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Finance & Economy

EuroHoldings initiates review of strategic alternatives to maximize shareholder value

EuroHoldings an owner and operator of ocean-going vessels and provider of seaborne transportation, announced that, following its spin-off from Euroseas Ltd. on March 18th...

Nakilat net profit rises 3.2% to QR433 mn in Q1

Qatar Gas Transport Company (Nakilat) on Tuesday announced that the company achieved a net profit of QR433 million, marking a 3.2 percent increase from...

Royal Caribbean posts $730m net income in Q1

Royal Caribbean Group reported first quarter Earnings per Share ("EPS") of $2.70 and Adjusted EPS of $2.71. These results were better than the company's guidance due to...

Kpler acquires Spire Maritime

Kpler completes acquisition of Spire Maritime, strengthening maritime intelligence capabilities. “This milestone marks a significant step forward in Kpler’s mission to deliver decision defining insights...

Yangzijiang Financial to spin-off maritime investments business

Yangzijiang Financial Holding proposed to spin off its Maritime investments segment on April 27, 2025. Ren Yuanlin will lead the Spin off Group. The...

Avance Gas Holding: First Quarter 2025 Earnings Release

Avance Gas Holding reported the first quarter 2025 earnings results.   Net profit of $42.6 million and earnings per share of $0.56 for the first...

NORDEN raises full-year guidance 2025

On the back of the increased gains from sales of vessels and good operational performance, NORDEN upgrades the 2025 full-year guidance and now expects...

Höegh Autoliners ASA: First quarter results and distribution of dividends

Höegh Autoliners continued to report solid financial performance in the first quarter of 2025. The gross revenue was USD 329 million/NOK 3,559 million, operating...

TechnipFMC announces first quarter 2025 results

TechnipFMC reported first-quarter 2025 results. Summary Financial Results from Continuing Operations Reconciliation of U.S. GAAP to non-GAAP financial measures are provided in financial schedules.  Three Months EndedChange(In...

Excelerate Energy announces pricing of $800 million upsized offering of 8.000% senior notes due 2030

Excelerate Energy announced that Excelerate Energy Limited Partnership, a subsidiary of Excelerate, has priced its offering of $800 million in aggregate principal amount of...

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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...