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COP26: More than 20 nations vow to develop zero-emission shipping routes

A group of 22 countries pledged to create emission-free shipping corridors in the coming years as an initial step to decarbonizing maritime transportation, one...

Saudi Aramco to supply full term oil volumes to several Asian buyers – sources

Saudi Aramco, the world’s top exporter of crude oil, has notified at least six Asian customers it will supply full term volumes in December,...

Baltic index edges lower as smaller vessels weigh

The Baltic Exchange’s dry bulk sea freight index snapped a three-session long streak of gains on Thursday, pressured by weaker rates for panamax and...

Daewoo Shipbuilding bags W487b order for 2 LNG carriers

Daewoo Shipbuilding & Marine Engineering Co. (DSME) said Thursday it has signed a 486.7 billion-won ($410.9 million) deal to construct two LNG carriers. DSME will...

Global Ship Lease sees Q3 profit quadruple

Global Ship Lease, an owner of containerships, announced its unaudited results for the three and nine month periods ended September 30, 2021. Third Quarter 2021...

Noble Corporation, Maersk Drilling announce agreement to combine

Noble and Maersk Drilling announced that they have entered into a definitive business combination agreement to combine in a primarily all-stock transaction. Following the...

Dalian iron ore hits 1-year low

Dalian iron ore futures hit a one-year low on Wednesday as demand worries intensified due to China’s curbs on its steel output and a...

Maersk enters strategic partnership with Vestas

To serve the growing global market for sustainable energy solutions and protect profitability in an increasingly challenging global business environment for renewables, Vestas continuously...

Torm exits third quarter in the red

In the third quarter of 2021, TORM achieved TCE rates of USD/day 12,854 (2020, same period: USD/day 16,762) and an EBITDA of USD 30.4m...

Ardmore Expecting Product, Chemical Tanker Recovery

Ardmore Shipping Corporation announced results for the three and nine months ended September 30, 2021. Highlights and Recent Activity Reported a net loss of $12.8 million...

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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...