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Diana takes out USD 100 million loan to refinance debt maturing by May 2024

Diana Shipping announced that on April 12, 2023, it signed a term loan facility with Danish Ship Finance A/S for up to US$100 million...

HMM to Test Shipboard Carbon Capture on Containership

HMM plans to conduct field tests of an onboard carbon capture system (OCCS) for containerships in cooperation with Samsung Heavy Industries and Panasia. The tests...

China may cut oil products export quotas in second batch for 2023

China may cut quotas for refined oil products exports in a second batch for 2023 as domestic demand improves while the need to boost...

Baltic index logs best day in over 5 weeks on growing vessel demand

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, posted its biggest single-day gain since mid-March on Thursday,...

BW Offshore Sells FPSO BW Athena

BW Offshore has closed the sale of the FPSO BW Athena to an undisclosed third party. The transaction is part of BW Offshore’s strategy...

Gas Tankers Cross Crimea Bridge After 4-Month Wait

Three gas carriers loaded with butane and propane crossed the Russia-built Crimea bridge over April 12-14 after a four-month wait and set sail for...

Port of Long Beach Cargo Slows in March

Trade at the Port of Long Beach in March declined nearly one-third from the same period last year as retailers continue to clear warehouses...

Transocean, Eneti Announce Intention to Enter JV for Offshore Wind Foundation Installation

Transocean and Eneti announced the execution of a non-binding memorandum of understanding through their respective subsidiary companies indicating their intention to form a joint...

BIMCO: Second-hand crude tankers at highest values in 25 years

“Second-hand crude tanker values for five-year-old ships hit bottom levels in late 2020 and have since increased by an average 67%. Over the past...

Vale’s first-quarter iron ore output grows 5.8%

Brazilian miner Vale SA reported on Tuesday a 5.8% year-on-year increase in first-quarter iron ore production, boosted by its key S11D project. The company produced...

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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...

Block sale of existing shares in Klaveness Combination Carriers ASA completed

Reference is made to the stock exchange notice published on 2 September 2026 regarding a potential block sale of existing shares in Klaveness Combination...

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...

Hormuz shipping traffic in single digits, data shows

Vessel transits at the Strait of Hormuz fell ​slightly on Wednesday to seven, compared...

MISC launches Yayasan Maritim to shape a sustainable maritime future for Malaysia

MISC Group has launched Yayasan Maritim, Malaysia’s first dedicated maritime-focused foundation, to advance the...

Iran attacks US base in Jordan, ships near Hormuz after tankers sunk

Iran's Revolutionary Guard said it ​fired ballistic missiles at a base in Jordan used...

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...