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Finance & Economy

Hapag-Lloyd with good start to 2024 in first quarter of year

Hapag-Lloyd concluded the first quarter of 2024 with a Group EBITDA of USD 942 million (EUR 868 million). Compared to the same quarter of...

Seadrill announces first quarter 2024 results

Seadrill Limited reported its first quarter 2024 results. Quarterly highlights Delivered operating profit of $80 million and Adjusted EBITDA(1) of $124 million on $367 million of revenue,...

Carnival rolls out SpaceX’s innovative Starlink across entire global fleet

Carnival Corporation & plc, the world's largest cruise company, announced that 100% of its ships across the global fleet are equipped with Starlink's high-speed,...

Seanergy Maritime reports record first quarter Net Income of $10.2 million

Seanergy Maritime Holdings announced its financial results for the first quarter ended March 31, 2024. The Company also declared a quarterly cash dividend of...

KCC: Successful tap issue under existing sustainability-linked senior unsecured bonds

Klaveness Combination Carriers has successfully completed a NOK 300 million sustainability-linked tap issue under the Company's existing senior unsecured bonds with maturity date 5...

SFL reports first quarter net profit of $45.3 million

SFL Corporation announced its preliminary financial results for the quarter ended March 31, 2024. Highlights 81st consecutive quarterly dividend, increased to $0.27 per share Net profit of...

Navios Partners reports “strongest ever” first quarter financial performance

Navios Maritime Partners L.P., an international owner and operator of dry cargo and tanker vessels, reported its financial results for the first quarter ended...

Siem Offshore rebrands as Sea1 Offshore

Siem Offshore has changed its name to Sea1 Offshore. The change comes after company founder and chairman Kristian Siem departed the company earlier this...

Costamare reports strong Q1 earnings

Costamare reported unaudited financial results for the first quarter ended March 31, 2024. I. PROFITABILITY AND LIQUIDITY Q1 2024 Net Income available to common stockholders of...

Pangaea Reports Q1 Financial Results

Pangaea Logistics Solutions, a global provider of comprehensive maritime logistics solutions, announced its results for the three months ended March 31, 2024. FIRST QUARTER 2024...

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MSC said in talks to buy German state-held Meyer Werft stake

MSC Mediterranean Shipping Co. is in talks to acquire the roughly 80% stake in German cruise-ship builder Meyer Werft GmbH held by the federal...

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...

Celestyal launches 190 new winter Mediterranean shore excursions

Celestyal has unveiled its shore excursion programme for its new winter Eastern and Western...

Vessels trickle through Strait of Hormuz as Middle East conflict persists

A total of 17 commodity vessels transited the Strait of Hormuz on the weekend,...

Greek shipping a key pillar of economy, citizens’ daily lives, minister says

The importance of Greek shipping to the economy and citizens’ everyday lives was highlighted...

Qatar Energy Chief says Bessent ‘wrong’ about Hormuz future

Qatari Energy Minister Saad Al-Kaabi said Treasury Secretary Scott Bessent is “wrong” when he...

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...

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...