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Exclusive: Qatar shuts gas liquefaction, will take weeks to restart, sources say

Qatar declared force majeure on gas exports on Wednesday amid ​the U.S.-Israeli war on Iran, with sources saying it may take at least a...

Tanker heads to UAE port via Strait of Hormuz to load oil, sources say

An oil tanker sailed through the Strait of Hormuz ​on Tuesday, heading to a United Arab Emirates ‌port to load crude in a rare...

Diana Shipping Inc. announces time charter contract for m/v Crystalia with SwissMarine

Diana Shipping Inc., a global shipping company specializing in the ownership and bareboatcharter-in of dry bulk vessels, announced that, through a separate wholly-owned subsidiary,...

Greek shipping minister warns of alarming situation in Strait of Hormuz

Greece's shipping minister on Tuesday called for the protection of global shipping and seafarers, amid an "alarming" situation that ​has left dozens of ships...

Strait of Hormuz: Traffic of vessels down 70%

The number of vessels passing through the Strait of Hormuz has dropped by 70% amid regional tension, according to Marine Traffic. Iran has not officially...

Freight rates and tanker values skyrocket

Against the backdrop of rapidly escalating developments in the Middle East, shipping markets are reacting to the crisis with significant upward pressure on rates. Freight...

Trump orders oil tanker insurance support, says Navy could escort ships in Gulf

The U.S. Navy could begin escorting oil tankers through the Strait of ​Hormuz if necessary, President Donald Trump said on Tuesday, adding he had...

UECC expands fleet with fresh order for eco-friendly PCTC newbuild pair at Chinese yard

United European Car Carriers (UECC) is further expanding its fleet of eco-friendly Pure Car and Truck Carriers (PCTCs) with the order of two additional...

Wallenius Wilhelmsen renews shipping contract with an estimated value of around USD 190m

Wallenius Wilhelmsen renews contract with a global automotive distributor with an estimated net freight value of around USD 190m during a firm period of...

Performance Shipping Inc. signs shipbuilding contracts for the construction of two newbuilding suezmax tankers

Performance Shipping Inc., a global shipping company specializing in the ownership of tanker vessels, announced that, through two separate wholly-owned subsidiaries, it has signed...

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Bahri reports first quarter 2026 results with net profit of SAR 2.15 billion

The National Shipping Company of Saudi Arabia (“Bahri” or the “Company”, 4030 on the Saudi Exchange), the Kingdom’s leading shipping and logistics provider, announced...

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...

Swedish coast guard seizes suspected false flag tanker in Baltic sea

The Swedish Coast Guard said on Sunday it had seized a tanker in the...

Trump says US operation will aid ships stranded in Strait of Hormuz

President Donald Trump said on Sunday the U.S. would start an effort on Monday...

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...

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...

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...