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After Red Sea mission, Greece seeks key role in EU defence – minister

Greece, host of the headquarters of the EU operation to shield ships from Houthi attacks in the Red Sea, hopes to play a more...

Posidonia 2024: Navigating Uncharted Waters in the Face of Global Challenges

Posidonia 2024 is already on track to be the biggest ever in the long history of the world’s most prestigious shipping exhibition, as the...

Wallenius Wilhelmsen: Multi-year contract with Korea’s leading construction machinery company

Wallenius Wilhelmsen recently signed a significant multi-year shipping contract with Korea’s leading construction machinery company. The new agreement, which has a duration of three...

Baltic Index Climbs For Third Straight Session On Firm Rates For Larger Vessels

The Baltic Exchange’s dry bulk sea freight index gained for a third straight session on Monday, buoyed by a rise in capesize and panamax...

Höegh Autoliners Signs EV Deal with Major Asian Manufacturer

Höegh Autoliners ASA has signed a new contract with a major East Asian car producer for the transport of cars, mainly electronic vehicles (EVs),...

Red Sea ship diversions boost bunker demand, prices in Africa, Mediterranean

The re-routing of a growing number of ships around Africa to avoid potential attacks in the Red Sea is altering refueling patterns and boosting...

Baltic index snaps 8-day losing streak as larger vessel rates gain

The Baltic Exchange’s dry bulk sea freight index snapped aneight-day losing streak on Thursday as rates increased across larger vessel segments. The overall index, which...

Suez Canal Transits Fall to Lowest Level Since Ever Given Grounding

Commercial ship transits through the Suez Canal dropped to the lowest level since the Ever Given blocked the waterway nearly three years ago, highlighting...

Maersk CEO sees Red Sea shipping disruption lasting ‘at least a few months’

Maersk CEO Vincent Clerc said on Wednesday the disruption to global shipping caused by the attacks on vessels in the Red Sea will probably...

Baltic index extends slide but higher panamax rates stem losses

The Baltic Exchange’s dry bulk sea freight index slipped for the eighth straight session to a four-month low on Wednesday, but a recovery in...

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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...