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Change of CEO for Concordia Maritime

Erik Lewenhaupt will take over as CEO of Concordia Maritime on 1 January 2022. He succeeds Kim Ullman, who has informed the Board of...

EU set to block HHI’s $2 bil. acquisition of DSME – report

Despite Hyundai Heavy Industries' (HHI) submission of a number of solutions to address concerns over fair competition among large container vessel builders, the European...

Boskalis receives EUR 450 million offshore wind project

Boskalis has been awarded a contract for the transportation and installation of the monopile foundations and substations for an offshore wind farm development with...

Maersk announces intention to partner with Grindrod

Maersk announced an agreement to partner with the logistics activities of the Grindrod Intermodal Group in South Africa, enabling customers seamless access to a...

Premium iron ore’s outperformance is a bearish signal

Spot iron ore prices are now lower than the depths plumbed during the early part of the global coronavirus pandemic last year, and market...

Baltic index slips to 1-week low on weaker rates for larger vessels

The Baltic Exchange’s dry bulk sea freight index dipped to its lowest in a week on Monday, pressured by declines in the larger capesize...

Oil market to remain tight in 2022 as global demand ramps up: Vitol CEO

Global oil market fundamentals will likely remain tight over the coming year as oil demand continues to build after having mostly fully recovered to...

TEN agrees charters for two VLCCs with oil majors

Tsakos Energy Navigation (TEN) has agreed long-term charters for two of its VLCCs. The charters, to oil majors, have a duration of 3-5 years. The...

Abu Dhabi Ports Group revenue rises in 9M2021

The Abu Dhabi Ports Group reported a 22% revenue increase for the first nine-months of the year, according to a statement. The AD Ports...

Korean, Chinese, Japanese Shipbuilders Racing to Develop Ammonia-powered Vessels

Competition is heating up among shipbuilders in Korea, China, and Japan to develop ammonia-powered ships amid growing demand for eco-friendly vessels. Ammonia is an...

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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...

Danaos exploring bulker business Oslo-listing

Danaos has reportedly hired investment banks to advise on a possible equity placement and listing in Norway for its dry bulk business. More specifically, TradeWinds...

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...

CMB.TECH sells Suezmax vessel for $ 59.6 million gain

CMB.TECH NV has sold one Suezmax, generating a gain of approximately 59.6 million USD. CMB.TECH...

Trump says Russia and Ukraine agreed to ‘energy ceasefire’

President Donald Trump said Sunday that Russia and Ukraine had agreed to an “energy...

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...

Savannah achieves record container volumes in September

The Port of Savannah achieved a record September for container volumes, moving 504,015 twenty-foot equivalent container units last month, an increase of 3.7 percent...