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Finance & Economy

HMM sees 2024 earnings & profits rise

HMM reported revenue of KRW 11,700 billion (US$8 billion), operating profit of KRW 3,513 billion (US$2.42 billion), and net profit of KRW 3,781 billion...

FSL Trust posts $11m net profit in 2024

FSL Trust Management, the trustee manager of First Ship Lease Trust, reported a net profit of $9.3m (US$6.9m) and $11.2m (US$8.3m) for the second...

Danaos profitability ‘remains consistent’; 2 newbuilding containerships added to orderbook

Danaos Corporation, one of the world's largest independent owners of container vessels and drybulk vessels, reported unaudited results for the period ended December 31,...

Maersk reports third-best financial year

A.P. Moller - Maersk reports strong financial results for 2024 with growth across all segments and significantly improved profitability with EBIT increasing 65% to...

Norden takes profit hit in challenging year

NORDEN delivered a solid result with a net profit of USD 163 million (DKK ~1.2 bn) and a return on invested capital of 14%...

Sphinx extends Performance Shipping takeover offer

Sphinx Investment announced that it has extended the expiration date of its previously announced offer to purchase all of the issued and outstanding common...

Capital Clean Energy Carriers posts increased earnings

Capital Clean Energy Carriers, an international owner of ocean-going vessels, released its financial results for the fourth quarter ended December 31, 2024. Key Quarterly Highlights Announced...

DHT Holdings posts $181.5 million net profit in 2024

DHT Holdings announced its results for the quarter ended December 31, 2024.

Mærsk initiates share buy-back program

A.P. Møller - Mærsk A/S decided to initiate a share buy-back program of up to DKK 14.4 billion (around USD 2 billion) to be...

Costamare posts profitable 2024 in strong containership market

Costamare reported unaudited financial results for the fourth quarter and year ended December 31, 2024.

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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...

Iran tells Houthis to close Red Sea gateway if U.S. hits power network

Iran has asked Yemen’s Houthi movement to stand ready to close the Red Sea...

MPC Capital to become MPC Oceanic Group

Hamburg-based MPC Capital AG announced it will change its name to MPC Oceanic Group...

Greek merchant fleet increased by 1.8% in May 2026

The Greek Merchant Fleet increased by 1.8% in May 2026 compared with May 2025,...

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,...

Port of Antwerp-Bruges stands firm in a challenging first half of 2026

Cargo handling declined by 2.4%, the market share of containers remained stable, and investments are bolstering the future. In the first half of 2026, Port...

PPA S.A. publishes 2025 sustainability report

PPA S.A. continues to invest systematically in the sustainable development and modernization of the Port of Piraeus by integrating Environmental, Social and Governance (ESG)...

Port of Los Angeles records best June ever, tops 1 million container units

Dockworkers at the Port of Los Angeles moved 1,002,734 Twenty-Foot Equivalent Units (TEUs) in June, making it the busiest June in the Port's 118-year...

Port of Long Beach cargo up at year’s midpoint

Trade moving through the Port of Long Beach saw double-digit growth in June, running just ahead of last year’s record-setting pace halfway into 2026,...

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,...