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Maersk cutting at least 10,000 jobs as shipping boom unravels

A.P. Moller-Maersk, reported a steep drop in third-quarter profit and revenue on Friday and said it would cut at least 10,000 jobs in the...

Biden Administration Invests Over $650 mln in US Ports to Strengthen Supply Chains

The U.S. Department of Transportation’s Maritime Administration (MARAD) announced over $653 million to fund 41 port improvement projects across the nation under the Port...

Britain To Legislate For Annual North Sea Oil And Gas Licence Rounds

The British government plans to legislate to mandate annual North Sea oil and gas licensing rounds, in a move Prime Minister Rishi Sunak says...

Royal Caribbean Alters 2024 Cruise Itineraries To Avoid Israel

Royal Caribbean Group is removing Israel from its 2024 itineraries due to the Israel-Hamas war, according to an email sent to travel agents on...

Shipbuilding: LNGC orders to rise, revenue to grow

Combined new orders for the three major domestic shipbuilders in 2023 are expected to exceed guidance. Orderbooks should expand in 2024, led by strong...

Matson performs well in challenging environment

Matson reported net income of $119.9 million, or $3.40 per diluted share, for the quarter ended September 30, 2023.  Net income for the quarter...

Sale of Höegh Bangkok and purchase of Höegh Jacksonville

Höegh Autoliners ASA, has reached an agreement for the sale of the vessel Höegh Bangkok (IMO 931847) for a price of USD 63,000,000. Höegh...

INTERCARGO meets in Athens and celebrates record membership

Members of INTERCARGO met in Athens last week for the Association’s Annual General Meeting, Executive Committee and Technical Committee meetings, with record attendance observed...

Russian wheat export prices flat last week, demand muted

Russian wheat export prices were flat last week amid muted demand from importers, yet dwindling supply from farmers, after a prolonged price slump, analysts...

Baltic index extends losses for 8th session on weaker vessel rates

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, fell for the eighth straight session on Monday, dragged...

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UK P&I Club and TT Club announce the successful completion of their joint acquisition of the Thomas Miller Holdings group

The UK P&I Club and TT Club announced the successful completion of their joint acquisition of the Thomas Miller Holdings group, marking a major...

Nakilat achieves QAR 1.29 billion net profit for the third quarter of 2026

Qatar Gas Transport Company Q.P.S.C. (Nakilat) announced its consolidated financial results for the third quarter of 2026 ended 30 September 2026, with a net...

Navios Maritime Partners remains focused on investment

Navios Maritime Partners, controlled by Angeliki Frangou, is focusing on disciplined capital allocation, fleet diversification and maintaining a strong balance sheet in a shipping...

Capital Tankers announces successful delivery of dual fuel suezmax tanker & new financing arrangements

Capital Tankers, an international shipping company focused on crude oil transportation, provided an update on its fleet and financing status. Delivery of Dual Fuel Suezmax...

Capital Maritime Finance: Strong investor response opens a new chapter for shipping in Athens

Capital Maritime Finance Corp. (CMF) has successfully completed its public offering, attracting exceptionally strong interest. Total bids amounted to approximately €1.1 billion, making the offering...

Russia says it hit two cargo vessels and Ukrainian logistics hubs

The Russian Defence Ministry said on Sunday that its drones had struck a cargo...

RINA: Paolo Moretti appointed Group Chief Executive Officer

RINA S.p.A.’s new Board of Directors appointed Paolo Moretti, currently General Manager, as Group...

Seven Yield agrees charter deal for sisterships

Seven Yield has agreed five-year time charters for two pure car and truck carriers...

«Shaping the future of cruise tourism in Greece»: MSC group’s cruise division in Corfu

Representatives of the government, local authorities, port authorities and the tourism industry met on...

Iran’s IRGC Navy says seven vessels hit, warns US of wider response

Iran's Islamic Revolutionary Guard ​Corps Navy said ‌on Thursday that four vessels involved ​in...

CPP Investments and OMERS reach agreement to sell entire stakes in associated British Ports to a fund managed by IFM Investors

Canada Pension Plan Investment Board and OMERS today announced they have agreed to terms with a fund managed by IFM Investors to sell each...

MPA and China classification society strengthen partnership for a greener, smarter maritime future

The Maritime and Port Authority of Singapore (MPA) and the China Classification Society (CCS) have renewed their Memorandum of Understanding (MOU) to strengthen collaboration...

AD Ports Progressing in Reducing Emissions Intensity of Operations

AD Ports Group announced the release of its 2025 Sustainability Report, in which it highlights significant progress in its decarbonisation plans, including a 6%...

Container throughput at Piraeus’ Terminals II and III rises 15.3% in September

Container throughput at Terminals II and III at the port of Piraeus rose by 15.3% in September, despite many containerships continuing to divert around...

Piraeus Port Authority hosts Chinese delegation from ports, shipping and logistics sectors

The Piraeus Port Authority (PPA) welcomed a delegation of professionals from China’s ports, shipping and logistics sectors as part of a knowledge and experience...