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French destroyer rescues 29 mariners from oil tanker stricken in Red Sea attacks by Yemen rebels

A French destroyer rescued 29 mariners from an oil tanker that came under repeated attack in the Red Sea by Yemen’s Houthi rebels, officials...

Scholz Vows to Keep Meyer Werft Shipyard Afloat

The German government is working on a deal to secure the future of Meyer Werft, a 229-year-old shipyard and one of the world’s largest...

Iron ore extends gains on fresh Chinese property support

Iron ore futures extended gains on Thursday, underpinned by fresh support to top consumer China’s property sector, along with rising margins among steelmakers. The most-traded...

Dry freight container production surpasses earlier all time high

Drewry expects 2024 to be the second highest year on record for dry freight container manufacturing, driven by the all-time high quarterly production in...

Baltic index hits near four-week high as capesize rates jump

The Baltic Exchange’s dry bulk sea freight index .BADI, which tracks rates for ships carrying dry bulk commodities, rose to its highest in close...

Celestyal offers free cruises to Olympic medallists

Celestyal – which has headquarters in Greece, the birthplace of the Olympic Games – has launched the special offer to celebrate Team Greece’s success...

Odfjell continues strong performance in Q2

Odfjell significantly improved both its operating result and bottom line in the second quarter of 2024. Highlights – 2Q24: Odfjell´s strong performance on safety continues with...

MOL and Vale Retrofit Capesize Bulk Carrier with Rotor Sails

Mitsui O.S.K. Lines, Ltd. (MOL) and Vale International SA announced that a 200,000-ton class bulk carrier, currently employed under a mid–term contract for transportation...

Awilco LNG reports strong quarterly & half year profit

The Awilco LNG Group (Awilco LNG ASA together with its subsidiaries) reported unaudited results for the three months ended June 30, 2024. HIGHLIGHTS •Awilco LNG achieved...

Höegh LNG earnings down in Q2

Höegh LNG reported its interim financial results for the quarter and first half ended 30 June 2024. The group reported an EBITDA of USD...

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TORM upgrades full-year guidance

TORM plc announced that, based on the Company's current coverage and expectations for continued market strength during the remainder of the fourth quarter of...

OOIL announces operational update for the 3rd quarter 2026

​​​​​​Orient Overseas (International) Limited announces operational update for the 3rd quarter 2026.

Capital Maritime Finance launches its IPO on Tuesday; aims to raise €300 million

The public offering for the listing of Capital Maritime Finance Corp on Euronext Athens opens on Tuesday and will run until Thursday, 15 October. The...

Danaos exploring bulker business Oslo-listing

Danaos has reportedly hired investment banks to advise on a possible equity placement and listing in Norway for its dry bulk business. More specifically, TradeWinds...

TORM announces closing of secondary public offering of its class A common shares

TORM plc announced the closing of the previously announced secondary public offering of 6,329,874 of the Company’s Class A common shares by OCM Njord...

Trump says Russia and Ukraine agreed to ‘energy ceasefire’

President Donald Trump said Sunday that Russia and Ukraine had agreed to an “energy...

Iran says US response to its proposal to reopen Hormuz was ‘insufficient’

The United States' response to Iran's seven conditions in a proposal to reopen the...

Attack risks rise for tankers as Iran vows to block more Hormuz routes

Tankers are facing a higher risk of attacks and intimidation as they try to...

Fragkou (Navios Maritime Partners): Shipping must stay resilient amid global trade shifts

The major shifts reshaping global trade and shipping were highlighted by Angeliki Frangou, chairman...

Panama Canal announces new long-term slot allocation program for the Neopanamax and Panamax Locks

The Panama Canal announced a new phase of its Long-term Slot Allocation (LoTSA) program,...

Port of Los Angeles sets all-time monthly cargo record

The Port of Los Angeles handled 1,042,652 Twenty-Foot Equivalent Units (TEUs) in September, the busiest month in its 118-year history and more than 20,000...

Savannah achieves record container volumes in September

The Port of Savannah achieved a record September for container volumes, moving 504,015 twenty-foot equivalent container units last month, an increase of 3.7 percent...

PCT: Revenue holds firm despite lower throughput

The Piraeus Container Terminal (PCT) Sustainability Report recorded a 12% improvement in financial performance, despite a 5.95% decline in container throughput, highlighting progress in...

PPA S.A. shows resilience; €106.7 million in investments

Piraeus Port Authority S.A. (PPA S.A.) announced its financial results for the first half of 2026, highlighting resilient revenue performance and a smaller year-on-year...

A.P. Moller Capital to buy majority stake in ports operator Euroports

A.P. Moller Capital, the infrastructure investment arm ​of Denmark's A.P. Moller Group, ‌said on Monday it had agreed to acquire a majority ​stake in...