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Korean Shipbuilder Sees Hydrogen Shipping Ready by 2025

Korea Shipbuilding & Offshore Engineering (KSOE) expects to have the technology to transport hydrogen by ship by 2025, an executive said, targeting a breakthrough...

EU blocks Daewoo – Hyundai merger

The European Union on Thursday blocked the merger of South Korean shipbuilding giants Daewoo and Hyundai over concerns about restricting supplies of large liquified...

EU shipping plan leaves millions of tonnes of CO2 unregulated – study

European Commission proposals to bring shipping into the bloc’s carbon market contain exclusions for small commercial and military vessels that would leave millions of...

Closing Of Stonepeak’s Acquisition of Teekay LNG

Teekay Corporation announced the closing of the previously announced merger of Teekay LNG with investment vehicles managed by Stonepeak. As part of the Merger,...

Baltic index extends losing streak to 5th day on falling vessel rates

The Baltic Exchange’s dry bulk sea freight index fell for a fifth straight session on Thursday, and touched a fresh 10-month low on waning...

Supply Chains Brace for Impact as Omicron Hits China

An omicron outbreak in China is sending jitters through supply chains as manufacturers and shippers brace for disruption inside the world’s-biggest trading nation if...

SC Ports achieves record volumes in 2021

South Carolina Ports had its best calendar year in history in 2021 as the SC Ports team and broader maritime community efficiently handled an...

Argentine grains ships cutting cargoes by 30%

Argentine grains ships leaving the main grains port hub of Rosario are having to cut cargoes by some 30% due to a renewed “record”...

Uncertainty to dominate in West of Suez clean tankers markets in 2022

A dismal year for clean tanker earnings over most of 2021 ended with some improvement across a number of vessel classes in the fourth...

Weak demand across vessels drags Baltic index to 10-month low

The Baltic Exchange’s dry bulk sea freight index extended losses on Wednesday to a 10-month low, pressured by lower rates across all its vessel...

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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...