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Baltic index up to highest levels since 2010

The Baltic Exchange’s main sea freight index on Monday rose to a more than 11-year peak on rising demand for all vessel sizes, with...

Nordic Shipholding: Orderly Sale of Remaining Vessels

As stated by Nordic Shipholding in Company Announcements 11/2020, 10/2021 and the 2020 Annual Report, extensive discussions were held with potential merger partners and...

Capital Gas Ship Management Takes Delivery of LNG Carrier ‘Adamastos’

Capital Gas Ship Management Corp. has taken successful delivery of the newbuilding LNG Carrier ‘Adamastos’, built by Hyundai Heavy Industries, S.Korea. With cargo capacity...

Port Of Gothenburg: Freight Flows Rise Despite Global Disruptions

Freight volumes continued to rise at the Port of Gothenburg during the first six months of the year, reaching their highest during the second...

Havila Shipping: Contract extensions with Nexans for Havila Phoenix

Havila Shipping has entered into a contract extension with Nexans for Havila Phoenix for a period of 100 days, with further options for 40...

Transocean and Dolphin Drilling make new bid for Seadrill

Offshore drilling rig contractors Transocean Ltd and Dolphin Drilling have made a new offer to buy the assets of stricken rival Seadrill Ltd ,...

Maersk Product Tankers sells MR vessel

Maersk Product Tankers has reportedly sold its 40,083 dwt MR tanker vessel ‘Maersk Erik’, built at SLS in 2008. The price received by the...

U.S. imposes Nord Stream 2 sanctions

The Biden administration on Friday slapped sanctions on a Russian ship and two companies involved in the Nord Stream 2 gas pipeline, but opponents...

Port of Long Beach: New 3.3 Million TEU Capacity Container Terminal Completed

The Port of Long Beach ushered in the next era of environmentally sustainable operations with the completion of the Long Beach Container Terminal at...

Workplace disasters, strikes stress Hyundai Heavy ahead of planned IPO

The planned initial public offering (IPO) of Hyundai Heavy Industries (HHI) next month appears to face obstacles, with deadly industrial accidents and strikes affecting...

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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...