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Scorpio Tankers announces agreements to construct VLCCs

Scorpio Tankers announced that it has signed letters of intent to construct two Very Large Crude Carriers at Hanwha Ocean Co. Ltd., South Korea. ...

United Maritime delivers “solid profitability” in Q3

United Maritime Corporation, announced its financial results for the third quarter and nine months ended September 30, 2025. The Company also declared a quarterly...

Akrotiri Tankers orders LR1 units in China – report

According to TradeWinds, Akrotiri Tankers has ordered its first newbuildings ever. Specifically, the shipping company has reportedly ordered a pair of LR1 units at New...

Intermodal Weekly Market Report [W45]

One of the more interesting paradoxes in today’s dry bulk market is unfolding in China’s steel value chain. On the surface, the story is...

Iron ore rangebound amid fresh stimulus hopes and softening demand signs

Iron ore futures traded in a tight price range on Tuesday, as investors weighed prospects of fresh stimulus from Beijing next month against signs...

Baltic Index edges down on weak capesize rates

The Baltic Exchange’s dry bulk sea freight index, which monitors rates for vessels moving dry bulk commodities, ticked down on Tuesday, pressured by falling...

Venture Global posts third-quarter profit

Venture Global has reported financial results for the quarter ended September 30, 2025.  As a reminder, Venture Global will host a conference call for investors...

Global Ship Lease reports third quarter net income of $92.6 million

Global Ship Lease, Inc., an owner of containerships, announced its unaudited results for the three and nine-month periods ended September 30, 2025. Third Quarter of...

DOF Group ASA – Awarded a subsea services contract by bp in the North Sea

DOF Group ASA announced that bp has awarded it a 3-year firm commitment contract (with a further 2 x 1-year options) for the provision...

Buksér og Berging and Svitzer join forces

Global towage and marine solutions provider, Svitzer Group A/S (Svitzer), has acquired a 66.6% stake in leading Norwegian towage and marine service company, Buksér...

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Moody’s revises Danaos outlook to positive from stable

Moody’s has revised the outlook on Danaos Corp’s Corporate Family Rating (CFR) to positive from stable. The company’s rating remains at Ba1, while Moody’s has...

Dorian LPG declares irregular cash dividend of $1.25 per share

Dorian LPG Ltd., a leading owner and operator of modern and ECO very large gas carriers, announced that its Board of Directors has declared...

Capital Clean Energy Carriers announces third quarter 2026 financial results

Capital Clean Energy Carriers Corp., an international owner of ocean-going vessels, released its financial results for the third quarter ended September 30, 2026. Key Highlights Took...

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...

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%...