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Bunge, Viterra will merge to form $34 billion agri-trading powerhouse

U.S. grains merchant Bunge (BG.N) and Glencore-backed (GLEN.L) Viterra are merging to create an agricultural trading giant worth about $34 billion including debt, the...

Intermodal Weekly Market Report [W23]

Last week, the Australian Bureau of Meteorology predicted that there is a 70% chance that the El Niño phenomenon will occur in the Pacific...

Iron ore rebounds on China monetary stimulus, bets on more measures

Singapore and Dalian iron ore futures rebounded on Tuesday as market sentiment improved after the central bank of the world’s top steel producer lowered...

LR clean tanker market sees sharp falls in freight rates since June 5

The Long Range clean tanker market has seen sharp declines in freight rates since June 5, due to weak refining margins, less exportable surplus...

Baltic index rises to two-week highs

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, gained on Tuesday, helped by higher rates for capesize...

BW Offshore: Closing of the sale of Espoir Ivoirien

BW Offshore has closed the transaction for the sale of the FPSO Espoir Ivoirien to its client for a total consideration of USD 20...

Grimaldi group acquires 67% Heraklion port stake

Grimaldi Euromed S.p.A. group. & Minoan Lines A.N.E announced the acquisition of 67% of the port of Heraklion, Crete at a price of 80...

Maersk secures fuel for first methanol container ship journey

Denmark's Maersk (MAERSKb.CO) said on Monday it has secured fuel for the first container vessel able to run on carbon-neutral methanol for its inaugural...

S. Korea: Shipbuilders expand benefits for foreign workers

HD Hyundai, Hanwha Ocean and Samsung Heavy Industries are in a fierce rivalry to secure foreign workers and employees specializing in R&D, amid a...

Unipec boosts Oman crude sales, caps oil prices despite Saudi cuts

China’s Unipec, the trading arm of top Asian refiner Sinopec 600028.SS, has emerged as a major seller of August-loading Oman crude this month, a...

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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...