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HMM tests wind-assisted tanker to boost fuel efficiency

A 50,000-ton commercial vessel using wind power to cut fuel consumption has begun ocean trials, marking a key step toward validating wind-assisted propulsion systems...

EPS announces management changes following successful completion of merger with CoolCo

Cool Company Ltd. (CoolCo) and Eastern Pacific Shipping (EPS) have successfully completed the previously announced merger between CoolCo and wholly owned subsidiary of EPS...

Vitol to load first diluent cargo under Venezuela supply deal

Commodities trader Vitol is expected to load the first cargo of naphtha from the U.S. to Venezuela this weekend under a new supply agreement...

Safe Caledonia contract further extended

Ithaca Energy (UK) Limited (‘Ithaca’) has exercised all three remaining weeks of options for the Safe Caledonia to continue providing accommodation support at the...

Hanseatic Global Terminals and GEN reach an agreement in ownership of FIT

Hanseatic Global Terminals and Grupo Empresas Navieras (GEN), via its affiliate Agunsa Universales S.A., have reached an agreement regarding the capital structure of Florida...

GTT receives order from Samsung Heavy Industries for the design of two new LNG Carrier Tanks

GTT has announced it has received an order from shipbuilder Samsung Heavy Industries for the design of the tanks of two new LNG carriers...

Beihai Shipbuilding Wins Contract for Two Bulkers

Beihai Shipbuilding has signed a contract with Seacon Shipping Group for the construction of two 210,000 DWT newcastlemax bulk carriers. The two vessels will be...

Icon Energy Corp. announces reverse stock split

Icon Energy Corp., an international shipping company providing worldwide seaborne transportation services for dry bulk cargoes via its fleet of oceangoing vessels, announced today...

Mercuria redoubles metals push with $1.2 billion Kazakh deal

Mercuria Energy Group Ltd. is lending $1.2 billion to help fund the buyout of major Kazakh copper producer Kazakhmys, the latest in a breakneck...

CMB.TECH sells eight vessels

CMB.TECH NV has sold eight vessels, generating a capital gain of approximately 269.2 million USD in total. Euronav CMB.TECH has sold six VLCCs: Daishan (2007, 306,005...

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2025 a “milestone year” for Thessaloniki Port

ThPA S.A. announces the financial results in accordance with IFRS for the year ended December 31st, 2025. For another year, dynamic business operations led...

Castor Maritime reports Q4 Net Income of $17.6 Million

Castor Maritime Inc., a diversified global shipping and energy company, announced its results for the three months and year ended December 31, 2025. Highlights of...

Robin Energy reports strong revenue growth

Robin Energy Ltd. announced strong revenue growth in the fourth quarter of 2025, reflecting the growth phase it is in. Total vessel revenue amounted to...

KCC: First quarter 2026 business update

Klaveness Combination Carriers’ preliminary fleet average TCE earnings for the first quarter ended at $33,432/day, approximately $550/day above the guiding range ($31,400-32,900/day). The CABU fleet...

Port of Los Angeles posts solid first quarter performance

The Port of Los Angeles processed 752,520 Twenty-Foot Equivalent Units (TEUs) in March, a slight 3% decrease compared to last year when shippers front-loaded...

The Strait of Hormuz crisis and the lubricant supply chain: What every maritime operator...

The conflict between the United States and Iran has, in just a matter of...

EU to widen Iran sanctions to those who block Hormuz

The European Union will expand the criteria of its Iran sanctions to include those...

NYK Line, Golden Island, and Yara Clean Ammonia unveil landmark partnership to jointly drive...

NYK Bulkship (Asia) Pte. Ltd., Golden Island Pte. Ltd., and Yara Clean Ammonia Norge...

Celestyal Successfully Transits Strait of Hormuz, Leading Safe Passage for Cruise Industry

Celestyal has confirmed the successful and safe transit of both its vessels, Celestyal Discovery...

US seizes Iranian cargo ship, Tehran vows to retaliate

The United States said on Sunday that it had seized an Iranian cargo ship...

Piraeus Port maintains its strategic role as key logistics hub for Eastern Mediterranean and SE Europe

The Port of Piraeus is resilient to the disruptions caused by the conflict in the Middle East on global supply chains. However, downward pressure is...

2025 a “milestone year” for Thessaloniki Port

ThPA S.A. announces the financial results in accordance with IFRS for the year ended December 31st, 2025. For another year, dynamic business operations led...

Port of Long Beach Nation’s busiest seaport through March

The Port of Long Beach moved the most cargo in North America in March and through the first quarter of 2026, Port of Long...

AD Ports Group signs deal explore investment in key Romania port

AD Ports Group, a leading global enabler of trade, industry and logistics solutions, has signed a framework agreement with the National Company Maritime Ports...

Port of Los Angeles posts solid first quarter performance

The Port of Los Angeles processed 752,520 Twenty-Foot Equivalent Units (TEUs) in March, a slight 3% decrease compared to last year when shippers front-loaded...