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Container rates soar on concerns of prolonged Red Sea disruption

Container shipping rates for key global routes have soared this week, with U.S. and UK air strikes on Yemen stirring concerns of a prolonged...
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Red Sea shipping slumps after US airstrikes in Yemen trigger retaliation fears

Commercial shipping entering the Bab al-Mandab Strait to exit or transit the Red Sea slumped sharply early Jan. 12, after major shipping bodies urged...
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Top bunker hub Singapore marine fuel sales hit record high in 2023

Marine fuel sales at world’s leading bunkering hub in Singapore hit a record high last year, official data showed on Friday, driven by record...
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Safe Bulkers: Acquisition of One Japanese Kamsarmax Class Dry-bulk Vessel

Safe Bulkers announced that it has entered into an agreement for the acquisition of a Japanese, 82,000 dwt, dry-bulk, Kamsarmax class vessel with a...
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TORM Announces Pricing of USD 200m Senior Unsecured Bond

TORM has successfully priced USD 200m of senior unsecured bonds due 25 January 2029. The Bonds will carry a fixed coupon of 8.25%, payable semi-annually....
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Greek Tanker Boarded by “Unauthorized” Military in Gulf of Oman

Greek oil tanker St. Nikolas was reportedly boarded by six “unauthorized” men in military uniforms in the Gulf of Oman. According to reports, the seizure...
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US & UK Strike Houthis Over Attacks on Red Sea Shipping

The US and its allies launched airstrikes on more than a dozen Houthi rebel targets in Yemen, escalating a conflict with an Iranian proxy...
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Maersk to use rail to bypass Panama Canal amid drought

A.P. Moller-Maersk will use trains to avoid the drought-hit Panama Canal for some of its vessels, the Danish shipping giant said as low water...
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Baltic index falls for fourth straight day on weaker rates

The Baltic Exchange’s dry bulk sea freight index slumped on Thursday for the fourth straight session, due to declines across vessel segments, with panamax...
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IMB: Concerning rise in maritime piracy incidents in 2023

The annual Piracy and Armed Robbery Report of the ICC International Maritime Bureau (IMB) raises concern over the first successful Somali based hijacking since...
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New Fortress Energy posts quarterly loss as all segments show weak performance

New Fortress Energy posted a loss in the first quarter on Wednesday, as the U.S. LNG firm struggled with weak performance across its segments,...

CMA CGM: A solid Group continuing its transformation in an unstable market environment

The Board of Directors of the CMA CGM Group, a global player in sea, land, air and logistics solutions, met under the chairmanship of...

C3is reports financial and operating results for the first quarter of 2025

C3is, a ship-owning company providing dry bulk and tanker seaborne transportation services, announced today its unaudited financial and operating results for the first quarter...

Castor Maritime Reports Fourth Quarter and Full Year Results for 2024

Castor Maritime, a diversified global shipping and energy company, today announced its results for the three months and year ended December 31, 2024. Highlights of...

HHLA starts new financial year with strong revenue and earnings

Despite the continually weak German economy, geopolitical tensions – notably the war in Ukraine and the escalating situation in the Middle East – as...

Stealth Maritime Corporation S.A. collaborates with Nutrigem Maritime Wellbeing Professionals

Stealth Maritime Corporation S.A. has entered into a new collaboration with Nutrigem Maritime Wellbeing...

Denmark first to launch data-driven remote pilotage

With approval from the Danish Emergency Management Agency, DanPilot and Danelec are now initiating...

Baltic Index Hits Over 1-Week Peak On Higher Capesize Vessel Rates

The Baltic Exchange’s dry bulk sea freight index, which measures shipping rates for vessels...

Paul Pathy of Fednav elected BIMCO President

BIMCO has elected Paul Pathy, President & CEO of Canada’s largest dry bulk shipping...

EU agrees new sanctions on Russia and threatens more if Putin refuses ceasefire

The European Union has agreed to impose a new round of sanctions against Russia,...

NYK to build and operate next-generation finished-vehicle logistics terminal at Port of Barcelona

On May 7, NYK was awarded a 27-year concession from Port de Barcelona for a finished-vehicle logistics terminal at the port. The new facility, scheduled...

Port of Long Beach Busiest in U.S. through First Quarter

Coming off its best first quarter on record, the Port of Long Beach is the nation’s busiest port through the first three months of...

PPA: Revenue and profits climbed to new highs for the company–An increase in the proposed dividend by 43.7%

PPA S.A. presented the financial results for the fiscal year 2024 to the Union of Institutional Investors at the Athens Stock Exchange. The presentation...

AD Ports Group moves to expand presence in Kazakhstan with plans to develop a multipurpose terminal, expand fleet in the Caspian Sea region and...

AD Ports Group, an enabler of integrated trade, transport and logistics solutions, today announced the signing and exchange of a number of diverse agreements...

MSC maintains its investment focus on Greek cruising and ports

The Mediterranean Shipping Company Group insists on Greek destinations in the cruise sector, despite the fact that it openly expresses its objections to the...

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