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Finance & Economy

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...

Höegh Autoliners announces solid Q3 results, $245m dividend & management changes

Höegh Autoliners announced its Chief Financial Officer is stepping down to take up a dual senior executive role as Executive Chair of Höegh Autoliners...

Miros takes full ownership of Miros Mocean JV

Miros AS announced a significant milestone in its strategic growth by acquiring full ownership of Miros Mocean AS. The acquisition enhances Miros’ ability to provide...

Cargotec: Seventh quarter in a row with good and stable results

Cargotec's interim report January–September 2024: Seventh quarter in a row with good and stable results Orders received increased in Hiab and MacGregor Strong profitability and cash...

Diana signs US$80.2 mln A&R loan facility agreement with Danish Ship Finance

Diana Shipping, a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, announced the successful signing of a US$80.2...

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MSC said in talks to buy German state-held Meyer Werft stake

MSC Mediterranean Shipping Co. is in talks to acquire the roughly 80% stake in German cruise-ship builder Meyer Werft GmbH held by the federal...

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...

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...