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Finance & Economy

Excelerate Energy reports strong first quarter 2025 results and raises full-year guidance

Excelerate Energy reported its financial results for the first quarter ended March 31, 2025. RECENT HIGHLIGHTS Reported Net Income of $52.1 million for the first quarter Reported...

Pyxis Tankers announces loan commitment for potential fleet expansion

Pyxis Tankers, an international shipping company, announced that it had signed a commitment letter with an existing bank for a “hunting license” loan facility...

Navios Partners: Q1 revenues and profits down on lower charter rates

Navios Maritime Partners, an international owner and operator of dry cargo and tanker vessels, reported its financial results for the first quarter ended March...

Norway’s DNB tops quarterly profit forecast on lending, advisory income growth

Norway's largest bank DNB, opens new tab reported better than expected first-quarter earnings on Wednesday, boosted by lending growth, strong demand for advisory services...

2020 Bulkers sees significant profit drop in Q1

2020 Bulkers announced its unaudited financial and operating results for the three months ended March 31, 2025. Key events during the first quarter of 2025–       ...

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...

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Greek shipping industry turns to Euronext Athens

The Greek shipping community is turning its attention to Euronext Athens. Safe Bulkers, owned by Polys V. Hajioannou, made the first move. The company pursued...

TOP Ships announces net income of $6.5 million, diluted earnings per share of $0.61 and stockholders’ equity of $76.7 million for the six months...

TOP Ships Inc., an international owner and operator of modern, fuel-efficient “ECO” tanker vessels, announced its financial results for the six months ended June...

TORM announces secondary public offering of its class A common shares by a selling shareholder

TORM plc announced the commencement of a secondary public offering of 9,000,000 of the Company’s Class A common shares by OCM Njord Holdings S.à...

TEN sees 300% plus increase in 6-month net income; record 1H revenues

TEN reported results (unaudited) for the six months and the second quarter ended June 30, 2026. FIRST HALF 2026 SUMMARY RESULTS TEN's fleet generated record gross...

Samsung seeks $186 million from CMA CGM in landmark FMC complaint

Samsung Electronics America (SEA) has filed a formal complaint against CMA CGM with the US Federal Maritime Commission (FMC), demanding at least $186 million...

Vessels trickle through Strait of Hormuz as Middle East conflict persists

A total of 17 commodity vessels transited the Strait of Hormuz on the weekend,...

Greek shipping a key pillar of economy, citizens’ daily lives, minister says

The importance of Greek shipping to the economy and citizens’ everyday lives was highlighted...

Qatar Energy Chief says Bessent ‘wrong’ about Hormuz future

Qatari Energy Minister Saad Al-Kaabi said Treasury Secretary Scott Bessent is “wrong” when he...

Cruise Industry report shows measurable progress in environmental technologies and practices

Cruise Lines International Association (CLIA), the leading voice of the global cruise industry, released...

Stop attacking merchant ships and seafarers: IMO Secretary-General to Member States

The Secretary-General of the International Maritime Organization, Mr. Arsenio Dominguez, has called on Member...

Piraeus container traffic soars 18% in August

Container throughput at the port of Piraeus remained strong in August, with a significant improvement recorded at Terminals II and III as the global...

Port of Los Angeles posts best three-month cargo stretch in its history

Port of Los Angeles waterfront workers processed  955,907 Twenty-Foot Equivalent Units (TEUs) in August, capping the busiest three consecutive months in Port history. More...

ATI and DP World commission six new hybrid cranes at manila South Harbour

Strategic partners DP World and Asian Terminals Inc. (ATI) have commissioned six state-of-the-art hybrid Rubber-Tyred Gantry (RTG) cranes at Manila South Harbour (MSH), strengthening...

PCT S.A.: New customs licence for cargo arriving by rail

A step towards enhancing the operational efficiency of the Piraeus Container Terminal is the granting of an Authorised Consignee licence to PCT S.A. by...

ZIM: Updated freight rates from Mediterranean & Black Sea ports

Updated Freight Rates from all Mediterranean ports & Black Sea ports to all USEC & Gulf, Puerto Rico, Canada, Mexico, Caribbean & South America...