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Finance & Economy

Vantage Corp announces pricing of $13 million initial public offering

Vantage Corp, a shipbroking company providing comprehensive services including brokerage, consultancy, and operational support in the tanker market, announced the pricing of its underwritten...

Attica Group plans 700-million-euro investments by the end of the decade

The Attica group plans to invest 700 million euros in the further development of its fleet by the end of the decade, focusing on...

EuroDry: Low charter markets impact on Q1 results

EuroDry, an owner and operator of drybulk vessels and provider of seaborne transportation for drybulk cargoes, announced today its results for the three-month period...

Strategic Shipping acquires additional shares in Pangaea Logistics Solutions

Strategic Shipping, a 10% owner in Pangaea Logistics Solutions Ltd., has reported the purchase of 72,825 common shares across three transactions on May 29,...

EnTrust Global’s Blue Ocean marks record year with SEACOR Marine, Belships ASA, and Rocktree Group deals

Blue Ocean, a maritime finance investment platform managed by EnTrust Global, a leading alternative asset management firm, announced that it deployed over $2.1 billion...

Union Maritime launches financing scheme to boost wind propulsion

Union Maritime is developing a new lease financing program aimed at accelerating the adoption of wind-assisted propulsion systems (WAPS) in the maritime sector. The program,...

Stena AB posts first quarter loss

The Stena AB Group’s interim report for the first quarter of 2025 was published on May 27, 2025.

Eni: exclusivity agreement signed with GIP for the potential sale of a co-control stake in Eni CCUS Holding

Eni has signed an agreement to enter into a period of exclusivity with Global Infrastructure Partners, a leading global infrastructure investor and a part...

Diana Shipping posts growing profit in Q1; keeps dividend steady

Diana Shipping, a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, reported net income of $3.0 million and...

MISC off to a slow start with 22% drop in Q1 revenue, PAT lower at RM 705 million

Shipping giant, MISC reported a revenue of RM2.8 billion which was RM822.2 million or 22.6% lower than the quarter ended 31 March 2024 of...

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COSCO profit jumps most in two years as turmoil supports rates

Cosco Shipping Holdings Co. earnings jumped the most in two years as persistent geopolitical disruptions rerouted trade routes, tying up more of its vessels...

NORDEN reports strong Q3 results and raises full-year guidance

NORDEN delivered a net profit of USD 54 million (DKK ~350 million) in the third quarter of 2026, supported by strong markets and solid...

Q3 2026: KONGSBERG delivers a strong third quarter with a record-high order backlog

Kongsberg Gruppen ASA increased its revenues by 50 per cent to NOK 11.3 billion in the third quarter. High activity levels and strong demand...

Noble Corporation announces third quarter 2026 results

Noble Corporation announced third quarter 2026 results. Approximately $560 million in new contract value awarded since the July fleet status report; backlog stands at $6.7 billion. $0.50...

Scorpio Tankers Announces Financial Results for the Third Quarter of 2026

 Scorpio Tankers reported its financial results for the third quarter of 2026, highlighting the company’s latest financial performance.    

Greek-owned containership sinks off Bulgaria after attack by three sea drones

The Greek-managed containership Contship Jet has sunk off the Bulgarian coast after being attacked...

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...

COSCO SHIPPING Ports announces 2026 third quarter results

COSCO SHIPPING Ports Limited, the world’s leading ports logistics service provider, today announced the results of the Company and its subsidiaries (the ‘Group’) for...

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%...