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Heidmar Maritime Holdings acquires its first vessel and establishes foothold in container shipping

Heidmar Maritime Holdings announced its first vessel acquisition, making it a strategic milestone in the Company’s project development and growth strategy. Heidmar has entered into...

Samsung Heavy wins $637M offshore facility deal in Africa

Samsung Heavy Industries, a major Korean shipbuilder, said on Monday that it has secured a deal worth 869.4 billion won ($637 million) to build...

Brazil’s Petrobras seeks Chinese partners for shipyards

Chinese firms Cosco, Offshore Oil Engineering, China State Shipbuilding and China International Marine Containers have signed a memorandum of understanding with Brazilian shipbuilders EBR,...

India’s ONGC signs deal with Japan’s MOL on building and operating VLECs

India’s state-owned Oil and Natural Gas Corporation has signed an agreement with Japan’s Mitsui O.S.K. Lines to build and operate two very large ethane...

Two crew wounded, two missing in attack on ship off Yemen; Houthis claim assault on Greek bulk carrier

Two crew members of a Greek-managed vessel were wounded and two were missing in a drone attack off Yemen on Monday, hours after Iran-aligned...

Iron ore falls on China steel output curbs, trade uncertainty

Iron ore futures slid on Monday as renewed concerns over demand weighed on the market, pressured by output restrictions in top consumer China’s major...

Baltic Index steady as gains in smaller vessels offset weaker capsize

The Baltic Exchange’s dry bulk sea freight index was unchanged on Monday as gains in the panamax and supramax segments countered a decline in...

Israel attacks three Yemeni ports and power plant

Israel has attacked Houthi targets in three Yemeni ports and a power plant, the Israeli military said early on Monday, marking the first Israeli...

Petronas to drill three exploration wells at Suriname offshore block, Staatsolie says

Petronas will begin drilling on Sunday, the first of three wells in an exploration campaign aimed at finding additional oil reserves at its offshore...

Two Alpha Gas carriers to get enhanced operational support with Wärtsilä lifecycle agreement

Technology group Wärtsilä has signed a five-year Lifecycle Agreement with Greek, Athens-based LNG management company, Alpha Gas. The agreement covers two LNG carriers which...

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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...