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Lomar clinches $37m loan from Macquarie

Lomar Shipping announced the agreement of a $37.5 million credit facility with Macquarie Group for up to six vessels in its diverse fleet, the...

World’s ghost fleet in focus over US Russian price cap crackdown

U.S. penalties on shippers transporting Russian oil in breach of the G7’s price cap could push more Russian cargoes onto vessels referred to as...

NAT Announces Purchase of Suezmax Tanker

Nordic American Tankers announced a purchase agreement for a suezmax tanker. The vessel was built by a yard in South Korea and has been operated...

Pyxis: Valentis sees strong product tanker demand through 2024

Pyxis Tankers chairman and CEO Valentios Valentis spoke to Thomas Warner from Proactive Investors about how the tanker operator has been performing since his...

Suezmax rates in Med spike on support from USGC, West Africa

Suezmax dirty tanker freight rates for deliveries on routes across the Mediterranean have spiked over the past week, in line with big rises in...

Oil Freight Has Surged Everywhere Since Hamas Attacked Israel

The cost of transporting oil has surged on almost every mainstream trade route in the week since Hamas attacked Israel. Freight rates on 16 global...

Asian tanker freights expected to recover on geopolitical disruptions, seasonal uptick

The clean and dirty tankers’ freight are likely to see some recovery in the October-December quarter on winter demand and geopolitical disruptions after the...

Overseas Shipholding Group Purchases Vessel from BP

Overseas Shipholding Group, Inc. (“OSG”) announced an agreement with BP Oil Shipping Company, USA, to purchase the tank vessel Alaskan Frontier, a sister vessel...

Frontline buying 24 VLCCs from Euronav for $2.35 billion

Frontline announced that as an integrated solution to the strategic and structural deadlock in Euronav, Frontline has entered into agreements with Euronav to acquire...

Athenian Sea Carriers takes option for 4 tanker newbuildings

Athenian Sea Carriers have declared options for four 20,500 dwt units at CSSC yard Wuchang Shipbuilding Group, according to a latest Clarksons Research report. Delivery...

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NORDEN reports net profit of USD 11 million (DKK 72 million) in Q1 2026

The net profit for the Group amounted to USD 11 million (DKK 72 million) in Q1 2026, driven by strong Tanker performance but offset...

Teekay Tankers reports 1Q2026 results; and declares dividends

Teekay Tankers reported the Company's results for the three months ended March 31, 2026 and announced that its Board of Directors has declared its...

Costamare Bulkers: Q1 adjusted net income comes in at USD 12.4 mln

Costamare Bulkers Holdings Limited reported unaudited financial results for the first quarter ended March 31, 2026 (“Q1 2026”). Financial Highlights1 and Operational Updates 1. PROFITABILITY -...

TORM plc Q1 2026 results, dividend distribution, and financial outlook 2026

Financial Results In the first quarter of 2026, TORM generated time charter equivalent earnings (TCE) of USD 286m (2025, same period: USD 214m). EBITDA for...

Robin Energy Ltd. reports results for the three months ended March 31, 2026

Robin Energy Ltd., an international ship-owning company providing energy transportation services globally, announced its results for the three months ended March 31, 2026.Highlights of...

Celestyal becomes the first cruise company in Greece to receive SETE’s METRON sustainable tourism...

With an exceptionally high overall ESG score of 93.33% and strong performance across the...

Melina Travlou on Posidonia 2026: Shipping as a force of stability and cohesion

“In an era of geopolitical realignments, uncertainty and multiple crises, shipping remains a force...

UK to contribute drones, jets and warship to Multinational Mission to secure the Strait...

Defence Secretary announced UK contribution to Strait of Hormuz mission at virtual summit of...

Maersk keeps Hormuz transits suspended

We are closely monitoring the evolving situation in the Middle East and would like...

Trump Says Iran Ceasefire on ‘Life Support’ as Hormuz Crisis Deepens

President Donald Trump said on Monday that a ceasefire with Iran was “on life...

APM Terminals Japan signs agreement to decarbonise operations in Yokohama

APM Terminals Japan, a Maersk Group company, has signed a long term offsite corporate Power Purchase Agreement with FPS Inc., sourcing renewable electricity to...

Piraeus Port Authority shows strong resilience despite geopolitical tension

Piraeus Port Authority announced that despite volatility in global logistics driven by geopolitical tensions in the Middle East, the company demonstrated significant resilience, maintaining...

AD Ports Group, CMA Terminals Khalifa Port, and CMA CGM Group sign MoU to extend inland reach across the UAE and wider region

AD Ports Group, a leading global enabler of integrated trade, industry and logistics solutions, today signed a Memorandum of Understanding (MoU) with CMA Terminals...

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...