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Finance & Economy

Caravel Group acquire India’s International Maritime Institute

Dr. Harry S. Banga and Mr. Angad Banga of The Caravel Group announced their acquisition of the International Maritime Institute (IMI), India’s premier maritime...

C3is sees revenue increase in 2024; fleet capacity trebled

C3is, a ship-owning company providing dry bulk and tanker seaborne transportation services, announced its unaudited financial and operating results for the fourth quarter and...

Clarksons posts new profit record

Clarkson PLC announced preliminary results for the 12 months ended 31 December 2024. Summary ·       Another record underlying profit before taxation* of £115.3m (2023: £109.2m), an...

A.P. Moller Capital acquires 40% stake in Philippines logistics company

A.P. Moller Capital, through EMIF II Holding III B.V., has entered into a binding agreement to acquire 40% of AC Logistics, currently a wholly-owned...

MOL acquires LBC Tank Terminals

Mitsui O.S.K. Lines announced its decision to acquire 100% of the membership rights of LBC Tank Terminals Group Holding Netherlands Coöperatief U.A., one of...

Euroseas announces approval of Nasdaq Capital Market listing for Euroholdings

Euroseas has requested that the registration statement on Form 20-F of Euroholdings be declared effective by the Securities and Exchange Commission on or around...

Lauritzen Bulkers buys Canadian breakbulk operator

Lauritzen Bulkers has acquired Alexander & Blake, a Canadian breakbulk and parcel shipping company. This acquisition adds valuable competencies and strong client relations to...

Venture Global shares slump on downbeat annual core profit outlook

Venture Global's, opens new tab shares on Thursday slumped to its lowest level since its debut as the LNG producer forecast its 2025 core...

CMA CGM announces $20 billion investment in America’s maritime transportation, logistics and supply chain capabilities

CMA CGM Group, a global leader in sea, land, air, and logistics solutions, and owner of the U.S. flag carrier American President Lines (APL),...

Seanergy posts record 2024 profitability

Seanergy Maritime Holdings Corp., a leading pure-play Capesize shipping company, announced its financial results for the fourth quarter and twelve months ended December 31,...

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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...