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Baltic index dips to two-week low as rates retreat for all vessels

The Baltic Exchange’s main dry bulk sea freight index on Monday fell to a two-week low on declining rates across all vessel segments. The overall...

Hyundai Heavy raises $935 mln after pricing IPO at the top of the range

South Korean shipbuilder Hyundai Heavy Industries has raised $935 million after pricing its IPO at the top of its indicative range, with much of...

Kawasaki wins LPG fueled VLGC order from Eneos Ocean

Kawasaki Heavy Industries (KHI) has won a contract from Eneos Ocean Corporation for an 86,700 cu m liquefied petroleum gas (LPG) & liquefied ammonia...

ICS sets out plans for global carbon levy to expedite industry decarbonisation

The global trade association for ship operators, the International Chamber of Shipping, (ICS) has put forward a comprehensive proposal for a global levy on...

Pan Ocean to expand fleet to 300 carriers

South Korea’s dominant bulk carrier Pan Ocean Co. will enlarge its fleet to 300 carriers to meet the rapidly growing bulk demand across the...

Gibson Weekly Tanker Market Report [W35]

As hurricanes and storms become increasingly more severe due to climate change and warming sea temperatures, so too has the impact on tanker shipping......

U.S. Ports See Shipping Logjams Likely Extending Far Into 2022

Leaders of some of the busiest U.S. ports expect congestion snarling maritime gateways to continue deep into next year, as the crush of goods...

Celestyal Cruises: Sale of Experience cruise ship

Due to current market conditions resulting from the ongoing COVID-19 pandemic, Celestyal Cruises has reviewed its forward-looking capacity requirements. After careful thought and consideration,...

OOCL orders ten 16,000 TEU boxships

Orient Overseas Container Line Limited (OOCL) has ordered ten environmentally friendly 16,000 TEU containerships in China. Five boxships will be built at Dalian COSCO...

EU Report Shows Scale Of Shipping’s Harm On Environment

Europe’s first environmental impact assessment for the shipping industry shows the challenge it faces in reaching the goal of climate neutrality by the middle...

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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...