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Samsung Heavy Industries Completes 1,500km Autonomous Voyage

South Korean shipbuilder Samsung Heavy Industries said on Thursday it had successfully demonstrated autonomous vessel navigation from South Korea to Taiwan, marking an industry...

Baltic index steady as larger vessels snap losing streak

The Baltic Exchange’s main sea freight index was little changed on Thursday as the capesize and panamax segments snapped their recent losing streaks, helping...

Baltic index falls to 1-month low on waning vessel demand

The Baltic Exchange’s main sea freight index fell to its lowest in one month on Wednesday as weakness in steel and coal markets weighed...

Greece’s new Shipping Minister meets with Union of Shipowners

Greece’s Minister of Shipping and Island Policy, Miltiadis Varvitsiotis, met with the Board of Directors of the Union of Greek Shipowners this week. In the...

Baltic index hits multi-week low on retreat for larger vessels

The Baltic Exchange’s main sea freight index on Tuesday fell to its lowest level in nearly four weeks, pressured by a dip in the...

Celestyal Appoints Anna Gregori To New Position Of Vice President Brand & Customer Journey

Celestyal, the award-winning, number one choice for travellers to the Greek Islands and the Eastern Mediterranean, continues to invest in - and expand -...

Waning vessel demand drags Baltic index lower

The Baltic Exchange’s main sea freight index recorded its lowest level in two weeks on Monday as demand fell across vessel segments. The overall index,...

Crowley Acquires Tamarind Consolidated

Crowley has acquired Tamarind Consolidated, a logistics services company serving the U.S. to the British Virgin Islands in a merger enhancing end-to-end supply chain...

Panama Canal To Keep Limits In Place As Drought Hits Lake Levels

The Panama Canal will likely keep restrictions on shippers in place this year as a drought has caused water levels at its main lake...

Slow tanker fleet growth, robust crude trade signal strong H2 2023 freight outlook

Surging Chinese oil demand, a lingering war in Ukraine, record-low order book and robust crude trade flows have led to a bullish outlook for...

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C3is Inc. announces closing of $2 million registered direct offering

C3is Inc., a ship-owning company providing dry bulk and tanker seaborne transportation services, today announced the closing of its previously announced registered direct offering...

Panama Canal posts $5.7 bln in FY2025 revenue, transits jump 19%

The Panama Canal said revenues rose around 14.4% in its fiscal year 2025 to $5.7 billion, based on preliminary and unaudited figures, authorities said...

Trafigura secures USD3.4 billion-equivalent Syndicated Revolving Credit Facility and Term Loan Facilities

Trafigura Group Pte Ltd, a market leader in the global commodities industry, announced the closing of its new Syndicated Revolving Credit Facility and Term...

Hudson Structured Capital Management announces $719 million closing of Hudson Northern Shipping Fund V LP

Hudson Structured Capital Management Ltd., an investment manager focused on alternative assets across the Transportation and Re/Insurance sectors, announced the final closing of Hudson...

Diversification leads Top Ships to profit increase

Top Ships has earned its first revenues from entering the mega-yacht market. The company, listed on the New York Stock Exchange, announced net profits of...

Global shipping industry reaffirms support for the IMO Net Zero Framework

Leading international maritime associations and organisations reiterate our strong support for adoption by the...

Polys Hajioannou elected new president of Cyprus Shipowners’ Association

The Cyprus Shipowners’ Association (CSA) held its general assembly in Limassol earlier this week,...

BIMCO: Rate increases unlikely but USTR fees could impact 35% of key sectors’ ships

According to BIMCO Chief Shipping Analyst, Niels Rasmussen, when fees from the Office of...

Baltic climbs to one-week high on capesize, panamax strength

The Baltic Exchange’s dry bulk sea freight index, which monitors rates for vessels moving...

Baltic edges up on stronger capesize and panamax vessel rates

The Baltic Exchange’s dry bulk sea freight index, which monitors rates for vessels moving...

SC Ports appoints Mallace as President and CEO

The South Carolina Port Authority’s Board of Directors announced Micah Mallace as the agency’s next President and CEO. The vote was unanimous. Mallace assumes leadership...

Rotterdam port container traffic disrupted as lashers strike for higher wages

Lashers in Europe's largest sea port Rotterdam went on a 48-hour strike on Wednesday afternoon to demand higher wages, while Flemish harbour pilots protesting...

Port of Long Beach awarded $20 million for Pier Wind

The Port of Long Beach on Wednesday was awarded $20 million by the California Energy Commission to fund the ongoing development of Pier Wind,...

PPA S.A.: Implementation of a New Scholarship Program for the academic year 2025-2026

The Piraeus Port Authority S.A. (PPA) announced the implementation of a new Scholarship Program for the academic year 2025-2026. This is an initiative that...

Ports are key factors in the green and digital transition

In a period of geopolitical turmoil and European changes, the new president of the Hellenic Ports Association (ELIME), Apostolos Kamarinakis, is drawing up a...