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Stena Drilling announce new contract with Shell

Stena Drilling announced that a new contract has been signed with Shell UK Ltd. for the Mobile Offshore Drilling Unit (MODU), Stena Don. The work...

ONE Posts Record First Quarter Profit

ONE’s 1st quarter results for FY2022 is a record profit of US$5,499 million, an increase of US$2,940 million from the same period last year. •...

Gibson Weekly Tanker Market Report [W30]

Over the past few years tanker owners have watched containership values surge to unbelievable levels, whilst their own values have struggled against a backdrop...

Seafarer shortage stands in way of Ukraine grain corridor

Finding enough seafarers willing to sail ships stuck inside Ukraine’s ports is set to pose a major challenge to the proposed grains corridor designed...

Europe’s new trade flows for coal shaping up as import ban on Russia looms

With the flow of Russian coal to Europe coming to a final end, buyers jostling for alternatives are increasingly in favor of tapping non-traditional...

Navios Partners Reports $118.2 Million Net Income in Q2

Navios Maritime Partners L.P. reported its financial results for the second quarter and six month period ended June 30, 2022. Angeliki Frangou, Chairwoman and Chief...

Performance Shipping: Time Charter Contract for M/T Blue Moon With Teekay

Performance Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Teekay Chartering Limited, for one of...

Keppel Profit Rises Amid Rebound in Offshore and Marine Unit

Singaporean conglomerate Keppel Corp on Thursday reported a first-half profit that rose 66%, helped by higher earnings across most of its main businesses and...

Diana Shipping sees profit increase in second quarter

Diana Shipping reported net income of $35.6 million and net income attributed to common stockholders of $34.2 million for the second quarter of 2022....

Costamare posts record second quarter results, plans investment

Costamare reported unaudited financial results for the second quarter (“Q2 2022”) and six-months ended June 30, 2022. I. RECORD PROFITABILITY IN A SECOND QUARTER...

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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...