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Sovcomflot exits dry bulk sector

PAO Sovcomflot (SCF Group), a global leader in marine energy transportation services, released its Condensed Consolidated Interim Financial Statements for the periods ended 30...

Frontline takes dive into the red in second quarter

Frontline reported unaudited results for the three and six months ended June 30, 2021: Highlights • Net loss of $26.6 million, or $0.13 per basic and...

Nordic Shipholding: Orderly Sale of Remaining Vessels

As stated by Nordic Shipholding in Company Announcements 11/2020, 10/2021 and the 2020 Annual Report, extensive discussions were held with potential merger partners and...

Maersk Product Tankers sells MR vessel

Maersk Product Tankers has reportedly sold its 40,083 dwt MR tanker vessel ‘Maersk Erik’, built at SLS in 2008. The price received by the...

FSL Trust Announces Oil/Chemical Tanker Acquisition & Long-term Bareboat Charter

FSL Trust announced that a wholly owned subsidiary of the Trust has entered into definitive agreements to (a) purchase the vessel Anuket Amber (tbr...

Lars Barstad confirmed as Frontline CEO

The Board of Frontline announced the appointment of Mr. Lars H. Barstad as the Chief Executive Officer of Frontline Management AS with effect from...

SEACOR Holdings acquires U.S. Shipping Corp

SEACOR announced the completion of its acquisition of U.S. Shipping Corp, a privately owned, leading provider of long-haul marine transportation for chemical and petroleum...

Concordia Maritime Approves Chartering Agreement With Stena Bulk

At Concordia Maritime AB’s Extraordinary General Meeting on 12 August 2021, it was resolved in accordance with the proposal of the Board of Directors...

Russia Opens Criminal Investigation Over Black Sea Tanker Spill

Russian investigators were conducting searches at the Caspian Pipeline Consortium (CPC) after last Saturday’s oil spill near the Black Sea port of Novorossiisk, the...

MISC 2Q net profit jumps to RM538.8mil

MISC Bhd's net earnings jumped 79.9% to RM538.8mil in the second quarter ended June 30, 2021, from RM299.5mil in the previous corresponding quarter, owing...

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Mercuria Energy Trading SA successfully Closes USD 3.84 billion Multi-Currency Revolving Credit Facilities

Mercuria Energy Trading S.A announced the successful closing of its USD 3.84 billion Multicurrency Revolving Credit Facilities. The Facilities comprise a new 1-year Multicurrency Revolving...

Diana Shipping Inc. announces extension of financing to support acquisition of all outstanding shares of Genco Shipping & Trading

Diana Shipping Inc., a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels that is the largest shareholder of...

A.P. Moller – Maersk Interim Report 2026

A.P. Moller - Maersk delivered EBITDA and EBIT of USD 1.8bn and USD 340m, respectively, down on the previous year. These results came on...

Navios Maritime Partners highlights strong bond market performance

Navios Maritime Partners, controlled by shipowner Angeliki Frangou, took part in Pareto Securities’ Greek Shipping Capital Markets Seminar, outlining its views on shipping, capital...

Maerks released its Interim Report for the 1st Quarter 2026

A.P. Moller - Maersk delivered EBITDA and EBIT of USD 1.8bn and USD 340m, respectively, down on the previous year. These results came on...

MSC Cruises sees LNG as a bridge fuel in cruise’s energy transition

The cruise industry’s energy transition will pass through LNG, but not as a final...

US and Iran enter technical talks to secure peace deal, shipping restart

The U.S. and Iran held indirect technical talks in Doha on Wednesday as they...

CMA CGM to buy FedEx third-party logistics arm for $1.4 billion

CMA CGM has agreed to buy FedEx's third-party logistics business for an enterprise ​value...

NAPA and Samsung Heavy Industries partner to advance fuel-efficient ship design and operations

NAPA, the global provider of maritime software and data services, has signed a Memorandum...

Hormuz traffic climbs as supertankers sail into Persian Gulf

Traffic through the Strait of Hormuz picked up for the first time since Iran’s...

PPA S.A.: Gross dividend of 1.896 euros per share approved

The Piraeus Port Authority (PPA) successfully held its Annual General Meeting of Shareholders, in accordance with the applicable procedures, with shareholders representing 83.40% of...

Hanseatic Global Terminals plans to acquire 20% stake in Eurogate Container Terminal Hamburg

Hanseatic Global Terminals (HGT) signed a term sheet outlining the key conditions for the intended acquisition of a 20% stake in Eurogate Container Terminal...

MSC to acquire 49% stake in Adani’s Vizhinjam port

Mediterranean Shipping Company (MSC) Group, the world’s largest container shipping company, will buy a 49% stake in Adani Group’s Vizhinjam International Seaport in Kerala...

Asyad Group and CMA CGM Group Initiate Strategic Partnership to enhance maritime connectivity and new regional trade corridors through a multipurpose logistics terminal in...

Asyad Group, Oman’s global integrated logistics provider, and CMA CGM Group, a global player in sea, land, air and logistics solutions, headquartered in France,...

AD Ports Group and Emirates Global Aluminium Expand ‎Long-Term Partnership Through New AED 84 Million ‎Infrastructure Development at Khalifa Port

AD Ports Group, a leading global ‎enabler of integrated trade, industry and logistics solutions, and Emirates Global ‎Aluminium (EGA), the largest premium aluminium producer...