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Finance & Economy

Lomar clinches $37m loan from Macquarie

Lomar Shipping announced the agreement of a $37.5 million credit facility with Macquarie Group for up to six vessels in its diverse fleet, the...

EuroDry Announces JV with Investors & Delivery of Eco Ultramax Bulker

EuroDry announced that it formed a joint venture with a number of investors represented by NRP Project Finance AS (“NRP Investors”) regarding the ownership...

Royal Caribbean Reports Q3 Results & Increases Full Year Guidance

Royal Caribbean Group (NYSE: RCL) reported third quarter Earnings per Share ("EPS") of $3.65 and Adjusted EPS of $3.85. These results were better than...

Imperial Petroleum buys back stock in profitable quarter

Imperial Petroleum announced its unaudited financial and operating results for the third quarter and nine months ended September 30, 2023. OPERATIONAL AND FINANCIAL HIGHLIGHTS Fleet operational...

Navios Holdings Announces Definitive Merger Agreement

Navios Maritime Holdings Inc. and N Logistics Holdings Corporation (“NLHC”), a company controlled by the Company’s Chairwoman and Chief Executive Officer, Angeliki Frangou, announced...

Deutsche Bank sets emissions targets for coal, cement, shipping clients

Deutsche Bank has set emissions reduction targets for loans to clients in the coal mining, cement and shipping sectors and now has a net-zero...

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...

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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...