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Iron ore rises to over one-month high as China targets overcapacity

Iron ore futures rose to a more than one-month high on Thursday, supported by China’s renewed push to curb low-price competition and cut excess...

Baltic Index slips for seventh straight day on weaker capesize rates

The Baltic Exchange’s main sea freight index, which monitors rates for vessels moving dry bulk commodities, fell for the seventh straight session on Thursday,...

KNOT Offshore issues strategic & operational update

KNOT Offshore Partners LP provided a strategic and operational update on a number of developments involving fleet expansion, chartering, refinancing, and a common unit...

Venezuela’s oil exports on the rise as more cargoes head to China

Venezuela exported some 844,000 barrels per day (bpd) of crude and fuel in June, an 8% increase from the previous month as the loss...

HMM to expand Spanish Algeciras terminal

South Korea’s leading container shipping company HMM said Wednesday it plans to expand Total Terminal International Algeciras, its semi-automated facility in southern Spain. On Monday,...

Seatrium secures FSRU conversion contract from Kinetics, a Karpowership initiative

Seatrium Limited announced the award of a Floating Storage Regasification Unit (FSRU) conversion contract from Kinetics, an energy transition initiative by global floating power...

Neptune Maritime Leasing completes refinancing of GEOS fleet

Greek maritime leasing platform Neptune Maritime Leasing Limited has entered into a new $95m sale and leaseback facility for the seven-vessel fleet of Golden...

Greek shipowners “anchor” in Scandinavian countries to attract capital

The Scandinavian bond market is rapidly evolving into an important alternative financing resource for shipping companies, with a strong Greek presence. A key player in...

Iron ore futures rise on supply dip, firming demand

Iron ore futures climbed across all benchmarks on Wednesday as shipments from top exporters Australia and Brazil dropped, while an increase in hot metal...

Baltic Index falls to one-month low as larger vessel rates dip

The Baltic Exchange’s main sea freight index, which tracks rates for vessels transporting dry bulk commodities, fell to a one-month low on Wednesday, as...

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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...