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GRSE secures international order worth USD 108 million

GRSE has secured an additional order for four multi-purpose vessels from Carsten Rehder Schiffsmakler and Reederei GmbH & Co., KG Germany. This follows an initial...

ST Engineering unveils smart shipyard

ST Engineering officially opened its new shipyard located at 55 Gul Road in a ceremony officiated by Mr Desmond Tan, Senior Minister of State,...

Titanic builder Harland & Wolff to enter administration amid debt woes

RMS Titanic shipbuilder Harland & Wolff announced on Monday that it will enter administration following financial troubles. After an account audit, the iconic Belfast shipbuilder's...

PaxOcean receives order for up to 10 MPSVs

PaxOcean has signed a contract with an undisclosed Greek owner for the construction of up to 10 multipurpose service vessels (MPSV). Pax Ocean said...

TSUNEISHI Group to strengthen collaboration with Yangzijiang Shipbuilding 

TSUNEISHI Group agreed with Yangzijiang Shipbuilding, a major Chinese private shipbuilder, to conduct a third-party allotment to Yangzijiang Shipbuilding of new shares of TSUNEISHI...

Germany approves bailout for Meyer Werft shipbuilder hit by financial woes

The federal government and the state of Lower Saxony are collectively buying up 80% of the firm, as the shipbuilder struggles with a nearly...

Leonhardt & Blumberg: Newbuilding order for four MR Tankers at Guangzhou

Leonhardt & Blumberg ordered four MR Tankers at Guangzhou Shipyard International Co. Ltd. The total order increased to four 49,500dwt Chemical/Product Oil Tankers. The initial...

QatarEnergy to build 6 new QC-Max LNG vessels at China’s Hudong-Zhonghua Shipyard

QatarEnergy has signed an agreement today with China State Shipbuilding Corporation (CSSC) for the construction of 6 additional state-of-the-art QC-Max vessels, bringing the total...

Brave Maritime orders product tankers at Hyundai Mipo

Brave Maritime has reportedly placed an order at Hyundai Mipo Dockyard for two 52,000 dwt product tankers at the price of USD 52.5 million. According...

COSCO SHIPPING builds twelve 14,000 TEU dual-fuel methanol container vessels

On 29th August 2024, COSCO SHIPPING Heavy Industry and COSCO SHIPPING Container Lines signed a contract in Shanghai for the construction of twelve 14,000...

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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...