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Analysis

China restricts refined oil product exports despite oil inventory increase of 0.7 mbpd

During the first three quarters of 2023, China has continued expanding its crude inventories by an estimated 0.7 million barrels per day (mbpd). These...

Maritime Cyprus 2023 – A Greek Take on a Global Problem

It is always an auspicious sign when some of the largest names in Greek shipping get together to discuss not only shipping policy but...

BIMCO Sees Positive Tanker Market Prospects

BIMCO forecasts that the crude tanker market will see cargo volume growth of between 2.0% and 3.0% in 2023 and between 3.5% and 4.5%...

Global rice exports could fall 4% due to India’s export restrictions

Global rice exports could fall by at least 4% in 2023 because of India’s restrictions on exports and El Niño’s impact on supply. Replacing...

Drewry: Dry Bulk Equity Index Drops 15.2 Pct This Year

The Drewry Dry Bulk Equity Index dropped 15.2% YTD as a 28.5% slump between March and May was more than enough to offset an...

Drewry: Dry Bulkers’ Earnings Potential Improved Over Past 4 Months

The Drewry Dry Bulk Equity Index decreased 7.6% YTD, underperforming the S&P 500 which rose 8.1% YTD. The decline can be attributed to macroeconomic weakness...

BIMCO: Liner supply falls as operators reduce average sailing speed by 4%

During the COVID-19 pandemic, liner operators increased the average sailing speed by up to 4% due to strong demand and widespread port congestion. Today,...

BIMCO: Second-hand crude tankers at highest values in 25 years

“Second-hand crude tanker values for five-year-old ships hit bottom levels in late 2020 and have since increased by an average 67%. Over the past...

Major carriers remain on hunt for tonnage to boost market share

Led by MSC and CMA CGM, ocean carriers are again scouring the charter and sales and purchase markets for tonnage to boost capacity and...

BIMCO: Japan’s dry bulk imports fall 4% amid weak steel demand

“Having narrowly avoided a recession in the fourth quarter of 2022, the Japanese economy appears to be recovering. However, Japan’s demand for steel remains...

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Nordea shipping loan book grows in fourth quarter

Nordea published the fourth-quarter and full-year financial report.

Royal Caribbean Group reports 2025 results, issues 2026 guidance

Royal Caribbean Group reported 2025 Earnings per Share of $15.61 and Adjusted EPS of $15.64. These results were better than the company's guidance primarily...

Milaha announces 13% growth in its net profit for 2025, reaching QR 1.271 billion

Qatar Navigation Q.P.S.C. (“Milaha”) announced its financial results for the year ended December 31, 2025.Key financial highlights: - Operating revenues of QAR 3.33 billion for...

Stolt-Nielsen limited reports fourth quarter net profit of $59.6 million

Stolt-Nielsen Limited reported unaudited results for the fourth quarter and full year ended November 30, 2025. The Company reported a fourth-quarter net profit of...

C3IS Inc. announces reverse stock split

C3IS INC. announced that its board of directors has determined to effect a one-for-twenty (1-for-20) reverse stock split of the Company’s common stock, par...

Celebrity River Cruises announces 10 more ships, and opens 2028 European deployment with 80%...

Celebrity River Cruises announced a commitment for 10 new ships that will expand its...

Greek flag maintains top-tier status in global shipping register

Greece remains on the list of the world’s “elite” flag states, in terms of...

Celestyal reports strong Wave performance as Unmissable Sale is extended

Celestyal has reported strong early success from its current Wave campaign, the ‘Unmissable Sale’,...

Celestyal introduces in-cabin tablets to enhance guest experience

Celestyal has completed the rollout of in-cabin guest experience tablets across all 630 cabins...

Hanwha Ocean and Algoma Steel sign MOU to support Canadian steel and jobs

Hanwha Ocean, a global shipbuilding and submarine manufacturer, has signed a binding memorandum of...

Panama court quashes CK Hutchison port contracts, clouding sales plan

Panama's Supreme Court has annulled key port contracts held by a subsidiary of Hong Kong-based CK Hutchison, leaving the future ownership of some Panama...

CMA CGM and Stonepeak announce groundbreaking terminal Joint Venture, UNITED PORTS LLC

The CMA CGM Group, a global player in sea, land, air and logistics solutions, and Stonepeak, a leading alternative investment firm specializing in infrastructure...

Ports: National planning enters the final phase

The strategic planning for Greek ports and marinas is entering a crucial phase, with the Growthfund preparing to announce the contractor for the holistic...

AD Ports Group expands operations in Spain with acquisition of Balenciaga Astilleros Shipyard

AD Ports Group, a leading global enabler of integrated trade, industry and logistics solutions, today announced that its subsidiary SAFEEN Drydocks, part of Noatum...

Cosco expects a return to normalcy in Suez

In an environment of intense geopolitical developments and changing cargo flows, the port of Piraeus remains at the heart of global trade. The gradual normalization...