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Jinhui snaps up supramax from AM Nomikos

Jinhui Shipping and Transportation has acquired a 53,350 dwt  supramax bulk carrier from AM Nomikos. Specifically, the bulker operator has bought the 2007-built Tesoro for...

Baltic index rises on strong capesize rates

The Baltic Exchange’s main dry bulk sea freight index rose on Tuesday, hitting its highest level in 13 years, helped by higher demand for...

Hyundai seeks EU’s conditional approval for Daewoo acquisition

Hyundai Heavy Industries (HHI) is seeking conditional approval from the European Union for its proposed acquisition of the ailing Daewoo Shipbuilding & Marine Engineering...

Seaspan Takes Delivery of First of Five 12,200 TEU Newbuild Containerships

Seaspan announced that it has accepted delivery of one 12,200 TEU containership, which will immediately begin an 18-year charter with a major liner customer....

Intermodal Weekly Market Report [W39]

In a year where both the container and the dry bulk freight sectors enjoy historical booming markets with gains exceeding even the most optimistic...

European coal futures climb to 13-year peak

European coal futures rose to a 13-year high and physical thermal coal prices were at record highs as rallying gas prices and strong Asian...

Petrobras selling interests in 15 Gulf of Mexico fields

Petrobras is selling its interest in a company that owns interests in 15 offshore fields in the U.S. Gulf of Mexico. Petrobras has started the...

Safe Bulkers Announces 3 Year Period Time Charter for Capesize Vessel

Safe Bulkers, an international provider of marine drybulk transportation services, announced that it has entered into a new period time charter for its recently...

Carnival Plans Loan Sale to Refinance Costly Pandemic Bonds

Carnival Corp. is taking another stab at replacing expensive bonds sold at the onset of the pandemic with a new $1.5 billion loan. The cruise...

Van Oord orders mega ship to install 20 MW offshore wind foundations and turbines

Van Oord has ordered a new offshore installation vessel to further strengthen its market position in offshore wind. The jack-up vessel can operate on...

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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...