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Capital Product Partners exits dry bulk sector

Capital Product Partners L.P., an international owner of ocean-going vessels, released its financial results for the second quarter ended June 30, 2023. Highlights  Three-month periods ended...

Pope urges Russian ‘brothers’ to restore Black Sea grain deal

Pope Francis on Sunday called on Russia to reverse its decision to abandon the Black Sea grain deal, under which it had allowed Ukraine...

Canada Dockworkers Renew Strike Threat With Rejection Of Contract

Dockworkers on Canada’s west coast raised the possibility of a renewed labor disruption at the country’s busiest port after turning down a proposed contract. Members...

S.Korea’s shipbuilders near $9.4 bln in LNG carrier orders from Qatar

South Korea’s top three shipbuilders — HD Hyundai Heavy Industries Co., Hanwha Ocean Co. and Samsung Heavy Industries — as early as September will...

Dirty tanker trade dynamics shift as market heads into summer doldrums

Freight markets for tankers carrying crude and dirty products out of the Americas face mixed fundamentals heading into the traditionally weaker summer months, as...

Safe Bulkers on profitable eco course

Safe Bulkers’ profits remain at high levels in the first half of 2023, despite the fact that the freight market has been under pressure...

Performance Shipping sees major increase in second quarter profits

Performance Shipping reported record net income of $18.4 million and net income attributable to common stockholders of $17.9 million for the second quarter of...

Keppel enjoys ‘transformational & productive’ first half

Keppel Corporation Limited (Keppel) reported a net profit of over S$3.6 billion for the half year ended 30 June 2023, the highest profit on...

HD Hyundai builds stable profit momentum

HD Hyundai, the world’s largest shipbuilder and heavy industries conglomerate, released its 2023 Q2 financial results. HD Hyundai reported a revenue of 15.6213 trillion won...

HHLA adjusts financial year forecast

Based on preliminary figures for the first six months, Hamburger Hafen und Logistik AG (HHLA) is adjusting its forecast for the current financial year. The...

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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...