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Finance & Economy

C3is announces reverse stock split

C3is announced that its board of directors has determined to effect a one-for-six (1-for-6) reverse stock split of the Company’s common stock, par value...

Nova Marine Carriers, Marcegaglia form shipping JV

Nova Marine Carriers has established a joint venture with Marcegaglia, developed with the support of OD SHIPPING. According to a Nova Marine Carriers announcement, “this...

Stolt-Nielsen Limited announces intention to relaunch share buy-back programme

Stolt-Nielsen Limited announced that it intends to continue the share buy-back programme announced on March 2, 2016. Under the 2016 buy-back programme, the Board...

Diana Shipping celebrates 20 years on NYSE

Diana Shipping’s CEO Semiramis Paliou has pledged to continue to focus on the dry bulk market. Diana Shipping’s CEO rang the New York Stock...

A.P. Moller Holding announces recommended voluntary purchase offer for all issued shares in Svitzer

A.P. Moller Holding, the largest shareholder in Svitzer Group A/S (Svitzer) has, through its wholly owned subsidiary APMH Invest A/S, announced a recommended voluntary...

Piraeus Port posts strong 2024 financial results

Piraeus Port Authority S.A. (PPA) reported financial results for the fiscal year 2024, posting record-high net profit and dividend distribution, along with strong performance...

TEN Reports Profits for the 12 Months and Fourth Quarter Ended December 31, 2024

TEN, Ltd (TEN) reported results (unaudited) for the twelve months and fourth quarter ended December 31, 2024. TWELVE MONTHS 2024 SUMMARY RESULTS TEN generated $804.1 million...

DNV’s growth continues

DNV reported operating revenues of 34,966 million NOK in 2024 and has already surpassed its revenue target for the 2021–2025 strategy period. The company...

Carnival Corporation posts record Q1 $5.8b revenues in 2025

Carnival Corporation & plc announced financial results for the first quarter 2025 and provided an updated outlook for the full year and an outlook...

Fred. Olsen Ocean divests 50% ownership in United Wind Logistics GmbH

Fred. Olsen Ocean, a wholly owned subsidiary of Bonheur ASA, hasentered into an agreement for the sale of its 50% stake in United WindLogistics...

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BW LPG Limited – Update on BW LPG’s Product Services Q2 2026 segment performance

BW LPG provided an update on its Product Services’ (“BW Product Services”) Q2 2026 segment performance. Q2 2026 highlights: Gross trading result: – USD 19 million This...

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...

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...