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Ferry Runs Aground Off The Spanish Island Of Ibiza

A ferry ran aground off the Spanish island of Ibiza on Saturday night, August 28, an incident the emergency services told local media had...

Oil Edges Up as U.S. Gulf Producers Assess Damage After Ida

Oil closed modestly higher Monday in New York as offshore explorers assess damage from Hurricane Ida and investors shift focus to an OPEC+ meeting...

Diana Shipping Announces Time Charter Contract for m/v Phaidra With Uniper

Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Uniper Global Commodities SE, Düsseldorf, for...

Egypt to increase Suez Canal’s revenues by 5.6% in 21/22

Egypt’s 2021/2022 plan aims to increase the revenues of the Suez Canal by 5.6 percent, according to Minister of Planning and Economic Development Hala...

Supramax, Handysize reach peak freight levels in robust market

Spurred by robust demand for commodities along with port congestions and fleet inefficiencies, the smaller bulker carriers — Supramax and Handysize class ships —...

Cash-rich shipowners double container ship order book in 2021

What’s not to like about 2021 for container shipping? Freight rates are record high, record amounts of cargo are shipped across the Pacific Ocean,...

Euronav announces fixed income investor calls

Euronav mandated DNB Markets, Nordea and Arctic Securities AS to arrange a series of fixed income investor calls commencing on 30th August 2021. A...

Dire Shortage Of Containers Amid Other Setbacks Are Impacting Coffee Supplies

World coffee supplies are suffering a fresh setback from stringent travel curbs imposed in second-biggest grower Vietnam to control the worsening spread of the...

Cambodia’s oil export ambitions sink with “stolen” tanker standoff

When Cambodian officials commemorated the start of the country’s first oil project in June by preserving the first drops of production at a high...

Höegh LNG posts USD 87 million total income in Q2

Höegh LNG Holdings and its subsidiaries reported a total income of USD 87 million for the second quarter of 2021, compared with USD 84...

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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...

ONE delivers profitable full-year result, despite volatility

Ocean Network Express has announced its financial results for FY2025 (April 2025 to March 2026). Revenue for 4Q FY2025 was US$4,042 million, bringing the total...

MOL sees sharp net profit drop

Mitsui O.S.K. Lines (MOL) has reported net profit attributable to shareholders amounting to JPY 213.2bn ($1.3bn), down 49.9% from JPY 425.4bn a year earlier. Ordinary...

Costamare orders 16 containerships in China; posts USD 75 mln net income in Q1

Costamare Inc. reported unaudited financial results for the first quarter ended March 31, 2026 (“Q1 2026”).

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...

Celestyal launches ‘The Iconic Sale’ with fares from €499

Celestyal has launched its new ‘Iconic Sale’, offering savings across its full Mediterranean and...

Seafarer shares first-hand account with IMO about being stranded in the Persian Gulf

IMO Secretary-General Arsenio Dominguez has called on all Member States to support efforts to...

Columbia Group names Andreas Hadjipetrou new CEO

Columbia Group has appointed Andreas Hadjipetrou as its new Chief Executive Officer, with Demetris...

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...

High-level meeting on European strategies for the maritime industry and ports

A high-level meeting on the implementation of the European Maritime Industrial Strategy and the European Ports Strategy will be hosted in Athens on April...