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Clarksons posts new profit record

Clarkson PLC announced preliminary results for the 12 months ended 31 December 2024. Summary ·       Another record underlying profit before taxation* of £115.3m (2023: £109.2m), an...

Global Chartering Limited and SEKAVIN sign cooperation agreement

Global Chartering Limited, a joint venture between ArcelorMittal and DryLog, and SEKAVIN have agreed to develop a strategic partnership to strengthen cooperation in the...

Iron ore falls on concerns over demand outlook

Prices of iron ore futures slipped on Monday as caution over U.S. tariffs and China’s pledge to cut crude steel output this year clouded...

Baltic index scales 14-week peak on larger vessel rate gains

The Baltic Exchange’s dry bulk sea freight index, which monitors rates for vessels moving dry bulk commodities, rose to a more than 14-week high...

Seaspan to build made-in-Canada heavy polar icebreaker

Seaspan Shipyards has been awarded the construction contract to build one of the Canadian Coast Guard’s new heavy polar icebreakers. The polar icebreaker will be...

A.P. Moller Capital acquires 40% stake in Philippines logistics company

A.P. Moller Capital, through EMIF II Holding III B.V., has entered into a binding agreement to acquire 40% of AC Logistics, currently a wholly-owned...

Russian tanker group Sovcomflot expects more pressure from Western sanctions after profit slump

Russia's leading tanker group Sovcomflot on Friday blamed Western sanctions for a profit slump in 2024 and warned that new restrictions imposed on its...

MOL acquires LBC Tank Terminals

Mitsui O.S.K. Lines announced its decision to acquire 100% of the membership rights of LBC Tank Terminals Group Holding Netherlands Coöperatief U.A., one of...

Keppel’s flagship infrastructure fund leads acquisition of subsea cable specialist Global Marine Group

Keppel announced that Keppel Infrastructure Fund and its co-investor have acquired a 100% stake in Global Marine Group from investment affiliates of J.F. Lehman...

Greek-owned fleet grows; flag on steady downward trajectory

The global leadership of the Greek-owned fleet, as well as the steady downward trend of the Greek flag were reflected in the data of...

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d‘Amico International Shipping sees rise in earnings

The Board of Directors of d’Amico International Shipping S.A., a leading international marine transportation company operating in the product tanker market, examined and approved...

International Seaways posts record quarterly net income; matches record dividend

International Seaways, one of the largest tanker companies worldwide providing energy transportation services for crude oil and petroleum products, reported results for the third...

Dorian LPG announces record earnings in Q2

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

Navigator Gas announces preliminary third quarter 2026 results

Navigator Holdings Ltd., the owner and operator of the world’s largest fleet of handysize liquefied gas carriers, announces its results for the three months...

SFL – Third quarter 2026 results

SFL Corporation Ltd. announced preliminary financial results for the quarter ended September 30, 2026. Highlights 91st consecutive quarterly dividend declared, $0.22 per share Total operating revenues of...

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...