Authorities in Danang have approved the investor for the Lien Chieu Container Port project, a major infrastructure development worth more than USD 1.7 billion. The winning consortium includes Hateco Group, …
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The International Maritime Organization (IMO) will hold an Extraordinary Session of its Council to address the impacts on shipping and seafarers of the situation in the Arabian Sea, the Sea …
HD Hyundai Heavy Industries announced on 16 March that it had secured an order for 10 container ships valued at around US$557M, with an undisclosed Asian shipping company named as …
Seadrill Limited announced a leadership change, effective immediately. Samir Ali, Executive Vice President, Chief Commercial Officer, has been appointed President and Chief Executive Officer, succeeding Simon Johnson. Julie J. Robertson, …
Several U.S. allies rebuffed Donald Trump’s call on Monday to send warships to escort shipping through the Strait of Hormuz, drawing criticism from the U.S. president, who accused Western partners …
Shipping is offering the world an energy security “cushion”, with 1.7 billion barrels of crude oil currently at sea. The research department of Xclusiv Shipbrokers, led by Dimitris Roumeliotis and …
Shipowner Paschalis D. Diamantidis continues to invest dynamically in the ship market, further strengthening his companies’ fleet. The most recent addition is the tanker Velos Turquoise, which joined the Velos …
Stolt-Nielsen Limited, through its subsidiary Stolt-Nielsen Gas Ltd., announced that it has entered into a share purchase agreement to sell 50% of Avenir LNG Limited (Avenir LNG) to Nippon Yusen …
Dynacom Tankers Management has signed a new agreement for the construction of four additional VLCC (Very Large Crude Carrier) crude oil tankers, each with a capacity of 300,000 dwt, further …
JP Morgan-backed interests are reported to have firmed up a Suezmax shipbuilding project in South Korea, marking a new contract in the highly sought-after crude tanker segment. Riviera reported last …
HD Hyundai Heavy Industries (HHI) signed an agreement Friday to sell its dockyard in Gunsan, North Jeolla Province, to the largest shareholder of HJ Shipbuilding & Construction (HJSC), raising expectations …
Traffic through the Strait of Hormuz nearly ground to a halt March 12, according to tracking data, with just one vessel observed to transit the critical waterway, as Iran’s newly …
President Donald Trump said on Sunday his administration is talking to seven countries about helping to secure the Strait of Hormuz amid the U.S.-Israeli war on Iran, calling on them …
European Union foreign ministers will discuss on Monday bolstering a small naval mission in the Middle East but are not expected to decide on extending its role to the choked-off …
The Piraeus Port Authority announced the arrival of the ship “Tourmaline AceCE” at the port of Piraeus. Mitsui O.S.K. Lines is among the leading maritime vehicle transport companies worldwide, with …
Russia’s state-controlled leading tanker group Sovcomflot said on Friday that its net loss in 2025 amounted to $648.4 million. The group’s earnings before interest, tax, depreciation and amortisation (EBITDA) fell …
NYK Group has reached an agreement with the Norwegian shipping company Westfal- Larsen Group to fully acquire Saga Welco. Saga Welco, a Norwegian shipping operator specializing in transporting cargo via …
Russia’s state-controlled leading tanker group Sovcomflot said on Friday that its net loss in 2025 amounted to $648.4 million. The group’s earnings before interest, tax, depreciation and amortisation (EBITDA) fell …
Wallenius Wilhelmsen renews contract with a global automotive distributor with an estimated net freight value of around USD 190m during a firm period of two years. “We are pleased to …
Energean announced on Thursday it would acquire Chevron’s two offshore Angola oil blocks for a base consideration of 260 million dollars. More specifically, the company said that it has signed …
Seanergy Maritime Holdings Corp. announced that it has agreed to acquire two scrubber-fitted 181,500 dwt Capesize vessels to be constructed at a first-class shipyard in Japan and has entered into …
Orient Overseas International Ltd. warned that the escalating conflict in the Middle East poses further uncertainty to the industry, after an array of geopolitical woes eroded last year’s earnings. “Geopolitical …
A new state-of-the-art LNG bunkering vessel, the Alisios LNG, was launched at the port of Huelva in southwestern Spain by Enagás CEO Arturo Gonzalo and Axpo Iberia Managing Director Ignacio …
Yang Ming Marine Transport Corporation held its 411th Board Meeting and approved the financial results for 2025. For the year, Yang Ming reported consolidated revenues of NT$ 163.56 billion (US$ …
Reference is made to the stock exchange announcement by Golden Energy Offshore Services ASA on 12 December 2025 where the Company informed of its commitment to a near-term sale of …
Dynacom Tankers Management has taken delivery of yet another newly built tanker vessel. Specifically, the MT PSERIMOS, which was built in China, was delivered to Dynacom during a ceremony which …
DP World announced record financial results for 2025, with revenue up 22% to $24.4 billion, and adjusted EBITDA up 18% to $6.4 billion (margin 26.3%), driven by strong performance across …
MSC Group has signed a 45-year concession agreement with Nigerdock to develop a state-of-the-art container terminal within Snake Island Port (SIP) in Lagos, and finalized an Engineering, Procurement, and Construction …
“Despite increasing trade policy uncertainty and falling freight rates, the container ship order book has continued to expand. It now totals more than 1,350 ships with a combined capacity of …
Robin Energy Ltd., an international ship-owning company providing energy transportation services globally, announces that its Board of Directors has decided, at the recommendation of its special committee of disinterested and …
All 22 Georgian crew members aboard a Greek-owned tanker with Maltese flag are reported to be in good health after the vessel was struck by what is believed to have …
Navigator Gas has released its preliminary financial results for the fourth quarter of 2025. Fourth Quarter Financial Highlights On March 11, 2026, pursuant to the Company’s Capital Return Policy, the …
Yangzijiang Shipbuilding (Holdings) Ltd. has signed definitive agreements to acquire a 10% equity interest in Poseidon Corp. for an aggregate consideration of $1.05b (US$825.7m). The purchase involves approximately 29.18 million …
d’Amico International Shipping has announced the purchase of two new Medium Range 2 product tanker vessels. The transaction was carried out by its subsidiary d’Amico Tankers D.A.C., which exercised the …
Iranian crude oil has continued to flow through the Strait of Hormuz at a near-normal pace even as Tehran-linked attacks on ships in the narrow waterway have decimated exports from …
Iran has deployed about a dozen mines in the Strait of Hormuz, two sources familiar with the matter said, in a move likely to complicate the reopening of the narrow …
Imperial Petroleum Inc. announced that its Board of Directors has approved a share repurchase program and authorized the officers of the Company to repurchase, from time to time, up to …
Imperial Petroleum Inc., a ship-owning company providing petroleum products, crude oil, and drybulk seaborne transportation services, announced a dividend of $0.546875 per share on its 8.75% Series A Cumulative Redeemable …
A cargo vessel was hit by an unknown projectile in the Strait of Hormuz, resulting in a fire onboard and prompting the crew to evacuate and request assistance, according to …
Lauritzen Bulkers has announced its 2025 financial results, closing a year characterised by rapid market shifts, tariff-related disruptions, and heightened geopolitical uncertainty. In this environment, we delivered record-high activity levels …
Thailand’s Precious Shipping Public Company Limited (PSL) reported that four of its wholly owned Singapore subsidiaries, namely Precious Glories, Precious Wisdom, Precious Sparks and Precious Bridges, have entered into Japanese …
Pangaea Logistics Solutions Ltd., a global provider of comprehensive maritime logistics solutions, announced today its results for the three months ended December 31, 2025. FOURTH QUARTER 2025 RESULTS • GAAP …
The Strait of Hormuz remains effectively closed to almost all but Iran-linked traffic with the conflict in the Middle East now in its second week. Oil markets reacted to Trump’s …
The International Maritime Union in Greece welcomes the new EU Ports Strategy promoted by the European Commission, which aims to strengthen the competitiveness, safety, resilience and sustainability of European ports. …
Celestyal continues to monitor developments in the Middle East and remains in regular contact with the relevant authorities in the region. All guests have now safely disembarked Celestyal Discovery in …
According to shipping market sources, Aegean Shipping Management has sold a tanker vessel for $71 million. Specifically, sources suggest the vessel in question is the Green Attitude, with a capacity …
A subsidiary of Klaveness Combination Carriers ASA (“KCC” or the “Company”) has secured a two-year time charter for MV Bass (built 2021). The main terms of the time charter with …
ZIM Integrated Shipping Services Ltd., a global container liner shipping company, announced its consolidated results for the three and twelve months ended December 31, 2025. Fourth Quarter and Full Year …
Capital Clean Energy Carriers Corp., an international owner of ocean-going vessels, announces that Martin Houston has been appointed Chairman of the company with Keith Forman moving to a new role …
Danaos Corporation has ordered two more Newcastlemax newbuildings at Chinese shipyards, implementing a diversified investment program to build four ships. The company confirmed the new order for the construction of …
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