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Wallenius Wilhelmsen: Signing of shipbuilding contracts and securing four new options

Wallenius Wilhelmsen has signed the shipbuilding contracts for the recently declared options for four 9,300 CEU vessels at China Merchants Jinling Shipyard Co., Ltd....

QatarEnergy, Nakilat Ink Long-Term Agreements to Lease, Operate 25 Gas Tankers

QatarEnergy signed time-charter party (TCP) agreements with Qatar Gas Transport Company Limited (Nakilat) for the operation of 25 conventional-size LNG vessels as part of...

MSC completes agreement for Clasquin

MSC Mediterranean Shipping Company, through its subsidiary SAS Shipping Agencies Services Sàrl, has announced an agreement to acquire a 42.06% stake in Clasquin, a...

Iron ore edges higher on hopes of China’s demand recovery

Iron ore futures edged higher on Monday, supported by hopes of further recovery in demand in top consumer China and Beijing’s pledge to support...

‘Green’ marine fuels could cost less than oil bunkers from 2035: Wartsila

Sustainable marine fuels could become cheaper than conventional, oil-based bunkers from 2035 when greenhouse gas emissions regulations like carbon pricing mechanisms are taken into...

A Global Carbon Tax on Shipping is Coming, Says ABS Chairman and CEO

A universal, global carbon tax on shipping is coming, as alternative blue fuels made with carbon capture emerge as a critical step in the...

Baltic index slips to three-week low on weaker capesize, panamax rates

The Baltic Exchange’s main sea freight index fell to over a three-week low on Monday, weighed down by weakness in the capesize and panamax...

Navios orders tanker pair at Zhoushan Changhong Shipyard

Zhoushan Changhong International Shipyard announced an order for two 115,000 tonnes-class LR2 tankers from Navios Maritime Holdings. No price or delivery details were revealed. Jointly...

Yemen’s Houthis Tell China, Russia Their Ships Won’t Be Targeted

The Yemen-based Houthis have told China and Russia their ships can sail through the Red Sea and Gulf of Aden without being attacked, according...

BIMCO: Red Sea attacks temporarily increase demand for ships

BIMCO released its latest Container Shipping Market Overview & Outlook: Supply/demand balance Cargo volumes are expected to grow more slowly than the fleet, at 3-4%...

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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...

Costamare orders 16 containerships in China; posts USD 75 mln net income in Q1

Costamare Inc. reported unaudited financial results for the first quarter ended March 31, 2026 (“Q1 2026”).

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...

Seafarer shares first-hand account with IMO about being stranded in the Persian Gulf

IMO Secretary-General Arsenio Dominguez has called on all Member States to support efforts to...

Columbia Group names Andreas Hadjipetrou new CEO

Columbia Group has appointed Andreas Hadjipetrou as its new Chief Executive Officer, with Demetris...

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...

High-level meeting on European strategies for the maritime industry and ports

A high-level meeting on the implementation of the European Maritime Industrial Strategy and the European Ports Strategy will be hosted in Athens on April...