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Finance & Economy

Euroseas posts financial results, declares quarterly dividend & announces containerships order

Euroseas, an owner and operator of container carrier vessels and provider of seaborne transportation for containerized cargoes, announced its results for the three and...

EuroDry posts sixth loss in seven quarters

EuroDry, an owner and operator of dry bulk vessels and provider of seaborne transportation for dry bulk cargoes, announced its results for the three...

Star Bulk reports net profit of $81.3 million for Q3 2024

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

Safe Bulkers announces a five million shares of common stock repurchase program

Safe Bulkers, an international provider of marine drybulk transportation services, announced that it has authorized a program under which it may from time to...

C3is posts net profit increase in Q3

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

Safe Bulkers posts “good quarter”, sees charter market gradually softening

Safe Bulkers, an international provider of marine drybulk transportation services, announced its unaudited financial results for the three and nine month periods ended September...

Fincantieri posts solid 9M results, lifts revenue forecast

The BoD of Fincantieri approved 9M 2024 results. STRONG ORDER INTAKE IN ALL BUSINESSES WITH TOTAL BACKLOG AT EURO 40.1 BILLION AND BACKLOG VISIBILITY UP...

MISC sees Q3 profit drop in complex market

Highlights of the MISC Group’s Financial Performance for the Third Quarter of 2024: Group revenue for the period ended 30 September 2024 was comparable to the...

Belships reports solid results in Q3

Belships ASA reported 3rd quarter 2024 results. HIGHLIGHTS  EBITDA of USD 27.0m including USD 1.5m from Norwegian Bulk Carriers Net result of USD 19.3m Declared dividend of...

Hapag-Lloyd achieves good result in first three quarters of 2024

Hapag-Lloyd concluded the first nine months of 2024 with a Group EBITDA of USD 3.6 billion (EUR 3.3 billion). The Group EBIT stood at...

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Scorpio Tankers announces financial results for the first quarter of 2026

Scorpio Tankers Inc. reported its results for the three months ended March 31, 2026. The Company also announced that its board of directors has...

Genco Shipping & Trading to review Diana Shipping’s unsolicited tender offer

Genco Shipping & Trading Limited, the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, confirmed that Diana Shipping, Inc. has...

Diana Shipping launches tender offer to acquire all outstanding shares of Genco Shipping & trading for $23.50 per share in cash

Diana Shipping Inc., a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels that owns approximately 14.8% of the...

Bahri reports first quarter 2026 results with net profit of SAR 2.15 billion

The National Shipping Company of Saudi Arabia (“Bahri” or the “Company”, 4030 on the Saudi Exchange), the Kingdom’s leading shipping and logistics provider, announced...

Subsea 7 S.A. announces first quarter 2026 results

Subsea 7 S.A announced results of Subsea7 Group (the Group, Subsea7) for the first quarter which ended 31 March 2026.  Highlights   • First quarter Adjusted EBITDA...

South Korea’s HMM says ship set ablaze in Strait of Hormuz to be towed...

South Korean shipper HMM, opens new tab said on Wednesday it had secured a...

Posidonia 2026 conference programme kicks off early with geopolitics dominant in industry agenda

From insurance and risk management to energy transition, digitalisation and maritime security, the Posidonia...

Swedish coast guard seizes suspected false flag tanker in Baltic sea

The Swedish Coast Guard said on Sunday it had seized a tanker in the...

Trump says US operation will aid ships stranded in Strait of Hormuz

President Donald Trump said on Sunday the U.S. would start an effort on Monday...

Celestyal launches one-day flash sale with fares from 179€

Celestyal has announced a one-day-only flash sale, offering limited-time fares across a selection of...

AD Ports Group, CMA Terminals Khalifa Port, and CMA CGM Group sign MoU to extend inland reach across the UAE and wider region

AD Ports Group, a leading global enabler of integrated trade, industry and logistics solutions, today signed a Memorandum of Understanding (MoU) with CMA Terminals...

Stable cargo flows in the Port of Gothenburg despite mixed first-quarter performance

Container handling in the Port of Gothenburg continues to show positive development in terms of loaded cargo volumes. At the same time, the share...

PPA: Investment of 3.25 million euros

Piraeus Port Authority S.A. (PPA) announced the launch of works for the development of a new park featuring a model playground and a cycling...

Piraeus Port is resilient – Record performance and investments of 1.4 billion euros

The resilience and growth prospects of the Port of Piraeus, despite heightened geopolitical turbulence affecting shipping and transport, were highlighted by the Deputy CEO...

Panama Canal says $1 million-plus auction slots reflect temporary surge in demand

The Panama Canal Authority said on Thursday that some ships had recently paid more than $1 million for crossing slots at auction, but ​said...