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Shipping Traffic Near Russian Ports Drops

Shipping traffic near Russian ports has fallen by a third since the country’s invasion of Ukraine, a sign of how sanctions and global companies’...

Oil prices could hit $240/bbl in worst case scenario – Rystad Energy

Oil prices could hit $240 per barrel this summer in the worst-case scenario, if Western countries roll out sanctions on Russia’s oil exports, Rystad...

Baltic index nears 3-month peak on higher demand across vessels

The Baltic Exchange’s dry bulk sea freight index jumped to its highest in nearly three months on Thursday, as rates rose across vessel segments....

TEN: Charter extension for two panamax tankers

TEN announced the 24-month extension to the charter of two panamax tankers with the existing charterer, a leading South American oil concern. The employment,...

Diana: Time Charter Contract for m/v Florida

Diana Shipping, a global shipping company specializing in the ownership of dry bulk vessels, announced that, through a separate wholly-owned subsidiary, it has entered...

US LNG exporters emerge as big winners of Europe gas crisis

U.S. liquefied natural gas (LNG) exporters are emerging as big winners of Europe’s supply crisis as they export record volumes to the European Union...

ZIM achieves ‘historically extraordinary results’

ZIM announced its consolidated results for the three and twelve months ended December 31, 2021. Fourth Quarter and Full Year 2021 Highlights Net income for...

OSG slides further into the red

Overseas Shipholding Group, Inc., a leading provider of energy transportation services for crude oil and petroleum products in the U.S. Flag markets, reported results...

Baltic index scales near 3-month peak

The Baltic Exchange’s dry bulk sea freight index hit its highest in nearly three months on Wednesday, helped by a jump in rates across...

Siem Offshore announces plan for re-domiciliation

Siem Offshore Inc (SIOFF) announced a plan for a re-domiciliation of the company whereby a new Norwegian holding company will be established for the...

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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...