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Baltic index rises for fourth day on firm capesize demand

The Baltic Exchange’s dry bulk sea freight index rose for a fourth straight session on Tuesday as higher capesize rates offset losses in the...

CMA CGM Strikes Preliminary Agreement to Acquire Colis Prive in ‘Last Mile’ Logistics Push

French shipping giant CMA CGM said it had struck a preliminary agreement to acquire a majority stake in French delivery firm Colis Prive, as...

Baltic index logs worst month since January 2020

The Baltic Exchange’s dry bulk sea freight index edged higher on Monday, but registered its biggest monthly percentage decline in two years as seasonal...

Port Congestion Spreads Across More U.S. Import Gateways

Port congestion is spreading across the country, threatening to extend shipping delays and drive up costs for importers seeking to get around the bottlenecks...

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...

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...

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...

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...

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...

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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Robin Energy announces reverse stock split

Robin Energy, an international ship-owning company providing energy transportation services globally, announced that its board of directors has determined to effect a one-for-fifteen (1-for-15)...

Seanergy Maritime announces pricing of €100 million unsecured corporate bond trading on Euronext Athens

Seanergy Maritime Holdings Corp. announced the pricing of the offering of €100 million of unsecured bonds to investors in Greece. The Bonds will be...

Diana Shipping urges Genco Shipping & Trading shareholders to tender their shares by Friday, July 10

Diana Shipping Inc., a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels that is the largest shareholder of...

NORDEN raises full-year guidance

Following stronger than expected operational performance in dry cargo, reduced costs associated with Persian Gulf delays and additional vessel sales, NORDEN upgrades the 2026...

A.P. Moller Holding announces the acquisition of Ocean Yield from KKR

A.P. Møller Holding A/S and KKR, a leading global investment firm, announced that they have signed an agreement under which a subsidiary of A.P....

Höegh Autoliners extends contract with major Asian car producer into 2029

Höegh Autoliners ASA has agreed an extension of an existing contract with a major...

METLEN and Tsakos Group formalise partnership to develop one of Greece’s largest hybrid renewable...

METLEN and Tsakos Group formalised the launch of their partnership through METLEN’s entry into...

Foreship unveils RoRo ferry concept tailored to Greek ferry market

Foreship, part of the RINA Group, has developed a new roll-on/roll-off (RoRo) ferry design...

IMO Secretary-General condemns new attacks on ships in the Strait of Hormuz

IMO Secretary-General Arsenio Dominguez issued the following statement: “I regret that once again I am...

Seaspan and Maersk advance fleet efficiency through strategic vessel upgrade program 

Seaspan Corporation Pte. Ltd., a leading independent maritime asset owner and operator, has announced...

Hapag-Lloyd uses shore power in the Port of Hamburg

Hapag-Lloyd, the world’s fifth-largest container shipping company, has signed an agreement with the Hamburg Port Authority (HPA) on the use of shore power in...

DP World drives record efficiency and vessel performance at DAR Es Salaam port

DP World Dar Es Salaam has achieved record vessel performance and reduced cargo discharge times by more than 90% at the Port of Dar...

Piraeus Container Terminal marks 16 years, reports rise in cargo volumes

Piraeus Container Terminal (PCT) marked 16 years of operations, highlighting the contribution of its employees and partners in transforming the port of Piraeus into...

PPA S.A.: Gross dividend of 1.896 euros per share approved

The Piraeus Port Authority (PPA) successfully held its Annual General Meeting of Shareholders, in accordance with the applicable procedures, with shareholders representing 83.40% of...

Hanseatic Global Terminals plans to acquire 20% stake in Eurogate Container Terminal Hamburg

Hanseatic Global Terminals (HGT) signed a term sheet outlining the key conditions for the intended acquisition of a 20% stake in Eurogate Container Terminal...