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Finance & Economy

Hapag-Lloyd publishes 2023 annual report and announces forecast for the current financial year

Hapag-Lloyd published its annual report for 2023. As expected, a significant decrease in earnings was recorded. According to the report, the Group EBITDA stood...

ZIM posts loss in fourth quarter

ZIM Integrated Shipping Services Ltd., a global container liner shipping company, announced today its consolidated results for the three and twelve months ended December...

Overseas Shipholding Group Reports Fourth Quarter and Full Year 2023 Results

Overseas Shipholding Group, a leading provider of liquid bulk transportation services in the energy industry for crude oil and petroleum products in the U.S....

Grindrod secures up to $113m in debt refinancing with Nordea

On March 1, 2024, a wholly owned subsidiary of Grindrod Shipping Holdings Ltd., Grindrod Shipping Pte. Ltd., entered into a US$83.0 million reducing revolving...

Grindrod delivers strong results buoyed by operational resilience

Grindrod Limited (Grindrod), a JSE-listed freight logistics company, announced its results for the financial year ended 31 December 2023. Grindrod grew its headline earnings from...

Performance Shipping profitable in strong Q4 market 

Performance Shipping Inc., a global shipping company specializing in the ownership of tanker vessels, yesterday reported net income of $25.0 million and net income...

TORM Reports Strong 2023 Results

For the year ended 31 December 2023, TORM grew time charter equivalent earnings (TCE) to USD 1,084m (2022: USD 982m) and realized a historically...

Höegh Autoliners secures significant Enova funding for two ammonia-powered vessels

Shipping company Höegh Autoliners ASA is making significant progress in its ambition to make the Aurora Class the world’s first PCTC vessel to run...

Ocean Yield: Successful placement of new hybrid capital

Ocean Yield AS (“Ocean Yield” or the “Company”) has successfully completed a new perpetual callable hybrid bond (“Hybrid Bond”) issue of USD 75 million,...

Clarksons posts record 2023 profit

Clarksons PLC announced its financial results for 2023. Highlights include: 1. Revenue: £639.4m (2022: £603.8m) 2. Underlying profit before taxation: £109.2m (2022: £100.9m) 3. Reported profit before...

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HD Korea Shipbuilding posts record Q1 profit on strong high-margin ship orders

HD Korea Shipbuilding & Offshore Engineering, the intermediate holding company for HD Hyundai’s shipbuilding businesses, said Thursday this year’s record first-quarter profit was largely...

International Seaways reports first quarter 2026 results

International Seaways Reports First Quarter 2026 Results International Seaways, Inc., one of the largest tanker companies worldwide providing energy transportation services for crude oil and...

Cheniere reports first quarter 2026 results and raises full year 2026 financial guidance

Cheniere Energy, Inc. announced its financial results for the first quarter 2026. RECENT HIGHLIGHTS Financial During the three months ended March 31, 2026, Cheniere generated revenues of...

Capital Clean Energy Carriers Corp. announces first quarter 2026 financial results

Capital Clean Energy Carriers Corp., an international owner of ocean-going vessels, released its financial results for the first quarter ended March 31, 2026. Key Highlights Completed an...

Stainless Tankers announces financial results, reshapes leadership

Stainless Tankers ASA announces results for the three-month period ended March 31, 2026, Chairman and CEO change. Highlights Net loss of $0.06 million, on net revenue...

CLIA’s high-level Policy Event in Greece Highlights Cruise Growth, island communities, economic impact and...

· CLIA hosted a high-level Policy Event in Athens in collaboration with the Deputy...

Trump administration launches nuclear-powered shipping initiative

U.S. Transportation Secretary Sean P. Duffy and the Maritime Administration (MARAD) today launched an...

DP World launches end-to-end cargo war risk insurance for middle east trade

DP World has launched a first-of-its-kind cargo war risk insurance solution to help businesses...

CMA CGM containership confirmed attacked in Hormuz, crew injured

A CMA CGM container ship was attacked while transiting the Strait of Hormuz, injuring...

South Korea’s HMM says ship set ablaze in Strait of Hormuz to be towed...

South Korean shipper HMM, opens new tab said on Wednesday it had secured a...

Piraeus Port Authority shows strong resilience despite geopolitical tension

Piraeus Port Authority announced that despite volatility in global logistics driven by geopolitical tensions in the Middle East, the company demonstrated significant resilience, maintaining...

AD Ports Group, CMA Terminals Khalifa Port, and CMA CGM Group sign MoU to extend inland reach across the UAE and wider region

AD Ports Group, a leading global enabler of integrated trade, industry and logistics solutions, today signed a Memorandum of Understanding (MoU) with CMA Terminals...

Stable cargo flows in the Port of Gothenburg despite mixed first-quarter performance

Container handling in the Port of Gothenburg continues to show positive development in terms of loaded cargo volumes. At the same time, the share...

PPA: Investment of 3.25 million euros

Piraeus Port Authority S.A. (PPA) announced the launch of works for the development of a new park featuring a model playground and a cycling...

Piraeus Port is resilient – Record performance and investments of 1.4 billion euros

The resilience and growth prospects of the Port of Piraeus, despite heightened geopolitical turbulence affecting shipping and transport, were highlighted by the Deputy CEO...