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Finance & Economy

Diana Reports Financial Results for Second Quarter and Six Months Ended June 30, 2021

Diana Shipping reported net income of $2.8 million and net income attributed to common stockholders of $1.4 million for the second quarter of 2021....
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Maersk Upgrades Full Year Guidance on ‘Exceptional Market Situation’

A.P. Møller - Mærsk A/S (APMM) reports an unaudited revenue of USD 14.2bn, an underlying EBITDA of USD 5.1bn and an underlying EBIT of...
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Keppel proposes strategic acquisition of Singapore Press Holdings

Keppel announced a scheme of arrangement through its wholly-owned subsidiary, Keppel Pegasus Pte Ltd, to acquire all of the issued and paid-up ordinary shares...
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Navios Holdings: Redemption of $100 Million of 11.25% Senior Secured Notes due 2022

Navios Holdings, a global seaborne shipping and logistics company, announced that on July 23, 2021, the Company completed the redemption of an aggregate principal...
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Grindrod: Agreement to Acquire Remainder of IVS Bulk JV Increasing Ownership to 100%

Grindrod Shipping, a global provider of maritime transportation services predominantly in the drybulk sector, announced a number of transactions relating to the acquisition of...
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Nordea profit up on business boom despite rise in costs

Nordea Bank beat second-quarter profit expectations on Wednesday as a booming mortgage market and higher assets under management offset increased costs at the Nordic...
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Buyers circle Seadrill as it plots exit from bankruptcy

Noble Corp and a consortium that includes Transocean Ltd and Dolphin Drilling are competing to acquire the assets of Seadrill Ltd, the bankrupt offshore...
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Wärtsilä Posts Improved Results; Warns of COVID uncertainty

Wärtsilä reported improved second quarter financial results. HIGHLIGHTS OF APRIL–JUNE 2021 • Order intake increased by 14% to EUR 1,154 million (1,011) • Service order intake increased...
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Pyxis: Closing of $6.17 Million Follow-on Public Offering of Convertible Preferred Shares

Pyxis Tankers announced the closing of its previously announced underwritten public offering of 308,487 shares of 7.75% Series A Cumulative Convertible Preferred Shares which...
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Milaha Sees Increase in 1H2021 Net Profit

Qatar Navigation (Milaha) Q.P.S.C. announced its financial results for the six months ended June 30, 2021. Key financial highlights: • Operating revenues of QAR 1.37 billion...
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Costamare reports strong Q1 earnings

Costamare reported unaudited financial results for the first quarter ended March 31, 2024. I. PROFITABILITY AND LIQUIDITY Q1 2024 Net Income available to common stockholders of...

Pangaea Reports Q1 Financial Results

Pangaea Logistics Solutions, a global provider of comprehensive maritime logistics solutions, announced its results for the three months ended March 31, 2024. FIRST QUARTER 2024...

International Seaways Reports First Quarter 2024 Results

International Seaways, one of the largest tanker companies worldwide providing energy transportation services for crude oil and petroleum products, reported results for the first...

Teekay Tankers Reports First Quarter 2024 Results

Teekay Tankers reported the Company’s results for the quarter ended March 31, 2024: First Quarter of 2024 Compared to Fourth Quarter of 2023 GAAP net income...

Scorpio Tankers announces financial results for the first quarter of 2024 and declaration of a dividend

Scorpio Tankers reported its results for the three months ended March 31, 2024. The Company also announced that its board of directors has declared...

EUNAVFOR thwarts pirate attack in Gulf of Aden

A product tanker was targeted by pirates in the Gulf of Aden last Friday....

Greece extends naval drills to drive Russia oil tankers away

Greece’s Navy extended a series of exercises aimed at preventing tankers from transferring Russian...

Baltic index snaps five-day rally as capesize rates sink

The Baltic Exchange’s main sea freight index snapped a five-session winning streak on Thursday,...

Greece extends naval advisory to deter Russian oil ship-to-ship transfers

The Greek navy on Wednesday extended an advisory effectively banning ship traffic off the...

Baltic index sails to more than 1-month high on rise across vessel segments

The Baltic Exchange’s main sea freight index rose to a more than one-month high...

Peru Port dispute escalates as COSCO insists on original terms

The Chinese state-owned company at the center of a dispute over operations of a megaport it is building on Peru’s Pacific coast insisted on...

China COSCO may seek arbitration over exclusivity rights to Peru mega-port

The Peruvian government is looking to avoid an international arbitration process which could be filed by Chinese port operator Cosco Shipping over a legal...

Record-breaking container throughput at the Port of Gothenburg following import surge

The container volumes at the Port of Gothenburg continue to increase from last year’s record levels. During the first quarter of 2024, more containers...

Maersk commits $600 million investment in Nigeria’s ports

Nigeria secured a $600 million investment in seaport infrastructure from Danish shipping company A.P. Moller-Maersk MAERSKb.CO, the presidency said in a statement on Sunday. The investment was secured during...

Stranded ships exit Baltimore port via temporary channel

Four cargo ships, stuck for about a month at the Port of Baltimore by the ruins of the collapsed Francis Scott Key bridge, have...

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