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Containers: Spot rates in China to hit five figures

There were further double-digit increases in container spot freight rates this week, after a series of general rate increases and other surcharges came into...

China takes orders for 54 ships vs. Korea’s 2 in May

The Korean shipbuilding industry’s share of global shipbuilding orders plummeted to less than 10 percent in May. This was blamed on a decline in...

Russian tanker group Sovcomflot expects sanctions to cut 2024 revenues

Russia’s leading tanker group Sovcomflot said western sanctions and changing market conditions may cut its revenues this year, a rare admission from a major...

IMO presents pathway to net-zero shipping at Bonn climate talks

The International Maritime Organization (IMO) has outlined its latest progress and plans to decarbonize global shipping by or around 2050, in a submission to...

Posidonia 2024 sees flury of new business deals as shipping industry makes statement of intent in a boost for global trade and economic growth

The 28th edition of the biennial Posidonia Exhibition came to an end today proving once again that it is the most sought-after event to...

Alternative fuels and seafarer upskilling dominate discussions at greener Shipping Summit 2024

Alternative fuels and seafarer upskilling took centre stage at the ‘Greener Shipping Summit 2024’ held at Posidonia 2024 this week. Under the theme ‘New...

Dorian LPG announces pricing of public offering of 2,000,000 common shares

Dorian LPG announced that it has priced its previously announced underwritten public offering of 2,000,000 shares of common stock, par value $0.01 per share,...

Safety dangers from sanctioned tanker fleet growing

Safety dangers are growing from ageing and unregulated vessels, leading ship management firm V.Group told Reuters, adding it had stopped providing services to 30...

Bullish potential for crude tankers amid revised OPEC+ cuts

Crude tanker freight rates could garner support from non-OPEC+ production through the summer and later from the announced easing of OPEC+ cuts, following the...

Iron ore rebounds on restocking ahead of China holiday, talks of steel cut

Iron ore futures prices rebounded on Thursday after falling for five straight sessions, with sentiment lifted by some portside restocking ahead of a holiday...

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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...