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Finance & Economy

Genco Shipping & Trading Limited confirms receipt of revised offer from Diana Shipping Inc.

Genco Shipping & Trading Limited, the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, issued the following statement regarding the...

Diana Shipping Inc. raises offer to acquire Genco Shipping & Trading to $27.34 per share comprised of $24.80 in cash and One Diana Share

Diana Shipping Inc., a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels that is the largest shareholder of...

Kpler announces strategic growth equity investment from Sixth Street

Kpler, a leading provider of global physical trade intelligence data and analytics, announced it has secured a minority strategic growth equity investment of over...

Diana Shipping Inc. comments on Genco Shipping & Trading’s rejection of $24.80 per share all-cash tender offer

Diana Shipping Inc., a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels that is the largest shareholder of...

Genco Shipping & Trading Limited Board of Directors unanimously rejects Diana Shipping’s Revised, unsolicited tender offer

Genco Shipping & Trading Limited, the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, announced that its Board of Directors...

Motor Oil: Net profits surge 293% in Q1 – Turnover up 25%

Motor Oil Group announced strong financial results in the first quarter of the year. Specifically, group revenues increased by 25% to 3.36 billion euros, EBITDA...

Seanergy Maritime reports first quarter 2026 financial results

Seanergy Maritime Holdings Corp., a leading pure-play Capesize owner and operator, reported its financial results for the first quarter of 2026, and announced a...

Genco Shipping & Trading Board of Directors to review revised, unsolicited tender offer from Diana Shipping

Genco Shipping & Trading Limited, the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, confirmed that Diana Shipping, Inc. has...

Diana Shipping Inc. increases all-cash offer to acquire Genco Shipping & Trading to $24.80 per share

Diana Shipping Inc., a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels that is the largest shareholder of...

Heidmar Maritime Holdings Corp. reports results for the quarter ended March 31, 2026

Heidmar Maritime Holdings Corp. reported its results for the quarter ended March 31, 2026. First Quarter 2026 Highlights Total revenues of $18.4 million, up from $5.8...

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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...

Samsung seeks $186 million from CMA CGM in landmark FMC complaint

Samsung Electronics America (SEA) has filed a formal complaint against CMA CGM with the US Federal Maritime Commission (FMC), demanding at least $186 million...

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...

Stop attacking merchant ships and seafarers: IMO Secretary-General to Member States

The Secretary-General of the International Maritime Organization, Mr. Arsenio Dominguez, has called on Member...

Iran says struck oil tanker in Strait of Hormuz

Iran's Revolutionary Guards said Friday they struck an oil tanker sailing under the Togolese...

World’s first ship-to-ship ammonia bunkering to an ammonia-fueled vessel

Demonstrating a Fuel-Supply Operation Essential for Deployment of Next-Generation Fueled Vessels NYK Line, with Japan...

M/MARITIME: Focus on Greek-Japanese maritime ties

The close shipping ties between Greece and Japan were highlighted at a meeting at...

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...