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Ardmore Reports Fourth Quarter Net Income of USD 53.1 Million

Ardmore Shipping Corporation announced results for the three and twelve months ended December 31, 2022. Highlights and Recent Activity Reported net income of $53.1 million for...

HMM posts record net profit in 2022

HMM reported a net profit of 10.07 trillion won ($7.87 billion) in 2022, up 89 percent on year and beating analyst expectations thanks to...

Intermodal Weekly Market Report [W06]

China's GDP is forecast to rally 3% y-o-y and reach 5.5% following the country’s exit from its strict zero-covid policy. The elevated economic growth...

Baltic Index slumps as capesize sees worst dip in six months

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, fell to a near three-year low on Tuesday on...

HMM orders 9 methanol-powered containerships

HMM, has invited tenders from its four largest compatriot shipbuilders to build nine 8,000 teu containerships. Hyundai Heavy Industries (HHI), Samsung Heavy Industries, Daewoo Shipbuilding...

EuroDry reports USD 6.27 million net income in fourth quarter

EuroDry, an owner and operator of drybulk vessels and provider of seaborne transportation for drybulk cargoes, announced its results for the three and twelve-month...

Euronav Recommendations for General Meeting on 23 March 2023

Euronav has proposed its preferred composition of its supervisory board.

PDVSA Reaches Deal on Iranian-Built Tankers

Venezuela will contract with an Iranian shipyard to build two oil tankers under an existing construction agreement bedeviled by payment delays and difficulties with...

Golden Ocean: Acquisition of Six Newcastlemax Vessels

Golden Ocean, the world’s leading owner of large-size dry bulk vessels, announced it has entered into an agreement to acquire six modern 208,000 deadweight...

Panama Canal: New disruption charges in force

As of 1 January 2023, a new charge was added to the Panama Canal Authority (PCA) tariff item. According to the PCA advisory: The purpose of...

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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...