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Finance & Economy

TEN: Strong performance in 9-month results

TEN reported results (unaudited) for the nine months and third quarter ended September 30, 2024.

Hafnia Limited reports net profit of USD 215.6 million for Q3 2024

Hafnia Limited, a leading product tanker company with a diversified and modern fleet of over 130 vessels, announced results for the three and nine...

United Maritime posts loss in third quarter

United Maritime reports financial results for the third quarter and nine months ended September 30, 2024 and declares cash dividend of $0.075 per share.

Avance Gas Holding reports Q3 financial results

Avance Gas Holding reported unaudited results for the third quarter 2024. HIGHLIGHTS * The average Time Charter Equivalent (TCE) rate on a discharge-to-discharge basis was $38,700/day,...

Frontline reports revenues of $490.3 million for Q3 2024

Frontline reported unaudited results for the three and nine months ended September 30, 2024: Highlights Profit of $60.5 million, or $0.27 per share for the third...

Golden Ocean reports strong Q3 2024 results

Golden Ocean Group Limited, the world’s largest listed owner of large size dry bulk vessels, today announced its unaudited results for the quarter ended...

StealthGas 9M net income at all-time record

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

Diana sees Q3 profit drop;declares USD 0.01 dividend

Diana Shipping, a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, reported net income of $3.7 million and...

Kenon Holdings selling ZIM shares

Kenon Holdings announced updates with respect to its holding of ordinary shares of ZIM Integrated Shipping Services Ltd. (“ZIM”). In June 2024, Kenon announced...

Results of the reopening of the public takeover bid on CMB.TECH NV launched by CMB NV

CMB.TECH NV announced that the acceptance period of the reopening of the public takeover bid launched by CMB NV on all shares in CMB.TECH...

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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...