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Finance & Economy

GOGL: Renewal of share buy-back program

The Board of Directors of Golden Ocean Group announced the establishment and renewal of a share buy-back program. The Company has repurchased a total...

Stolt-Nielsen posts a third quarter net profit of $99.2 million

Stolt-Nielsen Limited reported unaudited results for the third quarter and the nine months ending August 31, 2024. The Company reported a third quarter net...

Trafigura secures USD3.2 billion-equivalent Syndicated Revolving Credit Facility and Term Loan Facilities

Trafigura, a market leader in the global commodities industry, announced the closing of its new Syndicated Revolving Credit Facility (“RCF”) and Term Loan Facilities...

Carnival reports record-setting operating results, outperforms Q3 guidance & raises full year guidance for 3rd time

Carnival Corporation & plc announced financial results for the third quarter 2024 and provided an updated outlook for the full year and an outlook...

Seanergy Mails Letter to Shareholders Highlighting its Commitment to Delivering Value to All Shareholders

Seanergy Maritime Holdings Corp. announced that it has commenced mailing of proxy materials to its shareholders in connection with the Company’s 2024 Annual Meeting...

Macquarie to purchase the ownership of ZITON

Macquarie Asset Management has entered into an agreement to purchase 100% ownership of ZITON. Macquarie is the world’s largest investor in infrastructure like EV charging...

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...

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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...