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OOCL: New Rail-Sea Service Links China with U.S. East Coast

OOCL Logistics and OOCL announced the launch of a brand-new multi-modal container service from China to the US East Coast, to help to meet...

Bidders Line Up for Israel’s Haifa Port with Final Sale in Sight

Four investment groups are looking to acquire the Israeli port of Haifa estimated to be valued as high as $600 million with formal bids...

Korean Shipbuilders’ Offshore Plant Order Book Expanding

Korean shipbuilders’ order book for offshore plant projects are expanding after a long order drought. Korea Shipbuilding & Offshore Engineering (KSOE) has recently signed...

Pyxis sees ‘positive signs’ for product tankers

Pyxis Tankers, an international pure play product tanker company, announced its unaudited results for the three and six month periods ended June 30, 2021. Summary For...

China goes from driver to brake for crude oil, iron ore and copper

China has switched from driving global demand for major commodities to being a drag on growth, with July’s customs data confirming the weakening trend...

Baltic index flat as smaller vessel gains counter capesize dip

The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, was unchanged on Monday near the one-month peak...

Golar posts best ever quarterly net income

Golar  announced the company’s best ever quarterly net income of $471.4 million, inclusive of a gain on disposal of Hygo Energy Transition Limited and...

International Seaways sees fleet optimization crucial with crude tanker earnings down 71%

Expectations of improving global ton-mile demand, tanker fleet optimization during the second half of 2021 provide support to International Seaway's performance after tanker owners...

Shell to add ten tankers to Signal’s MR pool

Shell Tankers (Singapore) has signed a partnership agreement with ship management company Signal Maritime placing ten Medium Range (MR) product tankers into the company’s...

Castor Maritime posts strong profits in strong market

Castor Maritime Inc. posted $6.5 Million net profit for the Three Months Ended June 30, 2021 and $7.6 Million net profit for the Six...

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Hapag-Lloyd raises annual outlook on strong demand, freight rates

German shipping firm Hapag-Lloyd on Monday raised its outlook ​for the financial year, citing strong market ‌demand and positive freight rate developments. Hapag-Lloyd said it...

Diana Shipping Inc. announces extension of tender offer for all outstanding shares of Genco Shipping & Trading

Diana Shipping Inc., a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels that is the largest shareholder of...

Kongsberg Maritime Q2 2026: Record-high backlog and strong newbuild execution

Kongsberg Maritime ASA announced its results for the second quarter of 2026. A record-high order backlog driven by strong newbuild order intake and execution...

Robin Energy announces reverse stock split

Robin Energy, an international ship-owning company providing energy transportation services globally, announced that its board of directors has determined to effect a one-for-fifteen (1-for-15)...

Seanergy Maritime announces pricing of €100 million unsecured corporate bond trading on Euronext Athens

Seanergy Maritime Holdings Corp. announced the pricing of the offering of €100 million of unsecured bonds to investors in Greece. The Bonds will be...

IMO Council reaffirms commitment to protecting vital shipping lanes

The Council of the International Maritime Organization has concluded its 137th session by reaffirming...

Hormuz traffic slows to multi-week low as renewed US, Iran strikes raise safety risk

The number of vessels transiting the Strait of Hormuz fell to multi-week lows on...

Russia says Ukraine struck tanker in Sea of Azov

A Ukrainian drone struck a tanker as it ​was entering the Azov-Black Sea ‌Canal,...

Höegh Autoliners extends contract with major Asian car producer into 2029

Höegh Autoliners ASA has agreed an extension of an existing contract with a major...

METLEN and Tsakos Group formalise partnership to develop one of Greece’s largest hybrid renewable...

METLEN and Tsakos Group formalised the launch of their partnership through METLEN’s entry into...

Greek Shipping Minister visits Piraeus Port

Minister of Maritime Affairs and Insular Policy Vassilis Kikilias visited the Port of Piraeus on Tuesday ahead of the peak summer holiday travel period,...

Hapag-Lloyd uses shore power in the Port of Hamburg

Hapag-Lloyd, the world’s fifth-largest container shipping company, has signed an agreement with the Hamburg Port Authority (HPA) on the use of shore power in...

DP World drives record efficiency and vessel performance at DAR Es Salaam port

DP World Dar Es Salaam has achieved record vessel performance and reduced cargo discharge times by more than 90% at the Port of Dar...

Piraeus Container Terminal marks 16 years, reports rise in cargo volumes

Piraeus Container Terminal (PCT) marked 16 years of operations, highlighting the contribution of its employees and partners in transforming the port of Piraeus into...

PPA S.A.: Gross dividend of 1.896 euros per share approved

The Piraeus Port Authority (PPA) successfully held its Annual General Meeting of Shareholders, in accordance with the applicable procedures, with shareholders representing 83.40% of...