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Union of Greek Shipowners praises Greece’s performance at IMO

The Union of Greek Shipowners, whose president is Melina Travlou, congratulated the country on its ceremonial re-election to Category A of the Council of...

Norsepower signs landmark deal with Idemitsu Tankers: first-ever release of VLCC to be equipped with rotor sails

Norsepower, the leading provider of mechanical sails for large vessels, and Idemitsu Tanker Co., Ltd., the shipping arm of Idemitsu Kosan, have announced their...

Eni launches the Phase 2 of Congo LNG ahead of schedule

With the arrival of the Nguya FLNG floating liquefaction unit and the introduction of gas into the new offshore infrastructure system, Eni announces the...

Marco Polo Marine closes 16.7% higher on profit jump, bright outlook; over 100 million shares change hands

Shares of  Marco Polo Marine: 5LY -2.14% ended Tuesday (Dec 2) up 16.7 per cent or S$0.02 at S$0.14, after more than 100 million...

Hyundai Motor Company joins forces with HD KSOE and PNU to develop maritime fuel cell system

Hyundai Motor Company has signed a landmark Memorandum of Understanding (MoU) to co-develop a maritime fuel cell system. This initiative marks Hyundai Motor’s effort...

BW LPG profit down in third quarter

BW LPG Limited reported a Q3 2025 Net Profit After Tax (NPAT) of US$57 million, yielding an annualized return on equity of 12%. The...

Iron ore climbs as infra demand, steady steel use counter weak China data

Iron ore futures rose on Tuesday, as infrastructure demand and steady steel consumption countered weak China economic data. The most-traded January iron ore contract on...

Baltic index hits near two-year peak as capesize registers strong gains

The Baltic Exchange’s dry bulk sea freight index, which tracks rates for vessels transporting dry bulk commodities, climbed to log a near two-year high...

Cruise Saudi welcomes Celestyal on its maiden call to Jeddah with plaque exchange

Celestyal has marked its first ever visit to Jeddah, Saudi Arabia, with a traditional plaque exchange ceremony in collaboration with Cruise Saudi. The 1260-guest Celestyal...

Havila secures more work with Equinor

Equinor Energy has exercised one year option for Havila Foresight (PSV) until January 2027. Equinor Energy has an option for one year thereafter, until January...

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COSCO profit jumps most in two years as turmoil supports rates

Cosco Shipping Holdings Co. earnings jumped the most in two years as persistent geopolitical disruptions rerouted trade routes, tying up more of its vessels...

NORDEN reports strong Q3 results and raises full-year guidance

NORDEN delivered a net profit of USD 54 million (DKK ~350 million) in the third quarter of 2026, supported by strong markets and solid...

Q3 2026: KONGSBERG delivers a strong third quarter with a record-high order backlog

Kongsberg Gruppen ASA increased its revenues by 50 per cent to NOK 11.3 billion in the third quarter. High activity levels and strong demand...

Noble Corporation announces third quarter 2026 results

Noble Corporation announced third quarter 2026 results. Approximately $560 million in new contract value awarded since the July fleet status report; backlog stands at $6.7 billion. $0.50...

Scorpio Tankers Announces Financial Results for the Third Quarter of 2026

 Scorpio Tankers reported its financial results for the third quarter of 2026, highlighting the company’s latest financial performance.    

Greek-owned containership sinks off Bulgaria after attack by three sea drones

The Greek-managed containership Contship Jet has sunk off the Bulgarian coast after being attacked...

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...

COSCO SHIPPING Ports announces 2026 third quarter results

COSCO SHIPPING Ports Limited, the world’s leading ports logistics service provider, today announced the results of the Company and its subsidiaries (the ‘Group’) for...

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%...