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China Aug iron ore imports rise for first time in 5 months

China’s iron ore imports in August rose for the first time in five months, increasing 10.1% over July, although demand remained lacklustre amid Beijing’s...

SFL announces acuisition of modern Suezmax tankers, long term charters

SFL Corporation Ltd. announced that it has agreed to acquire three Suezmax tankers in combination with long term time charters to a world-leading commodity...

Intermodal Weekly Market Report [W35]

Last August was extremely hot in the dry bulk market with rates rising at levels that we have years to witness.

Baltic Index Drops To 3-Week Low

The Baltic Exchange’s main dry bulk sea freight index dropped on Tuesday to its lowest since mid-August, as demand eased across all vessel segments....

TEN orders up to six aframax newbuildings at Daehan

Tsakos Energy Navigation (TEN) has reportedly placed an order at Daehan Shipbuilding for up to six aframax tanker vessels, worth an estimated USD 450...

Seaway 7 charters Maersk Supply Service cable layer

Maersk Supply Service has secured a contract for its cable-laying vessel Maersk Connector with Seaway 7 in the North Sea. Seaway 7, the renewables business...

MSC To Increase Its Peak Season Surcharge Between Europe And US

MSC is to increase its peak season surcharge (PSS) between Europe and the US by $1,000 per 40ft on 1 October. The Geneva-headquartered carrier said...

Wärtsilä to supply complete cargo handling system for new LNG bunkering vessel

Wärtsilä has been awarded a contract to supply a complete cargo handling system for a new LNG bunkering vessel. The ship is being built...

Asia – UK and Europe container routes hit record highs

The Port of Antwerp’s growing short-sea sector is receiving a boost from the shortage of truck drivers in the UK amid a new post-Brexit...

Search for renewable methanol may mean more varied bunker locations: Maersk

Container giant Maersk’s announcement of eight deepsea vessels to run on sustainable methanol will stretch supply lines and may mean a shake-up of favored...

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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...