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Iron ore hits 3-week low on firmer supply, softer steel outlook

Iron ore futures prices fell to a three-week low on Thursday, as supply of the key steelmaking ingredient remained firm amid a weaker steel...

Baltic index gains on higher capesize, panamax rates

The Baltic Exchange’s main sea freight index rose on Thursday, helped by rising rates across the capesize and panamax segments. The index, which factors in...

Celestyal to add a further 47 cabins to Celestyal Discovery increasing the number by 7.4%

Celestyal has revealed additional investment into its fleet with the latest refit plans for the line’s newest ship, Celestyal Discovery. The designs include the...

Celestyal to introduce new simplified fare structure ‘Celestyal One’

· New fare to replace ‘Experience’ and ‘Experience Plus’ packages · Prepaid food and beverage digital wallet to be introduced · Changes to take effect for...

Belships reports solid results in Q3

Belships ASA reported 3rd quarter 2024 results. HIGHLIGHTS  EBITDA of USD 27.0m including USD 1.5m from Norwegian Bulk Carriers Net result of USD 19.3m Declared dividend of...

Hapag-Lloyd achieves good result in first three quarters of 2024

Hapag-Lloyd concluded the first nine months of 2024 with a Group EBITDA of USD 3.6 billion (EUR 3.3 billion). The Group EBIT stood at...

Themistoklis Alafouzos transfers Okeanis Eco Tankers shares to family members

Okeanis Eco Tankers Corp. has been notified of the following transactions: “Hospitality Assets Corp., a company beneficially owned by Themistoklis Alafouzos, a person designated as...

McDermott awarded Harriet Alpha decommissioning contract by Santos

McDermott has been awarded a large* engineering, procurement, removal and disposal (EPRD) contract by Santos for the decommissioning of the Harriet Alpha platform and...

Artificial Intelligence: The technology that revolutionizes human interaction

Artificial Intelligence (AI) is the basis for simulating human intelligence processes through the creation and application of algorithms integrated into a dynamic computing environment....

BIMCO launches Ship Recycling Alliance to help fuel change

In June 2025, the HKC will enter into force. This comes at a time when more than 15,000 ships are estimated to be recycled...

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EXMAR announces half year 2026 results

 EXMAR Shipping delivered a resilient first-half performance despite geopolitical uncertainty, evolving regulations and changing trade flows. The segment reported stable revenue year-on-year in challenging...

CMB.TECH announces q2 2026 results

CMB.TECH NV reported its unaudited financial results today for the second quarter ended 30 June 2026.

2020 Bulkers– Results for the second quarter of 20262020 Bulkers 

2020 Bulkers Ltd. announced its unaudited financial and operating results for the three and six months ended June 30, 2026. Key events during the second...

KAMCO and Standard Chartered partner to boost foreign currency financing for Korean shipowners

South Korea's state-backed asset manager KAMCO has joined forces with Standard Chartered Singapore to expand smaller domestic shipowners' access to dollar-denominated funding. The initiative...

The Swedish Club reports strong financial performance amid challenging market conditions

The Swedish Club has reported a strong and disciplined financial performance for the first half of 2026, underpinned by improved underwriting profitability, continued premium...

Shipping traffic through Strait of Hormuz rises slightly, data shows

Shipping traffic at the Strait of Hormuz rose slightly even as a geopolitical standoff...

TORM announces Q2 2026 results, dividend distribution, and financial outlook 2026

In the second quarter of 2026, TORM (Nasdaq: TRMD or TRMD A) generated time...

Iran and Oman discuss temporary Hormuz corridor as impasse with US drags on

Iran said it had restarted talks ​with neighbor Oman to manage the Strait of...

Panama Canal auction hits new record at $5.3 million

A shipper needing to transit the Panama Canal bid a record $5.3 million to...

IMO calls for urgent action as piracy resumes in the Gulf of Aden

IMO Secretary-General Mr. Arsenio Dominguez issued the following statement following reports of the SEAMULL...

Piraeus container traffic shows signs of recovery as ships return to Suez Canal

Signs of improvement are emerging in container traffic at Terminals II and III at the Port of Piraeus, as the gradual return of containerships...

Port of Los Angeles posts second-best July on record, cargo volume remains strong

The Port of Los Angeles processed 960,464 Twenty-Foot Equivalent Units (TEUs) in July, making it the second-busiest July in the Port’s history. The strong...

Announcement of Notification to Submit a Voluntary Conditional ‎Cash Offer to Acquire AD Ports Group Shares

AD Ports Group, a leading global facilitator of trade, ‎logistics, and industry, announces that it has received a notification from L’IMAD Holding Company PJSC...

DP World Expands Cold Chain Capabilities With New €48m Antwerp Hub

DP World will build a new temperature-controlled logistics hub in the Port of Antwerp. The project begins with an initial investment of EUR 48...

Port of Klaipėda delivers strong performance in 1H2026

The Port of Klaipėda delivered a strong performance in the first half of the year, demonstrating resilience in a changing market environment and further...