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Baltic index drops to a three-month low on lower vessel rates

The Baltic Exchange’s dry bulk sea freight index, tracking rates for ships carrying dry bulk commodities, slipped to its lowest level in three months...

Panama Canal looks to boost transits in September as rains come early

The Panama Canal expects to increase the number of daily transit slots for vessels to 36 from the current 34 beginning in September, the...

Shelf Drilling announces Baltic rig update

Shelf Drilling announces that the Baltic jack-up rig has completed its contract in West Africa, and the rig will shortly commence mobilization to Southeast...

Scorpio Tankers announces financial results for the second quarter of 2024

Scorpio Tankers reported its results for the three and six months ended June 30, 2024. The Company also announced that its board of directors...

Subsea Integration Alliance awarded EPCI contract offshore UK

Subsea7 announced the award of a sizeable contract by bp to Subsea Integration Alliance, for the Murlach development (formerly Skua field), 240 kilometres east of...

Hanwha Ocean spurs innovation for greener shipbuilding

As the maritime industry navigates towards a greener future, the demand for vessels meeting stringent carbon reduction regulations is increasing in line with the...

Russian wheat export prices flat, analysts believe they have bottomed out

Russian wheat export prices were largely unchanged last week, and analysts say that prices have reached the bottom as farmers are reluctant to sell...

Dalian iron ore pares losses on better China data, stimulus hopes

Dalian iron ore futures prices pared earlier losses on Monday, buoyed by better-than-expected industrial data and hopes of stimulus measures from top consumer China...

Saudi Arabia’s Bahri reports 15% jump in Q2 revenue on year on oil, chemicals

The National Shipping of Saudi Arabia, or Bahri, attributed a 15% year-on-year increase in revenue in the second quarter to better oil and chemicals...

China’s COSCO Shipping, Fortescue to build green fuel supply chain

China's COSCO Shipping Corporation has signed a preliminary agreement with Australia's Fortescue, opens new tab to jointly build a green fuel supply chain to...

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Genco Shipping & Trading to review Diana Shipping’s unsolicited tender offer

Genco Shipping & Trading Limited, the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, confirmed that Diana Shipping, Inc. has...

Diana Shipping launches tender offer to acquire all outstanding shares of Genco Shipping & trading for $23.50 per share in cash

Diana Shipping Inc., a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels that owns approximately 14.8% of the...

Bahri reports first quarter 2026 results with net profit of SAR 2.15 billion

The National Shipping Company of Saudi Arabia (“Bahri” or the “Company”, 4030 on the Saudi Exchange), the Kingdom’s leading shipping and logistics provider, announced...

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...

Posidonia 2026 conference programme kicks off early with geopolitics dominant in industry agenda

From insurance and risk management to energy transition, digitalisation and maritime security, the Posidonia...

Swedish coast guard seizes suspected false flag tanker in Baltic sea

The Swedish Coast Guard said on Sunday it had seized a tanker in the...

Trump says US operation will aid ships stranded in Strait of Hormuz

President Donald Trump said on Sunday the U.S. would start an effort on Monday...

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...

Stable cargo flows in the Port of Gothenburg despite mixed first-quarter performance

Container handling in the Port of Gothenburg continues to show positive development in terms of loaded cargo volumes. At the same time, the share...

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...