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Capesize: Freight rates over 30,000 dollars/day for Brave Maritime

In one of the most striking deals in the dry bulk market, Haris Vafias has secured the chartering of three capesize vessels from the...

Marine insurers reaffirm their commitment to supporting trade in the Middle East

The global marine insurance market continues to show resilience and is maintaining the availability of cargo, hull, liability and offshore energy cover despite increasing...

Container Shipping: Iran war amplifies outlook uncertainty

“Following the start of attacks on Iran on 28 February, transits through the Strait of Hormuz have effectively stopped, severing Persian Gulf ports from...

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...

Cadeler announces planned investments in exceptional growth opportunities, balanced with dividend potential from strong cash flows

Cadeler announced the completion of a private placement raising approximately EUR 175 million, at a price above the Company’s 5-day VWAP, to fund initial...

Maran Gas: New LNG carrier order

Maran Gas Maritime, a member of the Angelicoussis Group under the leadership of Maria Angelicoussis, is proceeding—according to shipbuilding market sources—with an order for...

Golar LNG Limited announces strategic review to maximize stakeholder value and appoints Goldman Sachs as financial advisor

Golar LNG Limited announced its Board of Directors has initiated a formal process to evaluate strategic alternatives for the Company. As previewed on the...

UK Chamber of Shipping announces Karrie Trauth as new President

The UK Chamber of Shipping has elected Karrie Trauth, Executive Vice President of Shipping & Maritime at Shell plc, as its new President at...

Flex LNG – Announces new contract for Flex Aurora

Flex LNG Ltd. announced it has agreed a new Time Charter Agreement with a minimum firm period of two years for Flex Aurora. The...

Brazilian driller wins new $465 million rig contract with Petrobras

Brazilian drilling contractor Foresea has secured a new charter agreement with state-controlled oil company Petrobras for one of its drillships to operate in the...

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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...