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Finance & Economy

DHT Holdings reports in-line quarterly profits

DHT Holdings reported earnings for the first quarter of 2025. The company reported adjusted net income of $0.15 per share on adjusted revenue of...

Fredriksen increases stake in Star Bulk

Shipping magnate John Fredriksen has increased his stake in the US-listed, Petros Pappas-led dry bulk giant Star Bulk Carriers. According to a relevant SEC filing,...

Trafigura raises a record USD390 million in the US Private Placement market

Trafigura Group, a global leader in the commodities industry, announced the successful pricing of a new US Private Placement transaction. The placement raised a...

Solstad Maritime applies for Oslo Stock Exchange listing

Solstad Maritime ASA has applied for listing of its shares on Euronext Oslo Børs with expected first day of trading mid-May 2025 · Solstad Maritime...

Navigator Gas announces signing of $300 million senior secured term loan and revolving credit facility

Navigator Holdings, the owner and operator of the world’s largest fleet of handysize liquefied gas carriers, announced on May 2, 2025, its subsidiaries Navigator...

Matson warns tariffs could lead to ‘meaningfully lower’ earnings

Matson, a leading U.S. carrier in the Pacific, reported net income of $72.3 million, or $2.18 per diluted share, for the quarter ended March...

Syria signs new 30-year deal with French shipping giant CMA CGM

Syria on Thursday signed a 30-year deal with French shipping and logistics group CMA CGM that includes building a new berth at Latakia...

Dorian LPG declares irregular cash dividend of $0.50 per share

Dorian LPG announced that its Board of Directors has declared an irregular cash dividend of $0.50 per share of the Company’s common stock. The total...

Fairfax Financial Holdings Limited: Financial Results for the First Quarter

Fairfax Financial Holdings Limited announces net earnings of $945.7 million ($42.70 net earnings per diluted share) in the first quarter of 2025 compared to...

Clarksons issues tariff profit warning

Clarksons has lowered its annual profit forecast, citing the impact of US tariffs. The London-listed shipbroker published a trading update ahead of its annual general...

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Seaspan Becomes First International Ship Owner & Operator to Access China’s Panda Bond Market

Seaspan, a leading independent maritime asset owner and operator, is pleased to announce the successful issuance of a RMB 1.5 billion Panda Bond in...

DHT Holdings Announces Record Second Quarter 2026 Results

DHT Holdings announced its results for the quarter ended June 30, 2026.

Dorian LPG posts record profit

Dorian LPG Ltd. (NYSE: LPG) (the “Company,” “Dorian LPG,” “we,” “us,” and “our”), a leading owner and operator of modern very large gas carriers...

Star Bulk Carriers Reports Strongest Quarterly Results Since Second Quarter Of 2022

Star Bulk Carriers announced its unaudited financial and operating results for the second quarter of 2026.

Genco Announces Q2 2026 Financial Results; Declares Dividend of $0.80 per Share for Q2 2026

Genco Shipping & Trading Limited (NYSE:GNK) (“Genco” or the “Company”), the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, reported...

Shipping Industry Sees Major Obstacles to Iran’s Hormuz Control Plan

A proposed deal between Iran and Oman that would give Tehran control over ships...

UK continues crackdown on Russia with tough new sanctions

Russian banks, shadow fleet ships and shady businesses have been slapped with UK sanctions...

Panama Canal Announces New Draft Adjustments for Neopanamax Locks

The Panama Canal Authority announced, through a notice to shipping companies, that effective August...

Iran Says Hormuz Shipping Route Announcement With Oman Nears

Iran and Oman have reached an understanding on the geographic coordinates for a shipping...

Yemen’s Houthis Deny Plans To Impose Fees On Ships Sailing Through Red Sea

Yemen’s Houthi-run maritime coordination body denied on Saturday that it planned to impose fees...

DP World Expands Cold Chain Capabilities With New €48m Antwerp Hub

DP World will build a new temperature-controlled logistics hub in the Port of Antwerp. The project begins with an initial investment of EUR 48...

Port of Klaipėda delivers strong performance in 1H2026

The Port of Klaipėda delivered a strong performance in the first half of the year, demonstrating resilience in a changing market environment and further...

DP World Accelerates Port Decarbonization in Chile

DP World is expanding the electrification of its port operations in Chile with the introduction of seven 100% electric Internal Transfer Vehicles (ITVs) and...

Piraeus container traffic remains resilient despite Red Sea shipping disruptions

Container traffic at the Port of Piraeus remained resilient in the first half of 2026 despite mounting disruption to global shipping caused by the...

Port of Long Beach, MARAD agree to test nuclear-powered vessels

The U.S. Department of Transportation’s Maritime Administration (MARAD) today joined leaders from California’s Port of Long Beach to celebrate a new partnership focused on...