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European forwarders call for urgent EC probe into ‘distorted’ liner market

Freight forwarder association Clecat is asking the EC competition directorate to urgently investigate what it claims are “distortions” in the liner shipping market. Clecat...

Dutch Coastguard Searches North Sea For Lost Shipping Containers

The Dutch coastguard said on Saturday it was trying to locate 26 empty shipping containers lost on the North Sea during Storm Eunice on...

Asian refiners eager to resume Iranian oil imports as high prices bite

Asian refiners, traditionally big buyers of Iranian oil, are keen to resume imports from Iran if there is an agreement to revive a 2015...

Gibson Weekly Tanker Market Report [W07]

In recent years, despite holding the largest oil reserves in Africa and the 9th largest reserves in the world estimated at 48.40 billion barrels,...

Lithium-ion Batteries From Electric Vehicles Aboard The Felicity Ace Are Keeping The Fire Alive

Firefighters are struggling to put out a fire that broke out on Wednesday on a vessel carrying thousands of luxury cars, which is adrift...

Frontline posts modest fourth-quarter profit

Frontline reported unaudited results for the three and twelve months ended December 31, 2021. Highlights • Net income of $19.8 million, or $0.10 per basic...

MISC Group posts rise in LNG and gas shipping earnings

MISC Group announced its financial results for the financial year ended 31 December 2021. The Malaysian company with 32 LNG carriers in its operations and...

Dalian iron ore futures fall for fourth day

China’s benchmark iron ore futures dropped for the fourth straight session on Thursday, shedding more than 5% and denting steel prices as investors were...

Baltic index dips on slow capesize vessel activity

The Baltic Exchange’s dry bulk sea freight index fell to a one-week low on Thursday, as the larger capesize vessel index posted losses for...

Fire Breaks Out on Cruise Ship Near Greek Coast

An Italian cruise ship carrying 237 passengers and more than 50 crew members is on fire off the coast of Greece in the Ionian...

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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...

Costamare orders 16 containerships in China; posts USD 75 mln net income in Q1

Costamare Inc. reported unaudited financial results for the first quarter ended March 31, 2026 (“Q1 2026”).

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...

Seafarer shares first-hand account with IMO about being stranded in the Persian Gulf

IMO Secretary-General Arsenio Dominguez has called on all Member States to support efforts to...

Columbia Group names Andreas Hadjipetrou new CEO

Columbia Group has appointed Andreas Hadjipetrou as its new Chief Executive Officer, with Demetris...

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...

High-level meeting on European strategies for the maritime industry and ports

A high-level meeting on the implementation of the European Maritime Industrial Strategy and the European Ports Strategy will be hosted in Athens on April...