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Baltic index hits near two-year low on weaker rates across vessel segments

The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, extended its losses to a nearly two-year...

Baltic index down to near two-year low on weaker vessel rates

The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, dropped to a 23-month low on Monday...

CMA CGM to keep avoiding Red Sea – report

French shipping and logistics group CMA CGM will continue to avoid the Red Sea even though it considers the region is more stable following...

Trump designates Yemen’s Houthis as a ‘foreign terrorist organization’

U.S. President Donald Trump on Wednesday re-designated Yemen's Houthi movement, known formally as Ansar Allah, as a "foreign terrorist organization", the White House said. The...

Baltic index extends fall to 23-month low

The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, extended losses to a 23-month low on...

Yemen’s Houthis free crew of Galaxy Leader after over a year, Al Masirah TV reports

Yemen's Iran-aligned Houthis have released the crew of the Galaxy Leader more than a year after they seized their Bahamas-flagged vessel off the Yemeni...

DP World says sea freight prices could fall 20% if Red Sea attacks curbed

Ships not linked to Israel could begin returning to the Red Sea in as little as two weeks, DP World’s deputy chief executive said,...

Greeks discuss future of shipping

Speaking at a Hellenic Chamber of Shipping event, the president of the Hellenic Shipowners’ Association Melina Travlou underlined the excellent cooperation between the Hellenic...

Baltic Index hits near two-year low on weaker rates across vessels

The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, fell to its lowest level in 23...

Baltic index at over 1-year low as rates decline across segments

The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, fell for a sixth straight session on...

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Scorpio Tankers announces financial results for the fourth quarter of 2024 and the declaration of a dividend

Scorpio Tankers Inc. (NYSE: STNG) ("Scorpio Tankers" or the "Company") today reported its results for the three months and year ended December 31, 2024....

Wallenius Wilhelmsen closes record-year with another solid quarter

The financial result for the full year of 2024 is another record-breaking result for Wallenius Wilhelmsen as it exceeds the 2023 results. Adjusted EBITDA for...

HMM sees 2024 earnings & profits rise

HMM reported revenue of KRW 11,700 billion (US$8 billion), operating profit of KRW 3,513 billion (US$2.42 billion), and net profit of KRW 3,781 billion...

FSL Trust posts $11m net profit in 2024

FSL Trust Management, the trustee manager of First Ship Lease Trust, reported a net profit of $9.3m (US$6.9m) and $11.2m (US$8.3m) for the second...

Danaos profitability ‘remains consistent’; 2 newbuilding containerships added to orderbook

Danaos Corporation, one of the world's largest independent owners of container vessels and drybulk vessels, reported unaudited results for the period ended December 31,...

Baltic index declines for third day as capesize plunges to 2-year lowBaltic

The Baltic Exchange’s dry bulk sea freight index, which measures shipping rates for vessels...

Baltic index slips on lower capesize, panamax rates

The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying...

Suspected Somali pirates seize boat off Horn of Africa

Suspected Somali pirates have seized a Yemeni fishing boat off the Horn of Africa,...

MPC Capital expands maritime services business with energy efficiency and performance management solutions

The investment and asset manager MPC Capital has acquired a 50% stake in the...

Baltic index falls as larger vessel rates dip

The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying...

An increasing number of cruise lines choose Piraeus as their homeport

More and more cruise lines are choosing the port of Piraeus as their starting point and homeporting point for their voyages. The benefits of homeporting...

Zululand Energy Terminal signs agreement to operate South Africa’s first LNG Terminal

Zululand Energy Terminal, a joint venture between Vopak Terminal Durban and Transnet Pipelines (TPL), has officially signed the Terminal Operator Agreement (TOA) with Transnet...

Thessaloniki port’s Master Plan gets the green light

The long-awaited presidential decree approving the Master Plan for the port of Thessaloniki was published in the Official Gazette, opening the way for the...

A.P. Moller Capital invests in Spanish ports group

A.P. Moller Capital announced new partnership with Bergé y Compañía to grow BERGÉ into a leading ports infrastructure company in Iberia and Latin America. Founded...

AD Ports, CMA CGM to develop multipurpose terminal in Congo

AD Ports Group, an enabler of integrated trade, transport and logistics, signed a shareholders’ agreement with the CMA CGM Group, a global player in...