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Finance & Economy

DIS reports “another very profitable quarter”

The Board of Directors of d'Amico International Shipping, a leading international marine transportation company operating in the product tanker market, today examined and approved...

Costamare posts USD 95 mln net income in 1Q2025

Costamare reported unaudited financial results for the first quarter ended March 31, 2025 (“Q1 2025”). I. PROFITABILITY AND LIQUIDITY • Q1 2025 Net Income available to...

Capital Clean Energy Carriers sees Q1 profit jump 44%

Capital Clean Energy Carriers, an international owner of ocean-going vessels, released its financial results for the first quarter ended March 31, 2025. Key Quarterly Highlights New...

Maersk reports solid results in increasingly volatile environment

For the first quarter of 2025 A.P. Moller - Maersk A/S reports revenue growth of 7.8% to USD 13.3bn with EBIT increasing to USD...

Torm first quarter net profit comes in at USD 62.9 million

TORM reported Q1 2025 Results, Dividend Distribution, and Financial Outlook 2025. “TORM delivered a solid first-quarter result in line with our expectations despite continued geopolitical...

Bahri reports first quarter 2025 results with 18% net profit growth

The National Shipping Company of Saudi Arabia ("Bahri"), the Kingdom's leading shipping and logistics provider, announced its financial results for the first quarter of 2025 reporting an 18% increase in net profit to SAR 533 million, compared...

Teekay Tankers reports First Quarter 2025 Results and Declares Dividends

Teekay Tankers reported the Company's results for the quarter ended March 31, 2025 and announced that its Board of Directors has declared its fixed...

Wallenius Wilhelmsen delivers stability and a strong Q1 in an uncertain market

Wallenius Wilhelmsen delivers a strong Q1 result with an EBITDA of USD 462m. “We deliver solid financial results despite seasonally low volumes, soft H&H...

Ocean Yield increasing its investment in Geogas LNG

Ocean Yield AS announced last year an investment in Geogas LNG, which provided an indirect economic interest of 34% in the French company France...

Ardmore Shipping Corporation announces Financial Results for the three months ended March 31, 2025

Ardmore Shipping Corporation announced results for the three months ended March 31, 2025. Highlights and Recent Activity Reported Adjusted earnings and net income attributable to common stockholders...

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DNB: Solid results driven by lending growth and high customer activity

DNB recorded profits after tax of NOK 9.8 billion in the second quarter of 2026.  “The level of activity in the Norwegian economy is high...

OOIL announces operational update for 2Q2026

The Board of Directors of Orient Overseas (International) Limited has adopted a policy of announcing unaudited operational updates for Orient Overseas Container Line (“OOCL”)...

Seanergy Maritime’s bond begins trading on Euronext Athens after raising 95.6 million euros

Seanergy Maritime Holdings’ corporate bond began trading on Euronext Athens on Tuesday, with Chairman and Chief Executive Officer Stamatis Tsantanis ringing the traditional opening...

Hapag-Lloyd raises annual outlook on strong demand, freight rates

German shipping firm Hapag-Lloyd on Monday raised its outlook ​for the financial year, citing strong market ‌demand and positive freight rate developments. Hapag-Lloyd said it...

Diana Shipping Inc. announces extension of tender offer for all outstanding shares of Genco Shipping & Trading

Diana Shipping Inc., a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels that is the largest shareholder of...

Russian attack on Ukraine’s Odesa kills three, official says

A Russian attack on Ukraine's ​Black Sea port city of ‌Odesa killed three, a...

Iran-linked vessels pass through Hormuz ahead of US blockade

The number of vessels transiting through the Strait of Hormuz ticked up on Tuesday,...

IMO Council reaffirms commitment to protecting vital shipping lanes

The Council of the International Maritime Organization has concluded its 137th session by reaffirming...

Hormuz traffic slows to multi-week low as renewed US, Iran strikes raise safety risk

The number of vessels transiting the Strait of Hormuz fell to multi-week lows on...

Russia says Ukraine struck tanker in Sea of Azov

A Ukrainian drone struck a tanker as it ​was entering the Azov-Black Sea ‌Canal,...

Greek Shipping Minister visits Piraeus Port

Minister of Maritime Affairs and Insular Policy Vassilis Kikilias visited the Port of Piraeus on Tuesday ahead of the peak summer holiday travel period,...

Hapag-Lloyd uses shore power in the Port of Hamburg

Hapag-Lloyd, the world’s fifth-largest container shipping company, has signed an agreement with the Hamburg Port Authority (HPA) on the use of shore power in...

DP World drives record efficiency and vessel performance at DAR Es Salaam port

DP World Dar Es Salaam has achieved record vessel performance and reduced cargo discharge times by more than 90% at the Port of Dar...

Piraeus Container Terminal marks 16 years, reports rise in cargo volumes

Piraeus Container Terminal (PCT) marked 16 years of operations, highlighting the contribution of its employees and partners in transforming the port of Piraeus into...

PPA S.A.: Gross dividend of 1.896 euros per share approved

The Piraeus Port Authority (PPA) successfully held its Annual General Meeting of Shareholders, in accordance with the applicable procedures, with shareholders representing 83.40% of...