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Higher vessel rates drive up Baltic index to over 11-year peak

The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, rallied to its highest in more than 11...

Concordia Maritime Approves Chartering Agreement With Stena Bulk

At Concordia Maritime AB’s Extraordinary General Meeting on 12 August 2021, it was resolved in accordance with the proposal of the Board of Directors...

China-US container shipping rates hit new record high

Container shipping rates from China and Southeast Asia to the east coast of North America have surpassed $20,000 per twenty-foot equivalent unit, or TEU,...

Russia Opens Criminal Investigation Over Black Sea Tanker Spill

Russian investigators were conducting searches at the Caspian Pipeline Consortium (CPC) after last Saturday’s oil spill near the Black Sea port of Novorossiisk, the...

PDVSA to restart output at offshore Corocoro field

Venezuela's state oil company PDVSA is preparing to restart crude output at the offshore Corocoro field as soon as next week, oil union representative...

MISC 2Q net profit jumps to RM538.8mil

MISC Bhd's net earnings jumped 79.9% to RM538.8mil in the second quarter ended June 30, 2021, from RM299.5mil in the previous corresponding quarter, owing...

‘Once in 100 years’ drought seen affecting Argentine grains exports into next year

A once-a-century drought has lowered the water level of Argentina’s main grains transport river, reducing farm exports and boosting logistics costs in a trend...

Keppel delivers Russia’s first LNG bunkering vessel

Keppel Offshore & Marine (Keppel O&M) has successfully delivered Russia’s first Liquefied Natural Gas (LNG) bunkering vessel. Designed and built by Keppel O&M, the...

Hapag-Lloyd Posts Strong 1H2021 Results

Hapag-Lloyd published its figures for the first half year of 2021 today. It concluded with an EBITDA of USD 4.2 billion (EUR 3.5 billion)....

Shipbuilding: China accounts for 51% of new global orders in H1

China’s new shipbuilding orders accounted for more than half of the global share in the first half of the year due to growing demand...

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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...