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S. Korean shipbuilding stocks rebound

South Korean shipbuilding stocks managed to rebound Monday after weeks of decline as investors perceive prices are too low considering expectations for improved third-quarter...

Globus Maritime orders two ultramax bulkers

Globus Maritime Limited, a dry bulk shipping company, announced that it has signed two contracts, through its wholly owned subsidiaries, for the construction and...

S. Korea’s Shipbuilding Order Backlog Hits 12-year High in H1

Shipbuilding exports are taking the lead in Korea’s exports in the first half of the year. During this span, Korea’s exports rose 11.9 percent...

S. Korea’s ship export grows 11.9 pct in H1

South Korea’s ship export grew in double digits in the first half of this year (H1) due to rising demand for high-priced and eco-friendly...

Avance Gas declares newbuilding option for two LPG/Ammonia Carriers

Avance Gas Holding Ltd. has declared the option of the two mid-sized LPG/ammonia carriers (MGCs) from Nantong CIMC Sinopacific Offshore & Engineering Co., LTD...

Euronav announces fresh fleet expansion

Euronav has announced an agreement to purchase one VLCC new build including the option for a second VLCC new build to be lifted in...

HMM orders four multi-purpose heavy-lift ships

HMM has ordered four 38,000-ton multi-purpose heavy-lift ships at China State Shipbuilding Corporation’s subsidiary Huangpu Wenchong. All vessels will be equipped with advanced features, including...

Hafnia orders methanol-fuelled MR tankers

Hafnia has confirmed an order of four 49,800 dwt dual-fuelled MR tankers at Guanghzhou Shipyard International in China. Three of the four vessels – all...

HD Hyundai Cements No. 1 Position in Marine Engine Market

HD Hyundai, which has an unrivaled presence in the world marine engine market, has further strengthened its position with the acquisition of STX Heavy...

Economou orders bulk carriers in China

TMS Dry has reportedly ordered two kamsarmax bulk carriers with a capacity of 82,000 dwt each at Chengxi. The two vessels are expected to...

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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...