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EU resumes probe of KSOE-DSME merger

The European Union's antitrust regulator is resuming an investigation into a proposed merger of two Korean shipbuilders that it suspended last year. The European...

Capital Maritime orders MR tankers at HMD

Capital Maritime & Trading is reported to be adding six MR tankers being built at Hyundai Mipo Dockyard to its fleet. The 50,000 dwt vessels...

EU set to block HHI’s $2 bil. acquisition of DSME – report

Despite Hyundai Heavy Industries' (HHI) submission of a number of solutions to address concerns over fair competition among large container vessel builders, the European...

Korean, Chinese, Japanese Shipbuilders Racing to Develop Ammonia-powered Vessels

Competition is heating up among shipbuilders in Korea, China, and Japan to develop ammonia-powered ships amid growing demand for eco-friendly vessels. Ammonia is an...

Celsius Tankers orders LNG carriers at SHI

Celsius Tankers has ordered two 180,000 cu m LNG carriers at Samsung Heavy Industries, bringing the company's gas fleet to 10 vessels.  The two...

Daewoo Shipbuilding bags W487b order for 2 LNG carriers

Daewoo Shipbuilding & Marine Engineering Co. (DSME) said Thursday it has signed a 486.7 billion-won ($410.9 million) deal to construct two LNG carriers. DSME will...

Korean shipyards climb back to the peak in global order book

South Korea bounced back to No.1 position in global ship orders in October on the surging global trade volume. Korean shipyards brought home the...

S. Korea: New Shipbuilding Orders Set To Drop In 2022

New shipbuilding orders are forecast to decrease next year. This is because container shipping companies which aggressively placed shipbuilding orders due to high shipping...

Celsius Tankers orders four LNG carriers from SHI

In line with strategy, Celsius Tankers has ordered a new series of LNG Carriers to support the growth of Celsius Tankers modern LNG fleet....

SHI adds $1.7 bln deal from Eurasian shipper, overachieves annual target

Samsung Heavy Industries Co. joined other Korean shipbuilding majors to overachieve its annual target by adding $1.7 billion deal to supply blocks, parts and...

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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...