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Maersk’s divestment of MCI discontinued

Maersk and China International Marine Containers (CIMC) announced the termination of the previously announced transaction whereby CIMC would acquire Maersk Container Industry (MCI), a...

Baltic Dry Index Falls Sharply as Capesize Rates Plunge 30%

The Baltic Exchange’s main sea freight index registered its worst fall in three months on Thursday, weighed down by lower demand for coal and iron...

Britain’s Christmas Is Already Under Threat…

Strikes at Britain’s biggest container port this week have already caused major disruption to trade and are threatening retailers’ busiest season of the year,...

Iran Aiming to Fill Void in Europe’s Oil Market Left By Russia

Iran is aiming to fill the void left behind by Russia in the European oil market if the Middle Eastern country can secure a...

Frontline’s fleet of LR2 tankers takes center stage in Q2

Frontline reported unaudited results for the three and six months ended June 30, 2022: Highlights • Net income of $47.1 million, or $0.23 per basic and...

ABS: Methanol a Promising Option for the Global Fleet

Methanol represents a promising fuel source for the global fleet, with practical benefits related to ease of storage and handling, tank to wake carbon...

Russian oil imports to the UK dry up for first time on record

Lofty global LNG prices and limited supplies threaten to derail India’s regasification capacity plans, with existing regas levels running low and some of the...

StealthGas posts highest profit in a decade

STEALTHGAS, a ship-owning company serving the liquefied petroleum gas (LPG) sector of the international shipping industry, announced its unaudited financial and operating results for...

Flex LNG announces solid second quarter results

Flex LNG published its financial results presentation for the 2nd quarter of 2022...

US set to ship record crude into 2023 as energy crisis deepens

US crude sales overseas are set to hit fresh records through next year as American oil increasingly takes market share in Europe. Earlier this month,...

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Norwegian Cruise Line Holdings Reports Second Quarter 2026 Financial Results

Norwegian Cruise Line Holdings reported financial results for the second quarter ended June 30, 2026 and provided guidance for the third quarter and full...

United Maritime reports Q2 and H1 2026 results – Strategic fleet repositioning into Capesize Vessels

United Maritime Corporatio, announced its financial results for the second quarter and six months ended June 30, 2026. The Company also declared a quarterly...

Seanergy Maritime reports second quarter and first-half 2026 financial results

Seanergy Maritime Holdings Corp., a leading pure-play Capesize owner and operator, reported its financial results for the second quarter and six months ended June...

Diana Shipping reports Q2 & H1 2026 results and declares cash dividend of $0.01 per common share for the Q2

Diana Shipping Inc., a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, reported net income of $20.8 million...

Bahri reports record net profit of SAR 2.75 billion for Q2 2026

The National Shipping Company of Saudi Arabia (Bahri), the Kingdom’s leading shipping and logistics company, announced its financial results for the second quarter and...

Yemen’s Houthis Deny Plans To Impose Fees On Ships Sailing Through Red Sea

Yemen’s Houthi-run maritime coordination body denied on Saturday that it planned to impose fees...

EU Forces Board Sanctioned Russian ‘Shadow Fleet’ Tanker

An EU naval mission led by Italy boarded a tanker from Russia’s so-called “shadow...

Two Tankers With Saudi Oil Exit Red Sea Over Weekend

Two tankers laden with Saudi oil crossed the Bab el-Mandeb strait over the weekend,...

Teekay Corporation second quarter 2026 update

Teekay Corporation Ltd. provided an update for the three months ended June 30, 2026,...

WALLENIUS SOL acquires vessels from Royal Wagenborg and signs long-term CoA with Smurfit Westrock

WALLENIUS SOL has announced the acquisition of two RoRo vessels from Royal Wagenborg, Bothniaborg...

Piraeus container traffic remains resilient despite Red Sea shipping disruptions

Container traffic at the Port of Piraeus remained resilient in the first half of 2026 despite mounting disruption to global shipping caused by the...

Port of Long Beach, MARAD agree to test nuclear-powered vessels

The U.S. Department of Transportation’s Maritime Administration (MARAD) today joined leaders from California’s Port of Long Beach to celebrate a new partnership focused on...

PPA S.A. receives double distinction at the “Protagonists of the Greek Economy 2026” Awards

Piraeus Port Authority received two prestigious distinctions at the “Protagonists of the Greek Economy 2026” Awards, reaffirming its leading role in the Greek economy...

Port of Antwerp-Bruges stands firm in a challenging first half of 2026

Cargo handling declined by 2.4%, the market share of containers remained stable, and investments are bolstering the future. In the first half of 2026, Port...

PPA S.A. publishes 2025 sustainability report

PPA S.A. continues to invest systematically in the sustainable development and modernization of the Port of Piraeus by integrating Environmental, Social and Governance (ESG)...