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Korea surpasses China in January ship orders, securing 62% of global market share

South Korea has outpaced China to secure the highest volume of ship orders in January, according to a report by Clarkson Research, a British...

Fincantieri secures Norwegian Cruise Line Holdings four-cruise-ship order

Fincantieri announced that the Letter of Intent signed with Norwegian Cruise Line Holdings and announced on April 8, 2024 has been transformed into a...

Arriva Shipping orders dry cargo vessel

Arriva Shipping has announced it has entered into an agreement with Chinese shipyard Jiangsu SOHO Marine Heavy Industry Co. to construct a new battery...

MOL Group signs long-term charter for 3 very large liquified ethane carriers

Mitsui O.S.K. Lines announced that on January 23, its group company MOL Energia signed a long-term charter contract for three newbuilding very large ethane...

Korean shipbuilder wins $2.6 billion order for LNG-powered vessels

HD Korea Shipbuilding & Offshore Engineering secured orders for 12 LNG dual-fuel container ships worth 3.716 trillion won ($2.6 billion), marking its first contract...

Greek Shipping Minister praises ONEX contribution to economy

Minister of Maritime Affairs and Insular Policy, Christos Stylianidis, and Deputy Minister, Stefanos Gikas paid a visit to the ONEX Shipyards. During the visit, Stylianidis...

China’s shipbuilding remains robust but growing capacity weighs on steel plate market

China’s shipbuilding remained robust in 2024, and is likely to maintain strong growth momentum in 2025, which would benefit the steel plate market. However,...

Celsius Tankers places LNG order at Samsung Heavy Industries

Celsius Tankers has ordered an LNG carrier newbuilding priced at KRW 379.6bn ($261.5m) at Samsung Heavy Industries. The company is set to take delivery of...

USTR finds China’s shipbuilding dominance hurts US, is actionable

The U.S. Trade Representative's office on Thursday said it has found China's targeted dominance of the global shipbuilding, maritime and logistics sectors is "unreasonable"...

Greeks leaders in product tankers shipbuilding rally

According to an analysis by the world’s largest shipping company (BIMCO), the current year is characterized as a milestone in terms of new product...

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Genco Shipping & Trading to review Diana Shipping’s unsolicited tender offer

Genco Shipping & Trading Limited, the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, confirmed that Diana Shipping, Inc. has...

Diana Shipping launches tender offer to acquire all outstanding shares of Genco Shipping & trading for $23.50 per share in cash

Diana Shipping Inc., a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels that owns approximately 14.8% of the...

Bahri reports first quarter 2026 results with net profit of SAR 2.15 billion

The National Shipping Company of Saudi Arabia (“Bahri” or the “Company”, 4030 on the Saudi Exchange), the Kingdom’s leading shipping and logistics provider, announced...

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...

Posidonia 2026 conference programme kicks off early with geopolitics dominant in industry agenda

From insurance and risk management to energy transition, digitalisation and maritime security, the Posidonia...

Swedish coast guard seizes suspected false flag tanker in Baltic sea

The Swedish Coast Guard said on Sunday it had seized a tanker in the...

Trump says US operation will aid ships stranded in Strait of Hormuz

President Donald Trump said on Sunday the U.S. would start an effort on Monday...

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...

Stable cargo flows in the Port of Gothenburg despite mixed first-quarter performance

Container handling in the Port of Gothenburg continues to show positive development in terms of loaded cargo volumes. At the same time, the share...

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...