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Baltic index down for third day on lower demand for large vessels

The Baltic Exchange’s dry bulk sea freight index fell for a third straight session on Monday on weaker rates for capesize and panamax vessels....

Hyundai Heavy Industries to reopen Gunsan shipyard on surging orders

Hyundai Heavy Industries (HHI) has decided to resume the operation of its shipyard on a 1.8 million square meters area of land in Gunsan,...

Britain’s BP says to exit stake in Russian oil giant Rosneft

BP is abandoning its stake in Russian oil giant Rosneft in an abrupt and costly end to three decades of operating in the energy-rich...

Suez Canal To Increase Tolls Effective March 1

Egypt’s Suez Canal Authority said it will be increasing canal tolls by up to 10% for laden and ballast vessels, effective March 1. The decision...

Diana Shipping Reports 2021 Net Income of $57.4 Million

Diana Shipping, a global shipping company specializing in the ownership of dry bulk vessels, reported net income of $41.1 million and net income attributed...

Performance Shipping Reports Q4 Loss

Performance Shipping Inc., a global shipping company specializing in the ownership of tanker vessels, reported a net loss from continuing and discontinued operations attributable...

Drewry: Container Port Throughput Index Hits Lowest Point Since February

Drewry’s latest assessment – February 2022 • In December 2021, the Global Port throughput index recorded 135.1 points , its lowest since February 2021 and...

Grain exporters tap EU supplies as war shuts Ukraine ports – traders

Grain exporters are looking for alternative sources of wheat and corn as a Russian invasion cuts off Ukrainian supplies, with European Union producers Romania...

All-inclusive rates stable as market awaits new direction

All-inclusive container shipping rates from North Asia to North America held steady in the week to Feb. 25, but shipping lines were more bullish...

Gibson Weekly Tanker Market Report [W08]

Yesterday’s sudden invasion of Ukraine will have major ramifications, not just for the energy markets, but also for the security of Europe...

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Capital Maritime Finance: Strong investor response opens a new chapter for shipping in Athens

Capital Maritime Finance Corp. (CMF) has successfully completed its public offering, attracting exceptionally strong interest. Total bids amounted to approximately €1.1 billion, making the offering...

Nordea posts 3Q2026 financial results

Nordea released its third-quarter financial results.

TORM upgrades full-year guidance

TORM plc announced that, based on the Company's current coverage and expectations for continued market strength during the remainder of the fourth quarter of...

OOIL announces operational update for the 3rd quarter 2026

​​​​​​Orient Overseas (International) Limited announces operational update for the 3rd quarter 2026.

Capital Maritime Finance launches its IPO on Tuesday; aims to raise €300 million

The public offering for the listing of Capital Maritime Finance Corp on Euronext Athens opens on Tuesday and will run until Thursday, 15 October. The...

Hormuz shipping disruption is starting to hit harvests, UN agency says

The impact of the disruption to shipping through the Strait of Hormuz is already...

Maritime piracy incidents remain at historic lows despite Somali piracy concerns

The ICC International Maritime Bureau (IMB) has reported the lowest level (51) of piracy...

Bulk Carrier sinks weeks after deadly strait of Hormuz strike

A container ship and a dry bulk carrier have both sunk near the Strait...

ABS and U.S. Department of Energy sign MOU on maritime applications of advanced nuclear...

ABS and the U.S. Department of Energy’s (DOE) Office of Nuclear Energy have signed...

Saudi Arabia strikes Houthi targets as Red Sea war escalates

Yemen’s Iran-allied Houthis said Saudi Arabia was attacking the Yemeni capital Sanaa on Tuesday...

Piraeus Port Authority hosts Chinese delegation from ports, shipping and logistics sectors

The Piraeus Port Authority (PPA) welcomed a delegation of professionals from China’s ports, shipping and logistics sectors as part of a knowledge and experience...

A.P. Moller Capital agrees to acquire Portek International from Mitsui & Co.

A.P. Moller Capital has signed an agreement, through its A.P. Moller Capital – Emerging Markets Infrastructure Fund II, to acquire 100% of Portek International...

Georgia Ports achieves permit for 3.5 million TEU container terminal

Georgia Ports Authority hosted their annual State of the Port of Savannah event with President Kevin Price announcing the U.S. Army Corps of Engineers...

ENGIE and CMA CGM join forces to invest in biomethane production in Le Havre

ENGIE Group, a major player in the energy transition, and the CMA CGM Group, a global player in sea, land, air and logistics solutions,...

Port of Los Angeles sets all-time monthly cargo record

The Port of Los Angeles handled 1,042,652 Twenty-Foot Equivalent Units (TEUs) in September, the busiest month in its 118-year history and more than 20,000...