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Shipbuilding

Asyad Shipping awards $103.6 million contract to Hyundai Heavy Industries for two MR tankers

Asyad Shipping Company S.A.O.G. has awarded Hyundai Heavy Industries Co., Ltd. (HHI) shipbuilding contracts for the construction of two new Medium Range (MR) product...

Cosco Shipping arm readies China IPO to capitalise on global shipbuilding wave

The shipbuilding and maintenance arm of state-owned marine transport giant China Cosco Shipping has completed initial public offering (IPO) guidance registration, paving the way...

Drydocks World and Cochin Shipyard form joint venture to strengthen India’s ship repair industry

Drydocks World, a DP World company, and Cochin Shipyard Limited (CSL) signed a joint venture agreement to operate and expand the International Ship Repair...

Investment in new cruise ship construction totaling $87.4bn

The value of new cruise ships currently on order worldwide has reached $87.4 billion, with the orderbook standing at 80 vessels and an investment...

Hanwha Ocean wins 477.8 bln-won order for 3 VLGCs

Hanwha Ocean Co., a South Korean shipbuilder, said Tuesday it has won a 477.8 billion-won (US$349 million) contract to build three very large gas...

Hanwha Ocean clinches 1.5 tln-won deal for 6 container ships from Taiwan’s Yang Ming

Hanwha Ocean Co. said Thursday it has won a 1.55 trillion-won (US$1.14 billion) order from Taiwan's Yang Ming Marine Transport Corp. to build six...

Samsung Heavy Industries lands two-ship order

Samsung Heavy Industries disclosed on Aug. 31 that it has won an order for two container ships from an African shipping company for a...

Pistiolis linked to tanker order

Evangelos Pistiolis is linked by shipping sources to an order from Central Mare for the construction of two more newbuilding MR tankers at K...

Enesel places newcastlemax order

Enesel has reportedly ordered one 210,000 dwt newcastlemax at Hengli Shipbuilding. The vessel is set to be delivered November 2028. A price for the ship,...

Thenamaris orders containerships in China

According to reports, Thenamaris has placed an order at Hengli for four 3,200 TEU container vessels. Deliveries are reportedly scheduled for 2028. It is worth...

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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...