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Environment

Shipping: LNG is a “protagonist” in green transition

Liquefied natural gas (LNG) is emerging as a leading player in the decarbonization of shipping, responsible for approximately 3% of global emissions. Given the...

Nations ratify first global treaty to protect ocean life

As climate impacts multiply, a landmark United Nations treaty to protect ocean lifewill go into effect in January. Sierra Leone and Morocco on Friday provided...

Green energy: A high-level EU delegation inaugurates Cleanergy Solutions Namibia with President Netumbo Nandi-Ndaitwah

On Thursday in Namibia the first large-scale solar-powered green hydrogen facility, Cleanergy Solutions Namibia, was launched in presence of Her Excellency Netumbo Nandi-Ndaitwah, President...

Climate action in shipping: Progress towards shipping’s 2030 breakthrough

The report, “Climate Action in Shipping, Progress towards Shipping’s 2030 Breakthrough,” tracks progress towards the target of ensuring that at least 5% of the...

Panama Canal announces implementation of the NetZero slot to advance maritime decarbonization

The Panama Canal announced the launch of the NetZero Slot, a new category within its transit reservation system designed to encourage the decarbonization of...

Specialized organization to promote “green” investments in coastal shipping

The creation of a specialized organization to promote “green” investments in coastal shipping, including new shipbuilding, is proposed by the president of the Αssociation...

US tells countries to reject UN ship fuel emissions deal or face tariffs – report

The United States has told countries to reject a United Nations’ marine fuel emissions-cutting deal or face tariffs, visa restrictions and port levies, U.S....

The Caravel Group and Celsius Tankers Partner to Co-Own and Operate Green Fleets of the Future

The Caravel Group and Celsius Tankers announce the formation of a strategic joint venture to co-own and operate a new fleet of high-specification LNG...

Japan Engine: The world’s first complete commercial ammonia fueled engine has been accomplished

Japan Engine Corporation (J-ENG) accomplished the first fully-functional full-scale commercial engine 7UEC50LSJA-HPSCR (50 cm bore, 7 cylinders, with High Press. SCR) on August 30,...

Performance Shipping: Holding firm on the road to a green future

Performance Shipping is investing in “green” ships in order to further reduce its environmental footprint. According to the ESG report for 2024, an impressive 13.6%...

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Castor Maritime announces $50.0 million Debt Financing and Full Redemption of the 8.75% Series E Cumulative Perpetual Convertible Preferred Shares

Castor Maritime, a diversified global shipping and energy company, announces the signing of a $50.0 million sustainability-linked senior term loan facility with a European...

Konstantakopoulos issued special stock by Costamare

Costamare announced that it has entered into a Stock Subscription Agreement with Konstantinos Konstantakopoulos, pursuant to which Mr. Konstantakopoulos will purchase 1,200 shares of...

C3is Inc. announces closing of $2 million registered direct offering

C3is Inc., a ship-owning company providing dry bulk and tanker seaborne transportation services, today announced the closing of its previously announced registered direct offering...

Panama Canal posts $5.7 bln in FY2025 revenue, transits jump 19%

The Panama Canal said revenues rose around 14.4% in its fiscal year 2025 to $5.7 billion, based on preliminary and unaudited figures, authorities said...

Trafigura secures USD3.4 billion-equivalent Syndicated Revolving Credit Facility and Term Loan Facilities

Trafigura Group Pte Ltd, a market leader in the global commodities industry, announced the closing of its new Syndicated Revolving Credit Facility and Term...

Seaspan strengthens fleet efficiency through comprehensive vessel retrofits and upgrades

Seaspan provides an update on its SAVER (Seaspan Action on Vessel Energy Reduction) program launched in...

Baltic Index steady on minimal gain across vessel segments

The Baltic Exchange’s dry bulk sea freight index, which monitors rates for vessels moving...

INTERTANKO to continue its focus on practical pathways in the absence of an agreement...

After an intense week ending in a vote, the International Maritime Organization’s Net Zero...

ABS to acquire MetaSHIP assets to expand immersive maritime training

American Bureau of Shipping has agreed to acquire the MetaSHIP intellectual property and vessel...

IMO net-zero shipping talks to resume in 2026

The International Maritime Organization (IMO) has agreed to adjourn the extraordinary session of the...

Port of Los Angeles strategies continue to deliver clean air gains

The Port of Los Angeles is furthering its progress in reducing pollution from all sources that move cargo through its gateway. In 2024, when...

Pacific basing takes measures to comply with port fee regulations

Pacific Basin Shipping has issued a trading update for the third quarter of 2025.

Wallenius Wilhelmsen suspends 2025 Outlook on US port fees impact

On October 10, 2025, a proposed modification of Annex III in the USTR section 301 on port fee regulations was released. In the proposal,...

First “Special Port Fee” reportedly charged in China – report

According to information circulating within industry channels, the U.S.-flagged container ship MV MANUKAI, operated by Matson, has reportedly become the first vessel to be...

Maersk loses South Africa court bid blocking key port deal

A South African court dismissed a case brought by A.P. Moller-Maersk A/S against a port-expansion deal awarded to a firm headed by Filipino billionaire...