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Shipbuilders accelerate drive to make eco-friendly vessels

A growing number of shipbuilders are turning to eco-friendly vessels as the shipping industry will face strengthened requirements on carbon emissions in the coming...

Hyundai, Daewoo tie-up faces EU antitrust veto, sources say

South Korean shipbuilder Hyundai Heavy Industries’ proposed acquisition of rival Daewoo Shipbuilding & Marine Engineering Co Ltd is set for an EU antitrust veto...

Costamare orders eight containerships

Costamare announced today: • The execution of two shipbuilding contracts for containerships, • The exercise of options, under a legally binding option agreement, for six additional...

Cosco Shipping, PetroChina return to Hudong Zhonghua for LNG carriers

Cosco Shipping and PetroChina International have ordered three 174,000 cu m LNG carriers from Hudong Zhonghua Shipbuilding. The three LNG vessels will be 295 metres...

InfraCo Africa: Work set to start on pioneering freight ferry

InfraCo Africa, part of the Private Infrastructure Development Group (PIDG), and Grindrod have now commissioned SECO Marine, an affiliate company of Mombasa-based Shipyard, Southern...

Korea Shipbuilders Win 91% of Global LNG Carrier Orders in Jan-Nov

Korean shipbuilders accounted for 91 percent of the global orders for liquefied natural gas (LNG) carriers in the January-November period of 2021. Korean shipbuilders won...

GasLog Places Newbuilding Order at DSME

GasLog announced that it has ordered four newbuild 174,000 cubic meter liquefied natural gas carriers with the latest generation MEGI propulsion from Daewoo Shipbuilding...

Navios orders 2 more containerships at Zhoushan Changhong

Navios has reportedly ordered two 5,300 teu ships from Chinese yard Zhoushan Changhong International (ZCIS) for delivery in 2024. The company has an option...

Daewoo Shipbuilding wins W1.5t orders for 6 LNG carriers

Daewoo Shipbuilding & Marine Engineering Co. (DSME) said Wednesday it has bagged orders worth a combined 1.5 trillion won ($1.3 billion) to build six...

Navios places containership order

According to reports, Navios Maritime Partners placed an order at Zhoushan Changhong International Shipyard 2+2 5,300 TEU containerships. The price was not disclosed. Delivery...

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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...