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Environment

A.P. Moller Holding launches Vioneo to pioneer fossil-free plastics production

A.P. Moller Holding has launched Vioneo, a new venture dedicated to transforming plastics production. Vioneo will manufacture fossil-free plastic resins and significantly reduce the...
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Lloyd’s Register awards HD Hyundai Mipo AiP for 20,000 cbm LCO₂ carrier

HD Hyundai Mipo has received approval in principle for a 20,000 cbm LCO₂ carrier from Lloyd’s Register, following the successful completion of a joint...
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NYK and Oono Development sign MoU to commercialize ship recycling business

Nippon Yusen Kabushiki Kaisha and Oono Development have agreed to jointly study the commercialization of ship recycling, in which ships and large offshore structures...
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ClassNK issues AiP for large liquefied CO2 carriers

ClassNK has issued an Approval in Principle (AiP) for a design concept of large liquefied CO2 carriers of 50,000 m³ and 23,000 m³ jointly...
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SMM 2024: DNV awards Wallenius Wilhelmsen first B100 verification for biofuel insetting

At the SMM trade fair, DNV awarded shipping and logistics company Wallenius Wilhelmsen its first biofuel insetting verification statement - recognizing the company’s use...
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Samskip advances zero-emission shipping, partnering with TECO 2030

Samskip announced its partnership in the groundbreaking HyEkoTank project, an initiative supported by the European Union’s Horizon Europe program. As part of its ongoing...
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Lloyd’s Register Assigns First Shipboard Carbon Capture Class Notation

Lloyd’s Register (LR) has assigned its first class notation for carbon capture onboard a ship to Eastern Pacific Shipping (EPS)-owned Pacific Cobalt. The 50,000...
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Maersk Says Shipping’s Zero-Emissions Push Needs Government Support

The Alette Maersk was the first container vessel powered by low-carbon methanol fuel to cross the Pacific Ocean – a milestone in the shipping...
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OOCL and Partners Collaborate to Advance Low-Carbon Shipping With Biofuel

Orient Overseas Container Line Ltd. (OOCL) and partners join hands to advance low-carbon shipping, opting for cleaner fuel to reduce supply chain emissions. With...
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Panama Canal Plans Reservoir Expansion to Combat Next Drought

The Panama Canal expects to be ready to combat a possible new drought, which could hit the world’s second-largest waterway within four years, by...
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Abu Dhabi Exports Office signs USD235 million syndicated loan agreement to boost UAE trade with Trafigura

In a strategic move to empower UAE exporters and advance the nation’s economic diversification goals, the Abu Dhabi Exports Office (ADEX) has signed a...

Danaos Corporation announces upsizing of its share repurchase program by an additional $100 million

Danaos Corporation announced that its Board of Directors has approved the upsizing of its common stock repurchase program by an additional $100 million. The Company...

Belships goes to Blue Ocean Funds and F. Laeisz

The Norwegian shipping company Belships has new owners: the majority of the shares are now held by the investment platform Blue Ocean Funds. The German...

OceanPal reports Financial Results for the fourth quarter and year ended December 31, 2024

OceanPal Inc., a global shipping company specializing in the ownership of vessels, reported vessel revenues of $5.8 million, a net loss of $8.2...

NYK completes stock acquisition

Nippon Yusen Kabushiki Kaisha announced as follows the status of acquisition of its own common stock approved at the meetings of its Board of...

ICC: Pronounced spike in low-level crimes in Singapore Straits

The ICC International Maritime Bureau has revealed a rise in global piracy and armed...

Trump’s China Ship Fees Set to Hit Global Shipping Giants

Container ships, the workhorses of global trade transporting almost 90% of the world’s...

Baltic index snaps 3-day winning streak on lower capesize rates

The Baltic Exchange’s dry bulk sea freight index fell on Tuesday, snapping a three-day...

Baltic index gains on higher capesize, panamax rates

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

Three NYK Group Shipping and Ship-Management companies to merge

Three shipping and ship-management companies within the NYK Group — namely, Asahi Shipping Co.,...

March volume shows sustained growth at port of Los Angeles

The Port of Los Angeles processed 778,406 Twenty-Foot Equivalent Units (TEUs) in March, 4.7% more than last year. The Port ended the first quarter...

Port of Long Beach busiest in U.S. through first quarter

Coming off its best first quarter on record, the Port of Long Beach is the nation’s busiest port through the first three months of...

CMA CGM, October Dry Port pen strategic partnership to boost Egypt’s logistics sector

Deputy Prime Minister for Industrial Development and Minister of Industry and Transport Kamel El-Wazir witnessed the signing of a strategic partnership between the French...

Port of Rotterdam takes important step in making shipping more sustainable: pilot prepares port for safe bunkering of ammonia

Trammo, OCI and James Fisher Fendercare successfully conducted an ammonia bunkering pilot between two vessels at a terminal in the port of Rotterdam on...

Piraeus deputy CEO highlights port’s “great potential”

“The exceptional financial results of 2024 with record performance for another year and top global rankings show the great potential of the port,” said...

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