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Nordic American Tankers fixes suezmax for 12 months as ‘insurance policy’

Nordic American Tankers issued an announcement according to which the company has fixed one of its suezmax tankers on a 1-year charter as “insurance...

Gram Car Carriers set to raise $110m from Olso IPO

Gram Car Carriers has issued a $110m equity private placement in connection with its listing on Euronext Growth. The private placement will consist of a...

ConocoPhillips extends Solstad supply vessel charter

ConocoPhillips Skandinavia AS has exercised its option to extend present contract for the PSV Normand Supporter with 1 year. The contract is now firm...

COP26: US, Denmark & Other Nations Back Tougher Climate Target for Shipping

Denmark, the United States and 12 other countries on Monday backed a goal to reduce emissions by the global maritime sector to zero by...

Maersk to set up $136m logistics centre at Jeddah port

AP Moller-Maersk will invest $136 million over a 25-year period on an integrated logistics park at the Jeddah Islamic Port in Saudi Arabia. The...

MOL concludes Transition linked loan to finance “Gas Vitality”

Mitsui O.S.K. Lines, Ltd. announced the conclusion of a Transition linked loan, relying on a transition finance framework and the Sustainability-Linked Loan Principles, to...

Baltic index slips to 3-month low as vessel rates retreat

The Baltic Exchange’s dry bulk sea freight index declined to its lowest in nearly three months on Monday, as rates across its vessel segments...

Royal Caribbean expects profitable 2022

Royal Caribbean Group reported financial results for the third quarter of 2021 and provided business updates. The Company has worked aggressively to restart its...

Hapag-Lloyd Raises Earnings Outlook

Due to unabated global demand for container transports and the continuing disruptions in global supply-chains causing a shortage of available transport capacity, Hapag-Lloyd posted...

COP26 Summit: A Make or Break Chance To Avert Climate Disaster

The United Nations COP26 summit that starts in Glasgow this week has been billed as a make-or-break chance to save the planet from the...

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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...