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Diana Shipping: Completion of JV for Acquisition of “DSI Drammen”

Diana Shipping announced that through a limited partnership it signed an investment agreement for the acquisition by a Norwegian entity of a 75% partnership...

Scorpio Tankers announces strong Q1 results

Scorpio Tankers Inc. reported its results for the three months ended March 31, 2023. The Company also announced that its board of directors has declared...

DSME acquisition could be approved by shipbuilder’s board soon – report

The board of Daewoo Shipbuilding & Marine Engineering (DSME) will likely approve the acquisition by five Hanwha companies of the debt-ridden shipbuilder next Monday,...

Intermodal Weekly Market Report [W17]

Over the past few months, we have seen a new trading pattern emerge in the oil trade, both crude and products...

Baltic index falls on lower vessel demand

The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, fell on Tuesday, pressured by lower shipping rates...

Three crew missing after tanker catches fire off Malaysia

Three crew members of a Gabon-registered tanker were missing after the vessel caught fire on Monday in waters off Malaysia’s southern coast, Malaysian maritime...

U.S. LNG exports go full steam ahead, sales to Latin America rise

U.S. producers of liquefied natural gas (LNG) exported at top capacity in April for a second consecutive month, with over two-thirds of shipments bound...

As oil output peaks, US Gulf of Mexico makes room for carbon capture

After nearly a century, oil output in the U.S. Gulf of Mexico is heading towards its peak with new platforms providing a last hurrah...

Toro Corp. announces the en bloc acquisition of four LPG vessels

Toro, an international energy transportation services company, announced that on April 26, 2023, the Company, through four wholly owned subsidiaries, entered into agreements with...

GasLog Partners LP Reports Financial Results for 1Q 2023

GasLog Partners LP (“GasLog Partners” or the “Partnership”) (NYSE: GLOP), an international owner and operator of liquefied natural gas (“LNG”) carriers, reported its financial...

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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...