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Russia to cut oil exports by 500,000 bpd in August, oil rises

Russia will cut oil exports by 500,000 barrels per day (bpd) in August, President Vladimir Putin’s point man on oil said on Monday, as...

Torvald Klaveness, Marubeni embark on new phase of partnership

After three successful years as joint partners of Baumarine by MaruKlav, the world's largest Panamax Pool, both parties are excited to reveal the signing...

Crowley Acquires Tamarind Consolidated

Crowley has acquired Tamarind Consolidated, a logistics services company serving the U.S. to the British Virgin Islands in a merger enhancing end-to-end supply chain...

Seaway7 awarded offshore wind contract in UK

Subsea 7 S.A. confirmed the award to Seaway7, part of the Subsea7 Group, of a very large contract by ScottishPower Renewables for the transport...

Panama Canal To Keep Limits In Place As Drought Hits Lake Levels

The Panama Canal will likely keep restrictions on shippers in place this year as a drought has caused water levels at its main lake...

Shipping Industry Faces Net Zero Emissions Target, Draft Plan Reveals

Shipping’s global regulator is closing in on a new target of net zero emissions by 2050, inching the industry closer to alignment with the...

Slow tanker fleet growth, robust crude trade signal strong H2 2023 freight outlook

Surging Chinese oil demand, a lingering war in Ukraine, record-low order book and robust crude trade flows have led to a bullish outlook for...

Celestyal reveals new ship Celestyal Journey

Celestyal has unveiled the long-awaited details of its new ship, Celestyal Journey, following its extensive multimillion refurbishment and technical overhaul. The ship’s name embodies the...

United Maritime: Sale of Remaining Tanker; Acquisition of Panamax Vessel

United Maritime Corporation, announced that it has entered into an agreement with an unaffiliated third party for the sale of its remaining LR2 tanker...

Dalian iron ore scales 15-week peak on China stimulus hopes

Dalian iron ore futures climbed to their highest levels in 15 weeks on Thursday, underpinned by renewed optimism around prospects of further stimulus to...

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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...

Nordea posts 3Q2026 financial results

Nordea released its third-quarter financial results.

«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...

Panama Canal reports growth in transits and tonnage in fiscal year 2026

The Panama Canal recorded growth in both vessel transits and tonnage in Fiscal Year...

Trump’s plan to revive sanctioned tankers faces tough sell

A US plan to rehabilitate sanctioned tankers to boost oil supply may attract only...

Hormuz could be ‘redundant’ in five years, replaced by new routes, HSBC CEO says

Investment in alternative logistics routes in the Gulf to mitigate the impact of ​the...

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...