - a USD380 million Term Loan and Revolving Credit Facility, and a USD215 million Term...

Diana Shipping acquires 7.7% stake in Genco

According to a recent SEC filing, Diana Shipping has made a $46m play on Genco Shipping & Trading. Diana's purchase of a 7.72% stake in...

Trafigura returns to USD debt market with USD500 million senior bond

Trafigura Group, a global leader in the commodities industry, has announced the issuance of a USD500 million senior RegS bond with a five-year maturity...

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Bahri reports first quarter 2026 results with net profit of SAR 2.15 billion

The National Shipping Company of Saudi Arabia (“Bahri” or the “Company”, 4030 on the Saudi Exchange), the Kingdom’s leading shipping and logistics provider, announced...

Subsea 7 S.A. announces first quarter 2026 results

Subsea 7 S.A announced results of Subsea7 Group (the Group, Subsea7) for the first quarter which ended 31 March 2026.  Highlights   • First quarter Adjusted EBITDA...

Pacific International lines delivers resilient earnings in FY2025

PIL Pte Ltd announced its financial results for the fiscal year ended 31 December 2025. The Group delivered net profit after tax of US$1.04...

ONE delivers profitable full-year result, despite volatility

Ocean Network Express has announced its financial results for FY2025 (April 2025 to March 2026). Revenue for 4Q FY2025 was US$4,042 million, bringing the total...

MOL sees sharp net profit drop

Mitsui O.S.K. Lines (MOL) has reported net profit attributable to shareholders amounting to JPY 213.2bn ($1.3bn), down 49.9% from JPY 425.4bn a year earlier. Ordinary...

Swedish coast guard seizes suspected false flag tanker in Baltic sea

The Swedish Coast Guard said on Sunday it had seized a tanker in the...

Trump says US operation will aid ships stranded in Strait of Hormuz

President Donald Trump said on Sunday the U.S. would start an effort on Monday...

Celestyal launches one-day flash sale with fares from 179€

Celestyal has announced a one-day-only flash sale, offering limited-time fares across a selection of...

Tamara de Gruyter, President, Wärtsilä Energy Storage and Executive Vice President to continue her...

Tamara de Gruyter, President, Wärtsilä Energy Storage and Executive Vice President, and a member...

Celestyal launches ‘The Iconic Sale’ with fares from €499

Celestyal has launched its new ‘Iconic Sale’, offering savings across its full Mediterranean and...

Stable cargo flows in the Port of Gothenburg despite mixed first-quarter performance

Container handling in the Port of Gothenburg continues to show positive development in terms of loaded cargo volumes. At the same time, the share...

PPA: Investment of 3.25 million euros

Piraeus Port Authority S.A. (PPA) announced the launch of works for the development of a new park featuring a model playground and a cycling...

Piraeus Port is resilient – Record performance and investments of 1.4 billion euros

The resilience and growth prospects of the Port of Piraeus, despite heightened geopolitical turbulence affecting shipping and transport, were highlighted by the Deputy CEO...

Panama Canal says $1 million-plus auction slots reflect temporary surge in demand

The Panama Canal Authority said on Thursday that some ships had recently paid more than $1 million for crossing slots at auction, but ​said...

Throughput in the port of Rotterdam remains stable, with a slight decline of 0.7%

Throughput at the port of Rotterdam fell slightly by 0.7% in the first quarter of 2026 compared with the same period last year. Throughput...