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Genco Shipping & Trading Limited confirms receipt of revised offer from Diana Shipping Inc.

Genco Shipping & Trading Limited, the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, issued the following statement regarding the...

Chevron: Expanded exploratory footing in Greece under consideration

The official entry of Chevron into Block 10 in the southern Ionian Sea has brought back into focus the possibility of a second exploratory...

QatarEnergy ready to restart LNG output, reach current capacity in one month, source says

QatarEnergy is ready to resume liquefied natural gas production ​at its Ras Laffan LNG plant very quickly ‌and could reach within a month full...

UK clamps down on shady networks supplying Putin’s illegal war with new sanctions package

UK announces major new sanctions package choking off Russia’s war effort across multiple fronts. UK announces 70 new sanctions targeting Russia’s decrepit shadow fleet, military...

Trump administration to immediately lift Iranian oil sanctions under new agreement

The U.S. will allow Iran to immediately begin selling oil and fuel under the memorandum of understanding the two sides reached to end the...

Port of Los Angeles may cargo volume climbs 17%

The Port of Los Angeles processed 840,165 Twenty-Foot Equivalent Units (TEUs) in May, 17% above last year as import volume increased amid continued uncertainty...

Transocean Ltd. announces contract awards totaling $185 million

Transocean Ltd. announced contract awards for two of its harsh environment semisubmersibles. In aggregate, the fixtures represent approximately $185 million in firm contract backlog. The...

LPG shipping rates fall despite surge in exports

The LPG carrier market got off to a weak start this summer as freight rates began to retreat – particularly on routes to Asia...

Joint Statement by BIMCO, ICS, INTERTANKO and INTERCARGO: “Global shipping industry associations condemn recent attack on seafarers”

BIMCO, the International Chamber of Shipping (ICS), INTERTANKO and INTERCARGO, unanimously condemns recent attacks on seafarers and commercial shipping in and around the Strait...

Scouring the Strait of Hormuz for mines could take weeks

Ensuring the Strait of Hormuz is safe from mines could delay a return to normal shipping traffic by weeks following a deal to reopen...

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Nakilat achieves QAR 1.29 billion net profit for the third quarter of 2026

Qatar Gas Transport Company Q.P.S.C. (Nakilat) announced its consolidated financial results for the third quarter of 2026 ended 30 September 2026, with a net...

Navios Maritime Partners remains focused on investment

Navios Maritime Partners, controlled by Angeliki Frangou, is focusing on disciplined capital allocation, fleet diversification and maintaining a strong balance sheet in a shipping...

Capital Tankers announces successful delivery of dual fuel suezmax tanker & new financing arrangements

Capital Tankers, an international shipping company focused on crude oil transportation, provided an update on its fleet and financing status. Delivery of Dual Fuel Suezmax...

Capital Maritime Finance: Strong investor response opens a new chapter for shipping in Athens

Capital Maritime Finance Corp. (CMF) has successfully completed its public offering, attracting exceptionally strong interest. Total bids amounted to approximately €1.1 billion, making the offering...

Nordea posts 3Q2026 financial results

Nordea released its third-quarter financial results.

Trump’s plan to revive sanctioned tankers faces tough sell

A US plan to rehabilitate sanctioned tankers to boost oil supply may attract only...

Hormuz could be ‘redundant’ in five years, replaced by new routes, HSBC CEO says

Investment in alternative logistics routes in the Gulf to mitigate the impact of ​the...

Celestyal announces new onboard offering for Western Mediterranean sailings

Celestyal has unveiled a new onboard programme for Celestyal Discovery’s first dedicated Western Mediterranean...

Greece and Japan enhance maritime cooperation

Minister of Maritime Affairs and Insular Policy Vassilis Kikilias held a series of meetings...

Iran’s guards say two tankers hit mines in Strait of Hormuz

Iran’s Revolutionary Guards Navy said on Saturday that two oil tankers had caught fire...

MPA and China classification society strengthen partnership for a greener, smarter maritime future

The Maritime and Port Authority of Singapore (MPA) and the China Classification Society (CCS) have renewed their Memorandum of Understanding (MOU) to strengthen collaboration...

AD Ports Progressing in Reducing Emissions Intensity of Operations

AD Ports Group announced the release of its 2025 Sustainability Report, in which it highlights significant progress in its decarbonisation plans, including a 6%...

Container throughput at Piraeus’ Terminals II and III rises 15.3% in September

Container throughput at Terminals II and III at the port of Piraeus rose by 15.3% in September, despite many containerships continuing to divert around...

Piraeus Port Authority hosts Chinese delegation from ports, shipping and logistics sectors

The Piraeus Port Authority (PPA) welcomed a delegation of professionals from China’s ports, shipping and logistics sectors as part of a knowledge and experience...

A.P. Moller Capital agrees to acquire Portek International from Mitsui & Co.

A.P. Moller Capital has signed an agreement, through its A.P. Moller Capital – Emerging Markets Infrastructure Fund II, to acquire 100% of Portek International...