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Finance & Economy

Big 3 Korean shipbuilders set to log quarterly profits

South Korea’s three major shipbuilders are likely to log quarterly surplus for the July-September period and remain in the black for years, thanks to...

DP World Raises $1.5bn Green Sukuk To Support Sustainability Ambitions

DP World has reaffirmed its commitment to sustainable operations by raising USD 1.5 billion through a Green Sukuk to support its global decarbonisation efforts....

John-Kaare Aune to leave the Wallem Group; John Rowley appointed CEO

The Board of Directors of Wallem Group today announced that John-Kaare Aune will be stepping aside as Wallem Group’s CEO and after a period...

Star Bulk Announces Its 2022 ESG Report

Star Bulk announced the publication of its 2022 Environmental, Social and Governance (ESG) Report, developed in accordance with the new Global Reporting Initiative Standards...

OOCL reports Q3 revenue drop

Orient Overseas International Limited (OOIL) released its unaudited operational update for OOCL for the third quarter ended on 30 September 2023. For the third quarter...

Appointment of Director by Capital GP L.L.C.

Capital Product Partners announced that Capital GP L.L.C., its general partner, has appointed Mr. Atsunori Kozuki to act as a member of the Board...

Stolt-Nielsen Reports Third Quarter Net Profit of $90.1 Million

Stolt-Nielsen Limited reported unaudited results for the third quarter ending August 31, 2023. The Company reported a third-quarter net profit of $90.1 million with revenue...

Trafigura secures $400 million loan facility backed by United States

Commodity trader Trafigura has secured two revolving credit facilities totalling $400 million, supported by insurance from the Export-Import Bank of the United States. The funds...

Golden Ocean: Renewal of share buy-back program

Reference is made to the announcement by the Board of Directors in Golden Ocean Group Limited (OSE/NASDAQ: GOGL) dated 4 October 2022 regarding the...

DHT Holdings announces share buyback

DHT Holdings announced that the Company during the third quarter has purchased 1,137,583 of its own shares, equivalent to 0.7% of its outstanding shares,...

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Seaspan Becomes First International Ship Owner & Operator to Access China’s Panda Bond Market

Seaspan, a leading independent maritime asset owner and operator, is pleased to announce the successful issuance of a RMB 1.5 billion Panda Bond in...

DHT Holdings Announces Record Second Quarter 2026 Results

DHT Holdings announced its results for the quarter ended June 30, 2026.

Dorian LPG posts record profit

Dorian LPG Ltd. (NYSE: LPG) (the “Company,” “Dorian LPG,” “we,” “us,” and “our”), a leading owner and operator of modern very large gas carriers...

Star Bulk Carriers Reports Strongest Quarterly Results Since Second Quarter Of 2022

Star Bulk Carriers announced its unaudited financial and operating results for the second quarter of 2026.

Genco Announces Q2 2026 Financial Results; Declares Dividend of $0.80 per Share for Q2 2026

Genco Shipping & Trading Limited (NYSE:GNK) (“Genco” or the “Company”), the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, reported...

Shipping Industry Sees Major Obstacles to Iran’s Hormuz Control Plan

A proposed deal between Iran and Oman that would give Tehran control over ships...

UK continues crackdown on Russia with tough new sanctions

Russian banks, shadow fleet ships and shady businesses have been slapped with UK sanctions...

Panama Canal Announces New Draft Adjustments for Neopanamax Locks

The Panama Canal Authority announced, through a notice to shipping companies, that effective August...

Iran Says Hormuz Shipping Route Announcement With Oman Nears

Iran and Oman have reached an understanding on the geographic coordinates for a shipping...

Yemen’s Houthis Deny Plans To Impose Fees On Ships Sailing Through Red Sea

Yemen’s Houthi-run maritime coordination body denied on Saturday that it planned to impose fees...

DP World Expands Cold Chain Capabilities With New €48m Antwerp Hub

DP World will build a new temperature-controlled logistics hub in the Port of Antwerp. The project begins with an initial investment of EUR 48...

Port of Klaipėda delivers strong performance in 1H2026

The Port of Klaipėda delivered a strong performance in the first half of the year, demonstrating resilience in a changing market environment and further...

DP World Accelerates Port Decarbonization in Chile

DP World is expanding the electrification of its port operations in Chile with the introduction of seven 100% electric Internal Transfer Vehicles (ITVs) and...

Piraeus container traffic remains resilient despite Red Sea shipping disruptions

Container traffic at the Port of Piraeus remained resilient in the first half of 2026 despite mounting disruption to global shipping caused by the...

Port of Long Beach, MARAD agree to test nuclear-powered vessels

The U.S. Department of Transportation’s Maritime Administration (MARAD) today joined leaders from California’s Port of Long Beach to celebrate a new partnership focused on...