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OceanPal Inc. announces reverse stock split to be effective March 30, 2026

OceanPal Inc. announced that its board of directors has determined to effect a one-for-twenty reverse stock split of the Company's common shares, par value...

Trump official says Hormuz ship insurance program to launch ‘soon’ as tanker traffic struggles to recover

Treasury Secretary Scott Bessent said a US insurance program meant to boost shipping through the Strait of Hormuz will begin soon, a move that...

Danish investor Zeaside Capital takes over shipowner Alba Tankers

Denmark’s Zeaside Capital Partners has agreed to buy compatriot Alba Tankers in a bid to build a tanker platform. The Copenhagen-based investment firm will take...

Tanker markets break loose as physical barrels vanish from global trade

If you want to buy a cargo of oil in Asia or jet fuel in Europe right now, you may have to pay a...

Okeanis VLCC set for record spot deal – report

Okeanis Eco Tankers is reportedly on track to set a new, historic record for spot rates for VLCC tankers. According to Tankers International, the shipping...

Nordic American Tankers – A 2005 built vessel has been sold

Nordic American Tankers informed that has entered into an agreement to sell a 2005 built ship, at a price of about USD 40 million. “We...

Performance Shipping Inc. secures sale and leaseback agreement for newbuilding LR1 tanker

Performance Shipping Inc., a global shipping company specializing in the ownership of tanker vessels, announced that, through a separate wholly-owned subsidiary, it has entered...

Velos Shipping continues its fleet expansion

Shipowner Paschalis D. Diamantidis continues to invest dynamically in the ship market, further strengthening his companies’ fleet. The most recent addition is the tanker...

Stolt-Nielsen and NYK Line form strategic joint venture in Avenir LNG

Stolt-Nielsen Limited, through its subsidiary Stolt-Nielsen Gas Ltd., announced that it has entered into a share purchase agreement to sell 50% of Avenir LNG...

Dynacom takes Hengli VLCC orderbook to 16 vessels

Dynacom Tankers Management has signed a new agreement for the construction of four additional VLCC (Very Large Crude Carrier) crude oil tankers, each with...

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Castor Maritime reports Q4 Net Income of $17.6 Million

Castor Maritime Inc., a diversified global shipping and energy company, announced its results for the three months and year ended December 31, 2025. Highlights of...

Robin Energy reports strong revenue growth

Robin Energy Ltd. announced strong revenue growth in the fourth quarter of 2025, reflecting the growth phase it is in. Total vessel revenue amounted to...

KCC: First quarter 2026 business update

Klaveness Combination Carriers’ preliminary fleet average TCE earnings for the first quarter ended at $33,432/day, approximately $550/day above the guiding range ($31,400-32,900/day). The CABU fleet...

Port of Los Angeles posts solid first quarter performance

The Port of Los Angeles processed 752,520 Twenty-Foot Equivalent Units (TEUs) in March, a slight 3% decrease compared to last year when shippers front-loaded...

Wallenius Lines becomes sole owner of Wallenius SOL

Wallenius Lines has entered into an agreement to acquire SOL Group’s shares in Wallenius SOL, thereby becoming the sole owner of the company. The...

Princess Cruises announces voyager class order

Princess Cruises, a leading global cruise line of Carnival Corporation & plc, the world's...

Hormuz crisis at crossroads as U.S.–Iran talks set to restart

Talks to end the Iran war could resume in Pakistan over the next two...

Höegh Autoliners welcomes the Höegh Pacific to its fleet

Last week, Höegh Autoliners celebrated and welcomed yet another newbuild to the Höegh fleet. The...

US, Iran agree to two-week ceasefire with reopening of Strait of Hormuz

The United States and Iran have agreed to a two-week ceasefire, reaching a deal...

UAE says the use of Hormuz must be guaranteed in any US-Iran deal

UAE official Anwar Gargash said any settlement of the U.S.-Iran war must guarantee access...

Port of Long Beach Nation’s busiest seaport through March

The Port of Long Beach moved the most cargo in North America in March and through the first quarter of 2026, Port of Long...

AD Ports Group signs deal explore investment in key Romania port

AD Ports Group, a leading global enabler of trade, industry and logistics solutions, has signed a framework agreement with the National Company Maritime Ports...

Port of Los Angeles posts solid first quarter performance

The Port of Los Angeles processed 752,520 Twenty-Foot Equivalent Units (TEUs) in March, a slight 3% decrease compared to last year when shippers front-loaded...

Piraeus Port Authority to participate in Seatrade Cruise Global Exhibition

Piraeus Port Authority (PPA) continues to strengthen its international presence in the cruise sector by participating in the Seatrade Cruise Global Exhibition, the industry’s...

Piraeus Port delivers strong 2025 financial performance

Piraeus Port Authority S.A. announced its financial results for fiscal year 2025, reporting record-high revenue and EBITDA, as well as strong performance across its...