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Finance & Economy

TEN Reports Profits for the First Quarter 2024

TEN reported results (unaudited) for the quarter ended March 31, 2024. Q1 2024 SUMMARY RESULTS The first quarter of 2024 has been the springboard for TEN's...

Scorpio Tankers announces updates on its securities repurchase program and second quarter of 2024 daily TCE revenues

Scorpio Tankers announced updates on its securities repurchase program and second quarter of 2024 daily TCE revenues. Securities Repurchase Program The Company recently repurchased 641,654 of...

V. Group embarks on new chapter of growth as consortium led by STAR Capital assumes ownership

V.Group, the global provider of mission critical services to the maritime industry, announced that a consortium led by STAR Capital including Ackermans & van...

Navigator Gas announces 6 million share secondary offering

Navigator Holdings revealed that BW Group Limited, a shareholder in the company, is publicly offering 6 million shares of Navigator Gas's common stock. The...

Vantage Drilling contemplates the listing of its shares on Euronext Growth in Oslo

Vantage Drilling International is currently exploring a possible listing of its shares on Euronext Growth Oslo, a multilateral trading facility operated by Euronext. A...

London P&I Club reports strong financial results for the 2023/24 financial year

The London P&I Club announced its financial results for 2023/24, reporting an operating surplus of US$36.3m, strengthening its free reserves to US$149.8m. Gross Earned...

Dorian LPG announces pricing of public offering of 2,000,000 common shares

Dorian LPG announced that it has priced its previously announced underwritten public offering of 2,000,000 shares of common stock, par value $0.01 per share,...

Maersk raises full-year guidance

On the back of continued strong container market demand and the disruption caused by the ongoing crisis in the Red Sea, A.P. Møller -...

TORM announces secondary public offering of its class A common shares by a selling shareholder

TORM announced the commencement of a secondary public offering of 6,896,552 of the Company’s Class A common shares by OCM Njord Holdings S.à r.l.,...

Performance Shipping sees Q1 earnings dip

Performance Shipping, a global shipping company specializing in the ownership of tanker vessels, reported net income of $11.4 million and net income attributable to...

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HHLA lowers earnings forecast for the 2026 financial year

Based on the business development to date and updated estimates for the fourth quarter of 2026, the Executive Board of Hamburger Hafen und Logistik...

Stena signs agreement to acquire Color Line

The Swedish industrial Group Stena AB, owner of ferry operator Stena Line, has entered into an agreement to acquire the Norwegian shipping company Color...

TEN announces common shares dividend and share repurchase authorization

TEN, Ltd., following the conclusion of the Company’s Strategy Meeting, the Company today announced that in January 2027 it will distribute its first semi-annual...

UK P&I Club and TT Club announce the successful completion of their joint acquisition of the Thomas Miller Holdings group

The UK P&I Club and TT Club announced the successful completion of their joint acquisition of the Thomas Miller Holdings group, marking a major...

Nakilat achieves QAR 1.29 billion net profit for the third quarter of 2026

Qatar Gas Transport Company Q.P.S.C. (Nakilat) announced its consolidated financial results for the third quarter of 2026 ended 30 September 2026, with a net...

Russia says it hit two cargo vessels and Ukrainian logistics hubs

The Russian Defence Ministry said on Sunday that its drones had struck a cargo...

RINA: Paolo Moretti appointed Group Chief Executive Officer

RINA S.p.A.’s new Board of Directors appointed Paolo Moretti, currently General Manager, as Group...

Seven Yield agrees charter deal for sisterships

Seven Yield has agreed five-year time charters for two pure car and truck carriers...

«Shaping the future of cruise tourism in Greece»: MSC group’s cruise division in Corfu

Representatives of the government, local authorities, port authorities and the tourism industry met on...

Iran’s IRGC Navy says seven vessels hit, warns US of wider response

Iran's Islamic Revolutionary Guard ​Corps Navy said ‌on Thursday that four vessels involved ​in...

Hellenic Ports Association: Port planning and EU funding in focus

Preparing Greek ports for the new 2028-2034 EU funding period and upgrading port infrastructure were at the centre of the 8th meeting of the...

CPP Investments and OMERS reach agreement to sell entire stakes in associated British Ports to a fund managed by IFM Investors

Canada Pension Plan Investment Board and OMERS today announced they have agreed to terms with a fund managed by IFM Investors to sell each...

MPA and China classification society strengthen partnership for a greener, smarter maritime future

The Maritime and Port Authority of Singapore (MPA) and the China Classification Society (CCS) have renewed their Memorandum of Understanding (MOU) to strengthen collaboration...

AD Ports Progressing in Reducing Emissions Intensity of Operations

AD Ports Group announced the release of its 2025 Sustainability Report, in which it highlights significant progress in its decarbonisation plans, including a 6%...

Container throughput at Piraeus’ Terminals II and III rises 15.3% in September

Container throughput at Terminals II and III at the port of Piraeus rose by 15.3% in September, despite many containerships continuing to divert around...