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Drought-Hit Panama Canal Could Further Reduce Daily Transits

The Panama Canal could further reduce the maximum number of authorized daily vessel transits if this year’s drought continues, the waterway’s administrator said on...

Baltic index extends gain as panamax rates hit four-month peak

The Baltic Exchange’s main dry bulk sea freight index extended gains to a fifth straight session on Tuesday on firm demand across vessel segments,...

Greece: Christos Stylianidis to be appointed new Shipping Minister

Greece’s Shipping Minister, Miltiadis Varvitsiotis, announced his resignation on Monday, a few days after the death of a ferry passenger who was forcefully pushed...

Baltic index hits three-week high on sturdy demand across vessel segments

The Baltic Exchange’s main sea freight index tracking rates for ships ferrying dry bulk commodities, rose to its highest level in three weeks on...

Greece, China boost cooperation on shipping finance

Cooperation between Greece and China on shipping finance is set to receive a boost, after a conference held at the major Greek port of...

Baltic index hits two-week peak on higher capesize rates

The Baltic Exchange’s main sea freight index rose to a two-week high on Thursday, helped by a jump in capesize vessel rates. The overall index,...

Panama Canal water levels at historic lows

The Panama Canal’s water levels have not recovered enough as the end of the rainy season approaches and limits on daily transit and vessel...

Capesize uptick propels Baltic index

The Baltic Exchange’s main sea freight index rose on Wednesday, supported by gains in the capesize segment. The overall index, which factors in rates for...

Baltic index slips as capesize losses outweigh panamax gains

The Baltic Exchange’s main sea freight index declined on Tuesday as capesize rates hit a near six-month low, offsetting a rise in panamax vessel...

Celestyal Journey Departs On Maiden Aegean Voyage

This weekend saw the new North Star of the Celestyal fleet, Celestyal Journey, set sail on her maiden voyage around the Aegean, cruising 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...