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Commission launches Industrial Maritime Strategy for a competitive, sustainable and resilient EU maritime sector

The European Commission has adopted a comprehensive Industrial Maritime Strategy to drive competitiveness, innovation and technological leadership in Europe’s maritime manufacturing and shipping industries. The Strategy sets out...

HMM union vows legal fight as Korea pushes Busan headquarters move

HMM's land-based labor union said on the 3rd it will launch legal action if the company's major shareholder replaces outside directors whose terms expire...

Pelagic Credit Plc: Private placement successfully placed and listing on Euronext Growth Oslo

Pelagic Credit Plc. refers to the stock exchange announcement on 27 February 2026 regarding a contemplated private placement of new shares in the Company...

Hafnia Limited: Exercise of options and sale of shares by primary insiders

On 3 March 2026, certain primary insiders of Hafnia Limited have, in total, exercised 725,019 vested options granted under the Company's ordinary long-term investment...

Exclusive: Qatar shuts gas liquefaction, will take weeks to restart, sources say

Qatar declared force majeure on gas exports on Wednesday amid ​the U.S.-Israeli war on Iran, with sources saying it may take at least a...

Tanker heads to UAE port via Strait of Hormuz to load oil, sources say

An oil tanker sailed through the Strait of Hormuz ​on Tuesday, heading to a United Arab Emirates ‌port to load crude in a rare...

Diana Shipping Inc. announces time charter contract for m/v Crystalia with SwissMarine

Diana Shipping Inc., a global shipping company specializing in the ownership and bareboatcharter-in of dry bulk vessels, announced that, through a separate wholly-owned subsidiary,...

Greek shipping minister warns of alarming situation in Strait of Hormuz

Greece's shipping minister on Tuesday called for the protection of global shipping and seafarers, amid an "alarming" situation that ​has left dozens of ships...

Strait of Hormuz: Traffic of vessels down 70%

The number of vessels passing through the Strait of Hormuz has dropped by 70% amid regional tension, according to Marine Traffic. Iran has not officially...

Freight rates and tanker values skyrocket

Against the backdrop of rapidly escalating developments in the Middle East, shipping markets are reacting to the crisis with significant upward pressure on rates. Freight...

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Subsea 7 S.A. announces first quarter 2026 results

Subsea 7 S.A announced results of Subsea7 Group (the Group, Subsea7) for the first quarter which ended 31 March 2026.  Highlights   • First quarter Adjusted EBITDA...

Pacific International lines delivers resilient earnings in FY2025

PIL Pte Ltd announced its financial results for the fiscal year ended 31 December 2025. The Group delivered net profit after tax of US$1.04...

ONE delivers profitable full-year result, despite volatility

Ocean Network Express has announced its financial results for FY2025 (April 2025 to March 2026). Revenue for 4Q FY2025 was US$4,042 million, bringing the total...

MOL sees sharp net profit drop

Mitsui O.S.K. Lines (MOL) has reported net profit attributable to shareholders amounting to JPY 213.2bn ($1.3bn), down 49.9% from JPY 425.4bn a year earlier. Ordinary...

Costamare orders 16 containerships in China; posts USD 75 mln net income in Q1

Costamare Inc. reported unaudited financial results for the first quarter ended March 31, 2026 (“Q1 2026”).

Celestyal launches one-day flash sale with fares from 179€

Celestyal has announced a one-day-only flash sale, offering limited-time fares across a selection of...

Tamara de Gruyter, President, Wärtsilä Energy Storage and Executive Vice President to continue her...

Tamara de Gruyter, President, Wärtsilä Energy Storage and Executive Vice President, and a member...

Celestyal launches ‘The Iconic Sale’ with fares from €499

Celestyal has launched its new ‘Iconic Sale’, offering savings across its full Mediterranean and...

Seafarer shares first-hand account with IMO about being stranded in the Persian Gulf

IMO Secretary-General Arsenio Dominguez has called on all Member States to support efforts to...

Columbia Group names Andreas Hadjipetrou new CEO

Columbia Group has appointed Andreas Hadjipetrou as its new Chief Executive Officer, with Demetris...

PPA: Investment of 3.25 million euros

Piraeus Port Authority S.A. (PPA) announced the launch of works for the development of a new park featuring a model playground and a cycling...

Piraeus Port is resilient – Record performance and investments of 1.4 billion euros

The resilience and growth prospects of the Port of Piraeus, despite heightened geopolitical turbulence affecting shipping and transport, were highlighted by the Deputy CEO...

Panama Canal says $1 million-plus auction slots reflect temporary surge in demand

The Panama Canal Authority said on Thursday that some ships had recently paid more than $1 million for crossing slots at auction, but ​said...

Throughput in the port of Rotterdam remains stable, with a slight decline of 0.7%

Throughput at the port of Rotterdam fell slightly by 0.7% in the first quarter of 2026 compared with the same period last year. Throughput...

High-level meeting on European strategies for the maritime industry and ports

A high-level meeting on the implementation of the European Maritime Industrial Strategy and the European Ports Strategy will be hosted in Athens on April...