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Korean shipyards climb back to the peak in global order book

South Korea bounced back to No.1 position in global ship orders in October on the surging global trade volume. Korean shipyards brought home the...

Performance Shipping posts Q3 net loss

Performance Shipping reported a net loss from continuing and discontinued operations attributable to common stockholders of $2.2 million for the third quarter of 2021,...

MOL to trial a hydrogen-fuelled engine

Mitsui O.S.K. Lines, Ltd. (MOL), MOL Drybulk, Ltd., and Japan Engine Corporation (J-ENG) announced the signing of a basic agreement to cooperate in a...

Port of Newcastle looks to develop green hydrogen hub

Australia’s deepwater global gateway, Port of Newcastle, is partnering with Macquarie Group’s Green Investment Group and the Commonwealth Government’s Australian Renewable Energy Agency (ARENA)...

Danaos posts record Q3 profits

Danaos, one of the world’s largest independent owners of containerships, reported unaudited results for the period ended September 30, 2021. Highlights for the Third Quarter...

Iron ore rebounds but struggles below $100/T on weak China demand

Iron ore futures eked out gains in volatile trade on Monday following a string of losses, but benchmark prices struggled under $100 a tonne...

Baltic index steady as higher capesize rates offset dip in smaller segments

The Baltic Exchange’s dry bulk sea freight index was little changed on Monday as an uptick in the larger capsize segment countered a dip...

Greener shipping summit opens Tuesday

This year’s Greener Shipping Summit opens at 9 a.m. on Tuesday as a hybrid event. The theme of the conference is “Moving fast on...

Biden To Visit Port Of Baltimore To Discuss Infrastructure Bill

U.S. President Joe Biden will visit the Port of Baltimore on Wednesday to discuss how the $1 trillion infrastructure bill passed by the U.S....

Qatar orders six LNG ships from Korean shipyards amid expansion plans

QatarEnergy has ordered six LNG ships from two South Korean shipyards, the first batch under a 2020 agreement, as the Gulf state seeks to...

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Bahri reports first quarter 2026 results with net profit of SAR 2.15 billion

The National Shipping Company of Saudi Arabia (“Bahri” or the “Company”, 4030 on the Saudi Exchange), the Kingdom’s leading shipping and logistics provider, announced...

Subsea 7 S.A. announces first quarter 2026 results

Subsea 7 S.A announced results of Subsea7 Group (the Group, Subsea7) for the first quarter which ended 31 March 2026.  Highlights   • First quarter Adjusted EBITDA...

Pacific International lines delivers resilient earnings in FY2025

PIL Pte Ltd announced its financial results for the fiscal year ended 31 December 2025. The Group delivered net profit after tax of US$1.04...

ONE delivers profitable full-year result, despite volatility

Ocean Network Express has announced its financial results for FY2025 (April 2025 to March 2026). Revenue for 4Q FY2025 was US$4,042 million, bringing the total...

MOL sees sharp net profit drop

Mitsui O.S.K. Lines (MOL) has reported net profit attributable to shareholders amounting to JPY 213.2bn ($1.3bn), down 49.9% from JPY 425.4bn a year earlier. Ordinary...

Swedish coast guard seizes suspected false flag tanker in Baltic sea

The Swedish Coast Guard said on Sunday it had seized a tanker in the...

Trump says US operation will aid ships stranded in Strait of Hormuz

President Donald Trump said on Sunday the U.S. would start an effort on Monday...

Celestyal launches one-day flash sale with fares from 179€

Celestyal has announced a one-day-only flash sale, offering limited-time fares across a selection of...

Tamara de Gruyter, President, Wärtsilä Energy Storage and Executive Vice President to continue her...

Tamara de Gruyter, President, Wärtsilä Energy Storage and Executive Vice President, and a member...

Celestyal launches ‘The Iconic Sale’ with fares from €499

Celestyal has launched its new ‘Iconic Sale’, offering savings across its full Mediterranean and...

Stable cargo flows in the Port of Gothenburg despite mixed first-quarter performance

Container handling in the Port of Gothenburg continues to show positive development in terms of loaded cargo volumes. At the same time, the share...

PPA: Investment of 3.25 million euros

Piraeus Port Authority S.A. (PPA) announced the launch of works for the development of a new park featuring a model playground and a cycling...

Piraeus Port is resilient – Record performance and investments of 1.4 billion euros

The resilience and growth prospects of the Port of Piraeus, despite heightened geopolitical turbulence affecting shipping and transport, were highlighted by the Deputy CEO...

Panama Canal says $1 million-plus auction slots reflect temporary surge in demand

The Panama Canal Authority said on Thursday that some ships had recently paid more than $1 million for crossing slots at auction, but ​said...

Throughput in the port of Rotterdam remains stable, with a slight decline of 0.7%

Throughput at the port of Rotterdam fell slightly by 0.7% in the first quarter of 2026 compared with the same period last year. Throughput...