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Korean shipbuilding stocks gain momentum on bright earnings prospect

South Korea’s shipbuilding stocks are rising on the back of expectations that their profitability will improve over the next three years as their portfolio...

MSC, CMA CGM way ahead in box fleet-building race – report

MSC’s phenomenal growth over the past two years has largely been driven by acquisition of second-hand containerships, while rival CMA CGM is the most...

DSME posts larger than anticipated Q1 net loss

Daewoo Shipbuilding & Marine Engineering (DSME) reported a net loss of 120.4 billion won ($90 million) in the first quarter, larger than anticipated. The figure...

DSME board approves new directors, new name after acquisition gets green light

The board of Daewoo Shipbuilding & Marine Engineering (DSME) approved the new directors recommended by Hanwha and a company name change on Monday after...

DSME acquisition could be approved by shipbuilder’s board soon – report

The board of Daewoo Shipbuilding & Marine Engineering (DSME) will likely approve the acquisition by five Hanwha companies of the debt-ridden shipbuilder next Monday,...

Dynacom Tankers linked to order for up to 14 newbuildings

According to market sources, Dynacom Tankers Management has made ten firm and four optional orders for LR2 product carriers at DSIC Shanhaiguan Shipbuilding Industry...

CSSC, CMA CGM sign agreement on methanol & LNG powered boxships

China Chamber of Commerce (CSSC) has signed an agreement with CMA CGM to build 16 large containerships. CSSC will build twelve 15,000 teu methanol dual-fuel...

Korean Shipbuilding Industry Attains 33% of Its Target for 2023 in Q1

The Korean shipbuilding industry is moving closer to achieving this year’s order-taking target based on stable orders. Korean shipbuilders are concentrating on boosting profitability...

Stolt Tankers orders chemical tankers at Wuchang Shipbuilding

Stolt Tankers’ joint venture in China, Shanghai SC-Stolt Shipping Ltd (SSCSSL) has signed a contract with Chinese shipbuilder Wuchang Shipyard to build two chemical...

Hanwha gets nod from EU for Daewoo Shipbuilding takeover

Hanwha Group received approval from the European Union on its plan to buy Daewoo Shipbuilding & Marine Engineering Co., one of South Korea’s three...

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Greek shipping industry turns to Euronext Athens

The Greek shipping community is turning its attention to Euronext Athens. Safe Bulkers, owned by Polys V. Hajioannou, made the first move. The company pursued...

TOP Ships announces net income of $6.5 million, diluted earnings per share of $0.61 and stockholders’ equity of $76.7 million for the six months...

TOP Ships Inc., an international owner and operator of modern, fuel-efficient “ECO” tanker vessels, announced its financial results for the six months ended June...

TORM announces secondary public offering of its class A common shares by a selling shareholder

TORM plc announced the commencement of a secondary public offering of 9,000,000 of the Company’s Class A common shares by OCM Njord Holdings S.à...

TEN sees 300% plus increase in 6-month net income; record 1H revenues

TEN reported results (unaudited) for the six months and the second quarter ended June 30, 2026. FIRST HALF 2026 SUMMARY RESULTS TEN's fleet generated record gross...

Samsung seeks $186 million from CMA CGM in landmark FMC complaint

Samsung Electronics America (SEA) has filed a formal complaint against CMA CGM with the US Federal Maritime Commission (FMC), demanding at least $186 million...

Cruise Industry report shows measurable progress in environmental technologies and practices

Cruise Lines International Association (CLIA), the leading voice of the global cruise industry, released...

Stop attacking merchant ships and seafarers: IMO Secretary-General to Member States

The Secretary-General of the International Maritime Organization, Mr. Arsenio Dominguez, has called on Member...

Iran says struck oil tanker in Strait of Hormuz

Iran's Revolutionary Guards said Friday they struck an oil tanker sailing under the Togolese...

World’s first ship-to-ship ammonia bunkering to an ammonia-fueled vessel

Demonstrating a Fuel-Supply Operation Essential for Deployment of Next-Generation Fueled Vessels NYK Line, with Japan...

M/MARITIME: Focus on Greek-Japanese maritime ties

The close shipping ties between Greece and Japan were highlighted at a meeting at...

Piraeus container traffic soars 18% in August

Container throughput at the port of Piraeus remained strong in August, with a significant improvement recorded at Terminals II and III as the global...

Port of Los Angeles posts best three-month cargo stretch in its history

Port of Los Angeles waterfront workers processed  955,907 Twenty-Foot Equivalent Units (TEUs) in August, capping the busiest three consecutive months in Port history. More...

ATI and DP World commission six new hybrid cranes at manila South Harbour

Strategic partners DP World and Asian Terminals Inc. (ATI) have commissioned six state-of-the-art hybrid Rubber-Tyred Gantry (RTG) cranes at Manila South Harbour (MSH), strengthening...

PCT S.A.: New customs licence for cargo arriving by rail

A step towards enhancing the operational efficiency of the Piraeus Container Terminal is the granting of an Authorised Consignee licence to PCT S.A. by...

ZIM: Updated freight rates from Mediterranean & Black Sea ports

Updated Freight Rates from all Mediterranean ports & Black Sea ports to all USEC & Gulf, Puerto Rico, Canada, Mexico, Caribbean & South America...