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Shippers bet on green methanol to cut emissions, supply lags

Container shippers are ordering vessels powered by methanol to reduce greenhouse gas emissions, but it will take years for renewable methanol output to meet...

Mitsubishi Shipbuilding developing ammonia handling system

Mitsubishi Shipbuilding Co., Ltd., a part of Mitsubishi Heavy Industries (MHI) Group, is currently developing the Mitsubishi Ammonia Supply and Safety System (MAmmoSS®), an...

Cargill Tests Sails in Effort to Slash Fuel Burn – report

The world’s largest agricultural trader hauls 225 million tons of cargo around the globe each year on hundreds of colossal vessels. Now one of...

Wallenius Wilhelmsen orders 4 car carriers able to run on methanol or ammonia

Wallenius Wilhelmsen announced it has signed a letter of intent for four firm, and eight optional, next generation vessels. A company announcement reads: “I am very...

Cargill kickstarts maritime decarbonization with biofuels, methanol

US-based agricultural trader Cargill has ramped up a bio-bunkering program for its own shipping fleet and other shipowners as part of initial decarbonization efforts...

Torm looking at methanol, ammonia as pathway to decarbonization

After installing scrubbers on majority of its fleet to tackle sulfur emissions in response to the International Maritime Organization’s global low sulfur mandate, product...

FuelEU Maritime Initiative: Council adopts new law to decarbonise maritime sector

More renewable and low-carbon fuels will reduce the carbon footprint of the maritime sector in the EU following today’s adoption of a new regulation...

Shipowners urged to up digitalization game for GHG cuts by 2030

Shipowners can achieve decarbonization at scale within this decade with speed optimization and energy-saving equipment, according to maritime professionals — but the industry might...

NYK Joins Singapore-Based Maritime Decarbonization Initiative

The Global Centre for Maritime Decarbonisation (GCMD) and Nippon Yusen Kabushiki Kaisha (NYK) announced the signing of a five-year Strategic Partnership agreement. NYK becomes the...

UK to tighten emissions trading scheme from 2024

The UK emissions trading scheme (ETS) will be reformed next year to tighten limits on carbon dioxide pollution and expanded in 2026 to include...

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Awilco LNG refinances ships in leasback deal

Awilco LNG announcde that a term sheet for refinancing of the Company’s two 2013-built 156,000 cbm TFDEs WilForce and WilPride has been agreed and...

George Economou acquires 5% stake in Seanergy

According to a relevant SEC filing, George Economou has acquired a stake in Seanergy Maritime. Specifically, the filing shows Sphinx, a subsidiary of Maryport Navigation,...

Frontline Reports $107.7 Million Profit in Q3

Frontline reported unaudited results for the nine months ended September 30, 2023: Highlights Profit of $107.7 million, or $0.48 per basic and diluted share for the...

Euronav: Dividend Distribution For Q3 2023 & Business Update

Euronav NV provides a business and dividend update following the recent board and management changes. The Supervisory board has agreed to distribute USD 0.57 per...

A new chapter for Euronav

Euronav shareholders have approved strategic changes at the company ushering in a new era.

IMO Adopts Tougher Resolution to Tackle ‘Shadow’ Tanker Fleet

The United Nations’ shipping agency on Wednesday adopted a resolution targeting illicit shipping practices...

Weaker vessel rates push Baltic index lower

The Baltic Exchange’s dry bulk sea freight index, tracking rates for ships carrying dry...

Panama Chaos Grows as US Diesel Shippers Bypass Canal

The worsening bottlenecks at the drought-stricken Panama Canal are pushing at least one US...

Baltic index snaps 8-session winning streak as larger vessel rates fall

The Baltic Exchange’s dry bulk sea freight index .BADI, tracking rates for ships carrying...

Celestyal awarded “Passenger Line of the Year” at Lloyd’s List 20th Annual Greek Shipping...

Celestyal, the award-winning, number one choice for cruise travelers to the Greek islands and...

Clasquin: Exclusive Negotiations With SAS, Subsidiary of MSC

Mr. Yves REVOL and OLYMP, controlling shareholders of Clasquin SA (Paris:ALCLA), announced that they have entered into exclusive negotiations with SAS Shipping Agencies Services...

Port Houston Breaks Export Record

October was the biggest month ever for loaded exports at Port Houston, up 6% compared to last October. Port Houston’s loaded exports are up...

Port of Piraeus working on first shore power connection slots for 2024

The Piraeus Port Authority (PPA), which manages the largest and busiest port in Greece, announced the first five shore power connection slots for ferry...

Two major US cruise operators interested in buying Lavrio port

The tender for the concession of Lavrio port is set to begin in the next few weeks. Sources tell Kathimerini there are at least two...

Biden Administration Invests Over $650 mln in US Ports to Strengthen Supply Chains

The U.S. Department of Transportation’s Maritime Administration (MARAD) announced over $653 million to fund 41 port improvement projects across the nation under the Port...