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Finance & Economy

Imabari Shipbuilding to acquire JMU, surpassing Hanwha Ocean ranked fourth in the global market

Imabari Shipbuilding, Japan’s largest shipbuilding company, is set to acquire additional shares in Japan Marine United (JMU), aiming to make it a subsidiary and...

TOP Ships announces approval of listing on the Nasdaq capital market for spin-off of Rubico

TOP Ships, an international owner and operator of modern, fuel-efficient “ECO” tanker vessels, announced that the application of Rubico, to list its common shares...

Caravel Group increases stake in Pacific Basin

The Caravel Group confirms that in recent weeks, we have made a series of on-market purchases of shares in Pacific Basin Shipping Limited, and...

Piraeus Bank co-finances Union Maritime’s first wind-assisted LR2

Piraeus, a Greek bank, is financing Union Maritime’s first LR2 tanker to harness wind energy. Union Maritime recently took delivery of “Brands Hatch“, the...

Golar LNG Limited announces proposed offering of $500 million of convertible senior notes due 2030

Golar LNG Limited announced that it intends to offer, subject to market and other conditions, $500 million aggregate principal amount of Convertible Senior Notes...

Cheniere board approves Corpus Christi LNG expansion project

Cheniere Energy (LNG.N), opens new tab said on Tuesday it approved the final investment decision for the expansion of the Corpus Christi liquefied natural...

Performance Shipping announces acceptance of a signed commitment letter from Alpha Bank A.E. to refinance existing facilities

Performance Shipping, a global shipping company specializing in the ownership of tanker vessels, announced that it has accepted a commitment letter whereby it intends...

Flex LNG to delist from Oslo Bors in mid-September

Euronext Oslo Børs has decided to delist the shares of Flex LNG from Euronext Oslo Børs. Pursuant to Rule Book II section 2.10.2 (2), Euronext...

GOGL – Golden Ocean and CMB TECH signed loan facilities of $2 billion to refinance outstanding debt in Golden Ocean

Golden Ocean and CMB.TECH announced the signing of a $2,000 million facilities agreement with a bank syndicate comprising a term loan facility of up...

EuroHoldings announces agreement between its majority shareholders and Marla Investments for 51.04% of the Company’s outstanding common shares

EuroHoldings, an owner and operator of ocean-going vessels and provider of seaborne transportation, announced that certain shareholders, all associated with the Pittas family, have...

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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...