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Finance & Economy

Seanergy Announces New Refinancing Facility with Japanese Lender

Seanergy reported that it has entered into a definitive agreement with a reputable Japanese lender to refinance the loan facilities secured by the 2012-built...
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International Seaways cuts losses in Q4

International Seaways, one of the largest tanker companies worldwide providing energy transportation services for crude oil and petroleum products, reported results for the fourth...
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TORM: Strong Product Tanker Market Recovery in Q4

“After a challenging year in the product tanker market, we saw a recovery towards the end of 2021. On average, Q4 2021 rates were...
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Cosco Shipping sees full-year profit surge 261%

Cosco Shipping (Singapore) reported a surge of 261 per cent for its FY2021 earnings to S$30.1 million from S$8.3 million a year prior. The company...
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BW LPG confident on the long-term VLGC market

BW LPG has announced Financial Results for Q4 and FY 2021: Highlights - Generated Q4 2021 net profit after tax of USD 62.9 million. Declared a...
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Hafnia announces signing of USD 414 mln sale & leaseback financing

Hafnia announced that it has signed a USD 414 million Sale and Leaseback Facility on 28 February 2022 with ICBC Financial Leasing Co., Ltd....
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Diana Shipping Reports 2021 Net Income of $57.4 Million

Diana Shipping, a global shipping company specializing in the ownership of dry bulk vessels, reported net income of $41.1 million and net income attributed...
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Performance Shipping Reports Q4 Loss

Performance Shipping Inc., a global shipping company specializing in the ownership of tanker vessels, reported a net loss from continuing and discontinued operations attributable...
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Genco focuses on dividends, fleet renewal in strong dry bulk market

Genco, the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, reported its financial results for the three months and twelve...
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Golar LNG: Preliminary fourth quarter and financial year 2021 results

Golar LNG Limited announced its preliminary fourth quarter and financial year 2021 results. Highlights Total Q4 operating revenues of $115.0 million and Adjusted EBITDA1 of $93.5...
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Excelerate Energy announces pricing of $800 million upsized offering of 8.000% senior notes due 2030

Excelerate Energy announced that Excelerate Energy Limited Partnership, a subsidiary of Excelerate, has priced its offering of $800 million in aggregate principal amount of...

CMB.TECH buys Hemen stake in Golden Ocean

CMB.TECH NV announced that it has entered into a share purchase agreement with Hemen Holding Limited, for the acquisition of 81,363,730 shares in Golden...

Lindsell Train buys stake in Clarksons

Clarkson PLC, a UK-based company, has announced a change in its major holdings. Lindsell Train Limited, based in London, has acquired or disposed of...

Excelerate Energy announces proposed offering of $700 million of senior notes due 2030

Excelerate Energy announced that Excelerate Energy Limited Partnership, a subsidiary of Excelerate, has commenced an offering of $700 million in aggregate principal amount of...

BW LPG Limited – Share buyback program completed

BW LPG Limited completed the share buyback program which was announced on 8 April 2025 and commenced from 8 April to 17 April 2025. During...

ABS chairman and CEO to retire at end of year

The 163rd ABS Annual Members Meeting highlighted that ABS has never been stronger, with...

Baltic Index gains on stronger vessel rates

The Baltic Exchange’s dry bulk sea freight index rose on Wednesday to its highest...

Baltic Index unchanged as gains in smaller vessels counter muted capsize

The Baltic Exchange’s dry bulk sea freight index was unchanged on Tuesday as gains...

China’s Cosco says US levies risk upsetting global shipping

China’s largest shipping line said on Monday that the Trump administration’s plan to impose...

New Maritime Labour Convention amendments set to boost seafarers’ conditions

Seafarers are set to benefit from improved working and living conditions following the adoption...

Singapore’s PSA weighs selling minority stake in CK Hutchison’s Ports Business

Singapore’s PSA International is exploring the sale of its 20% stake in CK Hutchison‘s ports business, two people with knowledge of the matter said,...

Port of Antwerp vigilant over US tariffs impact

In the first quarter of 2025, Port of Antwerp-Bruges handled 67.7 million tonnes of cargo, a drop of 4.0% compared to the same period...

Stolthaven Terminals partners with Rönesans Holding on a landmark terminal in Türkiye

Stolthaven Terminals partnered with Rönesans Holding on the development of a new terminal, located in Ceyhan, Adana, Türkiye. The facility is part of a large-scale...

APSEZ acquires 50 MTPA capacity NQXT Australia, accelerating path to 1 billion tonnes p.a. by 2030

The Board of Directors of Adani Ports and Special Economic Zone, India’s largest integrated Transport Utility company has approved the acquisition of Abbot Point...

Piraeus to be reinforced with additional Port Guard officers

Minister of Maritime Affairs and Insular Policy, Vasilis Kikilias, asked for the reinforcement of the port of Piraeus with 50 additional Port Guard officers,...

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