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Dalian iron ore plunges by 11% limit on China demand worries

Dalian iron ore futures slumped by their 11% limit on Monday, while those in Singapore dropped as much as 8%, as fears grew about...

FSL Trust completes disposal of one crude oil tanker

The Board of Directors of FSL Trust Management Pte. Ltd., as trustee-manager of First Ship Lease Trust, refers to its announcement dated 1 June...

Baltic index gains on higher rates for all vessels

The Baltic Exchange’s main sea freight index gained to its highest in nearly three weeks on Monday, helped by an uptick in capesize and...

Seanergy announces intention to spin off its oldest capesize

Seanergy Maritime Holdings Corp. announced that it intends to effect a spin-off of the Company’s oldest Capesize vessel, the M/V Gloriuship, through a wholly-owned...

Global Ship Lease buys back remaining notes maturing in 2024

Global Ship Lease, Inc. announced that its indirect wholly-owned subsidiary, Knausen Holding LLC, has closed its previously announced offering of $350 million aggregate principal...

DP World, Saudi Ports Authority In Major New Partnership for Jeddah Logistics Park

DP World and the Saudi Ports Authority (Mawani) announced the signing of a 30-year agreement with an investment value of more than SAR 500...

EU Seeks To Release Ukrainian Grain Stuck Due To Russia’s Sea Blockade

European Union foreign ministers will discuss ways to free millions of tonnes of grain stuck in Ukraine due to Russia’s Black Sea port blockade...

Sovcomflot Fleet Fully Covered By Russian Insurers

Russia’s state-run Sovcomflot has insured all its cargo ships with Russian insurers and the cover meets international rules, the chief executive said, after Western...

Korean shipyards’ profitability to improve on higher LNG tanker contract prices

South Korean shipyards grappling with intensifying industry competition, surging material prices and labor costs are expected to breathe easily with rising LNG tanker orders...

Asia clean tanker rates sail to record high

Clean tanker rates across Asia-Pacific reached multiyear highs June 16, and a record for some routes, as strong demand to lift naphtha cargoes from...

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NORDEN reports net profit of USD 11 million (DKK 72 million) in Q1 2026

The net profit for the Group amounted to USD 11 million (DKK 72 million) in Q1 2026, driven by strong Tanker performance but offset...

Teekay Tankers reports 1Q2026 results; and declares dividends

Teekay Tankers reported the Company's results for the three months ended March 31, 2026 and announced that its Board of Directors has declared its...

Costamare Bulkers: Q1 adjusted net income comes in at USD 12.4 mln

Costamare Bulkers Holdings Limited reported unaudited financial results for the first quarter ended March 31, 2026 (“Q1 2026”). Financial Highlights1 and Operational Updates 1. PROFITABILITY -...

TORM plc Q1 2026 results, dividend distribution, and financial outlook 2026

Financial Results In the first quarter of 2026, TORM generated time charter equivalent earnings (TCE) of USD 286m (2025, same period: USD 214m). EBITDA for...

Robin Energy Ltd. reports results for the three months ended March 31, 2026

Robin Energy Ltd., an international ship-owning company providing energy transportation services globally, announced its results for the three months ended March 31, 2026.Highlights of...

Celestyal becomes the first cruise company in Greece to receive SETE’s METRON sustainable tourism...

With an exceptionally high overall ESG score of 93.33% and strong performance across the...

Melina Travlou on Posidonia 2026: Shipping as a force of stability and cohesion

“In an era of geopolitical realignments, uncertainty and multiple crises, shipping remains a force...

UK to contribute drones, jets and warship to Multinational Mission to secure the Strait...

Defence Secretary announced UK contribution to Strait of Hormuz mission at virtual summit of...

Maersk keeps Hormuz transits suspended

We are closely monitoring the evolving situation in the Middle East and would like...

Trump Says Iran Ceasefire on ‘Life Support’ as Hormuz Crisis Deepens

President Donald Trump said on Monday that a ceasefire with Iran was “on life...

APM Terminals Japan signs agreement to decarbonise operations in Yokohama

APM Terminals Japan, a Maersk Group company, has signed a long term offsite corporate Power Purchase Agreement with FPS Inc., sourcing renewable electricity to...

Piraeus Port Authority shows strong resilience despite geopolitical tension

Piraeus Port Authority announced that despite volatility in global logistics driven by geopolitical tensions in the Middle East, the company demonstrated significant resilience, maintaining...

AD Ports Group, CMA Terminals Khalifa Port, and CMA CGM Group sign MoU to extend inland reach across the UAE and wider region

AD Ports Group, a leading global enabler of integrated trade, industry and logistics solutions, today signed a Memorandum of Understanding (MoU) with CMA Terminals...

Stable cargo flows in the Port of Gothenburg despite mixed first-quarter performance

Container handling in the Port of Gothenburg continues to show positive development in terms of loaded cargo volumes. At the same time, the share...

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...