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The Wire

Global Ship Lease to Acquire Four Post-Panamax Containerships on Multi-Year Charters

Global Ship Lease, announced that it has agreed to purchase and charter back four 8,500 TEU Post-Panamax containerships with an average age of approximately...

Diana Shipping Announces Time Charter Contracts

Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, announced that,...

Imperial Petroleum Reports Record Net Income of $35.7 Million in Q1

IMPERIAL PETROLEUM INC. (NASDAQ: IMPP, the “Company”), a ship-owning company providing petroleum products, crude oil and dry bulk seaborne transportation services, announced its unaudited...

DSME board approves new directors, new name after acquisition gets green light

The board of Daewoo Shipbuilding & Marine Engineering (DSME) approved the new directors recommended by Hanwha and a company name change on Monday after...

EU Puts Russian Ship-to-Ship Oil Transfers in its Crosshairs

The European Union proposed prohibiting access to its ports for vessels that attempt to circumvent sanctions on Russian oil as it seeks to deter...

CMA CGM Commits to $5.5 Billion Bollore Logistics Buyout

French shipping group CMA CGM has committed to buy the logistics operations of family-run conglomerate Bollore for an enterprise value of 5 billion euros...

“The year has started well at OSG”

Overseas Shipholding Group, Inc., a leading provider of liquid bulk transportation services in the energy industry for crude oil and petroleum products in the...

Iron ore leaps on renewed hopes for steel demand revival in China

Iron ore futures rebounded strongly on Monday, with the Singapore benchmark climbing back above $100 a tonne after a downbeat start to the week,...

Odfjell posts 47 mln net result in 1Q2023

Odfjell SE reported its results for the first quarter of 2023. The report shows another strong financial quarter for Odfjell on the back of a...

Black Sea Grain Deal: No New Ships Authorized

Ukraine, Russia, Turkey and the United Nations on Friday failed to authorize any new ships under a deal allowing safe Black Sea exports of...

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Capital Clean Energy Carriers announces Q3 Financial Results

Capital Clean Energy Carriers, an international owner of ocean-going vessels, released its financial results for the third quarter ended September 30, 2024. Key Quarterly Highlights Announced...

QatarEnergy inaugurates four LNG vessels

​QatarEnergy inaugurated four new conventional-size LNG vessels built in the Samsung Heavy Industries Shipyard and the Hanwha Ocean Shipyard in the Republic of Korea...

Okeanis Eco Tankers posts USD 14.6m net income in Q3

Okeanis Eco Tankers reported its unaudited condensed financial results for the third quarter and nine-month period of 2024, which are attached to this press...

TORM reports strong Q3 perfomance

In the third quarter of 2024, TORM's time charter equivalent earnings (TCE) amounted to USD 263.4m (2023, same period: USD 244.4m). TORM realized an...

Performance Shipping reports Q3 net income of $12.4 million

Performance Shipping, a global shipping company specializing in the ownership of tanker vessels, reported net income of $12.4 million and net income attributable to...

Baltic Index gains as capesize rates rise

The Baltic Exchange’s dry bulk sea freight index rose on Thursday, supported by gains...

MSC cruises from Piraeus to mediterranean destinations in the winter season

· MSC Cruises offering first winter season with MSC Sinfonia departing Piraeus (Athens) weekly...

Baltic index rises as capesize vessel segment posts gain

The Baltic Exchange’s dry bulk sea freight index rose on Wednesday, supported by a...

CLIA names energy and transport leader as director general in Europe

Samuel Maubanc brings deep experience in climate policy and government relations leadership to the...

Hapag-Lloyd christens the “Hamburg Express” in the Port of Hamburg

The “Hamburg Express” – the eponymous flagship of Hapag-Lloyd’s “Hamburg Express” class – was...

MOL to build logistic center on Kobe’s Port Island

Mitsui O.S.K. Lines announced its decision to construct a logistics center, including two warehouses for dangerous goods and one warehouse for general cargo, on...

Piraeus Port posts record revenue and profits in Q3

PPA announces financial results for the third quarter of 2024, focusing on the financial performance and strategic developments which configures its growth. The Company continues...

CMA CGM and Marsa Maroc join forces to equip and operate container terminal in Morocco

The CMA CGM Group, a global leader in sea, land, air, and logistics solutions, signed with Marsa Maroc, a national leader in port terminal...

COSCO invests in Thailand’s largest port

COSCO SHIPPING Ports Limited announces its acquisition in 12.5% and 30% of the equity stakes in Thai Laemchabang Terminal Co., Ltd. (‘TLT’) and Hutchison...

Container throughput is the strongest climber in the port of Rotterdam in the third quarter of 2024

The throughput in the port of Rotterdam decreased by 0.4% in the first three quarters of this year. The total throughput therefore equalled 328.6...