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Global Ship Lease reports results for the second quarter of 2025

Global Ship Lease, an owner of containerships, announced its unaudited results for the three and six-month periods ended June 30, 2025. Second Quarter of 2025...

TEN confirms VLCC order at Hanwha

Tsakos Energy Navigation has confirmed an order for up to three VLCC newbuildings at Hanwha Ocean. TEN has ordered two eco VLCCs at the S....

Intermodal Weekly Market Report [W31]

A new fault line is emerging in global trade, this time between long-time strategic partners, the United States and India. Recent statements by U.S....

Iron ore nears one-week high on resilient China demand

Iron ore futures climbed on Tuesday to a near one-week high, aided by resilient near-term demand in top consumer China. However, price gains were limited...

Baltic index hits near three-week low as larger vessel rates fall

The Baltic Exchange’s main sea freight index, which measures rates for ships carrying dry bulk commodities, extended losses to a near three-week low on...

bp announces hydrocarbon discovery at Bumerangue exploration well, offshore Brazil

bp drilled exploration well 1-BP-13-SPS at the Bumerangue block, located in the Santos Basin, 404 kilometres (218 nautical miles) from Rio de Janeiro, in...

SeaLead confirms compliance amid sanctions on chartered vessels

SeaLead has been made aware that multiple vessels, chartered by the company for commercial purposes, have been added to the Office of Foreign Assets...

Panama will not register oil tankers and bulk carriers older than 15 years

The Panamanian Ship Registry has updated its policies to optimize the operational performance of its fleet, minimize the risk of detentions, and prevent the...

Clarksons delivers “good performance” in 1H2025

Clarkson PLC announced unaudited Interim results for the six months ended 30 June 2025. Summary ·      Underlying profit before taxation* of £39.4m (2024: £51.5m) ·      Underlying basic earnings per...

Bahri posts robust 1H financial results

The National Shipping Company of Saudi Arabia (Bahri or the Company, 4030 on the Saudi Exchange), the Kingdom’s leading shipping and logistics provider, today...

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WISTA International elects new president and champions cross-border collaboration at conference in Kuala Lumpur

WISTA International has elected Céline Mortier as its new President. The former WISTA Belgium President and CEO of maritime provider Bogerd Martin was formally...

Contships Logistics reports Q3 & 9M 2026 results

Contships Logistics Corp. announced its unaudited financial and operating results for the three and nine months ended September 30, 2026. Highlights Fleet Composition -During the first nine...

Navios Maritime Holdings increases tender offer price to $16.00 and extends the expiration date of cash tender offer to purchase Series G and Series...

Navios Maritime Holdings Inc. announced that it is amending its previously announced tender offer to purchase any and all outstanding Series G and Series...

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...

DryDel: Investment drives competitiveness

DryDel Shipping’s strategy for renewing its fleet and strengthening its competitiveness was outlined by...

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...

Piraeus among COSCO’s top ports as container throughput rises 11.4%

Piraeus Container Terminal PCT) recorded an 11.4% increase in container throughput at Piers II and III in the third quarter of 2026, with COSCO...

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...