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Finance & Economy

2025 a “milestone year” for Thessaloniki Port

ThPA S.A. announces the financial results in accordance with IFRS for the year ended December 31st, 2025. For another year, dynamic business operations led...

Castor Maritime reports Q4 Net Income of $17.6 Million

Castor Maritime Inc., a diversified global shipping and energy company, announced its results for the three months and year ended December 31, 2025. Highlights of...

Robin Energy reports strong revenue growth

Robin Energy Ltd. announced strong revenue growth in the fourth quarter of 2025, reflecting the growth phase it is in. Total vessel revenue amounted to...

KCC: First quarter 2026 business update

Klaveness Combination Carriers’ preliminary fleet average TCE earnings for the first quarter ended at $33,432/day, approximately $550/day above the guiding range ($31,400-32,900/day). The CABU fleet...

Port of Los Angeles posts solid first quarter performance

The Port of Los Angeles processed 752,520 Twenty-Foot Equivalent Units (TEUs) in March, a slight 3% decrease compared to last year when shippers front-loaded...

Wallenius Lines becomes sole owner of Wallenius SOL

Wallenius Lines has entered into an agreement to acquire SOL Group’s shares in Wallenius SOL, thereby becoming the sole owner of the company. The...

Diana Shipping Inc. sends open letter to Genco Shipping & Trading Shareholders

Diana Shipping Inc., a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels that owns approximately 14.8% of the...

Wilhelmsen Ship management and MPC Capital launch vessel IT joint venture

MPC Capital and Wilhelmsen Ship Management have combined to launch a joint venture called Waterway IT, an independent provider of onboard Information Technology (IT)...

HD Korea Shipbuilding & Offshore Engineering Prices $1.55 billion exchangeable bond on strong global demand

HD Korea Shipbuilding & Offshore Engineering (HD KSOE) has successfully priced a large-scale overseas exchangeable bond (EB), attracting strong demand from global investors and...

Piraeus Port delivers strong 2025 financial performance

Piraeus Port Authority S.A. announced its financial results for fiscal year 2025, reporting record-high revenue and EBITDA, as well as strong performance across its...

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Hapag-Lloyd raises annual outlook on strong demand, freight rates

German shipping firm Hapag-Lloyd on Monday raised its outlook ​for the financial year, citing strong market ‌demand and positive freight rate developments. Hapag-Lloyd said it...

Diana Shipping Inc. announces extension of tender offer for all outstanding shares of Genco Shipping & Trading

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...

Kongsberg Maritime Q2 2026: Record-high backlog and strong newbuild execution

Kongsberg Maritime ASA announced its results for the second quarter of 2026. A record-high order backlog driven by strong newbuild order intake and execution...

Robin Energy announces reverse stock split

Robin Energy, an international ship-owning company providing energy transportation services globally, announced that its board of directors has determined to effect a one-for-fifteen (1-for-15)...

Seanergy Maritime announces pricing of €100 million unsecured corporate bond trading on Euronext Athens

Seanergy Maritime Holdings Corp. announced the pricing of the offering of €100 million of unsecured bonds to investors in Greece. The Bonds will be...

IMO Council reaffirms commitment to protecting vital shipping lanes

The Council of the International Maritime Organization has concluded its 137th session by reaffirming...

Hormuz traffic slows to multi-week low as renewed US, Iran strikes raise safety risk

The number of vessels transiting the Strait of Hormuz fell to multi-week lows on...

Russia says Ukraine struck tanker in Sea of Azov

A Ukrainian drone struck a tanker as it ​was entering the Azov-Black Sea ‌Canal,...

Höegh Autoliners extends contract with major Asian car producer into 2029

Höegh Autoliners ASA has agreed an extension of an existing contract with a major...

METLEN and Tsakos Group formalise partnership to develop one of Greece’s largest hybrid renewable...

METLEN and Tsakos Group formalised the launch of their partnership through METLEN’s entry into...

Greek Shipping Minister visits Piraeus Port

Minister of Maritime Affairs and Insular Policy Vassilis Kikilias visited the Port of Piraeus on Tuesday ahead of the peak summer holiday travel period,...

Hapag-Lloyd uses shore power in the Port of Hamburg

Hapag-Lloyd, the world’s fifth-largest container shipping company, has signed an agreement with the Hamburg Port Authority (HPA) on the use of shore power in...

DP World drives record efficiency and vessel performance at DAR Es Salaam port

DP World Dar Es Salaam has achieved record vessel performance and reduced cargo discharge times by more than 90% at the Port of Dar...

Piraeus Container Terminal marks 16 years, reports rise in cargo volumes

Piraeus Container Terminal (PCT) marked 16 years of operations, highlighting the contribution of its employees and partners in transforming the port of Piraeus into...

PPA S.A.: Gross dividend of 1.896 euros per share approved

The Piraeus Port Authority (PPA) successfully held its Annual General Meeting of Shareholders, in accordance with the applicable procedures, with shareholders representing 83.40% of...