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Gibson Weekly Tanker Market Report [W36]

The IMO’s carbon intensity indicator (CII) and Energy Efficiency Existing Ship Design Index (EEXI) will come into effect on 1st of January 2023...

Ardmore Shipping to consider building methanol-fueled tankers

Leading tankers’ major, Ardmore Shipping may consider ordering new ships with an option to run on methanol fuel, a senior company executive told S&P...

Jinhui Shipping invests in two ultramaxes

Jinhui Shipping and Transportation has acquired two 2014-built ultramaxes from Nisshin Shipping at a price of approximately 25.37m each. The 63,518 dwt Western Santos...

MSC takes action to reduce risk of container loss

At the SMM trade fair in Hamburg, classification society DNV and global container shipping line MSC Mediterranean Shipping Company (MSC) signed a contract to...

Scorpio Tankers buys back eight ships

Scorpio Tankers has exercised purchase options on eight ships, namely two handymax product tankers, the STI Battersea and STI Wembley, as well as four...

Two-Tier Market Emerges as Container Spot & Contract Rates Diverge

A two-tier market within the container shipping sector is opening up as spot rates in key trades collapse. Carriers that focused on quoting spot rates...

Launch of Wärtsilä 25 engine to aid maritime decarbonisation

The technology group Wärtsilä introduces its new Wärtsilä 25 medium-speed 4-stroke engine. Based on Wärtsilä’s highly successful modular technology platform, this latest addition to...

Putin casts doubt over Ukraine grain deal

President Vladimir Putin said on Wednesday he wanted to discuss reopening a U.N.-brokered deal that allows Ukraine to export its grain via the Black...

China’s August iron ore imports rise 5.5% from prior month -customs

China’s imports of iron ore in August rose 5.5% from the prior month, customs data showed on Wednesday, even as operating rates at blast...

Baltic sea freight index firms on panamax strength

The Baltic Exchange’s main sea freight index firmed on Wednesday as a jump in rates for the panamax segment offset declines in larger capesizes. The...

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Okeanis posts strong profit in 1Q2026

Okeanis Eco Tankers Corp. reported its unaudited condensed financial results for the first quarter of 2026. Financial performance of the First Quarter Ended March 31,...

NORDEN reports net profit of USD 11 million (DKK 72 million) in Q1 2026

The net profit for the Group amounted to USD 11 million (DKK 72 million) in Q1 2026, driven by strong Tanker performance but offset...

Teekay Tankers reports 1Q2026 results; and declares dividends

Teekay Tankers reported the Company's results for the three months ended March 31, 2026 and announced that its Board of Directors has declared its...

Costamare Bulkers: Q1 adjusted net income comes in at USD 12.4 mln

Costamare Bulkers Holdings Limited reported unaudited financial results for the first quarter ended March 31, 2026 (“Q1 2026”). Financial Highlights1 and Operational Updates 1. PROFITABILITY -...

TORM plc Q1 2026 results, dividend distribution, and financial outlook 2026

Financial Results In the first quarter of 2026, TORM generated time charter equivalent earnings (TCE) of USD 286m (2025, same period: USD 214m). EBITDA for...

IMO Maritime Safety Committee convenes in London to discuss safety and security of international...

IMO Secretary-General Arsenio Dominguez opened the 111th session of the Maritime Safety Committee of...

Polish Shipping Association newest member of the International Chamber of Shipping

The International Chamber of Shipping (ICS) is pleased to announce the Polish Shipping Association...

Celestyal becomes the first cruise company in Greece to receive SETE’s METRON sustainable tourism...

With an exceptionally high overall ESG score of 93.33% and strong performance across the...

Melina Travlou on Posidonia 2026: Shipping as a force of stability and cohesion

“In an era of geopolitical realignments, uncertainty and multiple crises, shipping remains a force...

UK to contribute drones, jets and warship to Multinational Mission to secure the Strait...

Defence Secretary announced UK contribution to Strait of Hormuz mission at virtual summit of...

Port of Thessaloniki: Investment in Pier 6 remains on track

According to the management of Thessaloniki Port Authority (ThPA), the expansion project of Pier 6 is progressing as planned and is expected to be...

Israeli port and shipbuilding industry high-level delegation visits Piraeus Port Authority

A high-level meeting focusing on Eastern Mediterranean geopolitical developments and the emerging India–Middle East–Europe Economic Corridor (IMEC) was held at the Port of Piraeus...

APM Terminals Japan signs agreement to decarbonise operations in Yokohama

APM Terminals Japan, a Maersk Group company, has signed a long term offsite corporate Power Purchase Agreement with FPS Inc., sourcing renewable electricity to...

Piraeus Port Authority shows strong resilience despite geopolitical tension

Piraeus Port Authority announced that despite volatility in global logistics driven by geopolitical tensions in the Middle East, the company demonstrated significant resilience, maintaining...

AD Ports Group, CMA Terminals Khalifa Port, and CMA CGM Group sign MoU to extend inland reach across the UAE and wider region

AD Ports Group, a leading global enabler of integrated trade, industry and logistics solutions, today signed a Memorandum of Understanding (MoU) with CMA Terminals...