Sunday, May 3, 2026
HomeNewsThe Wire

The Wire

Subscribe

To our FREE newsletter
Get all the latest maritime news delivered straight to your inbox.

The Wire

CPP Investments to Acquire Ports America Interest from Oaktree

Canada Pension Plan Investment Board ("CPP Investments") today announced that it has entered into a definitive agreement to become the 100% owner of Ports...

Solstad, Eidesvik win PSV charters with Aker BP

Aker BP has awarded platform supply vessel contracts to Solstad Offshore and Eidesvik Offshore. With Solstad Offshore, Aker BP signed a new contract for the...

Global supply disruptions could still get worse, central bankers warn

Supply constraints thwarting global economic growth could still get worse, keeping inflation elevated longer, even if the current spike in prices is still likely...

Robust capesize demand propels Baltic dry bulk index to 13-year peak

The Baltic Exchange’s main dry bulk sea freight index rose to its highest in 13 years on Wednesday on higher rates for all vessels,...

CMA CGM Group Orders Boeing 777 Freighters

Boeing and CMA CGM Group, a world leader in shipping and logistics, today announced the purchase of two new Boeing 777 Freighters to grow...

Piraeus Port Reports 8,3% Increase in 1H2021 Turnover

The Piraeus Port Authority reported a turnover increase by 8,3%, that is 5.5 million euros in first half of 2021, reaching 72 million euros...

HSFO demand firm as scrubbers win over upgrading projects – expert

Contrary to initial expectations and despite the thrust on cleaner marine fuels due to the International Maritime Organization’s global low sulfur mandate, the high...

Iron ore spot freight rates spike 163% to lift capesize earnings

As the average length of the journey increases, partly due to port congestions in China, soaking up capacity and pushing up spot rates, shipowners...

Avance Gas enter into three Time Charter Agreements

Avance Gas Holding Ltd announced it has entered into three Time Charter Agreements for a period of 2 years at an average hire level...

Diana Shipping: Time Charter Contracts for m/v Atalandi & m/v Leto With Aquavita

Diana Shipping, a global shipping company specializing in the ownership of dry bulk vessels, announced that, through a separate wholly-owned subsidiary, it has entered...

Video

Latest Articles

Finance & Economy
Shipping News
Ports

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...