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Finance & Economy

Maersk reports strong results across all business segments

A.P. Moller - Maersk continued its strong business performance in the third quarter. Maersk reported growth across its businesses and financial results significantly above...

Teekay Tankers reports third quarter 2024 results and declares dividend

Teekay Tankers reported the Company's results for the quarter ended September 30, 2024 and announced that its Board of Directors has declared a cash...

Matson announces third quarter 2024 results

Matson, a leading U.S. carrier in the Pacific, today reported net income of $199.1 million, or $5.89 per diluted share, for the quarter ended September 30, 2024.  Net...

Baltic Exchange partners with Moody’s to launch a Know-Your-Customer data platform for the Maritime sector

Baltic Exchange has launched a Know-Your-Customer platform to give the maritime sector greater access to company data to support informed decision making and meet...

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...

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Noble Corporation announces third quarter 2026 results

Noble Corporation announced third quarter 2026 results. Approximately $560 million in new contract value awarded since the July fleet status report; backlog stands at $6.7 billion. $0.50...

Scorpio Tankers Announces Financial Results for the Third Quarter of 2026

 Scorpio Tankers reported its financial results for the third quarter of 2026, highlighting the company’s latest financial performance.    

Danske Bank profit rises more than expected on high activity, low losses

Danske Bank on Thursday reported a ​third-quarter net profit above estimates, citing solid ‌customer activity and strong credit quality, and narrowed its full-year profit...

Boluda Shipping signs agreement to acquire Samskip and jointly build Europe’s leading short-sea network

Boluda Shipping and Samskip have signed an agreement under which Boluda Shipping will acquire Samskip. The acquisition will pave the way for Europe’s most...

HHLA lowers earnings forecast for the 2026 financial year

Based on the business development to date and updated estimates for the fourth quarter of 2026, the Executive Board of Hamburger Hafen und Logistik...

Russia says it hit two cargo vessels and Ukrainian logistics hubs

The Russian Defence Ministry said on Sunday that its drones had struck a cargo...

RINA: Paolo Moretti appointed Group Chief Executive Officer

RINA S.p.A.’s new Board of Directors appointed Paolo Moretti, currently General Manager, as Group...

Seven Yield agrees charter deal for sisterships

Seven Yield has agreed five-year time charters for two pure car and truck carriers...

«Shaping the future of cruise tourism in Greece»: MSC group’s cruise division in Corfu

Representatives of the government, local authorities, port authorities and the tourism industry met on...

Iran’s IRGC Navy says seven vessels hit, warns US of wider response

Iran's Islamic Revolutionary Guard ​Corps Navy said ‌on Thursday that four vessels involved ​in...

Hellenic Ports Association: Port planning and EU funding in focus

Preparing Greek ports for the new 2028-2034 EU funding period and upgrading port infrastructure were at the centre of the 8th meeting of the...

CPP Investments and OMERS reach agreement to sell entire stakes in associated British Ports to a fund managed by IFM Investors

Canada Pension Plan Investment Board and OMERS today announced they have agreed to terms with a fund managed by IFM Investors to sell each...

MPA and China classification society strengthen partnership for a greener, smarter maritime future

The Maritime and Port Authority of Singapore (MPA) and the China Classification Society (CCS) have renewed their Memorandum of Understanding (MOU) to strengthen collaboration...

AD Ports Progressing in Reducing Emissions Intensity of Operations

AD Ports Group announced the release of its 2025 Sustainability Report, in which it highlights significant progress in its decarbonisation plans, including a 6%...

Container throughput at Piraeus’ Terminals II and III rises 15.3% in September

Container throughput at Terminals II and III at the port of Piraeus rose by 15.3% in September, despite many containerships continuing to divert around...