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Souring iron ore outlook set to persist into 2022

The outlook for iron ore prices has soured as China slashed steel production, one of its largest property developers fears and the country advanced...

Hyundai LNG Shipping tender wooing more candidates via auction

The tender for Hyundai LNG Shipping Co. is gaining heat after the leading LNG tanker operator recently bagged the largest-ever order in history of...

Transition ‘needs careful sequencing’ to avoid price shocks: Wartsila CEO

The energy transition needs to be carefully sequenced to avoid the cost risks associated with a depleted conventional fossil fuel system, Wartsila’s new president...

Greeks investing heavily in secondhand market

According to a latest Allied Shipbroking report, Greek owners have doubled their investments in secondhand vessels, compared to their income from ship sales, in...

Hanjin secures shipbuilding contract for four boxships

Hanjin Heavy Industries has secured a USD 270 million contract for the construction of four containerships. The eco-friendly 5,500TEU vessels will be built for an...

Capital Ship Management to Secure ABS Decarbonization Notations for Current Newbuild Tankers

In an industry first, Capital Ship Management (CAPITAL) is to secure ABS notations recognizing investment in decarbonization technologies for its newbuild orders for medium...

LNG shipping rates climb to multi-month highs

Freight rates to ship liquefied natural gas (LNG) rose to multi-month highs this week as a surge in demand for the super-chlled fuel has...

Stena And Global Energy Storage Announce LNG Cooperation

Stena Power and LNG Solutions, a subsidiary of leading shipping conglomerate Stena AB, and Global Energy Storage (GES), a developer and operator of energy...

Stolt Nielsen posts declining results third quarter; sees upturn in chemical tanker market

Stolt-Nielsen reported unaudited results for the third quarter and first nine months of 2021. The Company reported a third-quarter net profit attributable to shareholders...

Baltic index extends rally as capesize benchmark breaches 10,000 points

The Baltic Exchange’s main dry bulk sea freight index extended its rally on Wednesday as robust demand and port congestion propelled the capesize index...

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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...