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OOIL: Major revenue and TEU traffic increase

Orient Overseas International Line (OOIL) saw its revenues and volumes increase by 119% and 15.4% respectively in Q2 2021. In latest financial results, the company...

Suez Canal annual revenue hits record $5.84 billion

Egypt’s Suez Canal revenue rose to a record $5.84 billion in its 2020-21 financial year (July-June), up from $5.72 bln in the previous year,...

Port of Antwerp posts growth in first half of 2021

During the first six months of 2021, 120 million tonnes were transhipped through the Port of Antwerp, an increase of 5% compared with the...

‘Unfavorable factors’ clouding Hyundai Heavy – report

Hyundai Heavy Industries Group’s sub-holding company Korea Shipbuilding & Offshore Engineering (KSOE) has already fulfilled over 90 percent of its sales goal this year,...

Gibson Weekly Tanker Market Report [W27]

The 1sthalf of last year may have seen extreme fluctuations as a result of Covid-19 and the oil price war, with the past six...

Aker Solutions seals subsea contract with Aker BP

Aker Solutions ASA has been awarded a substantial contract from Aker BP ASA to provide a subsea production system for the Kobra East &...

Sovcomflot adds two LNG newbuilding having secured TotalEnergies charters

TotalEnergies has declared an option it held with Sovcomflot for two further 174,000 cbm LNG carriers. The vessels will be chartered by TotalEnergies for...

Port of Long Beach Maintains Steady Cargo Flow in June

Cargo moving through the Port of Long Beach remained strong in June as retail spending cooled down while consumers warmed up to summertime recreation...

TAQA, Abu Dhabi Ports planning mega green hydrogen to ammonia project

Abu Dhabi National Energy Company (TAQA), one of the largest listed integrated utilities in the region, and Abu Dhabi Ports, announced on Wednesday they...

Biden to Take Aim at Rail, Sea Shipping Competition

US President Joe Biden will order U.S. transportation agencies in coming days to address competition in rail and sea shipping in an effort to...

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NORDEN reports net profit of USD 11 million (DKK 72 million) in Q1 2026

The net profit for the Group amounted to USD 11 million (DKK 72 million) in Q1 2026, driven by strong Tanker performance but offset...

Teekay Tankers reports 1Q2026 results; and declares dividends

Teekay Tankers reported the Company's results for the three months ended March 31, 2026 and announced that its Board of Directors has declared its...

Costamare Bulkers: Q1 adjusted net income comes in at USD 12.4 mln

Costamare Bulkers Holdings Limited reported unaudited financial results for the first quarter ended March 31, 2026 (“Q1 2026”). Financial Highlights1 and Operational Updates 1. PROFITABILITY -...

TORM plc Q1 2026 results, dividend distribution, and financial outlook 2026

Financial Results In the first quarter of 2026, TORM generated time charter equivalent earnings (TCE) of USD 286m (2025, same period: USD 214m). EBITDA for...

Robin Energy Ltd. reports results for the three months ended March 31, 2026

Robin Energy Ltd., an international ship-owning company providing energy transportation services globally, announced its results for the three months ended March 31, 2026.Highlights of...

Celestyal becomes the first cruise company in Greece to receive SETE’s METRON sustainable tourism...

With an exceptionally high overall ESG score of 93.33% and strong performance across the...

Melina Travlou on Posidonia 2026: Shipping as a force of stability and cohesion

“In an era of geopolitical realignments, uncertainty and multiple crises, shipping remains a force...

UK to contribute drones, jets and warship to Multinational Mission to secure the Strait...

Defence Secretary announced UK contribution to Strait of Hormuz mission at virtual summit of...

Maersk keeps Hormuz transits suspended

We are closely monitoring the evolving situation in the Middle East and would like...

Trump Says Iran Ceasefire on ‘Life Support’ as Hormuz Crisis Deepens

President Donald Trump said on Monday that a ceasefire with Iran was “on life...

APM Terminals Japan signs agreement to decarbonise operations in Yokohama

APM Terminals Japan, a Maersk Group company, has signed a long term offsite corporate Power Purchase Agreement with FPS Inc., sourcing renewable electricity to...

Piraeus Port Authority shows strong resilience despite geopolitical tension

Piraeus Port Authority announced that despite volatility in global logistics driven by geopolitical tensions in the Middle East, the company demonstrated significant resilience, maintaining...

AD Ports Group, CMA Terminals Khalifa Port, and CMA CGM Group sign MoU to extend inland reach across the UAE and wider region

AD Ports Group, a leading global enabler of integrated trade, industry and logistics solutions, today signed a Memorandum of Understanding (MoU) with CMA Terminals...

Stable cargo flows in the Port of Gothenburg despite mixed first-quarter performance

Container handling in the Port of Gothenburg continues to show positive development in terms of loaded cargo volumes. At the same time, the share...

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...