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Baltic index steady as firmer panamax rates offset dip in capesize, supramax

The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, was little changed on Monday, as higher...

MOL Cruises marks service debut of MITSUI OCEAN FUJI

Mitsui O.S.K. Lines announced that on December 7, MOL Group company MOL Cruises, held an event at the Tokyo International Cruise Terminal to commemorate...

Höegh Autoliners signs 5-year contract with major international car producer

Höegh Autoliners ASA signed a 5-year contract with a major international car producer for transport of significant volumes of cars in two of the...

MOL Switch to invest in Heirloom, a U.S. DAC Technology Developer

TOKYO-Mitsui O.S.K. Lines announced that its wholly owned subsidiary MOL Switch LLC, which aims to invest in decarbonization technologies, became the first Japanese company...

Global trade is set to reach a record $33 trillion this year

Global trade is set to reach a record $33 trillion in 2024, according to the latest Global Trade Update by UN Trade and Development...

Baltic index extends losses on weaker capesize rates

The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, fell on Thursday, pressured by lower rates...

Celestyal’s inaugural Arabian Gulf season launches in Qatar

Celestyal has confirmed its flagship, Celestyal Journey, has arrived in Doha, Qatar, to start the line’s maiden Arabian Gulf season. The season begins with...

Baltic index hits 15-month low as capesize rates dip

The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, fell to a 15-month low on Wednesday,...

Baltic index hits over 1-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 near 15-month low on Monday,...

Höegh Autoliners signs 2-year contract with a major international car producer

Höegh Autoliners ASA has signed a two-year contract with a major international car producer for transport of cars in various trade lanes. The contract...

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Genco Shipping & Trading to review Diana Shipping’s unsolicited tender offer

Genco Shipping & Trading Limited, the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, confirmed that Diana Shipping, Inc. has...

Diana Shipping launches tender offer to acquire all outstanding shares of Genco Shipping & trading for $23.50 per share in cash

Diana Shipping Inc., a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels that owns approximately 14.8% of the...

Bahri reports first quarter 2026 results with net profit of SAR 2.15 billion

The National Shipping Company of Saudi Arabia (“Bahri” or the “Company”, 4030 on the Saudi Exchange), the Kingdom’s leading shipping and logistics provider, announced...

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...

Posidonia 2026 conference programme kicks off early with geopolitics dominant in industry agenda

From insurance and risk management to energy transition, digitalisation and maritime security, the Posidonia...

Swedish coast guard seizes suspected false flag tanker in Baltic sea

The Swedish Coast Guard said on Sunday it had seized a tanker in the...

Trump says US operation will aid ships stranded in Strait of Hormuz

President Donald Trump said on Sunday the U.S. would start an effort on Monday...

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...

Stable cargo flows in the Port of Gothenburg despite mixed first-quarter performance

Container handling in the Port of Gothenburg continues to show positive development in terms of loaded cargo volumes. At the same time, the share...

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...