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OceanPal Regains Compliance With NASDAQ Minimum Bid Price Requirement

OceanPal, a global shipping company specializing in the ownership of vessels, announced that on June 23, 2023, the Company received notification from the Nasdaq...

Scorpio Tankers: $1 Billion Financing for Fleet Expansion

Scorpio Tankers announced that it has received commitments from a group of financial institutions for a previously announced $1.0 billion term loan and revolving...

Performance Shipping: Time Charter Contract With ST Shipping for LR2 Tanker

Performance Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with ST Shipping & Transport Pte Ltd.,...

UN agencies warn of impact if Black Sea grain deal ends

An end to the Black Sea grains deal would hit the Horn of Africa hard, aid officials said on Monday, warning that another hike...

Intermodal Weekly Market Report [W25]

Anticipations are high that the current downward momentum in the market will be reversed by the recovery of Chinese demand, however, when we examine...

Baltic index extends losses as demand for larger vessels wanes

The Baltic Exchange’s main sea freight index recorded its biggest daily percentage decline in nearly a month on Tuesday as demand for larger vessels...

Carnival Reports 2Q2023 Earnings; Sets Sights On 2026 Sea Change Program

Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) reports second quarter 2023 earnings and sets sights on 2026 SEA Change Program. U.S. GAAP net loss...

Danaos Delivers Letter to Eagle Bulk Board of Directors

Danaos, one of the world’s largest independent owners of containerships and the largest shareholder of Eagle Bulk with ownership of approximately 16.7% of the...

Maersk orders six methanol powered vessels

A.P. Moller – Maersk (Maersk) has made an order of six mid-sized container vessels – all having dual-fuel engines able to operate on green1...

China’s shipbuilding industry sees vessel orders surge

China’s shipbuilding industry saw new vessel orders surge 49.5 percent year-on-year in the first five months of 2023, official data showed. New orders, a major...

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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...