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OceanPal announces entry into support agreement with Sphinx Investment Corp.

OceanPal announced that it has entered into a Support Agreement with Sphinx Investment Corp. an affiliate of George Economou, which owns approximately 14.1% of...

Houthis strike M/T Wind in Red Sea

At approximately 1 a.m. (Sanaa time) May 18, Iranian-backed Houthis launched one anti-ship ballistic missile (ASBM) into the Red Sea and struck M/T Wind,...

Seadrill enters agreement to sell its Qatar jack-up fleet and expands share repurchase program

Seadrill Limited announced that it has entered into a definitive agreement to sell three jack-up rigs—the West Castor, the West Telesto and the West...

Houthis threaten all ships heading to Israel

All ships heading to Israeli ports will be targeted by Yemen’s Iran-backed Houthis and not just in the Red Sea region, the group’s leaded...

DP World boosts European trade with €130m investment in Romania

DP World has opened three major new sites in Romania, providing a significant boost to the country’s growing status as a key hub of...

Samsung Heavy unveils eco-friendly ships, AI tech in Europe

Samsung Heavy Industries Co., South Korea’s second-largest shipbuilder, showcased new eco-friendly ships and digital vessel technology for net zero in Europe to expand its...

China iron ore imports likely at peak, demand composition to shift

China’s demand for imported iron ore has most likely peaked, but the composition of future imports are likely to shift as the world’s biggest...

Baltic index hits near two-week low as vessel demand dips

The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, slipped to its lowest level in nearly two...

Seanergy posts Q1 results; reveals capesize acquisition

Seanergy announced its financial results for the first quarter ended March 31, 2024. The Company also declared a quarterly cash dividend of $0.025 per...

Hapag-Lloyd with good start to 2024 in first quarter of year

Hapag-Lloyd concluded the first quarter of 2024 with a Group EBITDA of USD 942 million (EUR 868 million). Compared to the same quarter of...

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TORM announces secondary public offering of its class A common shares by a selling shareholder

TORM plc announced the commencement of a secondary public offering of 9,000,000 of the Company’s Class A common shares by OCM Njord Holdings S.à...

TEN sees 300% plus increase in 6-month net income; record 1H revenues

TEN reported results (unaudited) for the six months and the second quarter ended June 30, 2026. FIRST HALF 2026 SUMMARY RESULTS TEN's fleet generated record gross...

Samsung seeks $186 million from CMA CGM in landmark FMC complaint

Samsung Electronics America (SEA) has filed a formal complaint against CMA CGM with the US Federal Maritime Commission (FMC), demanding at least $186 million...

Safe Bulkers: Completion and pricing of private placement of common stock

Safe Bulkers, Inc., an international provider of marine drybulk transportation services, announced today that it has successfully placed 12,000,000 new shares of common stock...

Scorpio Tankers announces updates on third quarter 2026 TCE rates and time charter-out agreements

Scorpio Tankers Inc. announced today an update on its third quarter of 2026 average daily Time Charter Equivalent rates and that it has entered...

M/MARITIME: Focus on Greek-Japanese maritime ties

The close shipping ties between Greece and Japan were highlighted at a meeting at...

Greek ferry sector ‘battered’ by soaring fuel costs

The Greek ferry sector is being squeezed by soaring fuel costs, with the price...

Strait of Hormuz ship crossings remain in single digits, data shows

Vessel transits through the Strait of Hormuz ​remained in the single digits at four...

DP World handles record BYD new energy vehicle shipment to Chile

DP World has handled the largest single maritime delivery of new energy vehicles to...

Seanergy Maritime CFO focuses on delivering real value in practice

Stavros Gyftakis, CFO of Seanergy Maritime Holdings and CFO and Director of United Maritime...

Port of Los Angeles posts best three-month cargo stretch in its history

Port of Los Angeles waterfront workers processed  955,907 Twenty-Foot Equivalent Units (TEUs) in August, capping the busiest three consecutive months in Port history. More...

ATI and DP World commission six new hybrid cranes at manila South Harbour

Strategic partners DP World and Asian Terminals Inc. (ATI) have commissioned six state-of-the-art hybrid Rubber-Tyred Gantry (RTG) cranes at Manila South Harbour (MSH), strengthening...

PCT S.A.: New customs licence for cargo arriving by rail

A step towards enhancing the operational efficiency of the Piraeus Container Terminal is the granting of an Authorised Consignee licence to PCT S.A. by...

ZIM: Updated freight rates from Mediterranean & Black Sea ports

Updated Freight Rates from all Mediterranean ports & Black Sea ports to all USEC & Gulf, Puerto Rico, Canada, Mexico, Caribbean & South America...

Chandra Asri Group opens access to CPN public terminal

PT Chandra Pelabuhan Nusantara (CPN), a subsidiary of PT Chandra Asri Pacific Tbk (Chandra Asri Group), has officially obtained the Business License for the...