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Finance & Economy

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...

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...

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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...