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DSME posts larger than anticipated Q1 net loss

Daewoo Shipbuilding & Marine Engineering (DSME) reported a net loss of 120.4 billion won ($90 million) in the first quarter, larger than anticipated. The figure...

SFL Reports First Quarter Net Profit of $6.3 Million

SFL Corporation announced its preliminary financial results for the quarter ended March 31, 2023. Highlights 77th consecutive quarterly dividend declared, increased to $0.24 per shareNet profit...

Iron ore gains on improved China steel demand, stimulus hopes

Dalian and Singapore iron ore futures rose on Monday, with investor sentiment buoyed by signs of improvement in downstream demand and expectations of a...

Baltic dry bulk index slips to near 3-week trough

The Baltic Exchange’s main sea freight index fell to its lowest in nearly three weeks on Monday, on weaker demand across all vessel segments. The...

Noble wins new contracts for 7th generation drillships

Noble Corporation has won contracts with Shell and Petrobras, respectively, for two of its 7th-generation drillships. Shell has contracted Noble Voyager to drill a deepwater...

GasLog: Charter deals for two LNG carriers

GasLog has struck new time charter agreements for two of its TFDE LNG carriers. The agreements were signed during the first quarter of 2023. One of...

d’Amico Posts Strong Q1 Consolidated Results

The Board of Directors of d’Amico International Shipping S.A., a leading international marine transportation company operating in the product tanker market, examined and approved...

HMM joins takeover bid to buy Hyundai LNG Shipping

HMM, South Korea’s largest LNG shipping firm, will join a bid to acquire a 100 percent stake in Hyundai LNG Shipping after selling the...

Okeanis Reports First Quarter TCE of $88.4 Million

Okeanis Eco Tankers Corp. reported unaudited interim condensed results for the first quarter and three-month period ended March 31, 2023. Q1 2023 Highlights: Time charter equivalent...

Scorpio Tankers Adding to Owned Fleet

Scorpio Tankers has exercised purchase options on five additional ships as the company continues to reduce its debt. The company has also announced the repurchase...

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2020 Bulkers – Contemplated private placement

Reference is made to the stock exchange announcement made by 2020 Bulkers Ltd on 16 September 2026, where the Company announced a letter of...

MSC said in talks to buy German state-held Meyer Werft stake

MSC Mediterranean Shipping Co. is in talks to acquire the roughly 80% stake in German cruise-ship builder Meyer Werft GmbH held by the federal...

Greek shipping industry turns to Euronext Athens

The Greek shipping community is turning its attention to Euronext Athens. Safe Bulkers, owned by Polys V. Hajioannou, made the first move. The company pursued...

TOP Ships announces net income of $6.5 million, diluted earnings per share of $0.61 and stockholders’ equity of $76.7 million for the six months...

TOP Ships Inc., an international owner and operator of modern, fuel-efficient “ECO” tanker vessels, announced its financial results for the six months ended June...

TORM announces secondary public offering of its class A common shares by a selling shareholder

TORM plc announced the commencement of a secondary public offering of 9,000,000 of the Company’s Class A common shares by OCM Njord Holdings S.à...

PIL announces planned leadership succession: Wan Chee Foong appointed Deputy CEO, to succeed Lars...

The Board of Directors of Pacific International Lines (PIL) announced the appointment of Mr...

ABS and lomarlabs team up to accelerate early-stage, innovative solutions for global shipping

ABS and lomarlabs have signed a Master Research Collaboration Agreement (MRCA) to explore innovative...

Celestyal launches 190 new winter Mediterranean shore excursions

Celestyal has unveiled its shore excursion programme for its new winter Eastern and Western...

Vessels trickle through Strait of Hormuz as Middle East conflict persists

A total of 17 commodity vessels transited the Strait of Hormuz on the weekend,...

Greek shipping a key pillar of economy, citizens’ daily lives, minister says

The importance of Greek shipping to the economy and citizens’ everyday lives was highlighted...

Piraeus container traffic soars 18% in August

Container throughput at the port of Piraeus remained strong in August, with a significant improvement recorded at Terminals II and III as the global...

Port of Los Angeles posts best three-month cargo stretch in its history

Port of Los Angeles waterfront workers processed  955,907 Twenty-Foot Equivalent Units (TEUs) in August, capping the busiest three consecutive months in Port history. More...

ATI and DP World commission six new hybrid cranes at manila South Harbour

Strategic partners DP World and Asian Terminals Inc. (ATI) have commissioned six state-of-the-art hybrid Rubber-Tyred Gantry (RTG) cranes at Manila South Harbour (MSH), strengthening...

PCT S.A.: New customs licence for cargo arriving by rail

A step towards enhancing the operational efficiency of the Piraeus Container Terminal is the granting of an Authorised Consignee licence to PCT S.A. by...

ZIM: Updated freight rates from Mediterranean & Black Sea ports

Updated Freight Rates from all Mediterranean ports & Black Sea ports to all USEC & Gulf, Puerto Rico, Canada, Mexico, Caribbean & South America...