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Finance & Economy

Flex LNG delivers “stellar financial performance” in fourth quarter

Flex LNG announced its unaudited financial results for the three months and year ended December 31, 2024. Highlights: * Vessel operating revenues of $90.9 million for...

TTA successfully completes new bond issuance worth 800 million baht, reinforcing investor confidence

Thoresen Thai Agencies Public Company announced the successful completion of its latest bond issuance, totaling 800 million baht. The strong investor response reflects confidence...

BAHRI reports Q4 & full year 2024 results with record revenue and net profit

The National Shipping Company of Saudi Arabia, the Kingdom's leading shipping and logistics provider, announced its financial results for the fourth quarter and full year 2024 showing an 18% and a 34% increase in net profit,...

Stellar V Capital Corp. announces closing of $150 million initial public offering

Stellar V Capital Corp., a newly organized special purpose acquisition company formed as a Cayman Islands exempted company, announced the closing of its initial...

Dorian LPG announces third quarter fiscal year 2025 financial results

Dorian LPG, a leading owner and operator of modern very large gas carriers, reported its financial results for the three months ended December 31,...

Annual figures for Port of Antwerp-Bruges show growth despite challenging times

Port of Antwerp-Bruges will close 2024 with 2.3% growth in total throughput, amounting to 278 million tons. Despite geopolitical tensions and economic uncertainties, the...

Stolt-Nielsen sees operating profit drop in Q4

Stolt-Nielsen reported unaudited results for the fourth quarter and full year ended November 30, 2024. The Company reported a fourth-quarter net profit of $91.4...

Hapag Lloyd posts stronger fourth-quarter earnings

 Hapag-Lloyd published preliminary business figures for 2024. EBITDA and EBIT slightly higher than in 2023  Transport volume up 5%, to 12.5 million TEU Average freight rate at...

Nordea shows strength & resilience in 2024 financial results

Nordea presented fourth-quarter and full year results 2024. Continued income growth. Total income was up 1%. Net interest income was down 5% following policy rate...

Scorpio takes DHT stake to 7.45 pct

Scorpio Tankers has taken its shareholding in DHT Holdings from 4.9% to 7.45%, at a cost of USD 131.5 million. “Scorpio acquired the securities reported...

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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,...