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Gibson Weekly Tanker Market Report [W06]

When Lopez Obrador was elected as the Mexican president, a key policy pledge of his election campaign was to rescue the country’s energy industry......

Return of Panama Canal extended wait times hits LNG market, freight economics

Increased transit volumes at the Panama Canal pushed wait times higher for clean petroleum product and unreserved LNG tankers during the week ended Jan....

Asian wheat buyers in a pickle on Australian quality downgrades

The global supply of high-quality wheat is set to tighten in the first half of 2022, as the commencement of the La Nina weather...

Solstad: Contract awards within renewable energy

Solstad Offshore ASA (Solstad) announced the following contract awards from clients within renewable energy for three of its subsea vessels (CSV): Normand Australis, a 150...

Port of Long Beach Has Busiest January on Record

The Port of Long Beach kicked off the new year with its busiest January on record, boosted by efforts to successfully move aging cargo...

ZIM: New Chartering Agreement with Navios for 13 Vessels

ZIM announced a new charter agreement with Navios Maritime Partners L.P., according to which ZIM will charter a total of thirteen container vessels comprising...

Supramax demand strong on Indonesia-India coal route

Demand remains strong for Supramaxes to ship coal on Indonesia-India routes — despite a 40% spike in freight rates — due to logistical and...

Concordia Maritime comes out of the year in deficit

Concordia Maritime finished 2021 with an operating loss (EBITDA) of SEK 82.6m (USD 8.9m) and a pre-tax deficit of SEK 658.2m. The company announced its...

Baltic index scales 1-month peak as rates across vessel segments rise

The Baltic Exchange’s dry bulk sea freight index rose to a near one-month high on Thursday, helped by a jump in rates across vessel...

Keppel O&M wins new contracts, including FSRU deal with GAS-fifteen

Keppel Offshore & Marine has won new contracts worth an estimated $186 million. Specifically, Keppel Shipyard has been awarded contracts worth approximately S$250 million for...

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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...