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Finance & Economy

Konstantakopoulos acquires 5.1% stake in Seanergy

A private entity controlled by Costamare CEO and major shareholder Konstantinos Konstantakopoulos has acquired 1.017 million shares in Stamatis Tsantanis-led Seanergy Maritime Holdings. According...

OOCL Sees Total Second Quarter Revenues Drop

Orient Overseas Container Line (OOCL) announced its unaudited operational update for the second quarter ended 30th June 2023. For the second quarter ended 30th June...

Diana Shipping: Signing and Drawdown of US$100 Million Term Loan Facility

Diana Shipping announced that on June 26, 2023, it signed a term loan facility with DNB Bank ASA for up to US$100 million with...

OceanPal Regains Compliance With NASDAQ Minimum Bid Price Requirement

OceanPal, a global shipping company specializing in the ownership of vessels, announced that on June 23, 2023, the Company received notification from the Nasdaq...

Scorpio Tankers: $1 Billion Financing for Fleet Expansion

Scorpio Tankers announced that it has received commitments from a group of financial institutions for a previously announced $1.0 billion term loan and revolving...

Carnival Reports 2Q2023 Earnings; Sets Sights On 2026 Sea Change Program

Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) reports second quarter 2023 earnings and sets sights on 2026 SEA Change Program. U.S. GAAP net loss...

Danaos Delivers Letter to Eagle Bulk Board of Directors

Danaos, one of the world’s largest independent owners of containerships and the largest shareholder of Eagle Bulk with ownership of approximately 16.7% of the...

Scorpio Tankers Secures $94 Million Credit Facility

Scorpio Tankers announced that it has received a commitment from DekaBank Deutsche Girozentrale for a credit facility of up to $94 million. The credit facility...

Eagle Bulk Purchases Oaktree Stake in Company

Eagle Bulk, one of the world’s largest owner-operators within the midsize drybulk vessel segment, announced that its Board of Directors has approved an agreement...

Performance Shipping Posts Record Net Income

Performance Shipping reported net income of $15.7 million and net income attributable to common stockholders of $4.6 million for the first quarter of 2023. Net...

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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...