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Strait of Hormuz: Traffic of vessels down 70%

The number of vessels passing through the Strait of Hormuz has dropped by 70% amid regional tension, according to Marine Traffic. Iran has not officially...

Freight rates and tanker values skyrocket

Against the backdrop of rapidly escalating developments in the Middle East, shipping markets are reacting to the crisis with significant upward pressure on rates. Freight...

Trump orders oil tanker insurance support, says Navy could escort ships in Gulf

The U.S. Navy could begin escorting oil tankers through the Strait of ​Hormuz if necessary, President Donald Trump said on Tuesday, adding he had...

UECC expands fleet with fresh order for eco-friendly PCTC newbuild pair at Chinese yard

United European Car Carriers (UECC) is further expanding its fleet of eco-friendly Pure Car and Truck Carriers (PCTCs) with the order of two additional...

Wallenius Wilhelmsen renews shipping contract with an estimated value of around USD 190m

Wallenius Wilhelmsen renews contract with a global automotive distributor with an estimated net freight value of around USD 190m during a firm period of...

d’AMICO International Shipping S.A. announces the increase of its time charter coverage at very profitable rates

d’Amico International Shipping S.A., a leading international marine transportation company operating in the product tanker market, announces that, since the beginning of the current...

CMB.TECH announces Q4 2025 results; eight VLCCs sold at Stellar Prices

CMB.TECH reported its unaudited financial results today for the fourth quarter ended 31 December 2025.

Boskalis secures contract for the inter-array cable system at the Gennaker Offshore Wind Farm

Royal Boskalis B.V. in consortium with TKF Subsea Solutions B.V. (TKF) recently signed a contract with OWP Gennaker GmbH, as developed by Skyborn Renewables,...

Hafnia Limited announces Financial Results for the three and twelve months ended 31 December 2025

Hafnia Limited, a leading product tanker company with a diversified and modern fleet of over 120 vessels, announced results for the three and twelve...

TORM ends 2025 on “very strong note”

TORM performed well in 2025 with the fourth quarter seeing further positive momentum, demonstrating the agility and resilience of our model during a period...

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Nakilat achieves QAR 1.29 billion net profit for the third quarter of 2026

Qatar Gas Transport Company Q.P.S.C. (Nakilat) announced its consolidated financial results for the third quarter of 2026 ended 30 September 2026, with a net...

Navios Maritime Partners remains focused on investment

Navios Maritime Partners, controlled by Angeliki Frangou, is focusing on disciplined capital allocation, fleet diversification and maintaining a strong balance sheet in a shipping...

Capital Tankers announces successful delivery of dual fuel suezmax tanker & new financing arrangements

Capital Tankers, an international shipping company focused on crude oil transportation, provided an update on its fleet and financing status. Delivery of Dual Fuel Suezmax...

Capital Maritime Finance: Strong investor response opens a new chapter for shipping in Athens

Capital Maritime Finance Corp. (CMF) has successfully completed its public offering, attracting exceptionally strong interest. Total bids amounted to approximately €1.1 billion, making the offering...

Nordea posts 3Q2026 financial results

Nordea released its third-quarter financial results.

Trump’s plan to revive sanctioned tankers faces tough sell

A US plan to rehabilitate sanctioned tankers to boost oil supply may attract only...

Hormuz could be ‘redundant’ in five years, replaced by new routes, HSBC CEO says

Investment in alternative logistics routes in the Gulf to mitigate the impact of ​the...

Celestyal announces new onboard offering for Western Mediterranean sailings

Celestyal has unveiled a new onboard programme for Celestyal Discovery’s first dedicated Western Mediterranean...

Greece and Japan enhance maritime cooperation

Minister of Maritime Affairs and Insular Policy Vassilis Kikilias held a series of meetings...

Iran’s guards say two tankers hit mines in Strait of Hormuz

Iran’s Revolutionary Guards Navy said on Saturday that two oil tankers had caught fire...

MPA and China classification society strengthen partnership for a greener, smarter maritime future

The Maritime and Port Authority of Singapore (MPA) and the China Classification Society (CCS) have renewed their Memorandum of Understanding (MOU) to strengthen collaboration...

AD Ports Progressing in Reducing Emissions Intensity of Operations

AD Ports Group announced the release of its 2025 Sustainability Report, in which it highlights significant progress in its decarbonisation plans, including a 6%...

Container throughput at Piraeus’ Terminals II and III rises 15.3% in September

Container throughput at Terminals II and III at the port of Piraeus rose by 15.3% in September, despite many containerships continuing to divert around...

Piraeus Port Authority hosts Chinese delegation from ports, shipping and logistics sectors

The Piraeus Port Authority (PPA) welcomed a delegation of professionals from China’s ports, shipping and logistics sectors as part of a knowledge and experience...

A.P. Moller Capital agrees to acquire Portek International from Mitsui & Co.

A.P. Moller Capital has signed an agreement, through its A.P. Moller Capital – Emerging Markets Infrastructure Fund II, to acquire 100% of Portek International...