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Pyxis Tankers Announces Sale of Oldest Product Tanker

Pyxis Tankers, an international pure play product tanker company, announced that it has agreed to sell the vessel Pyxis Malou, 2009 built 50,667 dwt....

Navios Holdings posts Net Income of $87.3 million in 2022

Navios Maritime Holdings Inc. reported its financial results for the fourth quarter and year ended December 31, 2022. Navios Holdings owns (i) a controlling equity...

Performance Shipping Acquires Newbuild LNG Ready Tier III LR2 Product/Crude Oil Tanker With Scrubber

Performance Shipping has signed, through a separate wholly-owned subsidiary, a shipbuilding contract with China Shipbuilding Trading Company Limited and Shanghai Waigaoqiao Shipbuilding Company Limited...

DSME logs big loss in 2022 on higher costs

South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering Co. (DSME) said Monday it posted a large loss in 2022 on higher costs, despite a...

Hapag Lloyd: “A very successful 2022 with exceptionally strong results”

Hapag-Lloyd today published its annual report for 2022, the year of its 175th anniversary. According to the report, Hapag-Lloyd’s EBITDA increased to USD 20.5...

WTO Expects Global Trade Slowdown to Be Short-lived

Global merchandise trade growth slowed at the end of 2022 and was likely to remain weak in the first quarter of this year, the...

Shell and Hapag-Lloyd collaborate on marine fuel decarbonisation and sign multi-year LNG supply agreement

Shell and Hapag-Lloyd today announced the signing of a multi-year agreement for the supply of liquefied natural gas (LNG) to Hapag-Lloyd’s ultra large dual-fuel...

International Seaways Reports Fourth Quarter and Full Year 2022 Results

International Seaways, Inc. (NYSE: INSW) (the “Company” or “INSW”), one of the largest tanker companies worldwide providing energy transportation services for crude oil and...

Performance Shipping posts strong Q4 financial results

Performance Shipping reported a record quarterly net income from continuing and discontinued operations of $23.8 million and net income from continuing and discontinued operations...

United Maritime Expecting Significant Dry Bulk Market Recovery This Year

United Maritime Corporation, announced its financial results for the fourth quarter ended December 31, 2022 and the period from commencement of its operation on...

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NORDEN raises full-year guidance

Following stronger than expected operational performance in dry cargo, reduced costs associated with Persian Gulf delays and additional vessel sales, NORDEN upgrades the 2026...

A.P. Moller Holding announces the acquisition of Ocean Yield from KKR

A.P. Møller Holding A/S and KKR, a leading global investment firm, announced that they have signed an agreement under which a subsidiary of A.P....

Mercuria Energy Trading SA successfully Closes USD 3.84 billion Multi-Currency Revolving Credit Facilities

Mercuria Energy Trading S.A announced the successful closing of its USD 3.84 billion Multicurrency Revolving Credit Facilities. The Facilities comprise a new 1-year Multicurrency Revolving...

Diana Shipping Inc. announces extension of financing to support acquisition of 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...

A.P. Moller – Maersk Interim Report 2026

A.P. Moller - Maersk delivered EBITDA and EBIT of USD 1.8bn and USD 340m, respectively, down on the previous year. These results came on...

IMO Secretary-General calls for urgent release of 44 seafarers held by pirates

IMO Secretary-General Arsenio Dominguez has appealed for urgent international efforts to secure the safe...

Fincantieri creates an international underwater champion

The Group establishes the first vertically integrated underwater operator, bringing together eight centers of...

Iran fires missiles at commercial ships in Strait of Hormuz, Axios reports

Iran's Revolutionary Guards fired at least two missiles at commercial ships transiting through the...

KONGSBERG delivers advanced technology suite for next-generation NIOZ research vessel Anna Weber-van Bosse

KONGSBERG has supplied a comprehensive package of advanced ocean science and navigation technologies for...

Celestyal launches ‘Suite Summer Sale’ with fares from € 559 pp

Celestyal has launched a ‘Suite Summer Sale’ - live from July 1 - offering...

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...

Hanseatic Global Terminals plans to acquire 20% stake in Eurogate Container Terminal Hamburg

Hanseatic Global Terminals (HGT) signed a term sheet outlining the key conditions for the intended acquisition of a 20% stake in Eurogate Container Terminal...

MSC to acquire 49% stake in Adani’s Vizhinjam port

Mediterranean Shipping Company (MSC) Group, the world’s largest container shipping company, will buy a 49% stake in Adani Group’s Vizhinjam International Seaport in Kerala...

Asyad Group and CMA CGM Group Initiate Strategic Partnership to enhance maritime connectivity and new regional trade corridors through a multipurpose logistics terminal in...

Asyad Group, Oman’s global integrated logistics provider, and CMA CGM Group, a global player in sea, land, air and logistics solutions, headquartered in France,...