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Environment

MOL signs MOU to develop green corridor connecting Portugal to Northern Europe

Mitsui O.S.K. Lines announced the signing of a memorandum of understanding to develop a green corridor connecting Portugal to Northern Europe with Madoqua Renewables...

EU’s cleaner marine fuel rules are inflationary – shipbrokers

EU regulation focused on cutting the shipping industry’s carbon emissions in as many years. Shipping transports over 80% of all traded goods and causes...

Berge Bulk & BHP launch iron ore voyages using 100% biodiesel

Berge Bulk and BHP have joined forces to pioneer an iron ore voyage from Australia to China powered entirely by B100 biodiesel. The Berge Lyngor,...

Kawasaki Heavy suspends plan to use hydrogen from Aussie coal

Kawasaki Heavy Industries opens new tab has revised its Japan-Australia hydrogen supply chain demonstration project, suspending plans to use hydrogen derived from Australian brown...

Hapag-Lloyd concludes offtake agreement for green methanol

Hapag-Lloyd has reached an agreement with Goldwind, a global strategic partner in clean energy with headquarters in Beijing, China, for the delivery of 250,000...

NORDEN signs sustainable maritime fuel offtake agreement with Meta

Danish shipping company NORDEN announced a sustainable maritime fuel agreement with Meta aimed at advancing the decarbonisation of the maritime industry. “We are proud to...

Wallenius Wilhelmsen launching multi-fuel BAF for a net-zero future

Wallenius Wilhelmsen is launching a re-engineered bunker adjustment factor, BAF2.0, to prepare for future fuels on the path to net-zero emissions by 2040. BAF2.0...

BIMCO launches Ship Recycling Alliance to help fuel change

In June 2025, the HKC will enter into force. This comes at a time when more than 15,000 ships are estimated to be recycled...

COP29: Countries Endorse Global Carbon Market Framework

Countries at the two-week COP29 climate summit gave the go-ahead on Monday to carbon credit quality standards which are critical to launching a U.N.-backed...

Maersk Tankers to deploy suction sail technology at scale to reduce CO2 emissions

Maersk Tankers, one of the world’s largest tanker operators, is set to deploy eSAIL® suction sail technology on five of its MR vessels as...

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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...

Baltic Index hits over two-week low but posts quarterly gain

The Baltic Exchange’s dry bulk sea freight index fell to a more than two-week...

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...

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...