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Finance & Economy

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...

Golden Energy Offshore completes refinancing

Golden Energy Offshore Services ASA announced that the refinancing of the vessel Energy Swan has now been completed on terms aligned with the financing...

Seatrium: Expands sustainable finance framework with US$400 million sustainability-linked credit facility from UOB

Seatrium Limited announced that its wholly-owned subsidiary Seatrium Financial Services has successfully secured a US$400 million Sustainability-Linked Revolving Credit Facility with United Overseas Bank...

Genco Shipping & Trading closes new $600 million revolving credit facility, increasing borrowing capacity by 50%

Genco Shipping & Trading Limited, the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, announced it has closed a $600...

Hafnia announces signing of USD 715M revolving credit facility

Hafnia Limited announced the signing of a USD 715 million Revolving Credit Facility on 10 July 2025 secured by a modern fleet of 32...

PPA: Record-high dividend of 1.92 euros per share

The Piraeus Port Authority approved the distribution of the highest dividend in the company’s history, amounting to 1.92 euros (gross) per share for the...

Al Seer Marine secures AED 760 million finance

The Abu Dhabi-based Al Seer Marine, the ADX-listed subsidiary of IHC, has secured AED 760 million ($207m) financing facility from the Abu Dhabi Commercial...

Panama Canal reports strong economic health and a vibrant future during its Q3 market call

The Panama Canal Authority (ACP) provided the third quarterly market update, by highlighting key achievements and forward-looking strategies in a call hosted by Managing...

Ørsted secures project financing for Greater Changhua 2

Ørsted has reached financial close on a project finance package with 25 banks and 5 Export Credit Agencies (ECAs) to raise approximately TWD 90...

Gunvor secures US $1.335 billion sustainability-linked syndicated RCF with oversubscription

Gunvor Singapore, a wholly-owned subsidiary of Gunvor Group, has closed a US$1.285 billion sustainability-linked, syndicated revolving credit facility on 13 June 2025. The Facility, which...

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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...