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Panama Canal pricing structure could see variable component tied to demand

The Panama Canal Authority is considering a new pricing structure that could include a variable fee for LNG transits during the winter, Administrator Ricaurte...

Sumitomo, Keppel: MOU to Explore Ammonia Fuel Business in Singapore

Sumitomo Corporation and Keppel FELS, a wholly-owned subsidiary of Keppel Offshore & Marine Ltd (Keppel O&M), have signed a Memorandum of Understanding (MOU) to...

More LNG Cargoes Head to Europe to Ease Energy Crisis

The number of tankers crossing the Atlantic with U.S. liquefied natural gas that declared Western European ports as their destinations jumped 50% in just...

EU on collision course with shipping over carbon market reforms

Efforts to reform the EU’s Emissions Trading System are facing an uphill battle in 2022, including a proposed expansion into shipping that comes during...

Baltic index falls for eleventh day on capesize weakness

The Baltic Exchange’s dry bulk sea freight index fell for the eleventh session on Thursday, as weaker capesize rates overshadowed gains in the panamax...

Global Shipping in The Crosshairs as Environmental Scrutiny Deepens

Ocean freight costs are likely to remain high in 2022 as investors and regulators scramble to accelerate decarbonisation of the shipping industry and companies...

Minerva Bunkering Launches New Service

Minerva Bunkering announced it has launched a new marine fuels supply service in the Red Sea ports of Yanbu and Jeddah in the Kingdom...

Baltic index falls as capesizes hit lowest in seven months

The Baltic Exchange’s dry bulk sea freight index declined on Wednesday, pressured by lower rates across the capesize vessel segment, recording its lowest level...

Maersk to acquire LF Logistics

Maersk has reached an agreement to acquire LF Logistics, a Hong Kong-based contract logistics company, with premium capabilities within omnichannel fulfilment services, e-commerce, and...

China’s Nov clean marine fuel exports have increased by 18% m/m

China’s exports of clean marine bunker, or very low-sulphur fuel oil (VLSFO), rose 17.8% in November than a month ago, as refineries acquired a...

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Robin Energy announces reverse stock split

Robin Energy, an international ship-owning company providing energy transportation services globally, announced that its board of directors has determined to effect a one-for-fifteen (1-for-15)...

Seanergy Maritime announces pricing of €100 million unsecured corporate bond trading on Euronext Athens

Seanergy Maritime Holdings Corp. announced the pricing of the offering of €100 million of unsecured bonds to investors in Greece. The Bonds will be...

Diana Shipping urges Genco Shipping & Trading shareholders to tender their shares by Friday, July 10

Diana Shipping Inc., a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels that is the largest shareholder of...

NORDEN raises full-year guidance

Following stronger than expected operational performance in dry cargo, reduced costs associated with Persian Gulf delays and additional vessel sales, NORDEN upgrades the 2026...

A.P. Moller Holding announces the acquisition of Ocean Yield from KKR

A.P. Møller Holding A/S and KKR, a leading global investment firm, announced that they have signed an agreement under which a subsidiary of A.P....

METLEN and Tsakos Group formalise partnership to develop one of Greece’s largest hybrid renewable...

METLEN and Tsakos Group formalised the launch of their partnership through METLEN’s entry into...

Foreship unveils RoRo ferry concept tailored to Greek ferry market

Foreship, part of the RINA Group, has developed a new roll-on/roll-off (RoRo) ferry design...

IMO Secretary-General condemns new attacks on ships in the Strait of Hormuz

IMO Secretary-General Arsenio Dominguez issued the following statement: “I regret that once again I am...

Seaspan and Maersk advance fleet efficiency through strategic vessel upgrade program 

Seaspan Corporation Pte. Ltd., a leading independent maritime asset owner and operator, has announced...

Angelicoussis Group deploys Starlink across more than 140 vessels

Angelicoussis Group has equipped more than 140 vessels with Starlink’s low-Earth orbit satellite network,...

Hapag-Lloyd uses shore power in the Port of Hamburg

Hapag-Lloyd, the world’s fifth-largest container shipping company, has signed an agreement with the Hamburg Port Authority (HPA) on the use of shore power in...

DP World drives record efficiency and vessel performance at DAR Es Salaam port

DP World Dar Es Salaam has achieved record vessel performance and reduced cargo discharge times by more than 90% at the Port of Dar...

Piraeus Container Terminal marks 16 years, reports rise in cargo volumes

Piraeus Container Terminal (PCT) marked 16 years of operations, highlighting the contribution of its employees and partners in transforming the port of Piraeus into...

PPA S.A.: Gross dividend of 1.896 euros per share approved

The Piraeus Port Authority (PPA) successfully held its Annual General Meeting of Shareholders, in accordance with the applicable procedures, with shareholders representing 83.40% of...

Hanseatic Global Terminals plans to acquire 20% stake in Eurogate Container Terminal Hamburg

Hanseatic Global Terminals (HGT) signed a term sheet outlining the key conditions for the intended acquisition of a 20% stake in Eurogate Container Terminal...