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Finance & Economy

Carlyle to acquire Altera Infrastructure Group’s FPSO business

Global investment firm Carlyle announced that it has agreed to acquire a diversified FPSO (Floating Production, Storage and Offloading) business from Altera Infrastructure Group,...

Cosco Shipping profit up in first half

COSCO SHIPPING Holdings reported higher earnings for the first half of 2025, citing stronger container volumes on intra-Asia, Africa/Latin America and mainland China routes,...

Transworld Shipping reveals Q1 FY26 results and acquisitions

Transworld Shipping Lines Limited has reported its unaudited financial results for the quarter ended 30 June 2025 and announced a series of strategic business...

Wallenius Wilhelmsen demonstrates strength in Q2

Wallenius Wilhelmsen maneuvered steadily through the second quarter with an EBITDA of USD 472m. “We see the strong demand, in particular in shipping, continuing...

EuroDry posts $3.1m net loss in Q2

EuroDry reported a net loss of $3.1m for the second quarter, compared with a $300,000 loss in the same period of 2024. Revenue was...

Okeanis reports profit of $26.9 million in Q2 2025

Okeanis Eco Tankers Corp. reported its unaudited condensed financial results for the second quarter and six-month period of 2025. Financial performance of the Second Quarter Ended June 30, 2025 Revenues of $93.9 million in Q2...

Euroholdings posts profitable quarter; turns focus to tankers

Euroholdings, an owner and operator of container carrier vessels and provider of seaborne transportation for containerized cargoes, announced today its results for the three-...

Excelerate Energy reports strong second quarter 2025 results and raises full-year guidance

Excelerate Energy, reported its financial results for the second quarter ended June 30, 2025. RECENT HIGHLIGHTS Reported Net Income of $20.8 million for the second quarter Reported...

OceanPal reports financial results for the six months ended June 30, 2025

OceanPal reported Financial Results for the six months ended June 30, 2025.

Pyxis Tankers announces financial results for the three months ended June 30, 2025

Pyxis Tankers Inc., an international shipping company, announced unaudited results for the three and six month periods ended June 30, 2025. For the three months...

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Ports

Piraeus Port sees 1H2025 revenue & profit increase

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...

Seacon Shipping to acquire 40% stake in CIMC Xinde Leasing and provide guarantee

Seacon Shipping Group Holdings Limited announced that its wholly owned subsidiary has agreed to acquire a 40 percent equity interest in CIMC Xinde Leasing...

KNOT Offshore Partners LP reports strong Q2 2025 results

KNOT Offshore Partners LP reported strong Q2 2025 results. Financial Highlights For the three months ended June 30, 2025 (“Q2 2025”), KNOT Offshore Partners LP...

TORM announces long term incentive program

In accordance with TORM plc’s Remuneration Policy adopted by the Annual General Meeting of TORM on 14 April 2021 and the authorization granted at...

Golar LNG announces pricing of $500 million offering of senior notes due 2030

Golar LNG Limited announced the pricing of a private offering of $500 million in aggregate principal amount of unsecured senior notes due 2030. The...

Carnival raises annual profit forecast on resilient cruise demand, high costs loom 

Carnival Corp raised its annual profit forecast on Monday, leaning on strong demand and...

Baltic index falls on decline across all vessel rates

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

The International Chamber of Shipping opens new office in Singapore

The International Chamber of Shipping (ICS) announced the inauguration of a new ICS Representative...

Greece continues to hold the “lead” in international shipping

Greece continues to hold the “lead” in international shipping, remaining in first place worldwide...

Baltic Index hits one-and-a-half year high on strong vessel demand

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

Piraeus Port sees 1H2025 revenue & profit increase

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...

DP World and Hapag-Lloyd renew agreement to boost port operations in Brazil

DP World, a global leader in logistics and supply chain solutions, announces the renewal of a long-term agreement with Hapag-Lloyd, one of the world’s...

Piraeus port: Container traffic remains steady in Jan-Aug

Container traffic at Piers II and III of the Container Terminal at the port of Piraeus remained at approximately the same levels as last...

Port of Los Angeles August cargo remains strong as high volume continues

After reaching new cargo heights in July, Port of Los Angeles volume remained strong in August. The Port efficiently processed 958,355 Twenty-Foot Equivalent Units...

Greek ports: Passenger traffic down; movement of goods up

The total passenger traffic in Greek ports recorded a decrease of 1.1% in the first quarter 2025 compared with the first quarter 2024, the...