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Finance & Economy

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...

Royal Caribbean eyes strong 2025 profit on robust cruise travel demand

Royal Caribbean said on Tuesday that 2025 was shaping up “to be another great year,” with a near 23% jump expected in adjusted earnings,...

Nakilat reports QR1.64bn net profit in 2024; suggests 14% total dividend

Qatar Gas Transport Company announced its financial results for the year ended 31 December 2024. The group continues to demonstrate robust financial performance, with...

Clean Energy carriers announces $75 Million share offering agreement

On January 27, 2025, Capital Clean Energy Carriers Corp. entered into a Sales Agreement with Jefferies LLC to potentially issue and sell up to...

Energean posts record year in 2024

Energean provided an update on recent operations and the Group's trading performance in the 12-months to 31 December 2024, together with guidance for 2025.

Dorian LPG declares irregular cash dividend of $0.70 per share

Dorian LPG updated its financial and operational outlook for the quarter ended December 31, 2024 and announced that its Board of Directors has...

Trafigura raises RMB1,500 million from new Panda Bond programme

Trafigura Group, a market leader in the global commodities industry, has successfully issued a 1,500 million renminbi-denominated bond with a tenor of three years,...

BW Product Services makes estimated $14 million Q4 gross profit

BW LPG provided an update on its Product Services’ Q4 2024 segment performance. For the quarter ending 31 December 2024, BW Product Services reported an...

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Seaspan Becomes First International Ship Owner & Operator to Access China’s Panda Bond Market

Seaspan, a leading independent maritime asset owner and operator, is pleased to announce the successful issuance of a RMB 1.5 billion Panda Bond in...

DHT Holdings Announces Record Second Quarter 2026 Results

DHT Holdings announced its results for the quarter ended June 30, 2026.

Dorian LPG posts record profit

Dorian LPG Ltd. (NYSE: LPG) (the “Company,” “Dorian LPG,” “we,” “us,” and “our”), a leading owner and operator of modern very large gas carriers...

Star Bulk Carriers Reports Strongest Quarterly Results Since Second Quarter Of 2022

Star Bulk Carriers announced its unaudited financial and operating results for the second quarter of 2026.

Genco Announces Q2 2026 Financial Results; Declares Dividend of $0.80 per Share for Q2 2026

Genco Shipping & Trading Limited (NYSE:GNK) (“Genco” or the “Company”), the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, reported...

Shipping Industry Sees Major Obstacles to Iran’s Hormuz Control Plan

A proposed deal between Iran and Oman that would give Tehran control over ships...

UK continues crackdown on Russia with tough new sanctions

Russian banks, shadow fleet ships and shady businesses have been slapped with UK sanctions...

Panama Canal Announces New Draft Adjustments for Neopanamax Locks

The Panama Canal Authority announced, through a notice to shipping companies, that effective August...

Iran Says Hormuz Shipping Route Announcement With Oman Nears

Iran and Oman have reached an understanding on the geographic coordinates for a shipping...

Yemen’s Houthis Deny Plans To Impose Fees On Ships Sailing Through Red Sea

Yemen’s Houthi-run maritime coordination body denied on Saturday that it planned to impose fees...

DP World Expands Cold Chain Capabilities With New €48m Antwerp Hub

DP World will build a new temperature-controlled logistics hub in the Port of Antwerp. The project begins with an initial investment of EUR 48...

Port of Klaipėda delivers strong performance in 1H2026

The Port of Klaipėda delivered a strong performance in the first half of the year, demonstrating resilience in a changing market environment and further...

DP World Accelerates Port Decarbonization in Chile

DP World is expanding the electrification of its port operations in Chile with the introduction of seven 100% electric Internal Transfer Vehicles (ITVs) and...

Piraeus container traffic remains resilient despite Red Sea shipping disruptions

Container traffic at the Port of Piraeus remained resilient in the first half of 2026 despite mounting disruption to global shipping caused by the...

Port of Long Beach, MARAD agree to test nuclear-powered vessels

The U.S. Department of Transportation’s Maritime Administration (MARAD) today joined leaders from California’s Port of Long Beach to celebrate a new partnership focused on...