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Finance & Economy

Hapag Lloyd delivers ‘very good’ 1H2024

Hapag-Lloyd concluded the first half year of 2024 with a Group EBITDA of USD 2 billion (EUR 1.8 billion). The Group EBIT decreased to...

2020 Bulkers announces 2Q2024 financial results

2020 Bulkers released consolidated financial results for the second quarter of 2024:

Milaha Reports QR 628 million in Net Profit for H1 2024

Qatar Navigation Q.P.S.C. (Milaha), has announced its financial results for the six months ended June 30, 2024. Key Financial Highlights: Operating revenues of QAR 1.43 billion...

Yang Ming reports impressive profitability in 2Q2024

Yang Ming Marine Transport Corporation held the 397th Board Meeting to approve and pass its financial report for the first half of 2024. The...

Flex LNG posts Q2 financial results

Flex LNG announced its unaudited financial results for the six months ended June 30, 2024. Highlights: * Vessel operating revenues of $84.7 million for the second...

GSL provides update on refinancing activity

Global Ship Lease, a containership charter owner, announced the establishment of a $300 million senior secured term loan facility to enable a comprehensive refinancing and streamlining...

DHT Holdings announces Q2 2024 Results

DHT Holdings announced the second quarter 2024 financial results.

Wallenius Wilhelmsen: Q2 2024 financial results and distribution of dividends

Wallenius Wilhelmsen reported a record second quarter for 2024 delivering an all-time high EBITDA of USD 507m and a net profit of USD 315m.  "Q2...

ICTSI: Continued strong performance in H1

Throughput increased 1% to 6.31 million TEUs Revenues grew 13% to USD1.32 billion EBITDA expanded 19% to USD864.99 million Diluted EPS rose 36% to USD0.200 Enrique K. Razon...

Pyxis Tankers: Strong results in Q2 with net revenues of $13.9 million

Pyxis Tankers, an international shipping company, announced unaudited results for the three and six month periods ended June 30, 2024. Summary For the three months ended...

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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...