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Finance & Economy

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...

GULFNAV successfully completes mandatory convertible bond offering

Gulf Navigation Holding PJSC, a leading maritime and shipping company listed on the Dubai Financial Market, announced the successful completion of its AED 500...

Taylor Maritime sells ten vessels, repays bank debt

London-listed Taylor Maritime has confirmed the sale of ten vessels for combined gross proceeds of $176.3 million. The shipping company has now paid off...

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Greek shipping industry turns to Euronext Athens

The Greek shipping community is turning its attention to Euronext Athens. Safe Bulkers, owned by Polys V. Hajioannou, made the first move. The company pursued...

TOP Ships announces net income of $6.5 million, diluted earnings per share of $0.61 and stockholders’ equity of $76.7 million for the six months...

TOP Ships Inc., an international owner and operator of modern, fuel-efficient “ECO” tanker vessels, announced its financial results for the six months ended June...

TORM announces secondary public offering of its class A common shares by a selling shareholder

TORM plc announced the commencement of a secondary public offering of 9,000,000 of the Company’s Class A common shares by OCM Njord Holdings S.à...

TEN sees 300% plus increase in 6-month net income; record 1H revenues

TEN reported results (unaudited) for the six months and the second quarter ended June 30, 2026. FIRST HALF 2026 SUMMARY RESULTS TEN's fleet generated record gross...

Samsung seeks $186 million from CMA CGM in landmark FMC complaint

Samsung Electronics America (SEA) has filed a formal complaint against CMA CGM with the US Federal Maritime Commission (FMC), demanding at least $186 million...

Cruise Industry report shows measurable progress in environmental technologies and practices

Cruise Lines International Association (CLIA), the leading voice of the global cruise industry, released...

Stop attacking merchant ships and seafarers: IMO Secretary-General to Member States

The Secretary-General of the International Maritime Organization, Mr. Arsenio Dominguez, has called on Member...

Iran says struck oil tanker in Strait of Hormuz

Iran's Revolutionary Guards said Friday they struck an oil tanker sailing under the Togolese...

World’s first ship-to-ship ammonia bunkering to an ammonia-fueled vessel

Demonstrating a Fuel-Supply Operation Essential for Deployment of Next-Generation Fueled Vessels NYK Line, with Japan...

M/MARITIME: Focus on Greek-Japanese maritime ties

The close shipping ties between Greece and Japan were highlighted at a meeting at...

Piraeus container traffic soars 18% in August

Container throughput at the port of Piraeus remained strong in August, with a significant improvement recorded at Terminals II and III as the global...

Port of Los Angeles posts best three-month cargo stretch in its history

Port of Los Angeles waterfront workers processed  955,907 Twenty-Foot Equivalent Units (TEUs) in August, capping the busiest three consecutive months in Port history. More...

ATI and DP World commission six new hybrid cranes at manila South Harbour

Strategic partners DP World and Asian Terminals Inc. (ATI) have commissioned six state-of-the-art hybrid Rubber-Tyred Gantry (RTG) cranes at Manila South Harbour (MSH), strengthening...

PCT S.A.: New customs licence for cargo arriving by rail

A step towards enhancing the operational efficiency of the Piraeus Container Terminal is the granting of an Authorised Consignee licence to PCT S.A. by...

ZIM: Updated freight rates from Mediterranean & Black Sea ports

Updated Freight Rates from all Mediterranean ports & Black Sea ports to all USEC & Gulf, Puerto Rico, Canada, Mexico, Caribbean & South America...