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Finance & Economy

Scorpio Tankers Inc. announces financial results for the fourth quarter of 2025 and an increase to its quarterly dividend

 Scorpio Tankers Inc. reported its results for the three months ended December 31, 2025. The Company also announced that its board of directors has...

Ardmore Shipping Corporation announced results for the three and twelve months ended December 31, 2025.

Ardmore Shipping Corporation announced results for the three and twelve months ended December 31, 2025. Highlights and Recent Activity Reported Adjusted earnings of $11.6 million and...

FLEX LNG: Solid Q4 performance amid spot market challenges

Flex LNG Ltd. announced its unaudited financial results for the three months and year ended December 31, 2025. Highlights: * Vessel operating revenues of $87.5 million...

Harbour Energy: Completion of LLOG acquisition

Harbour Energy announces that it has completed the acquisition of LLOG Exploration Company LLC for $3.2 billion, marking the Company’s strategic entry into the...

SFL announces fourth quarter 2025 results

SFL Corporation announced preliminary financial results for the quarter ended December 31, 2025, and its 88th consecutive quarterly dividend.

Hapag-Lloyd publishes preliminary business figures for 2025

Hapag-Lloyd published preliminary business figures for 2025. Transport volume up 8%, to 13.5 million TEU Average freight rate 8% below prior-year level As expected, earnings trend below prior-year level Gemini synergies increasingly...

Odfjell SE fourth quarter and preliminary 2025 results

Odfjell SE reported preliminary full-year and fourth-quarter 2025 results, delivering a resilient financial result that demonstrates a robust business model. We also made continued...

Saudi: Bahri generates $640mln net profits in 2025; revenues surge 47% in Q4

National Shipping Company of Saudi Arabia (Bahri) achieved a record SAR 2.43 billion worth of net profits in 2025, which signaled a 12.07% growth...

Danaos posts strong financial results; orderbook grows

Danaos Corporation, one of the world's largest independent owners of container vessels, reported unaudited results for the period ended December 31, 2025.  For management purposes,...

Rio Tinto and Glencore abandon merger plan

Further to the announcement of 8 January 2026, Rio Tinto plc and Rio Tinto Limited confirm that Rio Tinto is no longer considering a...

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Subsea 7 S.A. announces first quarter 2026 results

Subsea 7 S.A announced results of Subsea7 Group (the Group, Subsea7) for the first quarter which ended 31 March 2026.  Highlights   • First quarter Adjusted EBITDA...

Pacific International lines delivers resilient earnings in FY2025

PIL Pte Ltd announced its financial results for the fiscal year ended 31 December 2025. The Group delivered net profit after tax of US$1.04...

ONE delivers profitable full-year result, despite volatility

Ocean Network Express has announced its financial results for FY2025 (April 2025 to March 2026). Revenue for 4Q FY2025 was US$4,042 million, bringing the total...

MOL sees sharp net profit drop

Mitsui O.S.K. Lines (MOL) has reported net profit attributable to shareholders amounting to JPY 213.2bn ($1.3bn), down 49.9% from JPY 425.4bn a year earlier. Ordinary...

Costamare orders 16 containerships in China; posts USD 75 mln net income in Q1

Costamare Inc. reported unaudited financial results for the first quarter ended March 31, 2026 (“Q1 2026”).

Celestyal launches one-day flash sale with fares from 179€

Celestyal has announced a one-day-only flash sale, offering limited-time fares across a selection of...

Tamara de Gruyter, President, Wärtsilä Energy Storage and Executive Vice President to continue her...

Tamara de Gruyter, President, Wärtsilä Energy Storage and Executive Vice President, and a member...

Celestyal launches ‘The Iconic Sale’ with fares from €499

Celestyal has launched its new ‘Iconic Sale’, offering savings across its full Mediterranean and...

Seafarer shares first-hand account with IMO about being stranded in the Persian Gulf

IMO Secretary-General Arsenio Dominguez has called on all Member States to support efforts to...

Columbia Group names Andreas Hadjipetrou new CEO

Columbia Group has appointed Andreas Hadjipetrou as its new Chief Executive Officer, with Demetris...

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...

Panama Canal says $1 million-plus auction slots reflect temporary surge in demand

The Panama Canal Authority said on Thursday that some ships had recently paid more than $1 million for crossing slots at auction, but ​said...

Throughput in the port of Rotterdam remains stable, with a slight decline of 0.7%

Throughput at the port of Rotterdam fell slightly by 0.7% in the first quarter of 2026 compared with the same period last year. Throughput...

High-level meeting on European strategies for the maritime industry and ports

A high-level meeting on the implementation of the European Maritime Industrial Strategy and the European Ports Strategy will be hosted in Athens on April...