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PPA S.A.: Financial Results for Fiscal Year 2025 – Further Increase in Revenue and EBITDA – Stable Dividend Policy

PPA S.A.: Financial Results for Fiscal Year 2025 – Further Increase in Revenue and EBITDA – Stable Dividend Policy
Piraeus Port Authority S.A. announced its financial results for fiscal year 2025, reporting record-high revenue and EBITDA, as well as strong performance across its key business segments. Total revenue amounted to €250.8 million, increased by 8.6% or €19.9 million...
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Maritime Technologies Forum Announces New Guidelines to Strengthen Safety Management for Ships Using Wind Assisted Propulsion Systems

Maritime Technologies Forum Announces New Guidelines to Strengthen Safety Management for Ships Using Wind Assisted Propulsion Systems
The Maritime Technologies Forum (MTF) today announced the publication of new guidelines to support companies in developing and implementing Safety Management Systems (SMS) for ships equipped with Wind Assisted Propulsion Systems (WAPS). The guidelines offer a...
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War risk insurance cost off highs but still elevated in Persian Gulf

War risk insurance cost off highs but still elevated in Persian Gulf
The Additional War Risk Premium for moving tankers across the Persian Gulf eased in the week ended March 27 as more ships crossed the risky waters of the Strait of Hormuz amid hopes that an agreement may eventually be reached to end the war in the Middle East, market...
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International Chamber of Shipping and International Transport Workers’ Federation engage Gulf States on seafarer and shipping crisis in the Gulf

The International Chamber of Shipping (ICS) and the International Transport Workers’ Federation (ITF) have met representatives from Gulf States to address the ongoing conflict and its direct impact on seafarers and shipping in the Gulf. The meeting comes four weeks...
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Trans-Atlantic clean tanker rates surge on US export rise, Jones Act waiver

Clean tanker rates for Europe-bound cargoes from the US Gulf surged to multiyear highs in March, driven by stronger US refined product exports and tightening vessel availability, market analysts said. Platts assessed the rate to carry a 38,000 metric ton clean cargo...
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