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OPEC+ crude oil output rises but quota shortfall hits record high: Platts survey

Libya’s recovery, along with growth by core Gulf members, drove OPEC+ crude production in August to its highest since April 2020’s price war, according...

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...

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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.

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...

Celestyal announces new onboard offering for Western Mediterranean sailings

Celestyal has unveiled a new onboard programme for Celestyal Discovery’s first dedicated Western Mediterranean...

Greece and Japan enhance maritime cooperation

Minister of Maritime Affairs and Insular Policy Vassilis Kikilias held a series of meetings...

Iran’s guards say two tankers hit mines in Strait of Hormuz

Iran’s Revolutionary Guards Navy said on Saturday that two oil tankers had caught fire...

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...

A.P. Moller Capital agrees to acquire Portek International from Mitsui & Co.

A.P. Moller Capital has signed an agreement, through its A.P. Moller Capital – Emerging Markets Infrastructure Fund II, to acquire 100% of Portek International...