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Finance & Economy

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...

NORDEN raises full-year guidance 2025

On the back of the increased gains from sales of vessels and good operational performance, NORDEN upgrades the 2025 full-year guidance and now expects...

Höegh Autoliners ASA: First quarter results and distribution of dividends

Höegh Autoliners continued to report solid financial performance in the first quarter of 2025. The gross revenue was USD 329 million/NOK 3,559 million, operating...

TechnipFMC announces first quarter 2025 results

TechnipFMC reported first-quarter 2025 results. Summary Financial Results from Continuing Operations Reconciliation of U.S. GAAP to non-GAAP financial measures are provided in financial schedules.  Three Months EndedChange(In...

Excelerate Energy announces pricing of $800 million upsized offering of 8.000% senior notes due 2030

Excelerate Energy announced that Excelerate Energy Limited Partnership, a subsidiary of Excelerate, has priced its offering of $800 million in aggregate principal amount of...

CMB.TECH buys Hemen stake in Golden Ocean

CMB.TECH NV announced that it has entered into a share purchase agreement with Hemen Holding Limited, for the acquisition of 81,363,730 shares in Golden...

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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...