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Baltic index dips on weaker capesize rates

The Baltic Exchange’s dry bulk sea freight index slipped on Monday as lower capesize rates offset gains in smaller vessel segments. The overall index, which...

Shipping industry urges UN to protect vessels after Iran seizure

Merchant ships and seafarers are increasingly in peril at sea as attacks escalate in the Middle East and the United Nations must do more...

Updated transit levels at Panama Canal don’t faze LNG shippers

Despite a recent announcement that the Panama Canal Authority is set to add a slot for daily transits through the canal’s Neopanamax locks, US...

CLIA presents at G7 Transport Ministerial Session on Maritime Connectivity

Cruise Lines International Association (CLIA), represented by its European Chairman, Mr Pierfrancesco Vago, participated alongside the International Chamber of Shipping (ICS), in the G7...

Baltic index hits over 3-week high as vessel rates climb

The Baltic Exchange’s dry bulk sea freight hit a more than three-week high on Thursday, driven by robust demand across all vessel segments.The...

Crew of ship seized by Iran are safe, operator MSC says

The 25 crew members of the MSC Aries, which was seized by Iran on April 13, are safe, shipping firm MSC said on Wednesday,...

Baltic index gains as rates firm for all vessels

The Baltic Exchange’s main dry bulk sea freight index rose on Wednesday, aided by rising rates across all vessel segments with capesize hitting its...

Panama Canal Announces New Measures Regarding Number of Transits and Maximum Draft

The Panama Canal Authority has unveiled a series of measures aimed at optimizing transit operations while ensuring safe navigation through the waterway. Scheduled maintenance work...

Baltic Index Hits Near 3-Week High On Firm Demand Across Segments

The Baltic Exchange’s main dry bulk sea freight index climbed to its highest level in nearly three weeks on Tuesday, as rates rose across...

Maersk Makes no Deployment Changes After Vessel Seized in Strait of Hormuz

Shipping company Maersk has not made any deployment changes after a Portuguese-flagged container ship was seized by Iran in the Strait of Hormuz on...

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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...