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Danaos profitable in second quarter

Danaos, one of the world’s largest independent owners of containerships, reported unaudited results for the period ended June 30, 2022. Highlights for the Second Quarter...

Navios Partners Reports $118.2 Million Net Income in Q2

Navios Maritime Partners L.P. reported its financial results for the second quarter and six month period ended June 30, 2022. Angeliki Frangou, Chairwoman and Chief...

Performance Shipping: Time Charter Contract for M/T Blue Moon With Teekay

Performance Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Teekay Chartering Limited, for one of...

Diana Shipping sees profit increase in second quarter

Diana Shipping reported net income of $35.6 million and net income attributed to common stockholders of $34.2 million for the second quarter of 2022....

Safe Bulkers sees 55% quarterly profit surge

Safe Bulkers announced its unaudited financial results for the three and six month periods ended June 30, 2022. The Board of Directors of the...

Navios Partners Announces Acquisition of 36 Ships from Navios Holdings

Navios Holdings announced a definitive agreement providing for the sale of its 36-vessel drybulk fleet for an aggregate consideration of approximately $835.0 million consisting...

DSME wins order for two LNG carriers

Daewoo Shipbuilding & Marine Engineering (DSME) announced Monday that it received a 649.5-billion-won ($494.8-million) order from a European shipping company for two large liquefied...

Capital Product Partners L.P. Announces Pricing of €100 Million Unsecured Bonds

Capital Product Partners L.P., an international owner of ocean-going vessels, announced that its wholly owned subsidiary, CPLP Shipping Holdings PLC, has successfully priced its...

TES attracts investment to accelerate energy transition

Tree Energy Solutions (TES), a Belgium-based green hydrogen company, has concluded its second fundraising round at €65 million ($66.2 million). The new capital will...

Korea Shipbuilding wins 2.87 tln-won order for 10 LNG carriers

Korea Shipbuilding & Offshore Engineering Co. (KSOE) said Thursday it has clinched a combined 2.87 trillion-won (US$2.2 billion) order to build 10 liquefied natural...

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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,...