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Norsepower signs landmark deal with Idemitsu Tankers: first-ever release of VLCC to be equipped with rotor sails

Norsepower, the leading provider of mechanical sails for large vessels, and Idemitsu Tanker Co., Ltd., the shipping arm of Idemitsu Kosan, have announced their...

Eni launches the Phase 2 of Congo LNG ahead of schedule

With the arrival of the Nguya FLNG floating liquefaction unit and the introduction of gas into the new offshore infrastructure system, Eni announces the...

Marco Polo Marine closes 16.7% higher on profit jump, bright outlook; over 100 million shares change hands

Shares of  Marco Polo Marine: 5LY -2.14% ended Tuesday (Dec 2) up 16.7 per cent or S$0.02 at S$0.14, after more than 100 million...

Hyundai Motor Company joins forces with HD KSOE and PNU to develop maritime fuel cell system

Hyundai Motor Company has signed a landmark Memorandum of Understanding (MoU) to co-develop a maritime fuel cell system. This initiative marks Hyundai Motor’s effort...

BW LPG profit down in third quarter

BW LPG Limited reported a Q3 2025 Net Profit After Tax (NPAT) of US$57 million, yielding an annualized return on equity of 12%. The...

Iron ore climbs as infra demand, steady steel use counter weak China data

Iron ore futures rose on Tuesday, as infrastructure demand and steady steel consumption countered weak China economic data. The most-traded January iron ore contract on...

Baltic index hits near two-year peak as capesize registers strong gains

The Baltic Exchange’s dry bulk sea freight index, which tracks rates for vessels transporting dry bulk commodities, climbed to log a near two-year high...

Cruise Saudi welcomes Celestyal on its maiden call to Jeddah with plaque exchange

Celestyal has marked its first ever visit to Jeddah, Saudi Arabia, with a traditional plaque exchange ceremony in collaboration with Cruise Saudi. The 1260-guest Celestyal...

Havila secures more work with Equinor

Equinor Energy has exercised one year option for Havila Foresight (PSV) until January 2027. Equinor Energy has an option for one year thereafter, until January...

Hafnia delivers strong Q3 earnings

Hafnia Limited announced strong earnings for the Q3.

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Hafnia Limited: Acquisition of an additional 1.7 million TORM shares

Hafnia Limited has agreed to acquire 1,700,000 A shares in TORM plc at a price per share of USD 34.00, representing 1.66% of the...

2020 Bulkers – Contemplated private placement

Reference is made to the stock exchange announcement made by 2020 Bulkers Ltd on 16 September 2026, where the Company announced a letter of...

MSC said in talks to buy German state-held Meyer Werft stake

MSC Mediterranean Shipping Co. is in talks to acquire the roughly 80% stake in German cruise-ship builder Meyer Werft GmbH held by the federal...

Greek shipping industry turns to Euronext Athens

The Greek shipping community is turning its attention to Euronext Athens. Safe Bulkers, owned by Polys V. Hajioannou, made the first move. The company pursued...

TOP Ships announces net income of $6.5 million, diluted earnings per share of $0.61 and stockholders’ equity of $76.7 million for the six months...

TOP Ships Inc., an international owner and operator of modern, fuel-efficient “ECO” tanker vessels, announced its financial results for the six months ended June...

At UN, 80 countries demand reopening of Hormuz, condemn Iran, Houthi attacks

Some 80 countries demanded the urgent reopening of ​the Strait of Hormuz on Thursday...

V.Group names new CEO

V.Group has appointed Shubpreet Singh as chief executive of V.Ships. Singh succeeds Robert Desai,...

Shipping magnate worth $13.5 billion rides AI boom with Nvidia

Maria Angelicoussis, the magnate behind Greece’s biggest shipping fortune, has scored big gains outside...

PIL announces planned leadership succession: Wan Chee Foong appointed Deputy CEO, to succeed Lars...

The Board of Directors of Pacific International Lines (PIL) announced the appointment of Mr...

ABS and lomarlabs team up to accelerate early-stage, innovative solutions for global shipping

ABS and lomarlabs have signed a Master Research Collaboration Agreement (MRCA) to explore innovative...

Piraeus Chamber of Commerce: More value created by shipping to flow into the city’s economy

Piraeus is not only home to Greece’s largest port, but also the historic heart of Greek shipping and one of the world’s major maritime...

Piraeus container traffic soars 18% in August

Container throughput at the port of Piraeus remained strong in August, with a significant improvement recorded at Terminals II and III as the global...

Port of Los Angeles posts best three-month cargo stretch in its history

Port of Los Angeles waterfront workers processed  955,907 Twenty-Foot Equivalent Units (TEUs) in August, capping the busiest three consecutive months in Port history. More...

ATI and DP World commission six new hybrid cranes at manila South Harbour

Strategic partners DP World and Asian Terminals Inc. (ATI) have commissioned six state-of-the-art hybrid Rubber-Tyred Gantry (RTG) cranes at Manila South Harbour (MSH), strengthening...

PCT S.A.: New customs licence for cargo arriving by rail

A step towards enhancing the operational efficiency of the Piraeus Container Terminal is the granting of an Authorised Consignee licence to PCT S.A. by...