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Transocean Announces Harsh Environment Contract Award and Extension Totaling $113 Million

Transocean announced contract fixtures for two of its harsh environment semisubmersibles. Together, the fixtures represent approximately $113 million in firm contract backlog. Transocean Endurance was...

TORM announces secondary public offering of Class A common shares

TORM announced the commencement of a secondary public offering of 5,000,000 of the Company’s Class A common shares by OCM Njord Holdings S.à r.l.,...

Cargill to Halt Grain Exports from Russia

Cargill said on Wednesday it would take a further step back from the Russian market by stopping handling Russian grain from its export terminal...

Wartsila sees role for ethanol in fragmented bunker fuel landscape

Wartsila is seeing a potential role for ethanol in the shipping industry’s multi-fuel future, with shipowners struggling to find suitable future fuels to reduce...

Baltic index ticks up on firm demand for larger vessels

The Baltic Exchange’s main sea freight index edged up on Wednesday on higher rates for capesize and panamax vessel segments. The overall index, which factors...

South Korea’s reliance on Saudi crude on track to reach 18-year high in 2023

South Korea is increasingly relying on Saudi crude oil, with the world’s fourth biggest crude importer taking more than a third of its total...

Seaspan Announces Completion of Acquisition of Atlas by Poseidon Acquisition Corp.

Seaspan, a wholly owned subsidiary of Atlas Corp., announced that the Company and Poseidon Acquisition Corp. an entity formed by certain affiliates of Fairfax...

Lomar Appoints Marius Bujor As Technical Director

Lomar Shipping, the shipping subsidiary of the Libra Group, has announced the appointment of Marius Bujor as its new Technical Director. Based in the...

EXMAR Reports Improved 2022 Results

During its meeting of 28 March 2023, the Board of Directors of EXMAR reviewed the results for the year ending 31 December 2022. HIGHLIGHTS 2022 ·...

China’s 2023 crude oil imports set for 6.2% rise, but risks prevail

China’s crude oil imports will average 10.8 million barrels per day (bpd) in 2023, matching the previous record high from 2020, according to the...

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Wallenius Wilhelmsen delivers another strong quarter

Wallenius Wilhelmsen continued a steady course through Q3, reporting an adjusted EBITDA of USD 471m. Total revenue for Q3 was USD 1,331 and adjusted EBITDA...

Ardmore Shipping Corporation announces financial results for the three and nine months ended September 30, 2025

Ardmore Shipping Corporation announced results for the three and nine months ended September 30, 2025. Highlights and Recent Activity Reported Adjusted earnings of $12.6 million and...

Navigator Gas announces preliminary third quarter 2025 results

Navigator Gas announced preliminary third quarter 2025 results. Third Quarter Financial Highlights On November 4, 2025, the Board of Directors of Navigator Holdings Ltd., (NYSE: NVGS)...

ONE reports $285M Q2 profit; forecasts 2H loss

Ocean Network Express (ONE) has released its financial results for FY2025 2nd quarter (July 2025 to September 2025). The revenue for FY2025 2nd quarter was...

Costamare posts Q3 profit; expands fleet

Costamare Inc. reported unaudited financial results for the third quarter and nine-month period ended September 30, 2025. Discontinued operations as a result of Costamare Bulkers...

Suez Canal Authority denies role in detention of sanctioned Russian tanker

In response to circulating news reports regarding the Suez Canal Authority's detention of the...

Baltic Index rises to two-week high on stronger capesize and panamax rates

The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry...

Baltic Index rises on firmer capesize rates

The Baltic Exchange’s main sea freight index, which measures rates for ships carrying dry...

Baltic Index hits over three-week low as vessel rates weaken across segments

The Baltic Exchange’s main sea freight index, which measures rates for ships carrying dry...

Baltic Index Extends Gains On Rising Capesize Prices

The Baltic Exchange’s dry bulk sea freight index, which monitors rates for vessels moving...

A.P. Moller – Maersk strengthens its ties with India

Maersk and APM Terminals deepen their commitment at the India Maritime Week 2025 by announcing the intent to invest in port infrastructure and explore...

Throughput at the Port of Rotterdam falls slightly in the first nine months of 2025

Total throughput in the port of Rotterdam fell slightly by 2.6% in the third quarter of 2025 compared to the same period last year....

Piraeus Port sees revenue increase in 1H2025

PPA S.A. announced its financial results for the first half of 2025, reporting an increase in revenue and profitability, in a period that continues...

Major new $131 million expansion announced for Port of Mobile container terminal

Port officials have announced plans for yet another expansion to Mobile’s container terminal, capitalizing on a recently completed project to widen and deepen the...

Panama Canal begins industry engagement for the development of port terminals

The Panama Canal launched a consultation process with representatives of the maritime industry to identify potential partners interested in developing port terminals on both...