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EU’s new Russia sanctions aim for more effective oil price cap

The European Union on Friday agreed an 18th package of sanctions against Russia over its war in Ukraine, including measures aimed at dealing further...

COSCO seeks further upgrade of Piraeus port

Senior executives of COSCO Shipping expressed their strong interest in further strengthening the position and role of Piraeus – the largest port in Greece...

CMB.TECH’s update on the Golden Ocean merger process

CMB.TECH NV (NYSE: CMBT & Euronext Brussels: CMBT) (“CMB.TECH”) provides a market update on the progress of the stock-for-stock merger between CMB.TECH and Golden...

Petronas formalises 25% equity participation with SMJ Energy for PFLNG 3 project

Petronas, through its subsidiary Petronas LNG (PLSB), has formalised a significant equity participation agreement with SMJ Energy. The deal involves a 25% equity share for...

Subsea7 awarded contract offshore Norway

Subsea7 announced the award of a large contract by Equinor relating to the Fram Sør development project, offshore Norway. The project work scope covers engineering,...

MPCC Continues Fleet Renewal with Newbuild Orders, Long-Term Charters, Portfolio Optimization and Expands Financing Universe

MPC Container Ships (“MPCC” or the “Company”) announced a company update, including a series of strategic initiatives to modernize its fleet and strengthen its...

China threatens to block Panama ports deal unless its shipping giant gets stake, WSJ reports

China is threatening to block the sale of more than 40 ports, owned by Hong Kong-based CK Hutchison, to BlackRock and Mediterranean Shipping Company...

BW LPG Successfully Closes Two Key Financing Facilities

BW LPG has successfully closed two key financing facilities - a USD380 million Term Loan and Revolving Credit Facility, and a USD215 million Term...

Clemko Ship Management buys first ship in 15 years – report

TradeWinds reports Clemko Ship Management is expanding its fleet for the first time in 15 years. Specifically, the news outlet reports a 14-year-old kamsarmax sold...

Navigator Gas Announces Joint Venture with Amon Maritime For Construction of Two New Ammonia Gas Carriers

Navigator Holdings Ltd. (described herein as “Navigator” or the “Company”) (NYSE: NVGS), the owner and operator of the world’s largest fleet of handysize liquefied...

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Subsea 7 S.A. announces first quarter 2026 results

Subsea 7 S.A announced results of Subsea7 Group (the Group, Subsea7) for the first quarter which ended 31 March 2026.  Highlights   • First quarter Adjusted EBITDA...

Pacific International lines delivers resilient earnings in FY2025

PIL Pte Ltd announced its financial results for the fiscal year ended 31 December 2025. The Group delivered net profit after tax of US$1.04...

ONE delivers profitable full-year result, despite volatility

Ocean Network Express has announced its financial results for FY2025 (April 2025 to March 2026). Revenue for 4Q FY2025 was US$4,042 million, bringing the total...

MOL sees sharp net profit drop

Mitsui O.S.K. Lines (MOL) has reported net profit attributable to shareholders amounting to JPY 213.2bn ($1.3bn), down 49.9% from JPY 425.4bn a year earlier. Ordinary...

Costamare orders 16 containerships in China; posts USD 75 mln net income in Q1

Costamare Inc. reported unaudited financial results for the first quarter ended March 31, 2026 (“Q1 2026”).

Celestyal launches one-day flash sale with fares from 179€

Celestyal has announced a one-day-only flash sale, offering limited-time fares across a selection of...

Tamara de Gruyter, President, Wärtsilä Energy Storage and Executive Vice President to continue her...

Tamara de Gruyter, President, Wärtsilä Energy Storage and Executive Vice President, and a member...

Celestyal launches ‘The Iconic Sale’ with fares from €499

Celestyal has launched its new ‘Iconic Sale’, offering savings across its full Mediterranean and...

Seafarer shares first-hand account with IMO about being stranded in the Persian Gulf

IMO Secretary-General Arsenio Dominguez has called on all Member States to support efforts to...

Columbia Group names Andreas Hadjipetrou new CEO

Columbia Group has appointed Andreas Hadjipetrou as its new Chief Executive Officer, with Demetris...

PPA: Investment of 3.25 million euros

Piraeus Port Authority S.A. (PPA) announced the launch of works for the development of a new park featuring a model playground and a cycling...

Piraeus Port is resilient – Record performance and investments of 1.4 billion euros

The resilience and growth prospects of the Port of Piraeus, despite heightened geopolitical turbulence affecting shipping and transport, were highlighted by the Deputy CEO...

Panama Canal says $1 million-plus auction slots reflect temporary surge in demand

The Panama Canal Authority said on Thursday that some ships had recently paid more than $1 million for crossing slots at auction, but ​said...

Throughput in the port of Rotterdam remains stable, with a slight decline of 0.7%

Throughput at the port of Rotterdam fell slightly by 0.7% in the first quarter of 2026 compared with the same period last year. Throughput...

High-level meeting on European strategies for the maritime industry and ports

A high-level meeting on the implementation of the European Maritime Industrial Strategy and the European Ports Strategy will be hosted in Athens on April...