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Solstad Offshore ASA signs newbuild contract with CIMC Raffles

The shipbuilding contract for our recently announced newbuild vessel has now been officially signed. CIMC Raffles has been selected as the shipyard and the vessel...

Oaktree Capital plans further reduction of stake in Torm

Oaktree Capital Management, a US private equity firm, is planning to further decrease its ownership in Danish product tanker operator Torm. According to a...

Poland to expand Gdansk floating LNG terminal with second FSRU

Poland will add a second regasification vessel at the floating liquefied natural gas terminal it is building in Gdansk amid ample interest from shippers,...

Dorian LPG Ltd. announces VLGC newbuilding contract, forward chartering estimates and memorandums of agreement to sell three VLGCs

Dorian LPG Ltd., a leading owner and operator of modern very large gas carriers (“VLGCs”), announced that it entered into an agreement with HD...

Celestyal strengthens Rhodes and Agios Nikolaos on the cruise map: New momentum for Greek cruising with strategic partnerships and a strong destination impact

The return of Rhodes to Celestyal’s 7-night itineraries and the inclusion of Agios in the company’s programme as a regular port of call highlight...

PPA S.A.: Supporting HELMEPA’s mission through the creation of the new “HELMEPA HOME” in Piraeus

PPA S.A. announces with great satisfaction its cooperation with the Hellenic Marine Environment Protection Association – HELMEPA, supporting the creation of the new “HELMEPA...

FORTESCUE and CMB.TECH sign milestone agreement for 12 ammonia bulkers to accelerate zero-emissions shipping

CMB.TECH NV and Fortescue have signed a milestone agreement for the charter of up to 12 ammonia-capable vessels, marking a significant step towards decarbonising...

John Denholm appointed chairman of the International Chamber of Shipping

The Board of the International Chamber of Shipping (ICS) has unanimously elected John Denholm CBE as Chairman of the Board. The decision was made by...

Taekwang consortium’s bid for K Shipbuilding falls through over terms

A consortium led by Taekwang Industrial (003240.KS) has failed to acquire mid-sized shipbuilder K Shipbuilding, formerly STX Offshore & Shipbuilding. Regarding the acquisition negotiations, Taekwang...

OCIMF appoints Chevron’s Don Davis as managing director

The Oil Companies International Marine Forum (OCIMF) has appointed Chevron general manager of global marine assurance Don Davis as its new managing director. Mr Davis...

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TotalEnergies completes the transfer of its 10% interest in Arctic LNG 2

As mentioned on the occasion of the presentation of the 2nd Quarter 2026 Results, TotalEnergies confirms that the transfer of its 10% interest in...

Orient Overseas Limited announces 2026 interim results

Orient Overseas (International) Limited Announced 2026 Interim Results​. Group Revenue of US$5,173 million Group EBIT of US$728 million Group EBITDA of US$1,255 million Operating Cash Flow of US$819 million Profit Attributable to...

BW LPG Limited – Financial results for Q2 2026

BW LPG reported another strong quarter in Q2 2026. Highlights Q2 2026 Financial performance Q2 2026 profit attributable to equity holders of the Company was US$120...

Frontline reports “best quarterly profit ever”

Frontline plc reported unaudited results for the six months ended June 30, 2026: Highlights Reported the best quarterly profit ever of $659.2 million, or $2.96 per...

EXMAR announces half year 2026 results

 EXMAR Shipping delivered a resilient first-half performance despite geopolitical uncertainty, evolving regulations and changing trade flows. The segment reported stable revenue year-on-year in challenging...

Two killed in oil tanker fire off South Korea, Yonhap reports

Two crew people were killed on ​Thursday after a fire ‌broke out aboard an...

Shipping traffic through Strait of Hormuz rises slightly, data shows

Shipping traffic at the Strait of Hormuz rose slightly even as a geopolitical standoff...

TORM announces Q2 2026 results, dividend distribution, and financial outlook 2026

In the second quarter of 2026, TORM (Nasdaq: TRMD or TRMD A) generated time...

Iran and Oman discuss temporary Hormuz corridor as impasse with US drags on

Iran said it had restarted talks ​with neighbor Oman to manage the Strait of...

Panama Canal auction hits new record at $5.3 million

A shipper needing to transit the Panama Canal bid a record $5.3 million to...

PPA: New framework for investments in ports and logistics

Piraeus Port Authority (PPA) has expanded its scope of business activity following shareholders’ approval of amendments to the corporate charter, paving the way for...

Piraeus container traffic shows signs of recovery as ships return to Suez Canal

Signs of improvement are emerging in container traffic at Terminals II and III at the Port of Piraeus, as the gradual return of containerships...

Port of Los Angeles posts second-best July on record, cargo volume remains strong

The Port of Los Angeles processed 960,464 Twenty-Foot Equivalent Units (TEUs) in July, making it the second-busiest July in the Port’s history. The strong...

Announcement of Notification to Submit a Voluntary Conditional ‎Cash Offer to Acquire AD Ports Group Shares

AD Ports Group, a leading global facilitator of trade, ‎logistics, and industry, announces that it has received a notification from L’IMAD Holding Company PJSC...

DP World Expands Cold Chain Capabilities With New €48m Antwerp Hub

DP World will build a new temperature-controlled logistics hub in the Port of Antwerp. The project begins with an initial investment of EUR 48...