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Finance & Economy

Tufton Oceanic Assets Limited reports earnings results

Tufton Oceanic Assets Limited reported earnings results for the full year ended June 30, 2024. For the full year, the company reported revenue was...

Maersk shares jump as US Port strike looms, boosting rates

AP Moller-Maersk A/S shares jumped as much as 4.9%, extending recent gains on expectations that labor talks with US port workers will fail and...

Delta Corp enters merger and share exchange agreement with Kaival Brands

Kaival Brands Innovations Group, the exclusive U.S. distributor of  the Bidi® Stick and certain other products manufactured by Bidi Vapor, LLC, and Delta Corp...

Etihad Credit Insurance signs financing deal to support Trafigura’s exports from the UAE

Etihad Credit Insurance, the UAE Federal export credit company, in collaboration with Abu Dhabi Exports Office, First Abu Dhabi Bank, and Natixis Corporate and...

Logothetis increases stake in SulNOx

Constantine Logothetis has once again increased his stake in UK-listed fuel decarbonisation group SulNOx. The announcement reads: The board of directors of the Company has...

Pelagic Partners launches new Pelagic Capital venture

Shipowner and shipping fund manager, Pelagic Partners, announced the launch of Pelagic Capital, a new venture designed to assist Pelagic Partners to build a...

Globus Maritime reports financial results for the second quarter

Globus Maritime, a dry bulk shipping company, today reported its unaudited consolidated financial results for the second quarter and six-month period ended June 30,...

Pyxis announces full redemption of series a convertible preferred stock

Pyxis Tankers, an international shipping company, announced key shareholder and chartering updates. On September 6, 2024, the Company’s Board of Directors approved the redemption of...

TEN reports profits for the second quarter and first half 2024

50% increased dividend from amount paid for 2023 operations Dynamic growth and renewal - 21 vessels contracted/acquired within 2024 Minimum contracted revenues of $2.0 billion TST inaugurates...

HMM plans to invest KRW $17.4 Billion to sustainable growth

HMM maps out a mid-to-long-term strategy to expand its business portfolio for future growth and drive itself to be a global green shipping and...

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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...