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Finance

Keep informed with daily analysis and insight into shipping’s relationship with financial markets
including company results, credit reports and investment decisions

Diana pulls takeover bid for Genco as recriminations go on

Greek bulker owner withdraws offer for outstanding Genco shares as target’s long-awaited response reveals huge gap in ideas about company’s value

Dry Bulk Consolidation

CK Hutchison ports throughput slips as Panama force-out bites

Panama’s termination of CK Hutchison’s port concessions weighed on its 1H26 results

Ports and Logistics Political Risk and Trade

DFDS lifts guidance following 2Q earnings jump as new CEO takes up position

New chief executive said improving financial performance would be a key priority to deliver satisfactory shareholder returns while enabling future network investment

Finance Roro

Euroseas posts another stellar quarter as boxship demand remains buoyant

Market continues to shrug off effects of geopolitics and inflation, according to Aristides Pittas

Containers Finance

Hapag-Lloyd maintains Zim deal timeline as Q2 earnings improve

Strong Asian export growth, recovering US demand and tighter supply-demand conditions have supported higher freight rates

Containers Finance

Jebel Ali port traffic slump costing DP World $100m per month

DP World posted resilient earnings as its global ports and logistics network helped soften the blow of the loss of container volumes at its UAE flagship port of Jebel Ali, where the Hormuz closure has wiped out vessel traffic

Strait of Hormuz crisis Containers

Norden raises 2026 guidance as dry cargo recovery and tanker strength lifts Q2 results

Norden expects tanker and dry bulk markets to remain supportive through the rest of 2026, underpinned by commodity demand and constrained vessel supply

Dry Bulk Finance

Maersk lifts profit forecast again as Hormuz disruption helps drive earnings

Maersk’s Ocean business benefited from a 22% rise in average freight rates and consistently high vessel utilisation, while loaded volumes increased 4.1%.

Containers Strait of Hormuz crisis

Tanker buying boom raises concerns over secondhand ship inspections, says Idwal

In a buoyant tanker market, competitive pressure is causing some buyers to cut corners on inspections when buying secondhand ships

Tankers and Gas Sale and Purchase

Wallenius Wilhelmsen expects tight PCTC capacity to support high fleet utilisation through end-2026

Oslo-listed vehicle carrier operator kept its 2026 ebitda guidance unchanged but warned that higher bunker costs and Middle East-related risks remain key uncertainties

Finance Roro

Hanwha bids up to $1.2bn for Austal’s US shipbuilding unit

Hanwha’s tentative offer signals deepening South Korea-US ties aimed at revitalising American shipbuilding

Finance Consolidation

Star Bulk withdraws from Genco pursuit but Diana fights on

Mutual termination of $470m side deal for Star Bulk to acquire 16 Genco bulkers following completion of a merger will have ‘no effect’ on Diana’s ability to fund transaction

Dry Bulk Consolidation
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