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DNV awards MSC, Zhoushan Changhong International, and CIMC ORIC AiP for new 21,700 TEU ammonia powered mega-boxship

DNV has awarded an Approval in Principle (AiP) to the joint consortium of MSC, Zhoushan Changhong International, and CIMC ORIC for a new 21,700...

Russia oil revenue falls by a third on weak crude, strong ruble

The Russian government’s oil proceeds shrank by almost a third in November from a year ago as weaker crude prices and a stronger currency...

Dong Fang Offshore accelerates strategic expansion: signing subsea and cable lay vessel (clv) shipbuilding contract

Dong Fang Offshore (DFO), a leading offshore wind service provider in Asia, today announced the formal signing of a major Subsea and Cable Lay...

Intermodal Weekly Market Report [W48]

Beijing’s release of the first batch of 2026 import quotas has prompted Chinese independent refiners, including both larger and smaller “teapot” refineries, to re-emerge...

Iron ore eases amid policy-meeting watch and softer fundamentals

Iron ore futures settled slightly lower on Wednesday amid weakening demand signals, while traders awaited upcoming economic meetings in China for guidance on potentially...

Corfu Port: Impressive performance, confirming its role as a maritime hub in the Adriatic

Τhe port of Corfu recorded one of the most impressive performances, confirming its role as a powerful maritime hub in the Adriatic. The latest data...

Union of Greek Shipowners praises Greece’s performance at IMO

The Union of Greek Shipowners, whose president is Melina Travlou, congratulated the country on its ceremonial re-election to Category A of the Council of...

Norsepower signs landmark deal with Idemitsu Tankers: first-ever release of VLCC to be equipped with rotor sails

Norsepower, the leading provider of mechanical sails for large vessels, and Idemitsu Tanker Co., Ltd., the shipping arm of Idemitsu Kosan, have announced their...

Eni launches the Phase 2 of Congo LNG ahead of schedule

With the arrival of the Nguya FLNG floating liquefaction unit and the introduction of gas into the new offshore infrastructure system, Eni announces the...

Marco Polo Marine closes 16.7% higher on profit jump, bright outlook; over 100 million shares change hands

Shares of  Marco Polo Marine: 5LY -2.14% ended Tuesday (Dec 2) up 16.7 per cent or S$0.02 at S$0.14, after more than 100 million...

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Kongsberg Maritime begins trading on Oslo Stock Exchange

Kongsberg Maritime ASA, a global leader in maritime technology, begins trading on Euronext Oslo Stock Exchange under the ticker symbol KMAR. The company has...

Qatar’s Nakilat posts 1.3 percent rise in Q1 profit amid geopolitical challenges

Qatar Gas Transport Company Nakilat has reported a rise in net profit for the first quarter of 2026, despite what it described as geopolitical...

2025 a “milestone year” for Thessaloniki Port

ThPA S.A. announces the financial results in accordance with IFRS for the year ended December 31st, 2025. For another year, dynamic business operations led...

Castor Maritime reports Q4 Net Income of $17.6 Million

Castor Maritime Inc., a diversified global shipping and energy company, announced its results for the three months and year ended December 31, 2025. Highlights of...

Robin Energy reports strong revenue growth

Robin Energy Ltd. announced strong revenue growth in the fourth quarter of 2025, reflecting the growth phase it is in. Total vessel revenue amounted to...

Greek-managed vessel confirmed seized by Iran in Hormuz Strait

A Greek-managed container ship has been seized by Iranian forces in the Strait of...

Iran seizes two ships in Hormuz αfter Trump halts attacks indefinitely

Iran seized two ships in the Strait of Hormuz on Wednesday, tightening its grip...

Military planners to discuss Hormuz reopening in London

Military planners from more than 30 countries will hold two-day talks in London from...

Wärtsilä launches next-generation simulation platform to support future-ready maritime training

Technology group Wärtsilä announces the launch of NTPRO 7, a next‑generation bridge and ship‑handling...

The Strait of Hormuz crisis and the lubricant supply chain: What every maritime operator...

The conflict between the United States and Iran has, in just a matter of...

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...

Piraeus Port maintains its strategic role as key logistics hub for Eastern Mediterranean and SE Europe

The Port of Piraeus is resilient to the disruptions caused by the conflict in the Middle East on global supply chains. However, downward pressure is...

2025 a “milestone year” for Thessaloniki Port

ThPA S.A. announces the financial results in accordance with IFRS for the year ended December 31st, 2025. For another year, dynamic business operations led...