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Saudi: Bahri generates $640mln net profits in 2025; revenues surge 47% in Q4

National Shipping Company of Saudi Arabia (Bahri) achieved a record SAR 2.43 billion worth of net profits in 2025, which signaled a 12.07% growth...

Australian Ports closed due to Cyclone Mitchell

Tropical Cyclone Mitchell intensified on Sunday, Australia’s weather bureau said, as it tracked towards the country’s remote northwest, home to the world’s biggest iron-ore...

DOF Group ASA – Contract award for well intervention services in North America

DOF Group ASA announced a Substantial* contract award with Shell Offshore Inc. for the provision of Hydraulic Subsea Well Intervention Services. Under the contract, DOF’s...

Greek joint venture seeks 20-year US LNG deal to strengthen Southern Europe’s gas supply

Atlantic Sea LNG Trade, a joint venture between Greece's gas supplier DEPA and construction group Aktor, is in talks to secure up to 15...

Solstad Maritime ASA – Letter Of Intent for CSV Normand Navigator

Solstad Maritime ASA announced a Letter Of Intent with an international subsea contractor for the CSV Normand Navigator. The contract will commence in Q2 2026...

MSC orders eight more containerships at Jinglu

MSC has reportedly ordered an additional eight 11,500 TEU LNG dual-fuel container ships at Penglai Zhongbai Jinglu Ship Industry Co., Ltd. (Jinglu Shipyard). An...

Höegh Autoliners issues January 2026 Trading Update

In January 2026, Höegh Autoliners transported 1.3 million cbm of cargo on prorated basis. Transported volume in the last three months (November-January) was 4.0...

EU issues statement on 20th package of sanctions against Russia

Russia's war of aggression against Ukraine will soon reach 1500 days. In the entire last year, Russian forces advanced on average between 15 and...

Rio Tinto and Glencore abandon merger plan

Further to the announcement of 8 January 2026, Rio Tinto plc and Rio Tinto Limited confirm that Rio Tinto is no longer considering a...

Travlou: Greek shipping, a force of stability in the face of global rifts

“Shipping must be preserved as the guardian of international trade and global prosperity,” the president of the Union of Greek Shipowners, Melina Travlou, said...

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Nakilat achieves QAR 1.29 billion net profit for the third quarter of 2026

Qatar Gas Transport Company Q.P.S.C. (Nakilat) announced its consolidated financial results for the third quarter of 2026 ended 30 September 2026, with a net...

Navios Maritime Partners remains focused on investment

Navios Maritime Partners, controlled by Angeliki Frangou, is focusing on disciplined capital allocation, fleet diversification and maintaining a strong balance sheet in a shipping...

Capital Tankers announces successful delivery of dual fuel suezmax tanker & new financing arrangements

Capital Tankers, an international shipping company focused on crude oil transportation, provided an update on its fleet and financing status. Delivery of Dual Fuel Suezmax...

Capital Maritime Finance: Strong investor response opens a new chapter for shipping in Athens

Capital Maritime Finance Corp. (CMF) has successfully completed its public offering, attracting exceptionally strong interest. Total bids amounted to approximately €1.1 billion, making the offering...

Nordea posts 3Q2026 financial results

Nordea released its third-quarter financial results.

Trump’s plan to revive sanctioned tankers faces tough sell

A US plan to rehabilitate sanctioned tankers to boost oil supply may attract only...

Hormuz could be ‘redundant’ in five years, replaced by new routes, HSBC CEO says

Investment in alternative logistics routes in the Gulf to mitigate the impact of ​the...

Celestyal announces new onboard offering for Western Mediterranean sailings

Celestyal has unveiled a new onboard programme for Celestyal Discovery’s first dedicated Western Mediterranean...

Greece and Japan enhance maritime cooperation

Minister of Maritime Affairs and Insular Policy Vassilis Kikilias held a series of meetings...

Iran’s guards say two tankers hit mines in Strait of Hormuz

Iran’s Revolutionary Guards Navy said on Saturday that two oil tankers had caught fire...

MPA and China classification society strengthen partnership for a greener, smarter maritime future

The Maritime and Port Authority of Singapore (MPA) and the China Classification Society (CCS) have renewed their Memorandum of Understanding (MOU) to strengthen collaboration...

AD Ports Progressing in Reducing Emissions Intensity of Operations

AD Ports Group announced the release of its 2025 Sustainability Report, in which it highlights significant progress in its decarbonisation plans, including a 6%...

Container throughput at Piraeus’ Terminals II and III rises 15.3% in September

Container throughput at Terminals II and III at the port of Piraeus rose by 15.3% in September, despite many containerships continuing to divert around...

Piraeus Port Authority hosts Chinese delegation from ports, shipping and logistics sectors

The Piraeus Port Authority (PPA) welcomed a delegation of professionals from China’s ports, shipping and logistics sectors as part of a knowledge and experience...

A.P. Moller Capital agrees to acquire Portek International from Mitsui & Co.

A.P. Moller Capital has signed an agreement, through its A.P. Moller Capital – Emerging Markets Infrastructure Fund II, to acquire 100% of Portek International...