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Finance & Economy

Maersk reports strong results across all business segments

A.P. Moller - Maersk continued its strong business performance in the third quarter. Maersk reported growth across its businesses and financial results significantly above...

Teekay Tankers reports third quarter 2024 results and declares dividend

Teekay Tankers reported the Company's results for the quarter ended September 30, 2024 and announced that its Board of Directors has declared a cash...

Matson announces third quarter 2024 results

Matson, a leading U.S. carrier in the Pacific, today reported net income of $199.1 million, or $5.89 per diluted share, for the quarter ended September 30, 2024.  Net...

Baltic Exchange partners with Moody’s to launch a Know-Your-Customer data platform for the Maritime sector

Baltic Exchange has launched a Know-Your-Customer platform to give the maritime sector greater access to company data to support informed decision making and meet...

KCC: Strong financials in Q3 amid more challenging markets

Klaveness Combination Carriers reports continued strong operational and financial performance and maintains dividend distributions of USD 0.30 per share in line with last quarter....

Wartsila sees increased Q3 earnings as orders grow

Wärtsilä issued its Interim Report for January-September 2024. The report indicates improved net sales, profitability and cash flow. Highlights from July–September 2024 Order intake remained stable...

Scorpio Tankers announces Q3 net income of $158.7 million

Scorpio Tankers reported its results for the three and nine months ended September 30, 2024. The Company also announced that its board of directors...

SK Shipping’s full sale on the Horizon as Hahn & Company seeks buyers

Hahn & Company is considering the full sale of SK Shipping, a transaction valued at approximately 4 trillion won (approximately $3.07 billion). The private...

Samsung Heavy Industries Q3 net income up 100.6% to $51.7 mil

Samsung Heavy Industries, the world's third-largest shipbuilder by orders, said Thursday its third-quarter net profit more than doubled from a year earlier on high-end...

Dorian LPG declares irregular cash dividend of $1.00 per share

Dorian LPG updated its financial and operational outlook for the quarter ended September 30, 2024, announced that its Board of Directors has declared 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...