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Baltic index gains on strong capesize demand

The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, rose on Wednesday on the back of higher...

MOL announces consolidation of equity-method affiliate company Gearbulk

Mitsui O.S.K. Lines announced that it has decided to undertake a business reorganization of its equity-method affiliate company, Gearbulk Holding AG (Gearbulk; President: Kristian...

Carnival Corp raises profit forecast again on steady cruise demand

Carnival Corp raised its annual profit forecast on Tuesday for the second time this year, banking on higher prices for its itineraries and sustained...

Russia’s Sovcomflot says western sanctions are undermining safety at sea

Sanctions on shipping companies are undermining safety at sea and pose dangers for trade as ship standards are impacted, the chief executive of sanctioned...

Russia’s July western port oil loadings to fall 23% m/m, sources say

Russia in July will cut oil exports via its western ports to 1.5 million barrels per day (bpd), down almost 500,000 bpd from June,...

Celestyal to increase capacity by 30% and expand in the Arabian Gulf with a second ship from 2025

Celestyal to increase capacity on sale by 30% versus last year, including new Iconic Arabia cruises, plus 21 Adriatic cruises across 2025 and 2026. Both...

Iron ore pares losses on resilient near-term demand, stimulus hopes

Iron ore futures prices pared losses on Tuesday, helped by demand forthe key steelmaking ingredient and renewed stimulus hopes in top consumer China. The most-traded...

Baltic index hits two-week low as larger vessel rates dip

The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, fell to its lowest level in two weeks...

Capital Offshore linked to major PSV order

Capital Offshore has reportedly placed an order for four firm diesel-electric, DP2, 94.7-metre-long PSVs, which will be classed by Lloyd’s Register. In addition to the...

Missile attack confirmed in Arabian sea

A merchant vessel in the Arabian Sea reported an explosion in close proximity to it on Monday, the United Kingdom Maritime Trade Operations (UKMTO)...

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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...

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...

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...

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

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

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...