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Trafigura issues statement on Mongolia petroleum products business

An internal review followed by an external forensic investigation have uncovered serious misconduct by individuals in Trafigura’s Mongolian petroleum products supply business.  The misconduct included...

Dorian announces Q2 FY2025 financial results

Dorian, a leading owner and operator of modern very large gas carriers, reported its financial results for the three months ended September 30, 2024. Key...

Monjasa expands into new offshore US Gulf operations

Global top 10 marine fuels supplier, Monjasa, expands further into the US Gulf, following five years of maritime operations in the Port of Houston. As...

Shipbroker SSY enters LPG and ammonia markets

SSY, the world’s largest independent shipbroker, announced that it is to enter the LPG and Ammonia markets in order to help its global client...

Iron ore trades sideways as investors await cues on fresh China stimulus

Iron ore futures held within a narrow range on Thursday as upbeat industry data from top consumer China lifted sentiment, but gains were capped...

Baltic index drifts lower as supramax hits over 8-month low

The Baltic Exchange’s main sea freight index tracking rates for ships carrying dry bulk commodities eased on Thursday, as supramax index fell to its...

Piraeus Port posts record revenue and profits in Q3

PPA announces financial results for the third quarter of 2024, focusing on the financial performance and strategic developments which configures its growth. The Company continues...

Dragnis to “N”: Greek shipowners invest in offshore support vessels

The last move was made last week by Goldenport of the Dragni family. Together with Maas Capital and Allianz Marine Services, they established MAG...

ONE announces financial results for FY2024 2nd quarter

Ocean Network Express (ONE) released the financial result for FY2024 2nd Quarter. The revenue for FY2024 2nd quarter was US$5,864million, up 65% from the...

NORDEN reports net profit of USD 25 million in Q3 2024

NORDEN generated a net profit of USD 25 million in the third quarter of 2024, impacted by weaker than expected markets in both dry cargo and...

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Borr Drilling announces voluntary delisting from Oslo Stock Exchange

Borr Drilling announced that Euronext Oslo Stock Exchange has approved the Company's application for delisting, following an affirmative shareholder vote at the Company's Special...

Costamare posts strong Q3 results, continues fleet investment

Costamare reported unaudited financial results for the third quarter and nine-months ended September 30, 2024. I. PROFITABILITY AND LIQUIDITY Q3 2024 Net Income available to common...

Cosco Shipping Holdings sees quarterly profits soar

COSCO SHIPPING Holdings announced the third quarter results for 2024.  In the first three quarters of 2024, the volume of cargo in major markets grew...

Teekay Corporation reports third quarter 2024 results

Teekay Corporation reported results for the three months ended September 30, 2024. These results include the Company’s publicly-listed consolidated subsidiary, Teekay Tankers and all...

Piraeus Port posts record revenue and profits in Q3

PPA announces financial results for the third quarter of 2024, focusing on the financial performance and strategic developments which configures its growth. The Company continues...

Seanergy shareholders overwhelmingly re-elect Seanergy nominees at 2024 annual meeting

Seanergy Maritime Holdings announced that at the Company’s 2024 Annual Meeting of Shareholders, Seanergy...

Golden Union profits from newcastlemax bulker sale

Theodore Veniamis – led Golden Union has reportedly sold bulk carrier Crassier (206,300 dwt)...

Baltic index edges lower as rates of some vessel segments fall

The Baltic Exchange’s dry bulk sea freight index fell on Monday, pressured by falling...

Yemen’s Houthis will keep blockade on Israeli vessels after asset sale reports

Yemen’s Houthis said on Sunday they would maintain their maritime blockade against Israeli vessels...

Maersk opens its first own-licensed bonded warehouse in north Vietnam

A.P. Moller – Maersk opened its first bonded warehouse in Vietnam at SLP Park,...

MOL to build logistic center on Kobe’s Port Island

Mitsui O.S.K. Lines announced its decision to construct a logistics center, including two warehouses for dangerous goods and one warehouse for general cargo, on...

Piraeus Port posts record revenue and profits in Q3

PPA announces financial results for the third quarter of 2024, focusing on the financial performance and strategic developments which configures its growth. The Company continues...

CMA CGM and Marsa Maroc join forces to equip and operate container terminal in Morocco

The CMA CGM Group, a global leader in sea, land, air, and logistics solutions, signed with Marsa Maroc, a national leader in port terminal...

COSCO invests in Thailand’s largest port

COSCO SHIPPING Ports Limited announces its acquisition in 12.5% and 30% of the equity stakes in Thai Laemchabang Terminal Co., Ltd. (‘TLT’) and Hutchison...

Container throughput is the strongest climber in the port of Rotterdam in the third quarter of 2024

The throughput in the port of Rotterdam decreased by 0.4% in the first three quarters of this year. The total throughput therefore equalled 328.6...