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Secondary Trades Suffer as Carriers Continue to Chase Big Bucks

The cellular fleet grew by 4.5% last year, to 24.97m teu, but capacity was cut on some routes as carriers re-deployed as much tonnage...
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Baltic index snaps 14-session losing streak as capesize rates gain

The Baltic Exchange’s dry bulk sea freight index snapped a 14-session losing streak on Thursday, as gains in capesize rates outweighed losses in the...
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Pirates Attack Bunker Tanker Off Ivory Coast – Report

A bunker tanker vessel was attacked by pirates in the Gulf of Guinea off the Ivory Coast, Dryad Global has confirmed. “Pirates are understood to...
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DP World set to record strong business growth in 2021

DP World, one of the world’s largest port operators, expects strong business growth in 2021 as the world economy continues to recover from the...
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Weaker demand for vessels drag Baltic index to one-year low

The Baltic Exchange’s dry bulk sea freight index fell to its lowest level in a year on Wednesday, pressured by lower rates across all...
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Svitzer AMEA extends contract with Suez Canal Authority

Svitzer, leading global towage provider and part of Maersk, is today announcing another extension of its current contract with the Suez Canal Authority (SCA)...
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Maersk to tackle air pollution at ports with ship-charging buoys

Shipping group Maersk plans to install hundreds of offshore charging stations around the world to allow vessels to power themselves with electricity instead of...
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Baltic index extends fall on waning demand for vessels

The Baltic Exchange’s dry bulk sea freight index fell for a 13th straight session on Tuesday, dragged lower by weaker rates across all vessel...
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MSC In Talks to Buy Italian Airline ITA with Lufthansa as Partner

Swiss-based shipping group MSC and German carrier Lufthansa want to buy the majority of Alitalia successor ITA Airways and have asked for an exclusivity...
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Baltic index down for 12th day on lower capesize rates

The Baltic Exchange’s dry bulk sea freight index fell for a 12th straight session on Monday, hurt by declining capesize rates. The overall index, which...
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Costamare reports results for the first quarter ended march 31, 2026

Costamare Inc. reported unaudited financial results for the first quarter ended March 31, 2026 (“Q1 2026”).

NORDEN raises full-year guidance

On the back of additional vessel sales and a stronger tanker market, NORDEN upgrades the 2026 full-year net profit guidance to USD 70 –...

Wärtsilä’s Interim Report January–March 2026

Wärtsilä’s announced its interim report for the period January–March 2026. January–March 2026 highlights Total order intake increased by 10% to EUR 2,099 million (1,902), while the...

KCC: Solid start to the year; even stronger Q2 outlook

Klaveness Combination Carriers ASA reported EBITDA of USD 29.3 million and Profit after tax of USD 15.6 million for the first quarter of 2026,...

Noble Corporation announces first quarter 2026 results

Noble Corporation plc reported first quarter 2026 results. Three Months Ended(in millions, except per share amounts)March 31, 2026March 31, 2025December 31, 2025Total Revenue$                786$                874$                764Contract Drilling Services Revenue743832705Net...

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...

ABS and PIL to advance maritime decarbonisation with alternative marine fuel emissions verification

ABS and Pacific International Lines (PIL) have announced a formal collaboration through the signing...

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...

Piraeus Port maintains its strategic role as key logistics hub for Eastern Mediterranean and SE Europe

The Port of Piraeus is resilient to the disruptions caused by the conflict in the Middle East on global supply chains. However, downward pressure is...

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