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Finance & Economy

Höegh LNG Partners LP: Preliminary Financial Results for the Quarter Ended December 31, 2021

Höegh LNG Partners LP reported its preliminary financial results for the quarter ended December 31, 2021. Highlights 99.9% availability of FSRUs for the fourth quarter...

Seadrill Announces Emergence from Chapter 11

Seadrill announced that it has emerged from Chapter 11 after successfully completing its reorganization pursuant to its Chapter 11 plan of reorganization. The Plan...

Frontline posts modest fourth-quarter profit

Frontline reported unaudited results for the three and twelve months ended December 31, 2021. Highlights • Net income of $19.8 million, or $0.10 per basic...

Navios Partners: Outstanding results for fourth quarter, full year 2021

Navios Maritime Partners L.P., an international owner and operator of dry cargo and tanker vessels, reported its financial results for the fourth quarter and...

Star Bulk: Record–high profitability in 2021

Star Bulk, a global shipping company focusing on the transportation of dry bulk cargoes, announced its unaudited financial and operating results for the fourth...

Atlas posts Q4 net profit of $142.3 mln

Atlas Corp announced its results for the quarter and year ended December 31, 2021. Financial Highlights: Fourth quarter 2021 financial performance compared to fourth quarter 2020: Revenue...

SFL reports strong quarter

SFL Corporation Ltd. announced its preliminary financial results for the quarter ended December 31, 2021. Highlights • 72nd consecutive quarterly dividend declared, $0.20 per share • Operating...

Flex LNG posts record fourth-quarter figures

Flex LNG announced its unaudited financial results for the fourth quarter and year ended December 31, 2021. Highlights: • All time high revenues of $114.6 million...

Golden Ocean sees profits rise to record

Golden Ocean Group Limited, the world’s leading owner of large size dry bulk vessels, announced its unaudited results for the quarter and full year...

Maersk: Generational change of the Board of Directors

Robert Mærsk Uggla has been nominated as the new chair of the board at A.P. Moller – Maersk, succeeding Jim Hagemann Snabe. A company...

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Scorpio Tankers announces updates on its securities repurchase program and second quarter of 2024 daily TCE revenues

Scorpio Tankers announced updates on its securities repurchase program and second quarter of 2024 daily TCE revenues. Securities Repurchase Program The Company recently repurchased 641,654 of...

V. Group embarks on new chapter of growth as consortium led by STAR Capital assumes ownership

V.Group, the global provider of mission critical services to the maritime industry, announced that a consortium led by STAR Capital including Ackermans & van...

Navigator Gas announces 6 million share secondary offering

Navigator Holdings revealed that BW Group Limited, a shareholder in the company, is publicly offering 6 million shares of Navigator Gas's common stock. The...

Vantage Drilling contemplates the listing of its shares on Euronext Growth in Oslo

Vantage Drilling International is currently exploring a possible listing of its shares on Euronext Growth Oslo, a multilateral trading facility operated by Euronext. A...

London P&I Club reports strong financial results for the 2023/24 financial year

The London P&I Club announced its financial results for 2023/24, reporting an operating surplus of US$36.3m, strengthening its free reserves to US$149.8m. Gross Earned...

Denmark seeks to stop shadow tanker fleet carrying Russian oil

Denmark is considering ways to stop a so-called shadow fleet of tankers from carrying...

Baltic Index flat as gains in smaller vessels offset weaker capesize

The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry...

Yemen’s Houthis say they attacked two ships and American destroyer

Yemen’s Houthis said on Sunday that they had attacked two civilian ships along with...

Singapore marine bunker sales rebound after sliding four months

Marine bunker fuel sales in Singapore rebounded in May after logging monthly declines for...

Havila Shipping ASA: Contracts with Equinor Energy AS for the PSV vessels

The company has entered into contracts with Equinor Energy AS for the PSV vessels...

PPA: Two-day workshop on the preparation of the Regulation for tugboats

On May 29 and 30, 2024, PPA conducted an interactive workshop for the study and preparation of the Regulation for tugboats, following the issuance...

Zero Emission Port Alliance onboards leading organisations in container port industry

The Zero Emission Port Alliance (ZEPA) announces the onboarding of 11 organizations from the container port industry. Among the members are APM Terminals, CATL,...

Port Hedland Iron Ore Exports Up 8%

Pilbara Ports delivered a total monthly throughput of 68.8 million tonnes (Mt) for May 2024. This throughput was a 10 per cent increase compared to...

DP World announces major investments in Latin American ports to boost capacity and efficiency

DP World, a global leader in supply chain solutions, is making significant investments in its port terminals in Peru and Ecuador to enhance capacity...

PPA S.A.: Vibrant and engaging presence at Posidonia 2024

PPA S.A. once again showcases its vibrant and engaging presence at the prestigious Posidonia 2024 international shipping exhibition. Drawing a diverse array of visitors from...