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Finance & Economy

Nakilat reports QAR 1.28bln net profit for the third quarter of 2024, an increase of 7.2%

Qatar Gas Transport Company Q.P.S.C., a global leader in the shipping and maritime sector, announces its financial results for the third quarter of 2024...

Ocean Wilsons to sell its majority stake in Wilson Sons in $765 deal

Ocean Wilsons announced that its wholly-owned subsidiary, OW Overseas has agreed to sell its 56.47% interest in Wilson Sons S.A. to SAS Shipping Agencies...

DNB Bank ASA acquires Carnegie

DNB Bank ASA has entered into an agreement to acquire all the shares of Carnegie Holding AB, from Altor and the minority shareholders for...

Bahri signs Murabaha Financing Agreement with Alinma Bank

Bahri, the National Shipping Company of Saudi Arabia and a global leader in maritime transportation and logistics, signed a landmark Murabaha Financing Agreement with...

Seanergy Maritime issues investor presentation highlighting value creation strategy

Seanergy Maritime Holdings announced that it has published an investor presentation in connection with the Company’s 2024 Annual Meeting of Shareholders, scheduled to be...

Hanwha Group announces final offer for Dyna-Mac

Hanwha Ocean SG Holdings announced its revised final offer for all the issued ordinary shares in the capital of Dyna-Mac Holdings. The Offer price...

Yangzijiang Shipbuilding shares fall on arbitration proceedings news

Yangzijiang Shipbuilding Holdings' shares dropped Monday morning following news of arbitration proceedings against three of the company's subsidiaries for alleged breach of contract. Shares of...

Navigator Gas announces fixed income investor meetings in Nordic Market

Navigator Holdings, the owner and operator of the world's largest fleet of handysize liquefied gas carriers, announcesd, it has mandated Arctic Securities and DNB...

Minerva Bunkering acquires Bomin Group, expanding U.S. operations

Minerva Bunkering, a leading global marine fuel supplier and a subsidiary of Mercuria Energy Group, announced its acquisition of Bomin Bunker Oil from Mabanaft....

Reopening of the mandatory public takeover bid on CMB.TECH

CMB.TECH NV has been informed that CMB NV announced that, pursuant to an order of the Belgian Financial Services and Markets Authority of October...

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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...

Celestyal launches 190 new winter Mediterranean shore excursions

Celestyal has unveiled its shore excursion programme for its new winter Eastern and Western...

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...

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...