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Baltic index edges up on panamax, supramax gains

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, snapped a three-session losing streak on Wednesday, aided by...

China and India Snapping Up Russian Oil Above Western Price Cap

India and China have snapped up the vast majority of Russian oil so far in April at prices above the Western price cap of...

NORDEN partner with 123Carbon to support the decarbonisation of customer supply chains

Together with 123Carbon and its partners, AllChiefs and Verifavia, NORDEN will begin to issue carbon inset tokens through 123Carbon’s newly developed platform to support...

Iron ore hits one-week high on better-than-expected China growth

Dalian and Singapore iron ore futures climbed to one-week highs on Tuesday, as better-than-expected economic growth in China for the March quarter boosted investor...

Gibson Weekly Tanker Market Report [W15]

It has been approximately five months since the imposition of the G7 price cap on Russian crude exports. The G7 has since agreed to...

Baltic index down for third session as larger vessel rates dip

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, fell for a third consecutive session on Tuesday, weighed...

Ukraine Grain is Snarled Again With Blockages on Two Fronts

Ukraine’s crop exports are being threatened again, with Black Sea shipments halting just as some of its European Union neighbors stop allowing imports of...

Major carriers remain on hunt for tonnage to boost market share

Led by MSC and CMA CGM, ocean carriers are again scouring the charter and sales and purchase markets for tonnage to boost capacity and...

Thessaloniki Port revenue up 5.6% in 2022

Thessaloniki Port Authority SA announced an increase in its consolidated revenue to 82.2 million euros last year, including the €1.7 million of revenues of...

CSSC, CMA CGM sign agreement on methanol & LNG powered boxships

China Chamber of Commerce (CSSC) has signed an agreement with CMA CGM to build 16 large containerships. CSSC will build twelve 15,000 teu methanol dual-fuel...

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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...