Höegh Autoliners ASA – Exercise of option to purchase Höegh Copenhagen
Höegh Autoliners ASA has declared an option to purchase the leased vessel Höegh Copenhagen (IMO 9420057) for a purchase price of USD 36.5 million from its Owner. The average market value of the vessel...
View ArticleZIM posts “outstanding performance” in 2024
ZIM Integrated Shipping Services, a global container liner shipping company, announced its consolidated results for the three and twelve months ended December 31, 2024. Fourth Quarter and Full Year...
View ArticleNavigator Holdings sees profit rise in Q4
Navigator Gas announced preliminary Fourth Quarter and Financial Year 2024 Results. Fourth Quarter Financial Highlights On March 12, 2025, the Board of Navigator Holdings Ltd. declared a cash dividend...
View ArticleGreek shipowners “build” 602 ships in Asian shipyards
The number of commercial ocean-going ships under construction by Greek interests currently stands at 602. Greek shipowners continue their investment “rally”, building modern, quality ships in Asian...
View ArticleAttica Group: Turnover up 27%
Attica Group announced a significant increase in its turnover, while for the first time the operations of the absorbed ANEK are integrated in the entire fiscal year 2024. More specifically, the...
View ArticleBaltic index at 17-week high on higher rates for all vessel segments
The Baltic Exchange’s dry bulk sea freight index, which monitors rates for vessels moving dry bulk commodities, hit a 17-week peak on Thursday as rates for all vessel segments rose. The main index,...
View ArticleOOIL sees profit nearly double in the previous year
Orient Overseas announced a profit attributable to equity holders of US$2,577.4 million for 2024, compared to a profit of US$1,367.9 million in 2023. Earnings per ordinary share in 2024 was US$3.90,...
View ArticleSale of FPSO BW Pioneer with five-year O&M contract with the buyer
BW Offshore has signed an agreement for the sale of the FPSO BW Pioneer for USD 125 million to a subsidiary of Murphy Oil Corporation, the operator of the Cascade & Chinook field. The transaction...
View ArticleGulf Navigation gets green light to buyout Brooge Energy assets
The Dubai shipping firm Gulf Navigation has ticked off one major milestone in its ongoing turnaround by getting shareholder approval to take over the assets and companies owned by Brooge Energy Ltd....
View Articled’Amico delivers strong financial performance in 2024
The Board of Directors of d’Amico International Shipping S.A., a leading international marine transportation company operating in the product tanker market, examined and approved the Company’s draft...
View ArticleDP WORLD reports record revenue of $20.0 billion and EBITDA of $5.5 billion
DP World Limited has announced financial results for the year ended 31 December 2024. On a reported basis, revenue grew by 9.7% to $20.0 billion and adjusted EBITDA³ rose by 6.7% to $5.5 billion with...
View ArticleShell delivered record amount of LNG fuel to ships in 2024
Shell Plc said it delivered record volumes of liquefied natural gas to power ships last year, boosting the use of a fuel that’s become crucial to the energy transition. The company’s deliveries...
View ArticleTrade rises at Port of Long Beach in February
Trade moving through the Port of Long Beach rose for a ninth consecutive month in February as retailers continued to move goods ahead of anticipated tariffs placed on some imported products and...
View ArticleStylianides: Cruises are a key pillar of the Greek tourism industry and economy
The Minister of Maritime Affairs and Insular Policy, Christos Stylianides, participated in the 4th European Summit 2025 of CLIA (Cruise Lines International Association), taking place in Rotterdam, the...
View ArticleGreece: Vasilis Kikilias appointed new Shipping Minister
In government reshuffle last week, Greece’s Prime Minister Kyriacos Mitsotakis appointed Vasilis Kikilias as the new Minister of Shipping and Island Policy, succeeding Christos Stylianides. Kikilias...
View ArticleSafe Bulkers cites potential “reefs” for the dry bulk market
Geopolitical tensions, tariffs, new environmental requirements and supply and demand determinants are potential “reefs” for the dry bulk market, according to the annual report of the listed Safe...
View ArticleUS vows to keep hitting Houthis until shipping attacks stop
The United States will keep attacking Yemen’s Houthis until they end attacks on shipping, the U.S. defense secretary said on Sunday, as the Iran-aligned group signaled it could escalate in response to...
View ArticleChina ramps up criticism of BlackRock Ports deal
Chinese authorities increased pressure on CK Hutchison Holdings over its plan to sell its Panama ports stake by sharing a second newspaper commentary attacking the deal. The Hong Kong and Macau...
View ArticleBaltic index snaps seven-session winning streak
The Baltic Exchange’s dry bulk sea freight index, which monitors rates for vessels moving dry bulk commodities, fell on Monday to snap a seven-session winning streak on weaker capesize rates. The main...
View ArticleIron ore drops as China property data raises demand concerns
Iron ore futures slumped on Monday, as a series of property data from top consumer China heightened concerns over the uncertain demand outlook, already clouded by the global trade war. The most-traded...
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