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Monday, September 16, 2024
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MOL to invest in UK startup Carnot

Mitsui O.S.K. Lines announced its intent to invest in Carnot, a startup company that develops technology for highly efficient engines using heat-resistant materials. This...
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On the road to zero-emission ocean transport: Lomarlabs signs with CargoKite

Lomar’s corporate venture lab, lomarlabs, has signed a collaboration agreement with maritime deep-tech start-up CargoKite to develop a new ship class of micro ships...
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New fuel restrictions for ships in Arctic fall short, green groups say

Ships sailing through Arctic waters will no longer be able to use or carry heavy bunker fuel oil under a United Nations shipping agency...
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Maritime Partners acquires e1 marine, paving the way for hydrogen-powered maritime solutions

Maritime Partners, a leading provider of maritime financing solutions primarily focused on Jones Act vessels, has completed the successful acquisition of e1 Marine LLC,...
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Wärtsilä propulsion solutions expected to deliver 5% fuel savings for International Seaways tankers

Technology group Wärtsilä announced it will supply its EnergoFlow and EnergoProFin propulsion solutions to four medium range (“MR”) tankers in the International Seaways (NYSE:...
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Zero Emission Port Alliance onboards leading organisations in container port industry

The Zero Emission Port Alliance (ZEPA) announces the onboarding of 11 organizations from the container port industry. Among the members are APM Terminals, CATL,...
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IMO presents pathway to net-zero shipping at Bonn climate talks

The International Maritime Organization (IMO) has outlined its latest progress and plans to decarbonize global shipping by or around 2050, in a submission to...
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MOL invests further in wind propulsion 

TOKYO-Mitsui O.S.K. Lines and its group company MOL Drybulk announced their intent to install wind propulsion systems including Wind Challenger on a total of...
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LR awards approval in principle to Seaspan Corporation for next generation feeder ship design

Lloyd's Register has awarded Approval in Principle to Seaspan Corporation for its innovative Next Generation Feeder Ship Design. The vessel, measuring 198 m in...
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Damen Shipyards and SAFEEN Group to bring the first electric tug to the Middle East

Damen Shipyards and SAFEEN Group, part of AD Ports Group, have signed an agreement for the lease and purchase of an all-electric Damen RSD-E...
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Pelagic Partners launches new Pelagic Capital venture

Shipowner and shipping fund manager, Pelagic Partners, announced the launch of Pelagic Capital, a new venture designed to assist Pelagic Partners to build a...

Globus Maritime reports financial results for the second quarter

Globus Maritime, a dry bulk shipping company, today reported its unaudited consolidated financial results for the second quarter and six-month period ended June 30,...

Pyxis announces full redemption of series a convertible preferred stock

Pyxis Tankers, an international shipping company, announced key shareholder and chartering updates. On September 6, 2024, the Company’s Board of Directors approved the redemption of...

TEN reports profits for the second quarter and first half 2024

50% increased dividend from amount paid for 2023 operations Dynamic growth and renewal - 21 vessels contracted/acquired within 2024 Minimum contracted revenues of $2.0 billion TST inaugurates...

HMM plans to invest KRW $17.4 Billion to sustainable growth

HMM maps out a mid-to-long-term strategy to expand its business portfolio for future growth and drive itself to be a global green shipping and...

Höegh LNG announces name change to Höegh Evi

Höegh LNG, a global leader in marine energy infrastructure solutions, announced its new name,...

EU mission starts Red Sea oil tanker salvage

The Sounion was attacked by Iran-backed Houthis rebels last month off the coast of...

MOL becomes 1st Japanese Board Member of Book and Claim Community

TOKYO-Mitsui O.S.K. Lines announced that it has become the first Japanese company to join...

Operational Strategies of the Panama Canal spotlighted during International Investors Forum

The 2025 Investors Forum, organized by the Latin American Stock Exchange (LATINEX), analyzed the...

Schuyler Line secures $17.1m US government contract

Schuyler Line Navigation was awarded a $17,155,000 firm-fixed-price, with reimbursable elements, for time charter...

US East Coast Ports Union meets over wage demand, preps for possible strike

The International Longshoremen’s Association union, representing 45,000 workers at major container ports from Texas to Maine, will begin two days of meetings on Wednesday...

Singapore permits night movement of containers at Pasir Panjang Terminal

Singapore will allow for night movement of line-towed container barges to and from Pasir Panjang Terminal, following a four-month trial, the Maritime and Port...

DP World enters retail and fashion logistics

DP World has completed the acquisition of Cargo Services Far East Ltd – a global supply chain provider headquartered in Hong Kong. Cargo Services is...

APSEZ acquires 80% stake in global OSV operator Astro Offshore for USD 185 Mn

Adani Ports and Special Economic Zone Ltd (APSEZ), India’s largest ports and logistics company, has entered into a definitive agreement to acquire 80% stake...

Indian Port Workers Call Off Strike, Agree New Wage Deal

Nearly 20,000 workers across major Indian ports, who had threatened to go on an indefinite strike from Wednesday, called off their walkout late on...

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