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Finance & Economy

Excelerate Energy announces full exercise and closing of option to purchase shares

Excelerate Energy, announced that the underwriters of its previously announced underwritten registered public offering of 6,956,522 shares of Class A common stock have fully...

Scorpio Tankers announces financial results for the first quarter of 2025 and the declaration of a dividend

Scorpio Tankers Inc. (NYSE: STNG) (“Scorpio Tankers” or the “Company”) today reported its results for the three months ended March 31, 2025. The Company...

COSCO’s profits surge ahead of U.S. tariff storm

Cosco Shipping Holdings Co.’s profit jumped, along with improved revenue from its transpacific routes, as customers front-loaded shipments ahead of new fees from the...

PPA reports strong growth in profitability and operations in Q1 2025

Piraeus Port Authority (PPA)’s profits showed significant improvement in the first quarter of 2025, compared to the first quarter of 2024, while the company’s...

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...

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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...