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Finance & Economy

DHT Holdings posts $181.5 million net profit in 2024

DHT Holdings announced its results for the quarter ended December 31, 2024.

Mærsk initiates share buy-back program

A.P. Møller - Mærsk A/S decided to initiate a share buy-back program of up to DKK 14.4 billion (around USD 2 billion) to be...

Costamare posts profitable 2024 in strong containership market

Costamare reported unaudited financial results for the fourth quarter and year ended December 31, 2024.

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...

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Noble Corporation announces third quarter 2026 results

Noble Corporation announced third quarter 2026 results. Approximately $560 million in new contract value awarded since the July fleet status report; backlog stands at $6.7 billion. $0.50...

Scorpio Tankers Announces Financial Results for the Third Quarter of 2026

 Scorpio Tankers reported its financial results for the third quarter of 2026, highlighting the company’s latest financial performance.    

Danske Bank profit rises more than expected on high activity, low losses

Danske Bank on Thursday reported a ​third-quarter net profit above estimates, citing solid ‌customer activity and strong credit quality, and narrowed its full-year profit...

Boluda Shipping signs agreement to acquire Samskip and jointly build Europe’s leading short-sea network

Boluda Shipping and Samskip have signed an agreement under which Boluda Shipping will acquire Samskip. The acquisition will pave the way for Europe’s most...

HHLA lowers earnings forecast for the 2026 financial year

Based on the business development to date and updated estimates for the fourth quarter of 2026, the Executive Board of Hamburger Hafen und Logistik...

Russia says it hit two cargo vessels and Ukrainian logistics hubs

The Russian Defence Ministry said on Sunday that its drones had struck a cargo...

RINA: Paolo Moretti appointed Group Chief Executive Officer

RINA S.p.A.’s new Board of Directors appointed Paolo Moretti, currently General Manager, as Group...

Seven Yield agrees charter deal for sisterships

Seven Yield has agreed five-year time charters for two pure car and truck carriers...

«Shaping the future of cruise tourism in Greece»: MSC group’s cruise division in Corfu

Representatives of the government, local authorities, port authorities and the tourism industry met on...

Iran’s IRGC Navy says seven vessels hit, warns US of wider response

Iran's Islamic Revolutionary Guard ​Corps Navy said ‌on Thursday that four vessels involved ​in...

Hellenic Ports Association: Port planning and EU funding in focus

Preparing Greek ports for the new 2028-2034 EU funding period and upgrading port infrastructure were at the centre of the 8th meeting of the...

CPP Investments and OMERS reach agreement to sell entire stakes in associated British Ports to a fund managed by IFM Investors

Canada Pension Plan Investment Board and OMERS today announced they have agreed to terms with a fund managed by IFM Investors to sell each...

MPA and China classification society strengthen partnership for a greener, smarter maritime future

The Maritime and Port Authority of Singapore (MPA) and the China Classification Society (CCS) have renewed their Memorandum of Understanding (MOU) to strengthen collaboration...

AD Ports Progressing in Reducing Emissions Intensity of Operations

AD Ports Group announced the release of its 2025 Sustainability Report, in which it highlights significant progress in its decarbonisation plans, including a 6%...

Container throughput at Piraeus’ Terminals II and III rises 15.3% in September

Container throughput at Terminals II and III at the port of Piraeus rose by 15.3% in September, despite many containerships continuing to divert around...