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Shipping Congestion Growing at World’s Biggest Port

Ships looking to avoid Covid-induced delays in China are making a beeline for Shanghai, causing growing congestion at the world’s biggest container port. Shipping firms...

Korean Shipbuilder Sees Hydrogen Shipping Ready by 2025

Korea Shipbuilding & Offshore Engineering (KSOE) expects to have the technology to transport hydrogen by ship by 2025, an executive said, targeting a breakthrough...

EU blocks Daewoo – Hyundai merger

The European Union on Thursday blocked the merger of South Korean shipbuilding giants Daewoo and Hyundai over concerns about restricting supplies of large liquified...

EU shipping plan leaves millions of tonnes of CO2 unregulated – study

European Commission proposals to bring shipping into the bloc’s carbon market contain exclusions for small commercial and military vessels that would leave millions of...

Closing Of Stonepeak’s Acquisition of Teekay LNG

Teekay Corporation announced the closing of the previously announced merger of Teekay LNG with investment vehicles managed by Stonepeak. As part of the Merger,...

Baltic index extends losing streak to 5th day on falling vessel rates

The Baltic Exchange’s dry bulk sea freight index fell for a fifth straight session on Thursday, and touched a fresh 10-month low on waning...

Daewoo Shipbuilding wins 650 bln won offshore facility order

Daewoo Shipbuilding & Marine Engineering Co. (DSME) said Tuesday that it has bagged a 650 billion won (US$544 million) deal to supply an offshore...

Supply Chains Brace for Impact as Omicron Hits China

An omicron outbreak in China is sending jitters through supply chains as manufacturers and shippers brace for disruption inside the world’s-biggest trading nation if...

SC Ports achieves record volumes in 2021

South Carolina Ports had its best calendar year in history in 2021 as the SC Ports team and broader maritime community efficiently handled an...

Argentine grains ships cutting cargoes by 30%

Argentine grains ships leaving the main grains port hub of Rosario are having to cut cargoes by some 30% due to a renewed “record”...

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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...