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China approves merger of CSSC and CSIC to create world’s largest shipbuilder

The Shanghai Stock Exchange has reportedly approved the merger of China State Shipbuilding Corporation and China Shipbuilding Industry Corporation, setting the stage for the...

Korean Government requests U.S. to exempt car carrier ships from entry fee

The Korean government has officially requested the United States to exempt car carrier ships from the newly announced entry fee, which the U.S. plans...

Gunvor secures US $1.335 billion sustainability-linked syndicated RCF with oversubscription

Gunvor Singapore, a wholly-owned subsidiary of Gunvor Group, has closed a US$1.285 billion sustainability-linked, syndicated revolving credit facility on 13 June 2025. The Facility, which...

HD Hyundai, India’s Cochin Shipyard to pursue joint shipbuilding orders

HD Hyundai Co., the world’s largest shipbuilding group based in South Korea, has signed a memorandum of understanding with India’s largest state-run shipbuilder, Cochin...

Intermodal Weekly Market Report [W27]

The Baltic Dry Index is on a downward trend, suffering losses of 28% since mid-June, reading 1,431 at the time of writing.

Iron ore rebounds despite Trump’s tariff threat triggering caution

Iron ore futures prices rebounded on Tuesday, supported by resilient near-term demand in top consumer China, although caution triggered by U.S. President Donald Trump’s...

Baltic dry index falls to one-month low as capesize rates weaken

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

Heidmar Maritime Holdings acquires its first vessel and establishes foothold in container shipping

Heidmar Maritime Holdings announced its first vessel acquisition, making it a strategic milestone in the Company’s project development and growth strategy. Heidmar has entered into...

Samsung Heavy wins $637M offshore facility deal in Africa

Samsung Heavy Industries, a major Korean shipbuilder, said on Monday that it has secured a deal worth 869.4 billion won ($637 million) to build...

Brazil’s Petrobras seeks Chinese partners for shipyards

Chinese firms Cosco, Offshore Oil Engineering, China State Shipbuilding and China International Marine Containers have signed a memorandum of understanding with Brazilian shipbuilders EBR,...

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Trafigura to provide over USD1 billion to support US refineries acquisition by CVR Energy, Inc.

Trafigura US Holdings, Inc. has signed strategic agreements with CVR Energy, Inc. (“CVR”) to support its intended acquisition of the Mandan refinery in North...

Navigator Gas announces preliminary third quarter 2026 results

Navigator Holdings Ltd. (described herein as "Navigator Gas" or the "Company") (NYSE: NVGS), the owner and operator of the world's largest fleet of handysize...

Ardmore Shipping reports Q3 and nine-month 2026 results

Ardmore Shipping Corporation announced results for the three and nine months ended September 30, 2026. Highlights and Recent Activity Reported net income attributable to common stockholders...

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...

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 Port Authority: Investments surge 84.5% to €126.6 million in 9-month

Piraeus Port Authority (PPA) recorded strong investment momentum in the first nine months of 2026, with capital expenditure rising 84.5% to €126.6 million, while...

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...