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Taekwang teams up with major U.S. fund to enter K Shipbuilding acquisition battle

Taekwang Group has entered the acquisition battle for K Shipbuilding alongside Texas Pacific Group (TPG), a global private equity fund (PEF). According to the investment...

MSC Cruises announces two new world class ship orders during double celebration with Chantiers de l’Atlantique

MSC Cruises and Chantiers de l’Atlantique announced a major extension of their long-standing relationship with orders for two additional World Class ships – numbers...

Marco Polo Marine secures $198 mil contract to build oceanographic research vessel for Taiwan’s NAMR

Marco Polo Marine, a reputable regional integrated marine logistics company, is pleased to announce that its wholly-owned subsidiary, Marco Polo Shipyard Pte Ltd (“Marco...

Evergreen confirms order for 14 LNG dual-fuel container ships

Evergreen Marine has confirmed an order for fourteen 14,000-TEU LNG-fueled containerships, at a cost of approximately $3 billion. The vessels will be built by South...

Conbulk orders two containerships in China

Conbulk has reportedly ordered two vessels from a Chinese shipyard, according to market sources. The shipping company has reportedly places an order for two container...

Global Chartering linked to order for up to 16 newbuildings

TradeWinds reports Global Chartering, a joint venture between ArcelorMittal and DryLog, is in talks with shipyards in China to build a series of bulk...

Scorpio Tankers announces agreements to construct VLCCs

Scorpio Tankers announced that it has signed letters of intent to construct two Very Large Crude Carriers at Hanwha Ocean Co. Ltd., South Korea. ...

Akrotiri Tankers orders LR1 units in China – report

According to TradeWinds, Akrotiri Tankers has ordered its first newbuildings ever. Specifically, the shipping company has reportedly ordered a pair of LR1 units at New...

AET signs agreements with Samsung Heavy Industries for two LNG dual-fuel Suezmax tankers

AET, a leading global owner and operator of crude and product tankers, has signed shipbuilding agreements with Samsung Heavy Industries (SHI) for the construction...

HD Hyundai Heavy Industries wins 430 bil. won order for two ultra-large container ships

HD Hyundai Heavy Industries announced on Nov. 10 that it has signed a shipbuilding contract with Regional Container Lines, the world’s 21st-largest shipping company...

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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...