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Environment

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%...

IMO: Shipping gears up for massive investments in decarbonization

The global shipping industry is preparing for a net-zero transformation that will have a sector-wide impact on everything from supply chains and business models,...

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Piraeus Port sees 1H2025 revenue & profit increase

PPA S.A. announced its financial results for the first half of 2025, reporting an increase in revenue and profitability, in a period that continues...

Seacon Shipping to acquire 40% stake in CIMC Xinde Leasing and provide guarantee

Seacon Shipping Group Holdings Limited announced that its wholly owned subsidiary has agreed to acquire a 40 percent equity interest in CIMC Xinde Leasing...

KNOT Offshore Partners LP reports strong Q2 2025 results

KNOT Offshore Partners LP reported strong Q2 2025 results. Financial Highlights For the three months ended June 30, 2025 (“Q2 2025”), KNOT Offshore Partners LP...

TORM announces long term incentive program

In accordance with TORM plc’s Remuneration Policy adopted by the Annual General Meeting of TORM on 14 April 2021 and the authorization granted at...

Golar LNG announces pricing of $500 million offering of senior notes due 2030

Golar LNG Limited announced the pricing of a private offering of $500 million in aggregate principal amount of unsecured senior notes due 2030. The...

Carnival raises annual profit forecast on resilient cruise demand, high costs loom 

Carnival Corp raised its annual profit forecast on Monday, leaning on strong demand and...

Baltic index falls on decline across all vessel rates

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

The International Chamber of Shipping opens new office in Singapore

The International Chamber of Shipping (ICS) announced the inauguration of a new ICS Representative...

Greece continues to hold the “lead” in international shipping

Greece continues to hold the “lead” in international shipping, remaining in first place worldwide...

Baltic Index hits one-and-a-half year high on strong vessel demand

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

Piraeus Port sees 1H2025 revenue & profit increase

PPA S.A. announced its financial results for the first half of 2025, reporting an increase in revenue and profitability, in a period that continues...

DP World and Hapag-Lloyd renew agreement to boost port operations in Brazil

DP World, a global leader in logistics and supply chain solutions, announces the renewal of a long-term agreement with Hapag-Lloyd, one of the world’s...

Piraeus port: Container traffic remains steady in Jan-Aug

Container traffic at Piers II and III of the Container Terminal at the port of Piraeus remained at approximately the same levels as last...

Port of Los Angeles August cargo remains strong as high volume continues

After reaching new cargo heights in July, Port of Los Angeles volume remained strong in August. The Port efficiently processed 958,355 Twenty-Foot Equivalent Units...

Greek ports: Passenger traffic down; movement of goods up

The total passenger traffic in Greek ports recorded a decrease of 1.1% in the first quarter 2025 compared with the first quarter 2024, the...