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Gibson Weekly Tanker Market Report [W39]

After many months of pain, crude tanker owners will finally see an increase in the volume of Russian export cargos in the coming weeks....

Safe Bulkers Enters into First Sustainability-linked Credit Facility

Safe Bulkers announced that the Company has entered into a new credit facility of $60.0 million with a five-year tenor secured with five vessels,...

European LNG exports to Asia hit high as price crunch grips

Europe exported a record amount of liquefied natural gas (LNG) to Asia in September, data showed on Friday, even as lower supply drove European...

Hapag-Lloyd CEO Says Shipping Still in the Thick of Supply Chain Disruptions

Global container shipping problems related to post-COVID 19 logistics problems have intensified in the third quarter and show no sign of letting up, the...

Baltic dry bulk index logs over 50% quarterly gain

The Baltic Exchange’s main sea freight index eased on Thursday, but still gained about 53% for the quarter on the back of robust demand...

NYK Sets Target of Net-Zero Emissions by 2050

NYK has set a long-term target of net-zero emissions of greenhouse gas (GHG) by 2050 for the NYK Group’s oceangoing businesses. The NYK Group’s entire...

Greece paves way for COSCO to raise Piraeus Port stake

Greek lawmakers on Thursday approved an amended deal with Chinese shipping group COSCO that will allow it to raise its stake in Greece’s biggest...

BHP explores LNG, biofuels, collaborates to boost greener shipping

Global resources company BHP is tapping LNG’s and biodiesel’s potential as a marine fuel choice to advance sustainable shipping as the maritime industry explores...

Iron ore soars on Pilbara incident, China pre-holiday demand

Dalian iron ore futures jumped to a three-week high on Thursday after Fortescue Metals Group halted mining operations at a Pilbara project, while hopes...

Höegh LNG Partners announces deferral of maturity date of its PGN FSRU Lampung debt facility

Höegh LNG Partners LP (the "Partnership") (NYSE: HMLP) announced that it has entered into an agreement with its lenders to defer the maturity date...

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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...