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ZIM Reports All-Time Record Results in Q2

ZIM Integrated Shipping Services Ltd. (NYSE: ZIM), a global container liner shipping company, announced today its consolidated results for the three and six months...
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SFL: Newbuild order for two additional LNG-fuelled car carriers

SFL Corporation Ltd. announced that it has entered into long term charters with a leading Asia-based transportation company for two ultra-modern dual-fuel car carriers,...
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Dorian LPG Announces Sale of VLGC “Captain Markos NL”

Dorian LPG, a leading owner and operator of modern and ECO very large gas carriers, announced that it entered into an agreement to sell...
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Northern Drilling cancels DSME rig resale

West Aquila Inc., the 100% owned subsidiary of Northern Drilling Ltd, has notified Daewoo Shipbuilding & Marine Engineering Co. Ltd (“DSME”) that it has...
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Baltic index rally gains steam on rising demand across vessels

The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, rose for a sixth straight session on Tuesday,...
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BHP: Mining giant to leave London’s FTSE 100 for Sydney

Mining giant BHP is set to leave the FTSE 100 index after unveiling plans to scrap the dual listing of its shares in London...
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Flex LNG sees Q2 revenue drop; seals charter extension

Flex LNG Ltd. announced its unaudited financial results for the second quarter and six months ended June 30, 2021. Highlights: • Revenues of $65.8 million for...
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Jinhui Posts 275% Rise in Second Quarter Revenues

The Board of Jinhui Shipping and Transportation Limited announced unaudited condensed consolidated results of the Company and its subsidiaries for the quarter and six...
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Chinese ports choke over ‘zero tolerance’ COVID-19 policy

Several Chinese ports are facing congestion as vessels due to call at Ningbo are bing diverted and cargo processing is slowed partly due to...
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Chinese Shipbuilders to see surge in orders this year

China’s shipbuilding sector will enter a high-growth period this year, driven by soaring demand of global maritime trade and many shipping groups’ moves to...
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Navios Partners posts $1.33 billion revenues in 2024

Navios Maritime Partners L.P, an international owner and operator of dry cargo and tanker vessels, reported its financial results for the fourth quarter and...

Scorpio Tankers announces financial results for the fourth quarter of 2024 and the declaration of a dividend

Scorpio Tankers Inc. (NYSE: STNG) ("Scorpio Tankers" or the "Company") today reported its results for the three months and year ended December 31, 2024....

Wallenius Wilhelmsen closes record-year with another solid quarter

The financial result for the full year of 2024 is another record-breaking result for Wallenius Wilhelmsen as it exceeds the 2023 results. Adjusted EBITDA for...

HMM sees 2024 earnings & profits rise

HMM reported revenue of KRW 11,700 billion (US$8 billion), operating profit of KRW 3,513 billion (US$2.42 billion), and net profit of KRW 3,781 billion...

FSL Trust posts $11m net profit in 2024

FSL Trust Management, the trustee manager of First Ship Lease Trust, reported a net profit of $9.3m (US$6.9m) and $11.2m (US$8.3m) for the second...

Baltic index snaps 3-day losing streak as supramax rates climb

The Baltic Exchange’s dry bulk sea freight index, which measures shipping rates for vessels...

Baltic index declines for third day as capesize plunges to 2-year lowBaltic

The Baltic Exchange’s dry bulk sea freight index, which measures shipping rates for vessels...

Baltic index slips on lower capesize, panamax rates

The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying...

Suspected Somali pirates seize boat off Horn of Africa

Suspected Somali pirates have seized a Yemeni fishing boat off the Horn of Africa,...

MPC Capital expands maritime services business with energy efficiency and performance management solutions

The investment and asset manager MPC Capital has acquired a 50% stake in the...

An increasing number of cruise lines choose Piraeus as their homeport

More and more cruise lines are choosing the port of Piraeus as their starting point and homeporting point for their voyages. The benefits of homeporting...

Zululand Energy Terminal signs agreement to operate South Africa’s first LNG Terminal

Zululand Energy Terminal, a joint venture between Vopak Terminal Durban and Transnet Pipelines (TPL), has officially signed the Terminal Operator Agreement (TOA) with Transnet...

Thessaloniki port’s Master Plan gets the green light

The long-awaited presidential decree approving the Master Plan for the port of Thessaloniki was published in the Official Gazette, opening the way for the...

A.P. Moller Capital invests in Spanish ports group

A.P. Moller Capital announced new partnership with Bergé y Compañía to grow BERGÉ into a leading ports infrastructure company in Iberia and Latin America. Founded...

AD Ports, CMA CGM to develop multipurpose terminal in Congo

AD Ports Group, an enabler of integrated trade, transport and logistics, signed a shareholders’ agreement with the CMA CGM Group, a global player in...

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