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China iron ore futures drop on worries over local Omicron cases

Benchmark iron ore futures in China fell 2% on Monday, hit by concerns of disruptions to production and transportation in downstream sectors, after the...

Baltic index falls to 2-week low as panamax, supramax rates slip

The Baltic Exchange’s dry bulk sea freight index fell to a more than two-week low on Monday, as a decline in smaller vessel rates...

Tianjin city tests 14m people for COVID after cluster

The Chinese port city of Tianjin is aiming to test its 14 million residents within the next 48 hours after the discovery of a...

Royal Caribbean Pauses Sailings Due To Omicron Concerns

Royal Caribbean Cruises Ltd has paused some of its cruise operations amid rising numbers of COVID-19 infections due to the Omicron variant. The sailings...

Indonesia Holds Talks On Coal Export Ban

Indonesia is yet to reach a decision on lifting its coal export ban as authorities discussed overcoming logistic issues that have slowed efforts to...

Ningbo port congestion risk grows amid COVID crackdown

Loading and discharge of container vessels is proceeding normally at the Port of Ningbo, but backlogs there are in the forecast because lockdown restrictions...

Gibson Weekly Tanker Market Report [W01]

The first key item on the agenda for oil markets was the January 4th OPEC+ meeting in which the alliance decided to maintain its...

Iron ore sees solid first week of 2022 on China demand hopes

Iron ore was poised to book solid gains for the week, despite a mixed morning session in Shanghai on Friday, as traders returned from...

Dorian LPG Declares Cash Dividend of $1.00/share; Announces Completion of Financing Transactions for 2 VLGCs

Dorian LPG, a leading owner and operator of modern and ECO very large gas carriers, announced that its Board of Directors has declared a...

Navios Holdings: Repayment of Ship Mortgage Notes; Closing of Debt Financing

Navios Holdings, a global seaborne shipping and logistics company, announced that it closed on a total of $550 million of debt financing. As previously announced,...

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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...