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Souring iron ore outlook set to persist into 2022

The outlook for iron ore prices has soured as China slashed steel production, one of its largest property developers fears and the country advanced...

Hyundai LNG Shipping tender wooing more candidates via auction

The tender for Hyundai LNG Shipping Co. is gaining heat after the leading LNG tanker operator recently bagged the largest-ever order in history of...

Transition ‘needs careful sequencing’ to avoid price shocks: Wartsila CEO

The energy transition needs to be carefully sequenced to avoid the cost risks associated with a depleted conventional fossil fuel system, Wartsila’s new president...

Greeks investing heavily in secondhand market

According to a latest Allied Shipbroking report, Greek owners have doubled their investments in secondhand vessels, compared to their income from ship sales, in...

Hanjin secures shipbuilding contract for four boxships

Hanjin Heavy Industries has secured a USD 270 million contract for the construction of four containerships. The eco-friendly 5,500TEU vessels will be built for an...

Capital Ship Management to Secure ABS Decarbonization Notations for Current Newbuild Tankers

In an industry first, Capital Ship Management (CAPITAL) is to secure ABS notations recognizing investment in decarbonization technologies for its newbuild orders for medium...

LNG shipping rates climb to multi-month highs

Freight rates to ship liquefied natural gas (LNG) rose to multi-month highs this week as a surge in demand for the super-chlled fuel has...

Stena And Global Energy Storage Announce LNG Cooperation

Stena Power and LNG Solutions, a subsidiary of leading shipping conglomerate Stena AB, and Global Energy Storage (GES), a developer and operator of energy...

Stolt Nielsen posts declining results third quarter; sees upturn in chemical tanker market

Stolt-Nielsen reported unaudited results for the third quarter and first nine months of 2021. The Company reported a third-quarter net profit attributable to shareholders...

Baltic index extends rally as capesize benchmark breaches 10,000 points

The Baltic Exchange’s main dry bulk sea freight index extended its rally on Wednesday as robust demand and port congestion propelled the capesize index...

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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...

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...

PCT: Revenue holds firm despite lower throughput

The Piraeus Container Terminal (PCT) Sustainability Report recorded a 12% improvement in financial performance, despite a 5.95% decline in container throughput, highlighting progress in...