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Environment

Marubeni and MOL Establish New Company Venture in the Nature-based Carbon Removal Credit Business

Marubeni Corporation and Mitsui O.S.K. Lines, Ltd. announced that the two companies have entered into a shareholders agreement to jointly establish a new company,...

ABS, PaxOcean and PCL sign MOU to jointly develop retrofit strategies

The American Bureau of Shipping, PaxOcean, and Pacific Carriers Limited have signed a Memorandum of Understanding to collaborate on developing retrofit strategies. This partnership...

The global fleet is turning green

The global fleet of ships powered by cleaner fuels has seen significant growth over the last years, as vessel operations contribute to greener intermodal...

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...

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Scorpio Tankers announces financial results for the first quarter of 2026

Scorpio Tankers Inc. reported its results for the three months ended March 31, 2026. The Company also announced that its board of directors has...

Genco Shipping & Trading to review Diana Shipping’s unsolicited tender offer

Genco Shipping & Trading Limited, the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, confirmed that Diana Shipping, Inc. has...

Diana Shipping launches tender offer to acquire all outstanding shares of Genco Shipping & trading for $23.50 per share in cash

Diana Shipping Inc., a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels that owns approximately 14.8% of the...

Bahri reports first quarter 2026 results with net profit of SAR 2.15 billion

The National Shipping Company of Saudi Arabia (“Bahri” or the “Company”, 4030 on the Saudi Exchange), the Kingdom’s leading shipping and logistics provider, announced...

Subsea 7 S.A. announces first quarter 2026 results

Subsea 7 S.A announced results of Subsea7 Group (the Group, Subsea7) for the first quarter which ended 31 March 2026.  Highlights   • First quarter Adjusted EBITDA...

South Korea’s HMM says ship set ablaze in Strait of Hormuz to be towed...

South Korean shipper HMM, opens new tab said on Wednesday it had secured a...

Posidonia 2026 conference programme kicks off early with geopolitics dominant in industry agenda

From insurance and risk management to energy transition, digitalisation and maritime security, the Posidonia...

Swedish coast guard seizes suspected false flag tanker in Baltic sea

The Swedish Coast Guard said on Sunday it had seized a tanker in the...

Trump says US operation will aid ships stranded in Strait of Hormuz

President Donald Trump said on Sunday the U.S. would start an effort on Monday...

Celestyal launches one-day flash sale with fares from 179€

Celestyal has announced a one-day-only flash sale, offering limited-time fares across a selection of...

AD Ports Group, CMA Terminals Khalifa Port, and CMA CGM Group sign MoU to extend inland reach across the UAE and wider region

AD Ports Group, a leading global enabler of integrated trade, industry and logistics solutions, today signed a Memorandum of Understanding (MoU) with CMA Terminals...

Stable cargo flows in the Port of Gothenburg despite mixed first-quarter performance

Container handling in the Port of Gothenburg continues to show positive development in terms of loaded cargo volumes. At the same time, the share...

PPA: Investment of 3.25 million euros

Piraeus Port Authority S.A. (PPA) announced the launch of works for the development of a new park featuring a model playground and a cycling...

Piraeus Port is resilient – Record performance and investments of 1.4 billion euros

The resilience and growth prospects of the Port of Piraeus, despite heightened geopolitical turbulence affecting shipping and transport, were highlighted by the Deputy CEO...

Panama Canal says $1 million-plus auction slots reflect temporary surge in demand

The Panama Canal Authority said on Thursday that some ships had recently paid more than $1 million for crossing slots at auction, but ​said...