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Finance & Economy

Trafigura publishes 2024 annual results

Trafigura, a market leader in the global commodities industry, released results for its financial year ending 30 September 2024. Performance Net profit for the period of...

Igneo Infrastructure Partners to acquire the ownership interest in Höegh Evi

Höegh Evi announced that funds managed by Igneo Infrastructure Partners have entered into agreements to acquire a 50% ownership stake in Larus Holding Limited,...

Castor Maritime announces the acquisition of a majority stake in MPC Münchmeyer Petersen Capital AG

Castor Maritime, a diversified global shipping company, announces that on December 12, 2024, it entered, through a wholly owned subsidiary, into an Share Purchase...

Toro announces the provision of a senior term loan to Castor Maritime

Toro Corp., an international energy transportation services company, announces the agreement to provide a $100 million senior term loan facility to Castor Maritime. The...

Scorpio Tankers announces commitments for new $500.0 million Revolving Credit Facility

Scorpio Tankers announced that it has received commitments from a group of financial institutions for a revolving loan of up to $500.0 million (the...

TUI reports strong earnings growth from cruise business

The German travel giant TUI Group reported earnings growth from its cruise business.

Petredec announces sale of majority stake in Carib LPG

Petredec Holdings announced the sale of its 60 per cent stake in Carib LPG Holdings, a leading LPG logistics and trading company incorporated in...

KNOT Offshore announces Q3 Interim Results

For the three months ended September 30, 2024, KNOT Offshore Partners LP: Generated total revenues of $76.3 million, operating income of $17.2 million and net...

McQuilling invests in SulNOx Group

McQuilling Partners announced that a wholly owned subsidiary has invested in SulNOx Group PLC and will be the preferred partner to promote and sell...

Saverex to launch public takeover bid on Exmar NV

Saverex NV announced that it intends to launch a voluntary and conditional public takeover bid for all shares of Exmar NV (“Exmar”) not already...

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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...