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Finance & Economy

Diana Shipping posts profitable quarter

Diana Shipping, a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, reported net income of $9.7 million and...

Safe Bulkers announces a three 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...

Wilh. Wilhelmsen initiating offer to buy back own shares

With reference to the authorization given by the Annual General Meeting of Wilh. Wilhelmsen Holding ASA on 2 May 2024 for the Board of...

EuroDry: Low market in Q4 reflected in financial results

EuroDry, an owner and operator of drybulk vessels and provider of seaborne transportation for drybulk cargoes, announced its results for the three and twelve-month...

StelathGas posts record annual profits for 3rd consecutive year

STEALTHGAS, a ship-owning company serving the liquefied petroleum gas sector of the international shipping industry, announced today its unaudited financial and operating results for...

OSM Thome welcomes new institutional investors

OSM Thome announced that institutional investors advised by J.P. Morgan Asset Management’s Global Transportation Group will acquire a stake in global ship management company...

Abu Dhabi exports office grows nine-lender finance facility for energy trader BGN to more than $230m

Abu Dhabi Exports Office and First Abu Dhabi Bank, leading a syndicate of nine UAE lenders, have successfully more than doubled a finance facility...

Teekay Tankers reported the fourth quarter and annual 2024 financial results.

Teekay Tankers reported the fourth quarter and annual 2024 financial results.

Genco 2024 earnings grow; 22nd consecutive quarterly dividend announced

Genco Shipping & Trading Limited, the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, reported its financial results for the...

Okeanis posts profit of $108.9 million in 2024

Okeanis Eco Tankers reported its unaudited condensed financial results for the fourth quarter and twelve-month period of 2024, which are attached to this press release. Financial performance of...

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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...