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OOIL: Major revenue and TEU traffic increase

Orient Overseas International Line (OOIL) saw its revenues and volumes increase by 119% and 15.4% respectively in Q2 2021. In latest financial results, the company...

Suez Canal annual revenue hits record $5.84 billion

Egypt’s Suez Canal revenue rose to a record $5.84 billion in its 2020-21 financial year (July-June), up from $5.72 bln in the previous year,...

Port of Antwerp posts growth in first half of 2021

During the first six months of 2021, 120 million tonnes were transhipped through the Port of Antwerp, an increase of 5% compared with the...

‘Unfavorable factors’ clouding Hyundai Heavy – report

Hyundai Heavy Industries Group’s sub-holding company Korea Shipbuilding & Offshore Engineering (KSOE) has already fulfilled over 90 percent of its sales goal this year,...

Gibson Weekly Tanker Market Report [W27]

The 1sthalf of last year may have seen extreme fluctuations as a result of Covid-19 and the oil price war, with the past six...

Aker Solutions seals subsea contract with Aker BP

Aker Solutions ASA has been awarded a substantial contract from Aker BP ASA to provide a subsea production system for the Kobra East &...

Sovcomflot adds two LNG newbuilding having secured TotalEnergies charters

TotalEnergies has declared an option it held with Sovcomflot for two further 174,000 cbm LNG carriers. The vessels will be chartered by TotalEnergies for...

Port of Long Beach Maintains Steady Cargo Flow in June

Cargo moving through the Port of Long Beach remained strong in June as retail spending cooled down while consumers warmed up to summertime recreation...

TAQA, Abu Dhabi Ports planning mega green hydrogen to ammonia project

Abu Dhabi National Energy Company (TAQA), one of the largest listed integrated utilities in the region, and Abu Dhabi Ports, announced on Wednesday they...

Biden to Take Aim at Rail, Sea Shipping Competition

US President Joe Biden will order U.S. transportation agencies in coming days to address competition in rail and sea shipping in an effort to...

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C3is Inc. announces closing of $2 million registered direct offering

C3is Inc., a ship-owning company providing dry bulk and tanker seaborne transportation services, today announced the closing of its previously announced registered direct offering...

Panama Canal posts $5.7 bln in FY2025 revenue, transits jump 19%

The Panama Canal said revenues rose around 14.4% in its fiscal year 2025 to $5.7 billion, based on preliminary and unaudited figures, authorities said...

Trafigura secures USD3.4 billion-equivalent Syndicated Revolving Credit Facility and Term Loan Facilities

Trafigura Group Pte Ltd, a market leader in the global commodities industry, announced the closing of its new Syndicated Revolving Credit Facility and Term...

Hudson Structured Capital Management announces $719 million closing of Hudson Northern Shipping Fund V LP

Hudson Structured Capital Management Ltd., an investment manager focused on alternative assets across the Transportation and Re/Insurance sectors, announced the final closing of Hudson...

Diversification leads Top Ships to profit increase

Top Ships has earned its first revenues from entering the mega-yacht market. The company, listed on the New York Stock Exchange, announced net profits of...

Global shipping industry reaffirms support for the IMO Net Zero Framework

Leading international maritime associations and organisations reiterate our strong support for adoption by the...

Polys Hajioannou elected new president of Cyprus Shipowners’ Association

The Cyprus Shipowners’ Association (CSA) held its general assembly in Limassol earlier this week,...

BIMCO: Rate increases unlikely but USTR fees could impact 35% of key sectors’ ships

According to BIMCO Chief Shipping Analyst, Niels Rasmussen, when fees from the Office of...

Baltic climbs to one-week high on capesize, panamax strength

The Baltic Exchange’s dry bulk sea freight index, which monitors rates for vessels moving...

Baltic edges up on stronger capesize and panamax vessel rates

The Baltic Exchange’s dry bulk sea freight index, which monitors rates for vessels moving...

SC Ports appoints Mallace as President and CEO

The South Carolina Port Authority’s Board of Directors announced Micah Mallace as the agency’s next President and CEO. The vote was unanimous. Mallace assumes leadership...

Rotterdam port container traffic disrupted as lashers strike for higher wages

Lashers in Europe's largest sea port Rotterdam went on a 48-hour strike on Wednesday afternoon to demand higher wages, while Flemish harbour pilots protesting...

Port of Long Beach awarded $20 million for Pier Wind

The Port of Long Beach on Wednesday was awarded $20 million by the California Energy Commission to fund the ongoing development of Pier Wind,...

PPA S.A.: Implementation of a New Scholarship Program for the academic year 2025-2026

The Piraeus Port Authority S.A. (PPA) announced the implementation of a new Scholarship Program for the academic year 2025-2026. This is an initiative that...

Ports are key factors in the green and digital transition

In a period of geopolitical turmoil and European changes, the new president of the Hellenic Ports Association (ELIME), Apostolos Kamarinakis, is drawing up a...