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ABS and HD Hyundai Group sign MOU to advance medium-voltage power systems on ships

ABS, HD Korea Shipbuilding & Offshore Engineering and HD Hyundai Heavy Industries signed a memorandum of understanding to collaborate on the technical feasibility for...

China overtakes Korea in global shipbuilding competitiveness

Korea’s shipbuilding industry was overtaken by China’s shipbuilding industry in the global competitiveness rankings, according to a report. China overtook Korea in overall competitiveness in...

Baltic index hits more than one-week low on weaker vessel rates

The Baltic Exchange’s main sea freight index that tracks rates for ships carrying dry bulk commodities slipped to a more than one-week low on...

Navios Partners reports “strongest ever” first quarter financial performance

Navios Maritime Partners L.P., an international owner and operator of dry cargo and tanker vessels, reported its financial results for the first quarter ended...

Celestyal finalises agreement with Abu Dhabi and AD Ports Group

Celestyal has signed a Memorandum of Understanding with The Department of Culture and Tourism - Abu Dhabi alongside AD Ports Group. The MOU, signed...

Investors propel copper towards two-year peak

Copper prices climbed towards the two-year highs hit last month as expectations of strong demand growth and hopes for cuts to U.S. interest rates...

Iron ore climbs as bond issuance stimulus offsets weak China data impact

Iron ore futures prices strengthened on Monday, as news of more bond issuance by Chinese authorities to spur economic growth outweighed the impact of...

Siem Offshore rebrands as Sea1 Offshore

Siem Offshore has changed its name to Sea1 Offshore. The change comes after company founder and chairman Kristian Siem departed the company earlier this...

Drewry LNG shipping equity index up 12.7% year to date

The Drewry LNG Shipping Equity Index increased 12.7% YTD (as of 2 May 2024), outperforming the S&P 500, which was up 6.2% during the...

Baltic index extends losses as larger vessel rates dip

The Baltic Exchange’s main sea freight index fell for the third consecutive session on Monday, weighed down by lower capesize and panamax vessel rates. The...

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TORM announces closing of secondary public offering of its class A common shares

TORM plc announced the closing of the previously announced secondary public offering of 6,329,874 of the Company’s Class A common shares by OCM Njord...

DryLog reports loss in FY2025

DryLog Trading posted a loss for 2025 as a weakening bulk carrier market coincided with reduced seaborne trade volumes and an environment of intense...

Nordic American Tankers – The Hansson family now collectively own 12 million NAT shares

Nordic American Tankers Ltd announced that Hansson family now collectively own 12 million NAT shares. “I am pleased to inform you that my son, Monaco...

Hafnia Limited: Mandatory notification of trade – Redelivery of borrowed shares in connection with offering

Reference is made to the stock exchange announcement published by Hafnia Limited on 24 September 2026 regarding the lending of shares by BW Group...

ZIM raises full-year 2026 guidance

ZIM Integrated Shipping Services Ltd. raised its guidance for the year ending December 31, 2026, reflecting continued strong market demand and favorable momentum in...

Attack risks rise for tankers as Iran vows to block more Hormuz routes

Tankers are facing a higher risk of attacks and intimidation as they try to...

Fragkou (Navios Maritime Partners): Shipping must stay resilient amid global trade shifts

The major shifts reshaping global trade and shipping were highlighted by Angeliki Frangou, chairman...

Panama Canal announces new long-term slot allocation program for the Neopanamax and Panamax Locks

The Panama Canal announced a new phase of its Long-term Slot Allocation (LoTSA) program,...

Hyundai Glovis, LGL team up to explore SMR-powered car carriers for Korea-US routes

Hyundai Glovis said Tuesday it has teamed up with US logistics firm Liberty Global...

DP World expands contract logistics network in Thailand with new Bang Na distribution center

DP World announced the opening of a new contract logistics distribution centre in Bang...

Savannah achieves record container volumes in September

The Port of Savannah achieved a record September for container volumes, moving 504,015 twenty-foot equivalent container units last month, an increase of 3.7 percent...

PCT: Revenue holds firm despite lower throughput

The Piraeus Container Terminal (PCT) Sustainability Report recorded a 12% improvement in financial performance, despite a 5.95% decline in container throughput, highlighting progress in...

PPA S.A. shows resilience; €106.7 million in investments

Piraeus Port Authority S.A. (PPA S.A.) announced its financial results for the first half of 2026, highlighting resilient revenue performance and a smaller year-on-year...

A.P. Moller Capital to buy majority stake in ports operator Euroports

A.P. Moller Capital, the infrastructure investment arm ​of Denmark's A.P. Moller Group, ‌said on Monday it had agreed to acquire a majority ​stake in...

Thessaloniki Port Authority: Revenue up 8.9% to €58m in H1 ’26

Thessaloniki Port Authority S.A. (ThPA S.A.), a member of the Core Network of the Trans-European Transport Network and a port of international significance, announced...