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Pacific Basin announces the acquisition of four 40,000 dwt Handysize newbuilding vessels

Pacific Basin Shipping Limited, one of the world’s leading dry bulk shipping companies, entered into ship purchase contracts with Jiangmen Nanyang Ship Engineering Co.,...

Hanwha Ocean to sign MOU to bridge pay gap between prime contractors and subcontractors

Hanwha Ocean will sign an agreement with the government and the shipbuilding industry to eliminate the gap between prime contractors and subcontractors. As the...

Iron ore ends the week lower due to lower demand, stockpile build-up

Iron ore futures edged up on Friday as China announced that it would continue with its export licensing plans, but ultimately ended the week...

Subsea7 awarded contract offshore US

Subsea7 today announced the award of a sizeable1 contract by LLOG Exploration Offshore L.L.C., for the Buckskin South Expansion project. The Buckskin field is...

DOF Group ASA – Two contract awards in the APAC region

DOF Group ASA announced the award of two contracts in the APAC region. ‍The first is for a three-year frame agreement for the provision of...

MOL signs a project finance agreement for FSRU project in Singapore

Mitsui O.S.K. Lines, Ltd. announced the signing of a project finance agreement with a banking syndicate-including the Japan Bank for International Cooperation (JBIC), Mitsubishi...

Intermodal Weekly Market Report [W51]

While the war in Ukraine remains unresolved, any meaningful deescalation arising from ongoing peace discussions would extend well beyond energy markets and materially reshape...

Iron ore slips as mill maintenance, rising China port stocks weigh

Iron ore futures prices closed lower on Tuesday, weighed by steel mills undergoing annual furnace maintenance and rising Chinese port inventories. The most-traded May iron...

Baltic Index falls to five-month low as vessel rates decline across the board

The Baltic Exchange’s dry bulk sea freight index, which tracks rates for vessels transporting dry bulk commodities, fell to an over five-month low on...

NYK Group signs heads of agreements with JERA on low -carbon ammonia marine transport

NYK Bulkship (Asia) Pte. Ltd., a member of the NYK Group located in Singapore, has signed two heads of agreements with JERA Co., Inc....

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Wärtsilä’s Half-year Financial Report January–June 2026

Wärtsilä has released its Half-year Financial Report for January–June 2026, outlining the company’s financial and operational performance during the first six months of the...

Nakilat achieves QAR 857 million net profit for the first half of 2026

Qatar Gas Transport Company Q.P.S.C. (Nakilat) announced its consolidated financial results for the first half of the year ended 30 June 2026, with a...

BW LPG Limited – Update on BW LPG’s Product Services Q2 2026 segment performance

BW LPG provided an update on its Product Services’ (“BW Product Services”) Q2 2026 segment performance. Q2 2026 highlights: Gross trading result: – USD 19 million This...

DNB: Solid results driven by lending growth and high customer activity

DNB recorded profits after tax of NOK 9.8 billion in the second quarter of 2026.  “The level of activity in the Norwegian economy is high...

OOIL announces operational update for 2Q2026

The Board of Directors of Orient Overseas (International) Limited has adopted a policy of announcing unaudited operational updates for Orient Overseas Container Line (“OOCL”)...

Greek flag maintains top international quality rankings

The Greek ship registry continues to meet the highest international quality standards, consistently earning...

Three tankers carrying Saudi crude make U-turns in Red Sea after Houthi warning

Three oil tankers loaded with Saudi crude for China and India made U-turns in...

Attacks on Greek tankers heighten shipping security concerns

A fresh wave of attacks on commercial shipping has heightened concerns over maritime security...

Hormuz vessel crossings extend slide on fresh US-Iran attacks

Vessel crossings via the Strait of Hormuz dropped further at the start of the...

Yemen’s Houthis announce a maritime embargo against Saudi Arabia

Yemen’s Houthi rebels have announced they are imposing a maritime embargo against Saudi Arabia...

PPA S.A. receives double distinction at the “Protagonists of the Greek Economy 2026” Awards

Piraeus Port Authority received two prestigious distinctions at the “Protagonists of the Greek Economy 2026” Awards, reaffirming its leading role in the Greek economy...

Port of Antwerp-Bruges stands firm in a challenging first half of 2026

Cargo handling declined by 2.4%, the market share of containers remained stable, and investments are bolstering the future. In the first half of 2026, Port...

PPA S.A. publishes 2025 sustainability report

PPA S.A. continues to invest systematically in the sustainable development and modernization of the Port of Piraeus by integrating Environmental, Social and Governance (ESG)...

Port of Los Angeles records best June ever, tops 1 million container units

Dockworkers at the Port of Los Angeles moved 1,002,734 Twenty-Foot Equivalent Units (TEUs) in June, making it the busiest June in the Port's 118-year...

Port of Long Beach cargo up at year’s midpoint

Trade moving through the Port of Long Beach saw double-digit growth in June, running just ahead of last year’s record-setting pace halfway into 2026,...