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CPLP Extends Employment of 2 LNG Carriers to 2031 at Increased Day Rate

Capital Product Partners L.P., an international owner of ocean-going vessels, announced the increase of the day rate for two of its LNG carriers, ‘Aristarchos’...

CMA CGM Sees Softening Of Global Freight Rates

French container line giant CMA CGM SA is seeing an across-the-board drop in shipping rates and a loosening of logistics bottlenecks in some regions...

Golden Ocean delivers strong result in second quarter of 2022

Golden Ocean, the world’s leading owner of large size dry bulk vessels, announced its unaudited results for the three and six month period ended...

Frontline’s fleet of LR2 tankers takes center stage in Q2

Frontline reported unaudited results for the three and six months ended June 30, 2022: Highlights • Net income of $47.1 million, or $0.23 per basic and...

Performance Shipping to Acquire 7th Vessel; Its First LR2 Aframax Oil Product Tanker

Performance Shipping announced that it has signed, through a separate wholly-owned subsidiary, a Memorandum of Agreement to purchase a 105,304 dwt LR2 Aframax oil...

Canada, Germany sign deal to start hydrogen shipments

Canada intends to start shipping green hydrogen produced by wind farms to Germany by 2025, the first step in a partnership to help Europe’s...

Performance Shipping Announces Termination of ATM Offering

Performance Shipping, a global shipping company specializing in the ownership of tanker vessels, announced that, effective August 23, 2022, it has terminated the At...

Greece’s strategic gas reserves to be held in FSU off Revithoussa island

Greece’s strategic reserves of natural gas will be located in the new floating storage unit (FSU) on the island of Revithoussa, off the coast...

DP World reports record half-year profits

DP World Limited has announced strong financial results for the six months to 30 June 2022 with total revenue growing 60.4% year-on-year and 20.1%...

Capital Ship Management Corp. sets high standards for quality, business continuity & environmental management

Capital Ship Management Corp. has become one of the first Greek shipping companies to be certified with the ISO 22301 Business Continuity Management by...

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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,...