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MSC collaborates with Chinese Research Institute to promote decarbonisation

MSC Mediterranean Shipping Company (MSC) has signed a Memorandum of Understanding (MoU) with the China Waterborne Transport Research Institute to jointly promote decarbonisation and...

Gibson Weekly Tanker Market Report [W40]

US crude production has averaged this summer some 600,000 bpd above the level seen in summer 2020...

VLCC Activity Scales Back Due to Holidays in the Far East

VLCC: The Far Eastern holidays meant that activity eased back this week, although there were a few reported fixtures in the Middle East and...

Iron ore prices remain under pressure from Chinese demand shock

Asian iron ore prices are set to continue to face downward pressure from Chinese steel output curbs and power shortages in the fourth quarter...

Capesize strength steers Baltic index to 13-year peak

The Baltic Exchange’s main dry bulk sea freight index extended its rally to a fresh 13-year peak on Thursday, as solid demand powered capesizes...

Castor Maritime Announces New Charter Agreements

Castor Maritime, a diversified global shipping company, announcesthat: The M/V Magic Orion, a 2006 built Capesize dry bulk carrier, has been fixed on a time...

TEN: Half-year revenues of $275 million despite challenging market

TEN reported results (unaudited) for the six months and second quarter ended June 30, 2021. SIX MONTHS 2021 SUMMARY RESULTS During the first half of...

Safe Bulkers Announces 3 Year Period Time Charter for Capesize

Safe Bulkers announced that it has entered into a new long-term period time charter for its 2014-built Japanese Capesize class vessel MV Lake Despina,...

Souring iron ore outlook set to persist into 2022

The outlook for iron ore prices has soured as China slashed steel production, one of its largest property developers fears and the country advanced...

Hyundai LNG Shipping tender wooing more candidates via auction

The tender for Hyundai LNG Shipping Co. is gaining heat after the leading LNG tanker operator recently bagged the largest-ever order in history of...

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Genco Shipping & Trading to review Diana Shipping’s unsolicited tender offer

Genco Shipping & Trading Limited, the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, confirmed that Diana Shipping, Inc. has...

Diana Shipping launches tender offer to acquire all outstanding shares of Genco Shipping & trading for $23.50 per share in cash

Diana Shipping Inc., a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels that owns approximately 14.8% of the...

Bahri reports first quarter 2026 results with net profit of SAR 2.15 billion

The National Shipping Company of Saudi Arabia (“Bahri” or the “Company”, 4030 on the Saudi Exchange), the Kingdom’s leading shipping and logistics provider, announced...

Subsea 7 S.A. announces first quarter 2026 results

Subsea 7 S.A announced results of Subsea7 Group (the Group, Subsea7) for the first quarter which ended 31 March 2026.  Highlights   • First quarter Adjusted EBITDA...

Pacific International lines delivers resilient earnings in FY2025

PIL Pte Ltd announced its financial results for the fiscal year ended 31 December 2025. The Group delivered net profit after tax of US$1.04...

Posidonia 2026 conference programme kicks off early with geopolitics dominant in industry agenda

From insurance and risk management to energy transition, digitalisation and maritime security, the Posidonia...

Swedish coast guard seizes suspected false flag tanker in Baltic sea

The Swedish Coast Guard said on Sunday it had seized a tanker in the...

Trump says US operation will aid ships stranded in Strait of Hormuz

President Donald Trump said on Sunday the U.S. would start an effort on Monday...

Celestyal launches one-day flash sale with fares from 179€

Celestyal has announced a one-day-only flash sale, offering limited-time fares across a selection of...

Tamara de Gruyter, President, Wärtsilä Energy Storage and Executive Vice President to continue her...

Tamara de Gruyter, President, Wärtsilä Energy Storage and Executive Vice President, and a member...

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...

Piraeus Port is resilient – Record performance and investments of 1.4 billion euros

The resilience and growth prospects of the Port of Piraeus, despite heightened geopolitical turbulence affecting shipping and transport, were highlighted by the Deputy CEO...

Panama Canal says $1 million-plus auction slots reflect temporary surge in demand

The Panama Canal Authority said on Thursday that some ships had recently paid more than $1 million for crossing slots at auction, but ​said...

Throughput in the port of Rotterdam remains stable, with a slight decline of 0.7%

Throughput at the port of Rotterdam fell slightly by 0.7% in the first quarter of 2026 compared with the same period last year. Throughput...