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Intermodal Weekly Market Report [W45]

It has been another declining week for the dry bulk market and evidently, we are seeing asset values gradually losing momentum as well...

Los Angeles/Long Beach ports delay dwelling fees

The Ports of Los Angeles and Long Beach in Southern California delayed imposing escalating new fees for containerized cargoes that dwell too long in...

Pyxis Aquires 2017 Built MR Product Tanker

Pyxis Tankers, an international pure play product tanker company, announced its unaudited results for the three and nine month periods ended September 30, 2021. Summary For...

Change of CEO for Concordia Maritime

Erik Lewenhaupt will take over as CEO of Concordia Maritime on 1 January 2022. He succeeds Kim Ullman, who has informed the Board of...

EU set to block HHI’s $2 bil. acquisition of DSME – report

Despite Hyundai Heavy Industries' (HHI) submission of a number of solutions to address concerns over fair competition among large container vessel builders, the European...

Boskalis receives EUR 450 million offshore wind project

Boskalis has been awarded a contract for the transportation and installation of the monopile foundations and substations for an offshore wind farm development with...

Maersk announces intention to partner with Grindrod

Maersk announced an agreement to partner with the logistics activities of the Grindrod Intermodal Group in South Africa, enabling customers seamless access to a...

Premium iron ore’s outperformance is a bearish signal

Spot iron ore prices are now lower than the depths plumbed during the early part of the global coronavirus pandemic last year, and market...

Baltic index slips to 1-week low on weaker rates for larger vessels

The Baltic Exchange’s dry bulk sea freight index dipped to its lowest in a week on Monday, pressured by declines in the larger capesize...

Oil market to remain tight in 2022 as global demand ramps up: Vitol CEO

Global oil market fundamentals will likely remain tight over the coming year as oil demand continues to build after having mostly fully recovered to...

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Hapag-Lloyd profit jumps as stronger freight rates drive guidance upgrade

Hapag-Lloyd reported sharply higher third-quarter earnings on Thursday, a day after raising its full-year outlook as robust spot freight rates fueled better-than-expected fourth-quarter trading. The...

Seanergy Maritime reports third quarter and nine-month 2026 financial results

Seanergy Maritime Holdings Corp., a leading pure-play Capesize owner and operator, reported its financial results for the third quarter and nine months ended September...

Hapag-Lloyd raises outlook for third time on strong freight rates

German container shipping group ​Hapag-Lloyd raised its full-year earnings outlook for the third time ‌this year on Wednesday, citing strength in freight rates and...

Flex LNG reports strongest third quarter on record

Flex LNG reported third quarter 2026 results.

Teekay Tankers reports third quarter 2026 results; Declares dividend

Teekay Tankers Ltd. reported the Company's results for the quarter ended September 30, 2026.

Wallenius SOL changes name to Wallenius Link

In April 2026, Wallenius Lines entered into an agreement to acquire SOL Group’s shares...

IMO Secretary-General calls on States to enforce maritime rules in the Strait of Hormuz

The Secretary-General of the International Maritime Organization (IMO) Mr. Arsenio Dominguez has called for...

Corfu surpasses 1 million cruise passengers for first time, setting historic record

The Corfu Port Authority has surpassed the milestone of 1 million cruise passengers for...

Russia says it hit three cargo ships in Black Sea

Russia said on Sunday overnight strikes by its forces had hit three cargo vessels...

DryDel: Investment drives competitiveness

DryDel Shipping’s strategy for renewing its fleet and strengthening its competitiveness was outlined by...

Port of Los Angeles makes history with back-to-back months surpassing 1 million container units

The Port of Los Angeles handled 1,026,872 Twenty-Foot Equivalent Units (TEUs) in October, setting a record for the month and ranking as the second-highest...

AD Ports Group posts record net profit of nearly AED 1 billion ‎in Q3 2026, +64% YoY

AD Ports Group, a leading global enabler of ‎integrated trade, industry, and logistics solutions, today reported its strongest quarterly results on record ‎for the...

PPA completes establishment of new subsidiary

Piraeus Port Authority (PPA) has announced the completion of the establishment of a new subsidiary, named Piraeus Supply Chain Gateway. The development follows an earlier...

Piraeus Port Authority: Investments surge 84.5% to €126.6 million in 9-month

Piraeus Port Authority (PPA) recorded strong investment momentum in the first nine months of 2026, with capital expenditure rising 84.5% to €126.6 million, while...

Piraeus among COSCO’s top ports as container throughput rises 11.4%

Piraeus Container Terminal PCT) recorded an 11.4% increase in container throughput at Piers II and III in the third quarter of 2026, with COSCO...