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Finance & Economy

StealthGas reports second quarter and six months 2024 financial results

STEALTHGAS, a ship-owning company serving the liquefied petroleum gas (LPG) sector of the international shipping industry, announced its unaudited financial and operating results for...

Prevention at Sea and DYNAMARINe announce strategic partnership to foster sustainable maritime solutions

Prevention at Sea and DYNAMARINe, two leading companies in the maritime industry, are proud to announce a new strategic co-operation through an MOU signed...

Hempel A/S closes a new strategic partnership deal with CVC 

In May, Hempel A/S announced CVC Funds as minority investor. The transaction has now been completed, following regulatory approval. As part of this, Hempel...

COSCO SHIPPING Holdings Announces 2024 Interim Financial Results

COSCO SHIPPING Holdings announced its 2024 interim results. In the first half of 2024, the global container shipping market was intertwined with tight effective capacity...

Golden Ocean delivers above-market Q2 performance

Golden Ocean, the world’s largest listed owner of large size dry bulk vessels, announced its unaudited results for the quarter ended June 30, 2024. Highlights Net...

Imperial Petroleum: “Excellent performance” in Q2

IMPERIAL PETROLEUM INC., a ship-owning company providing petroleum products, crude oil and dry bulk seaborne transportation services, announced its unaudited financial and operating results...

Ulrik Andersen joins J. Lauritzen

J. Lauritzen announced the addition of Ulrik Uhrenfeldt Andersen to the Lauritzen NexGen team. Lauritzen NexGen was established by J. Lauritzen to actively invest in...

BW LPG reports Q2 profit of $85m

BW LPG reported a Q2 2024 Net Profit After Tax (NPAT) of US$ 85 million, yielding an annualised return on equity of 21% with...

Hafnia posts strongest first-half results in company’s history

Hafnia, a leading product tanker company with a diversified and modern fleet of over 130 vessels, announced results for the three and six months...

Belships posts higher net result in Q2

Belships reported second-quarter results in line with analysts’ expectations. HIGHLIGHTS EBITDA of USD 29.3m including USD 2.9m from operating business Net result of USD 18.9m Declared dividend of...

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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...