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US coal exports on the mend despite mixed long-term outlook

The amount of coal shipped from U.S. shores rose during the second quarter, buoyed by robust demand from international markets, particularly in Asia. Exports...
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FSL Trust Announces Oil/Chemical Tanker Acquisition & Long-term Bareboat Charter

FSL Trust announced that a wholly owned subsidiary of the Trust has entered into definitive agreements to (a) purchase the vessel Anuket Amber (tbr...
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Oil prices hammered by surge in coronavirus cases – report

Oil prices have finally buckled after coronavirus cases surged in all the major oil-consuming regions, pushing back the anticipated easing of quarantines and resumption...
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DP World reports strong 1H2021 financial results

DP World Limited has announced strong financial results for the six months to 30 June 2021 with EBITDA growing 18.2% year-on-year.  Results Highlights Revenue of...
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Grindrod Shipping delivers strong results

Grindrod Shipping, a global provider of maritime transportation services predominantly in the drybulk sector, announced its earnings results for the three months ended March...
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Lars Barstad confirmed as Frontline CEO

The Board of Frontline announced the appointment of Mr. Lars H. Barstad as the Chief Executive Officer of Frontline Management AS with effect from...
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Maersk Drilling secures nine-month contract to reactivate Mærsk Innovator

Maersk Drilling has been awarded a contract with Harbour Energy for the jack-up rig Mærsk Innovator to drill three subsea development wells in Block...
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Baltic index extends rally as capesize rates scale over 3-month peak

The Baltic Exchange’s main sea freight index jumped to its highest in more than a decade, powered by strong demand across vessels ferrying dry...
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Maersk Signs First Green Methanol Supply Deal in Step Towards Net Zero Emissions

A.P. Moller-Maersk said it had signed a contract securing green methanol as the world’s largest shipping firm gears up to operate its first carbon-neutral...
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Port of New Orleans Inks MOU to Explore LNG Bunkering

Port of New Orleans (Port NOLA) and CLEANCOR Energy Solutions LLC (CLEANCOR), a subsidiary of SEACOR Holdings Inc. (SEACOR), signed a memorandum of understanding...
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Evergreen Marine reports record revenue in 2024

Evergreen Marine Corporation announced its financial results for the full year ended December 31, 2024. The company reported sales of TWD 463,567.9 million, up from...

United Maritime achieves “significant progress” in 2024

United Maritime Corporation, announced its financial results for the fourth quarter and twelve months ended December 31, 2024. The Company also declared a quarterly...

Pyxis takes “optimistic view, with challenges ahead”

Pyxis Tankers, an international shipping company, today announced unaudited results for the three months and year ended December 31, 2024. For the three months ended...

DP WORLD reports record revenue of $20.0 billion and EBITDA of $5.5 billion

DP World Limited has announced financial results for the year ended 31 December 2024. On a reported basis, revenue grew by 9.7% to $20.0...

Gulf Navigation gets green light to buyout Brooge Energy assets

The Dubai shipping firm Gulf Navigation has ticked off one major milestone in its ongoing turnaround by getting shareholder approval to take over the...

IMO to develop global strategy for maritime digitalization

The International Maritime Organization (IMO) is taking action to create a comprehensive strategy that...

MOL charters two more VLEC newbuilds to SCG

Mitsui O.S.K. Lines announced that on March 17, its group Company MOL Energia Pte....

Baltic Index down on lower capesize rates

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

Celestyal marks 10-year anniversary with exclusive two-for-one offer

· Celestyal marked 10-year anniversary on March 13, 2025 · Two-for-one offer available on 88...

ICS and CMI launch updated campaign Promoting Maritime Treaty Ratification

The International Chamber of Shipping and the Comité Maritime International launch an updated campaign...

Greek ports record 5.6% passenger traffic increase in Q3

The total passenger traffic in Greek ports increased by 5.6% in the third quarter of 2024 compared to the third quarter of 2023, while...

DP World and Maersk sign long-term agreement to expand maritime services in Brazil

DP World, a global leader in logistics and supply chain solutions, has signed a long-term strategic agreement with Maersk, one of the world’s leading...

China ramps up criticism of BlackRock Ports deal

Chinese authorities increased pressure on CK Hutchison Holdings over its plan to sell its Panama ports stake by sharing a second newspaper commentary attacking...

Trade rises at Port of Long Beach in February

Trade moving through the Port of Long Beach rose for a ninth consecutive month in February as retailers continued to move goods ahead of...

Hanseatic Global Terminals acquires majority stake in terminal operator in Le Havre

Hanseatic Global Terminals successfully completed the acquisition of 60% of the shares in CNMP LH from Seafrigo Group. CNMP LH operates the Atlantique container...

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