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Weak demand across vessels drags Baltic index to 10-month low

The Baltic Exchange’s dry bulk sea freight index extended losses on Wednesday to a 10-month low, pressured by lower rates across all its vessel...

Celestyal Cruises: “Wave Season” offers with savings of up to 50% on selected cruises in 2022

Celestyal Cruises, the award-winning, number one choice for cruise travelers to the Greek Islands and the Eastern Mediterranean, has announced its “Escape Back to...

Eagle Bulk to deploy Jotun HullSkater robot on vessel

Eagle Bulk Shipping has signed a commercial agreement with Jotun for the adoption of hull-cleaning solutions to minimise biofouling and accelerate decarbonisation. Under the agreement...

Baltic index slides to 9-month low as rates drop across vessel segments

The Baltic Exchange’s dry bulk sea freight index dropped to its lowest level since April 2021 on Tuesday, weighed down by weaker demand across...

Vale Suspends Some Brazil Operations Amid Heavy Rains

Heavy rainfall in southeastern Brazil has prompted miners including Vale SA to suspend some operations, they said on Monday, after downpours caused deadly floods...

Baltic index falls to 2-week low as panamax, supramax rates slip

The Baltic Exchange’s dry bulk sea freight index fell to a more than two-week low on Monday, as a decline in smaller vessel rates...

Royal Caribbean Pauses Sailings Due To Omicron Concerns

Royal Caribbean Cruises Ltd has paused some of its cruise operations amid rising numbers of COVID-19 infections due to the Omicron variant. The sailings...

Marco Polo Marine Ventures Into Green Ship Recycling

Marco Polo Marine, a reputable regional integrated marine logistics company announced that its subsidiary, P.T. Marcopolo Shipyard, has ventured into green ship recycling, to...

Multipurpose Time Charter Index Up to $10,575/day in December

The Drewry Multipurpose Time Charter Index tracks one-year period charter rates across a basket of vessel types and sizes and forecasts the market movement...

Cruise Operators Pause Operations in Brazil

Cruise ship companies in Brazil will suspend most operations until Jan. 21, an industry association said on Monday, after health authorities recommended against cruise...

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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...