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Japan shipbuilding pins comeback hopes on zero-emissions vessels

With decarbonization emerging as a priority in the traditionally emissions-heavy shipping industry, Japan’s Imabari Shipbuilding aims to launch a cargo vessel that runs entirely...

Wärtsilä, SHI agree to collaborate on ammonia fuelled engines for future newbuilds

The technology group Wärtsilä and the Korean shipbuilding company Samsung Heavy Industries (SHI) have signed a joint development programme (JDP) agreement aimed at developing...

SHI wins $717.6 mln deal for 6 LNG dual-fuel container carriers in Europe

Samsung Heavy Industries Co., one of three Korean shipyard majors, announced Thursday it has won 841.2 billion won ($717.6 million) deal to build six...

ABS and DSME to Develop Very Large Liquefied CO2 Carrier

ABS and Daewoo Shipbuilding & Marine Engineering Co. Ltd. (DSME) are to jointly develop designs for a 70,000 CBM very large, liquefied CO2 (LCO2)...

DSME develops carbon dioxide storage technology

Daewoo Shipbuilding & Marine Engineering Co. (DSME) said Thursday it has developed a technology to store carbon dioxide captured in ship engine emissions. The...

DSME Attains Annual Order Goal

Daewoo Shipbuilding & Marine Engineering (DSME) has won an order for four liquefied natural gas (LNG) carriers from an Asian client. The deal, worth...

TEN orders up to six aframax newbuildings at Daehan

Tsakos Energy Navigation (TEN) has reportedly placed an order at Daehan Shipbuilding for up to six aframax tanker vessels, worth an estimated USD 450...

Kawasaki wins LPG fueled VLGC order from Eneos Ocean

Kawasaki Heavy Industries (KHI) has won a contract from Eneos Ocean Corporation for an 86,700 cu m liquefied petroleum gas (LPG) & liquefied ammonia...

OOCL orders ten 16,000 TEU boxships

Orient Overseas Container Line Limited (OOCL) has ordered ten environmentally friendly 16,000 TEU containerships in China. Five boxships will be built at Dalian COSCO...

Seaspan Announces Order Option for 5 Containership Newbuilds

Seaspan, a wholly owned subsidiary of Atlas, announced that ZIM has exercised its option to enter into long-term charters of five ultra-modern 7,000 TEU...

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Sphinx Investment Corp Increases Stake in OceanPal

On September 28, 2023, an OceanPal SEC filing revealed that Sphinx Investment Corp. had raised its ownership in OceanPal, now holding a substantial stake...

Star Bulk Announces the Repurchase of 10 Million of Its Common Shares

Star Bulk announced that it entered into a Repurchase Agreement (with OCM XL Holdings, LP, a limited partnership incorporated in the Cayman Islands, pursuant...

Trafigura announces executive leadership changes

Trafigura Group Pte Ltd. has announced an evolution of its executive team to further strengthen leadership and focus across its global activities during a...

Woori, HMM, KOBC to buy Polaris in prospective $448 mln deal – report

Polaris Shipping Co. is poised to sell its entire stake at around 600 billion won ($447.5 million) to Woori Private Equity Asset Management Co....

Pyxis Tankers Announces Closing of Ultramax JV Investment

Pyxis Tankers, an international shipping company, reported that on September 14, 2023, the Company closed on its previously announced newly formed drybulk joint venture...

Baltic index snaps 4-day winning streak as capesize rates slip

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

Baltic index scales 11-month peak on strong capesize rates

The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry...

Baltic index scales over 9-month high on capesize surge

The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry...

Baltic index rises to over 4-month high on stronger capesize rates

The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry...

Houston-Japan VLGC freight rates reach multi-year high

VLGC freight rates from Houston to Chiba, Japan, reached $245/mt Sept. 21 for the...

Piraeus Port reports strong H1 2023 results

The Piraeus Port Authority SA, which operates Greece’s biggest and busiest port, reported a 48.8-percent increase in pre-tax earnings for H1 2023 – 49.4...

Greece names Thessaloniki port operator preferred bidder for Volos port

Greece’s privatisation agency has named the operator of Thessaloniki port as the preferred bidder for acquiring a 67% stake in the port of Volos,...

Drewry: Port Throughput Index Down 2.1% in July

The Global Container Port Throughput Index fell 2.1% MoM in July 2023, with the small rises recorded in Africa and Oceania having been insufficient...

Vopak: Agreement with Infracapital on sale of Rotterdam chemical terminals

Vopak announces that it has reached an agreement with Infracapital on the sale of its three chemical terminals in Rotterdam (Botlek, TTR and Chemiehaven)...

Port Hedland Iron Ore Exports Edge Up 4% in August

Pilbara Ports Authority has delivered a total monthly throughput of 62.8 million tonnes (Mt) for August 2023, consistent with the August 2022 throughput. The Port...