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APM Terminals Mumbai to increase container handling capacity

APM Terminals Mumbai also known as Gateway Terminals India (GTI) will invest US$115 million in infrastructure development that will increase the container handling capacity....

Ardmore Posts 2021 Net Loss In Weak Tanker Market

Ardmore Shipping Corporation announced results for the three and twelve months ended December 31, 2021. Highlights and Recent Activity Reported a net loss of $8.6...

Intermodal Weekly Market Report [W06]

After a very hot dry bulk market, the 7th October 2021 – when BDI reached the 5,650 points mark, was the turning point on...

Fixed price transactions see hefty premiums in LNG spot market

Spot LNG buyers are paying hefty premiums when requesting for fixed price offers in their transactions in view of the recent volatility in LNG...

Baltic index snaps 5-day winning streak as larger vessels rates slip

The Baltic Exchange’s dry bulk sea freight index snapped a five-session winning streak on Tuesday as demand for capesize and panamax vessels weakened. The...

Euroseas posts best-ever net income in 4Q2021

Euroseas, an owner and operator of container carrier vessels and provider of seaborne transportation for containerized cargoes, announced its results for the three-month period...

Transocean reports new contracts & extensions

Transocean issued a quarterly Fleet Status Report that provides the current status of, and contract information for, the company’s fleet of offshore drilling rigs. This...

WTO: Demand Shock Behind Trade Bottlenecks Should Ease in Months

Global trade bottlenecks are more the result of demand spikes than supply chain snags, with pressure likely to ease in the coming months, the...

Ocean Yield ASA Reports Fourth Quarter Net Profit of $17.9 Million

Ocean Yield AS announces results for the fourth quarter and preliminary results for the year ending 31st December 2021. HIGHLIGHTS • EBITDA for Q4 2021 was...

Scorpio Tankers posts $234m full-year loss

Scorpio Tankers reported its results for the three months and year ended December 31, 2021. The Company also announced that its Board of Directors...

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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...