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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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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...