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Finance & Economy

Costamare see profit increase in 1Q2023

Costamare reported unaudited financial results for the first quarter ended March 31, 2023 ("Q1 2023").

EuroDry posts USD 1.5 million net loss in first quarter

EuroDry, an owner and operator of drybulk vessels and provider of seaborne transportation for drybulk cargoes, announced its results for the three-month period ended...

Danaos Reports Solid First Quarter Results

Danaos reported unaudited results for the first quarter ended March 31, 2023. Highlights for the First Quarter Ended March 31, 2023: Adjusted net income1 of $145.3...

DSME posts larger than anticipated Q1 net loss

Daewoo Shipbuilding & Marine Engineering (DSME) reported a net loss of 120.4 billion won ($90 million) in the first quarter, larger than anticipated. The figure...

SFL Reports First Quarter Net Profit of $6.3 Million

SFL Corporation announced its preliminary financial results for the quarter ended March 31, 2023. Highlights 77th consecutive quarterly dividend declared, increased to $0.24 per shareNet profit...

d’Amico Posts Strong Q1 Consolidated Results

The Board of Directors of d’Amico International Shipping S.A., a leading international marine transportation company operating in the product tanker market, examined and approved...

Torm profits soar in first quarter

TORM announced interim results for the first quarter 2023:

Euronav sees multi-year upcycle in large crude tanker freight markets

Euronav NV reported its non-audited financial results today for the first quarter ended 31 March 2023. Hugo De Stoop, CEO of Euronav said: “The counter...

Teekay posts strong Q1 results

Teekay Corporation reported results for the three months ended March 31, 2023. CEO Commentary “Teekay posted strong financial results in the first quarter of 2023, reporting...

CMA CGM Commits to $5.5 Billion Bollore Logistics Buyout

French shipping group CMA CGM has committed to buy the logistics operations of family-run conglomerate Bollore for an enterprise value of 5 billion euros...

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Genco Shipping & Trading to review Diana Shipping’s unsolicited tender offer

Genco Shipping & Trading Limited, the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, confirmed that Diana Shipping, Inc. has...

Diana Shipping launches tender offer to acquire all outstanding shares of Genco Shipping & trading for $23.50 per share in cash

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...

Bahri reports first quarter 2026 results with net profit of SAR 2.15 billion

The National Shipping Company of Saudi Arabia (“Bahri” or the “Company”, 4030 on the Saudi Exchange), the Kingdom’s leading shipping and logistics provider, announced...

Subsea 7 S.A. announces first quarter 2026 results

Subsea 7 S.A announced results of Subsea7 Group (the Group, Subsea7) for the first quarter which ended 31 March 2026.  Highlights   • First quarter Adjusted EBITDA...

Pacific International lines delivers resilient earnings in FY2025

PIL Pte Ltd announced its financial results for the fiscal year ended 31 December 2025. The Group delivered net profit after tax of US$1.04...

Posidonia 2026 conference programme kicks off early with geopolitics dominant in industry agenda

From insurance and risk management to energy transition, digitalisation and maritime security, the Posidonia...

Swedish coast guard seizes suspected false flag tanker in Baltic sea

The Swedish Coast Guard said on Sunday it had seized a tanker in the...

Trump says US operation will aid ships stranded in Strait of Hormuz

President Donald Trump said on Sunday the U.S. would start an effort on Monday...

Celestyal launches one-day flash sale with fares from 179€

Celestyal has announced a one-day-only flash sale, offering limited-time fares across a selection of...

Tamara de Gruyter, President, Wärtsilä Energy Storage and Executive Vice President to continue her...

Tamara de Gruyter, President, Wärtsilä Energy Storage and Executive Vice President, and a member...

Stable cargo flows in the Port of Gothenburg despite mixed first-quarter performance

Container handling in the Port of Gothenburg continues to show positive development in terms of loaded cargo volumes. At the same time, the share...

PPA: Investment of 3.25 million euros

Piraeus Port Authority S.A. (PPA) announced the launch of works for the development of a new park featuring a model playground and a cycling...

Piraeus Port is resilient – Record performance and investments of 1.4 billion euros

The resilience and growth prospects of the Port of Piraeus, despite heightened geopolitical turbulence affecting shipping and transport, were highlighted by the Deputy CEO...

Panama Canal says $1 million-plus auction slots reflect temporary surge in demand

The Panama Canal Authority said on Thursday that some ships had recently paid more than $1 million for crossing slots at auction, but ​said...

Throughput in the port of Rotterdam remains stable, with a slight decline of 0.7%

Throughput at the port of Rotterdam fell slightly by 0.7% in the first quarter of 2026 compared with the same period last year. Throughput...