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Baltic index slips for third day on weak capesize rates

The Baltic Exchange’s dry bulk sea freight index fell for a third straight session on Tuesday as a decline in capesize rates outweighed gains...

Iron ore retreats on China steel output curbs, demand pessimism

Iron ore futures fell on Tuesday, with the Singapore benchmark retreating more than 7% after a four-day rally and Dalian contracts erasing early gains,...

Dubai’s DP World, Britain’s CDC to jointly invest in Africa

Dubai’s ports giant DP World and Britain’s development finance agency CDC Group on Tuesday said they had agreed to jointly invest in transport and...

Intermodal Weekly Market Report [W40]

Following up on our insight on May 2021, where we discussed about the Capesize market outlook for the second half of the year, we...

Chevron Sets Net Zero Aspiration and New GHG Intensity Target

Chevron Corporation (NYSE: CVX) issued an updated climate change resilience report that further details the company’s ambition to advance our lower carbon future. Chevron...

Seadrill Stakeholders Vote to Accept Reorganization Plan

Seadrill has announced the voting results for its plan of reorganisation. All voting classes of stakeholders accepted the Plan, including all 12 credit facilities...

Russia’s wheat exports fall 12% on year to 12.8 mil mt

Russia’s wheat exports were 12% lower on the year at 12.8 million mt as of Oct. 7 for the 2021-22 (July-June) marketing year, the...

Golden Ocean: Sale of two Panamax vessels; agreement to build four Kamsarmax vessels

Golden Ocean, one of the world’s largest listed dry bulk shipowners, announced the sale of two older Panamax vessels, Golden Opportunity and Golden Endurer,...

Asia coal prices surge to fresh records; China, India output is key

Seaborne thermal coal prices in Asia climbed to fresh record highs last week, with early signs of rising exports not enough to eclipse concerns...

Baltic index dips, capesizes hover near 13-year peak

The Baltic Exchange’s dry bulk sea freight index slipped on Monday as a decline in capesize rates offset gains in smaller vessel segments, although...

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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...

Costamare orders 16 containerships in China; posts USD 75 mln net income in Q1

Costamare Inc. reported unaudited financial results for the first quarter ended March 31, 2026 (“Q1 2026”).

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...

Seafarer shares first-hand account with IMO about being stranded in the Persian Gulf

IMO Secretary-General Arsenio Dominguez has called on all Member States to support efforts to...

Columbia Group names Andreas Hadjipetrou new CEO

Columbia Group has appointed Andreas Hadjipetrou as its new Chief Executive Officer, with Demetris...

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...

High-level meeting on European strategies for the maritime industry and ports

A high-level meeting on the implementation of the European Maritime Industrial Strategy and the European Ports Strategy will be hosted in Athens on April...