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Finance & Economy

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...

Costamare Bulkers Holdings Posts H1 2025 Net Loss of $26.5 million

Costamare Bulkers Holdings Limited reported unaudited financial results for the six-month period ended June 30, 2025. Costamare Bulkers had no operating activity during the first...

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HHLA lowers earnings forecast for the 2026 financial year

Based on the business development to date and updated estimates for the fourth quarter of 2026, the Executive Board of Hamburger Hafen und Logistik...

Stena signs agreement to acquire Color Line

The Swedish industrial Group Stena AB, owner of ferry operator Stena Line, has entered into an agreement to acquire the Norwegian shipping company Color...

TEN announces common shares dividend and share repurchase authorization

TEN, Ltd., following the conclusion of the Company’s Strategy Meeting, the Company today announced that in January 2027 it will distribute its first semi-annual...

UK P&I Club and TT Club announce the successful completion of their joint acquisition of the Thomas Miller Holdings group

The UK P&I Club and TT Club announced the successful completion of their joint acquisition of the Thomas Miller Holdings group, marking a major...

Nakilat achieves QAR 1.29 billion net profit for the third quarter of 2026

Qatar Gas Transport Company Q.P.S.C. (Nakilat) announced its consolidated financial results for the third quarter of 2026 ended 30 September 2026, with a net...

Russia says it hit two cargo vessels and Ukrainian logistics hubs

The Russian Defence Ministry said on Sunday that its drones had struck a cargo...

RINA: Paolo Moretti appointed Group Chief Executive Officer

RINA S.p.A.’s new Board of Directors appointed Paolo Moretti, currently General Manager, as Group...

Seven Yield agrees charter deal for sisterships

Seven Yield has agreed five-year time charters for two pure car and truck carriers...

«Shaping the future of cruise tourism in Greece»: MSC group’s cruise division in Corfu

Representatives of the government, local authorities, port authorities and the tourism industry met on...

Iran’s IRGC Navy says seven vessels hit, warns US of wider response

Iran's Islamic Revolutionary Guard ​Corps Navy said ‌on Thursday that four vessels involved ​in...

Hellenic Ports Association: Port planning and EU funding in focus

Preparing Greek ports for the new 2028-2034 EU funding period and upgrading port infrastructure were at the centre of the 8th meeting of the...

CPP Investments and OMERS reach agreement to sell entire stakes in associated British Ports to a fund managed by IFM Investors

Canada Pension Plan Investment Board and OMERS today announced they have agreed to terms with a fund managed by IFM Investors to sell each...

MPA and China classification society strengthen partnership for a greener, smarter maritime future

The Maritime and Port Authority of Singapore (MPA) and the China Classification Society (CCS) have renewed their Memorandum of Understanding (MOU) to strengthen collaboration...

AD Ports Progressing in Reducing Emissions Intensity of Operations

AD Ports Group announced the release of its 2025 Sustainability Report, in which it highlights significant progress in its decarbonisation plans, including a 6%...

Container throughput at Piraeus’ Terminals II and III rises 15.3% in September

Container throughput at Terminals II and III at the port of Piraeus rose by 15.3% in September, despite many containerships continuing to divert around...