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Navios Holdings posts ‘excellent results’ for the fourth quarter and full year of 2021

Navios Holdings, a global seaborne shipping and logistics company, reported financial results for the fourth quarter and year ended December 31, 2021. Highlights Net Income $31.8 million...

Teekay Corp: Improved adjusted results in fourth quarter of 2021

Teekay Corporation reported results for the fourth quarter and year ended December 31, 2021. CEO Commentary “Our adjusted results in the fourth quarter of 2021...

Gazprom says gas shipments to Europe continue after Ukraine invasion

Russian gas exporter Gazprom said Feb. 24 that its shipments of Russian gas via Ukraine to Europe are continuing as normal, hours after officials...

Baltic index snaps 4-day winning streak as larger vessel rates fall

The Baltic Exchange’s dry bulk sea freight index snapped a four-session winning streak on Thursday, weighed down by lower rates for capesize and panamax...

Ukrainian Port City of Mariupol Comes Under Fire

A residential area of Mariupol in southeastern Ukraine was hit by shelling on Thursday as residents worried that Russian forces will try to take...

Top Ships agrees charter deals for three vessels

Top Ships has reportedly agreed a charter deal for its vessels Eco Bel Air and Eco Beverly Hills to an undisclosed oil trader for...

Euroseas Announces New Charter For M/V “Aegean Express”

Euroseas, an owner and operator of container vessels and provider of seaborne transportation for containerized cargoes, announced a new charter of its container vessel...

Shipbuilding shares soar on Europe’s natural gas supply problem

Korean shipbuilding companies saw their stock prices soar Wednesday, on growing expectations that they will receive more liquefied natural gas (LNG) ship orders, as...

Höegh LNG Partners LP: Preliminary Financial Results for the Quarter Ended December 31, 2021

Höegh LNG Partners LP reported its preliminary financial results for the quarter ended December 31, 2021. Highlights 99.9% availability of FSRUs for the fourth quarter...

Seadrill Announces Emergence from Chapter 11

Seadrill announced that it has emerged from Chapter 11 after successfully completing its reorganization pursuant to its Chapter 11 plan of reorganization. The Plan...

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Hafnia Limited: Acquisition of an additional 1.7 million TORM shares

Hafnia Limited has agreed to acquire 1,700,000 A shares in TORM plc at a price per share of USD 34.00, representing 1.66% of the...

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...

At UN, 80 countries demand reopening of Hormuz, condemn Iran, Houthi attacks

Some 80 countries demanded the urgent reopening of ​the Strait of Hormuz on Thursday...

V.Group names new CEO

V.Group has appointed Shubpreet Singh as chief executive of V.Ships. Singh succeeds Robert Desai,...

Shipping magnate worth $13.5 billion rides AI boom with Nvidia

Maria Angelicoussis, the magnate behind Greece’s biggest shipping fortune, has scored big gains outside...

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...

Piraeus Chamber of Commerce: More value created by shipping to flow into the city’s economy

Piraeus is not only home to Greece’s largest port, but also the historic heart of Greek shipping and one of the world’s major maritime...

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...