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NYK positions CDR as measure to reduce scope 1 emissions

The NYK Group issued a position paper positioning carbon dioxide removal ("CDR") as a means to reduce Scope 1 emissions. In November 2023, the Group...

d’Amico announces the exercise of its purchase option on MT Cielo Di Houston

d’Amico International Shipping, an international marine transportation company operating in the product tanker market, announces that its operating subsidiary d’Amico Tankers D.A.C. exercised its...

Greeks dominate global tankers market

In the annual ranking of the strongest shipping nations – in terms of the total value of the fleet – published by the shipping...

GSB Tankers and Asahi Tanker formed a JV for expansion in Asia

GSB Tankers and Asahi Tanker have jointly established the Asia Chemical Tanker Alliance (ACTA) to manage the operation and commercial management of chemical tankers...

NAT to buy modern suezmax; offloads veteran

NAT has declared the purchase option for a 2018-built Suezmax tanker on favorable terms from a close financing partner.  Furthermore, NAT has also sold a...

Performance Shipping extends time charter for M/T P. Monterey at US$28,000 per day for 12 months

Performance Shipping, a global shipping company specializing in the ownership of tanker vessels, announced that, through a separate wholly-owned subsidiary, it has extended the...

ADNOC’s logistics arm transfers tankers to Navig8, will cut some staff after takeover

Abu Dhabi National Oil Company's logistics arm has transferred its tankers to Navig8 after it bought 80% of the firm for more than $1...

OceanPal announces the sale of M/V Salt Lake City

OceanPal, a global shipping company specializing in the ownership of vessels, announced that, through a separate wholly-owned subsidiary, it has signed a Memorandum of...

Oil Supertanker Rates on China Routes Double Since Sanctions

The cost to hire an oil supertanker on key routes to China has doubled since the US imposed sanctions on Russia, showing the extent...

Greeks leaders in product tankers shipbuilding rally

According to an analysis by the world’s largest shipping company (BIMCO), the current year is characterized as a milestone in terms of new product...

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HD Korea Shipbuilding posts record Q1 profit on strong high-margin ship orders

HD Korea Shipbuilding & Offshore Engineering, the intermediate holding company for HD Hyundai’s shipbuilding businesses, said Thursday this year’s record first-quarter profit was largely...

International Seaways reports first quarter 2026 results

International Seaways Reports First Quarter 2026 Results International Seaways, Inc., one of the largest tanker companies worldwide providing energy transportation services for crude oil and...

Cheniere reports first quarter 2026 results and raises full year 2026 financial guidance

Cheniere Energy, Inc. announced its financial results for the first quarter 2026. RECENT HIGHLIGHTS Financial During the three months ended March 31, 2026, Cheniere generated revenues of...

Capital Clean Energy Carriers Corp. announces first quarter 2026 financial results

Capital Clean Energy Carriers Corp., an international owner of ocean-going vessels, released its financial results for the first quarter ended March 31, 2026. Key Highlights Completed an...

Stainless Tankers announces financial results, reshapes leadership

Stainless Tankers ASA announces results for the three-month period ended March 31, 2026, Chairman and CEO change. Highlights Net loss of $0.06 million, on net revenue...

CLIA’s high-level Policy Event in Greece Highlights Cruise Growth, island communities, economic impact and...

· CLIA hosted a high-level Policy Event in Athens in collaboration with the Deputy...

Trump administration launches nuclear-powered shipping initiative

U.S. Transportation Secretary Sean P. Duffy and the Maritime Administration (MARAD) today launched an...

DP World launches end-to-end cargo war risk insurance for middle east trade

DP World has launched a first-of-its-kind cargo war risk insurance solution to help businesses...

CMA CGM containership confirmed attacked in Hormuz, crew injured

A CMA CGM container ship was attacked while transiting the Strait of Hormuz, injuring...

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...

Piraeus Port Authority shows strong resilience despite geopolitical tension

Piraeus Port Authority announced that despite volatility in global logistics driven by geopolitical tensions in the Middle East, the company demonstrated significant resilience, maintaining...

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...