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China, Greece explore potential to boost cooperation on shipping, trade

Chinese and Greek officials and business representatives explored ways of boosting bilateral cooperation on shipping and trade during an investment event held at Piraeus...

Baltic index ticks up as higher capesize rates offset dip in smaller vessels

The Baltic Exchange’s main sea freight index edged up on Wednesday as higher rates for capesizes outweighed declines in smaller vessel segments. The overall index,...

OLP revenue up 8% in first quarter

Piraeus Port Authority (OLP) reported an 8% increase in its first-quarter revenue to 43.92 million euros, from €40.68 million in the same period last...

Maersk Tankers starts offering voyage management services

Maersk Tankers is expanding its services to shipowners with a new voyage management service. Building on the company’s expertise in commercial vessel operations and...

EU Bid to Swap Russia Gas for Offshore Wind Falling Short

European efforts to rapidly scale-up offshore wind farms to help cut dependence on Russian natural gas and reduce planet-warming emissions are falling short as...

Ukrainian grain flows ease amid safe passage uncertainty

With the contested extension deadline for the Black Sea Grains Initiative approaching fast, and with little guidance as to what might follow after May...

Intermodal Weekly Market Report [W16]

With a robust US growth of 5.5%, bringing volumes to 18.8 million bpd this year, it is predicted that global oil output would increase...

Baltic index slips on weak capesize, panamax demand

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, snapped a four-session winning streak on Tuesday, pressured by...

7th Posidonia Sea Tourism Forum Brings Cruise Industry Leaders Together for first cruise event ever in Thessaloniki

Over 400 delegates from the global cruise industry gathered at Thessaloniki's iconic Makedonia Palace hotel for the 7th Posidonia Sea Tourism Forum, which is...

HMM, LOTTE agreement on marine transportation of ammonia

HMM and Lotte Fine Chemical have formed a partnership to transport and supply next-generation environmentally friendly fuel, ammonia, via sea transport. The two companies recently...

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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...