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Finance & Economy

Navios Holdings Posts Net Income of $15.5 Million in Q2

Navios Maritime Holdings Inc., reported its financial results for the second quarter and six months ended June 30, 2023. Navios Holdings owns (i) a controlling...

Frontline posts solid quarter as supportive tanker fundamentals continue

Frontline plc, reported unaudited results for the six months ended June 30, 2023: Highlights Highest second quarter profit since 2008 of $230.7 million, or $1.04 per...

Navios Partners Reports Financial Results for the Second Quarter & Six Months Ended June 30, 2023

Navios Partners, an international owner and operator of dry cargo and tanker vessels, reported its financial results for the second quarter and six month...

BHP logs lowest annual profit in three years, sees slower growth

BHP Group on Tuesday reported its lowest annual profit in three years and warned that lag effects of higher interest rates would impact growth...

Globus Announces Amendment to Term Loan Facility; Signs Agreements to Sell Two Vessels

Globus Maritime Limited announced that it has entered into, amended and restated a term loan facility with First Citizens Bank & Trust Company (formerly...

Torm posts profit, returns USD 126 million to shareholders

In the second quarter of 2023, TORM saw a 23% increase in TCE per day to 36,360 USD/day (2022, same period: 29,622 USD per...

2020 Bulkers announces 2Q2023 Financial Results

2020 Bulkers announced its unaudited financial and operating results for the three and six months ended June 30, 2023. Key events during the second quarter...

ZIM posts $213m net loss for the second quarter

ZIM Integrated Shipping Services Ltd. (NYSE: ZIM), a global container liner shipping company, announced its consolidated results for the three and six months ended...

Navigator Holdings posts $26.6 million net income in Q2

Navigator Holdings Ltd. has announced (Unaudited) Preliminary Second Quarter 2023 Results. Highlights On August 15, 2023, the Board declared a cash dividend of $0.05 per share...

Performance Shipping regains compliance with NASDAQ rules

Performance Shipping, a global shipping company specializing in the ownership of tanker vessels, announced that the Nasdaq Stock Market has confirmed that the Company...

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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...