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Hundreds of boxes damaged in containership fire off Colombo

According to WK Webster, ZIM Charleston, the 8,586 TEU container ship, suffered a fire in cargo hold no. 4, whilst navigating off Colombo in...

Baltic Exchange’s Capesize Index Logs Biggest Single-Day Decline in Over Two Years

The Baltic Exchange’s main sea freight index fell on Thursday as capesize vessel rates saw their biggest daily plunge since the onset of the...

Torm acquires majority stake in scrubber maker

TORM has acquired a 75% ownership staketa in scrubber supplier ME Production (MEP). MEP owner and founder, Jens Peter Faldt will retain the remaining...

Capital Ship Management Corp. sets high standards for quality, business continuity & environmental management

Capital Ship Management Corp. has become one of the first Greek shipping companies to be certified with the ISO 22301 Business Continuity Management by...

Crowley Secures Subcontract for Hybrid-Electric Ferry

Crowley has been selected by Senesco Marine to provide design verification and production packaging for a hybrid-electric passenger vehicle ferry for Casco Bay Lines...

Svitzer Brazil strengthens fleet with two newbuilds

Svitzer, leading global towage operator and part of A.P. Moller-Maersk, has announced that it is further strengthening its fleet in Brazil with two newbuilds....

U.K. announces new National Maritime Security Strategy

The United Kingdom has released its new national strategy for maritime security (NSMS) to set out the government’s activity to develop national and global...

Singapore Bunker Fuel Sales Hit Seven-Month High in July

Marine fuel sales in Singapore, the largest bunkering hub in the world, rose by 10% month-on-month to a seven-month high of 4.12 million tonnes...

Baltic Dry Index Falls to Lowest Level Since January

The Baltic Exchange’s main sea freight index fell for the third straight session on Monday as rates for capesize vessels declined to their lowest in...

Capesize gains snap Baltic index’s 10-session loss streak

The Baltic Exchange’s main sea freight index rose on Monday, snapping a 10-session losing streak, as capesize rates logged their best day in more...

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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...