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Containership crew kidnapped by pirates in Gulf of Guinea – reports

According to initial unconfirmed reports, up to nine crew have been kidnapped in a pirate attack on a container ship in the Gulf of...

Kawasaki Heavy Industries Sets Sights on Carbon Neutrality in 2030

Japan’s Kawasaki Heavy Industries said it aims to achieve carbon neutrality in its domestic factories and offices in 2030 by using electricity generated by...

North P&I Club outlines sustainability strategy in inaugural Impact Report

The first North Group Impact Report highlights the Club’s extensive commitments to sustainability and “ambitious but achievable” targets for the years ahead. To provide insight...

China, India solve local coal supply, but seaborne prices stay high

China and India appear to have largely resolved their domestic coal supply issues, but their success in boosting output has yet to be fully...

Baltic index slips to over 1-week low as larger vessel rates slide

The Baltic Exchange’s dry bulk sea freight index fell to its lowest level in more than a week on Monday, pressured by easing rates...

Hyundai, Daewoo tie-up faces EU antitrust veto, sources say

South Korean shipbuilder Hyundai Heavy Industries’ proposed acquisition of rival Daewoo Shipbuilding & Marine Engineering Co Ltd is set for an EU antitrust veto...

LNG shipping rates ease but market vulnerable to Asian winter demand

Asia-Pacific LNG shipping rates have eased from record highs as Asian spot LNG demand has softened due to moderate weather, healthy inventories at North...

Shipping lines eye further increases in mid-December

All-inclusive trans-Pacific container shipping rates to North America held steady in the week to Dec. 10 with the expectation that shipping lines would push...

Gibson Weekly Tanker Market Report [W49]

The world is changing rapidly around us. One thing that has significantly changed over the last two years is that the environment is much...

OSG Announces Charter Options for Two Vessels

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

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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...