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Greece’s new Shipping Minister meets with Union of Shipowners

Greece’s Minister of Shipping and Island Policy, Miltiadis Varvitsiotis, met with the Board of Directors of the Union of Greek Shipowners this week. In the...

Russian grain exports may slip from record-high 2022/23 – lobby group

Russia may export at least 55 million tonnes of grain in the 2023/24 marketing season, slightly less than the estimated record-breaking 57 million tonnes...

NYK Joins Singapore-Based Maritime Decarbonization Initiative

The Global Centre for Maritime Decarbonisation (GCMD) and Nippon Yusen Kabushiki Kaisha (NYK) announced the signing of a five-year Strategic Partnership agreement. NYK becomes the...

UK to tighten emissions trading scheme from 2024

The UK emissions trading scheme (ETS) will be reformed next year to tighten limits on carbon dioxide pollution and expanded in 2026 to include...

HD KSOE bags $2.3 bn in vessel orders

South Korea’s biggest shipbuilder HD Korea Shipbuilding & Offshore Engineering Co. (HD KSOE) has recently bagged over 3 trillion won ($2.3 billion) in orders,...

Intermodal Weekly Market Report [W26]

The assessment of the upcoming trade grain activity for the second half of 2023 reflects a nuanced sentiment, with a combination of favorable and...

Baltic index hits multi-week low on retreat for larger vessels

The Baltic Exchange’s main sea freight index on Tuesday fell to its lowest level in nearly four weeks, pressured by a dip in the...

Celestyal Appoints Anna Gregori To New Position Of Vice President Brand & Customer Journey

Celestyal, the award-winning, number one choice for travellers to the Greek Islands and the Eastern Mediterranean, continues to invest in - and expand -...

Oil Giants Drill Deep as Profits Trump Climate Concerns

Oil and gas companies have intensified the hunt for new deposits in a long-term bet on demand, as they reinvest some of the record...

Maersk Unleashes Huge Asia-North Europe Rate Hike – report  

Maersk is attempting to undo weeks of heavy discounting on the Asia-North Europe tradelane with a substantial increase in its FAK rates at 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...