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P&O Ferries Rejects Government Plea to Rehire Fired Workers

P&O Ferries on Tuesday rejected the British government’s request to rehire 800 workers it fired without notice two weeks ago, saying that doing so...

Maersk Warns Shanghai Lockdown Will Increase Shipping Costs Further

Danish shipper Maersk said the Shanghai lockdown will severely hurt trucking services and increase transport costs, as China’s intensifying efforts to fight the spread...

Maersk Supply Service to construct pioneering WTIV for Equinor and bp

Since 2019, Maersk Supply Service has been developing an innovative concept for the installation of offshore wind turbines, using a new design for a...

Korean shipbuilders bracing for fallout from Russia war

Russia’s invasion of Ukraine, which has added to disruptions caused by the ongoing coronavirus pandemic, has created increasing uncertainty for most industries, with shipbuilding...

Mitsubishi Shipbuilding to Build LNG Bunkering Vessel

Mitsubishi Shipbuilding Co., Ltd., a part of Mitsubishi Heavy Industries, Ltd. (MHI) Group based in Yokohama, has concluded a contract with KEYS Bunkering West...

Baltic index down for fourth session as vessel rates decline

The Baltic Exchange’s dry bulk sea freight index fell for a fourth straight session on Tuesday as rates across vessel segments declined. The overall index,...

Dalian iron ore hovers near 7-month high on China stimulus hopes

Prices of steelmaking ingredients in China climbed on Tuesday on hopes for additional policy support to shore up the world’s second largest economy and...

Scorpio Tankers Announces Agreements to Sell 3 Vessels

Scorpio Tankers announced it has entered into agreements to sell three vessels (two LR2s and one MR). The sale price of the two LR2s (2015...

Maersk, Egypt join forces on green fuel production

Maersk and Egyptian authorities signed a Memorandum of Understanding (MoU) to explore the establishment of large-scale green fuel production in Egypt, in an effort...

US Goods Trade Deficit Narrows But Remains Near-Record

The U.S. trade deficit in goods narrowed in February, but the fall reversed only a fraction of the surge to a record high in...

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Okeanis posts strong profit in 1Q2026

Okeanis Eco Tankers Corp. reported its unaudited condensed financial results for the first quarter of 2026. Financial performance of the First Quarter Ended March 31,...

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...

IMO Maritime Safety Committee convenes in London to discuss safety and security of international...

IMO Secretary-General Arsenio Dominguez opened the 111th session of the Maritime Safety Committee of...

Polish Shipping Association newest member of the International Chamber of Shipping

The International Chamber of Shipping (ICS) is pleased to announce the Polish Shipping Association...

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...

Port of Thessaloniki: Investment in Pier 6 remains on track

According to the management of Thessaloniki Port Authority (ThPA), the expansion project of Pier 6 is progressing as planned and is expected to be...

Israeli port and shipbuilding industry high-level delegation visits Piraeus Port Authority

A high-level meeting focusing on Eastern Mediterranean geopolitical developments and the emerging India–Middle East–Europe Economic Corridor (IMEC) was held at the Port of Piraeus...

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...