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Gibson Weekly Tanker Market Report [W12]

While the sanctions’ list against Russia is growing longer as the days go by, the International Energy Agency (IEA) is warning that Russian exports...

Biden seals LNG deal as EU grapples with energy crunch

The European Union and United States unveiled a deal on Friday to supply Europe with more U.S. liquefied natural gas (LNG), as leaders of...

Rates strengthen to US East Coast as shippers seek to avoid US West Coast

Some further strengthening was seen over the course of the week for trans-Pacific premiums as many US-based importers continued booking cargoes to the US...

ONE presents growth strategy through $20 bln investment plan

Ocean Network Express (ONE) has designed a $20bn investment plan over the next 10 years to help meet decarbonisation targets. Specifically, the $20bn investment...

Hoegh Autoliners fined $5.4m in Brazil after antitrust investigation

The Administrative Council for Economic Defence (CADE) in Brazil issued a fine of approximately BRL 26 million (USD 5.4 million) to Höegh Autoliners for...

China-Europe Rail Lines Become Supply Chain’s Latest Problem

More than a million containers set to ride 6,000-plus miles of railway linking Western Europe to Eastern China via Russia are now having to...

Food supplies running low on foreign ships stuck in Ukraine

Food and medical supplies onboard over 100 foreign flagged ships stuck in Ukraine due to the conflict are running low, with little progress on...

Hyundai Heavy embraces 3rd generation owner family leadership

Chung Ki-sun, grandson of Hyundai Group founder Chung Ju-young, officially takes the helm of the world’s largest shipbuilding group, ushering in the new generation...

U.S. crude, fuel stockpiles fall as demand jumps – EIA

U.S. crude oil and fuel stockpiles fell last week as demand jumped, the Energy Information Administration said on Wednesday, further exacerbating tight world supplies...

Baltic index gains on higher rates for smaller vessels

The Baltic Exchange’s dry bulk sea freight index edged up on Wednesday as gains in the panamax and supramax segments offset a dip in...

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Bahri reports first quarter 2026 results with net profit of SAR 2.15 billion

The National Shipping Company of Saudi Arabia (“Bahri” or the “Company”, 4030 on the Saudi Exchange), the Kingdom’s leading shipping and logistics provider, announced...

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...

Swedish coast guard seizes suspected false flag tanker in Baltic sea

The Swedish Coast Guard said on Sunday it had seized a tanker in the...

Trump says US operation will aid ships stranded in Strait of Hormuz

President Donald Trump said on Sunday the U.S. would start an effort on Monday...

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...

Stable cargo flows in the Port of Gothenburg despite mixed first-quarter performance

Container handling in the Port of Gothenburg continues to show positive development in terms of loaded cargo volumes. At the same time, the share...

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...