MOL launches program to help customers cut emissions
Aiming to achieve net zero emissions, Mitsui O.S.K. announced the launch of a new program, BLUE ACTION NET-ZERO ALLIANCE. This program contributes to reducing the Scope 3 GHG emissions of actual...
View ArticleGolden Ocean Group exercises option for 8 Capesizes
Golden Ocean Group Limited announced that it has declared the purchase options for eight Capesize vessels under the long-term charter-in agreements with subsidiaries of SFL Corporation. The total...
View ArticleAn increasing number of cruise lines choose Piraeus as their homeport
More and more cruise lines are choosing the port of Piraeus as their starting point and homeporting point for their voyages. The benefits of homeporting for the local and national economy are...
View ArticleBaltic index snaps 3-day losing streak as supramax rates climb
The Baltic Exchange’s dry bulk sea freight index, which measures shipping rates for vessels transporting dry bulk commodities, snapped its three-session losing streak on Thursday, as rising supramax...
View ArticleDalian iron ore extends gain on lingering Australia supply worries
Dalian iron ore futures prices rose for a second consecutive session on Thursday, aided by lingering concerns over weather-related supply disruptions in major exporter Australia. However, fears of a...
View ArticleEvergreen adds eleven 24,000 teu box ships to its orderbook
Evergreen is to spend more than $3bn on another series of 24,000 teu ultra-large containerships. The Taiwanese mainline operator said yesterday it had commissioned 11 ships, priced between $265m and...
View ArticleFSL sells product tanker
First Ship Lease Trust has reportedly sold product tanker Clyde Fisher (12,984 dwt) to an unaffiliated third party at an undisclosed price. The vessel was built at Samho in South Korea in 2005. It has...
View ArticleArdmore Shipping announces financial results for the three and twelve months...
Ardmore Shipping Corporation announced results for the three and twelve months ended December 31, 2024. Highlights and Recent Activity Reported Adjusted earnings of $10.3 million for the three months...
View ArticleSale of LNGC Golar Arctic marks Golar’s exit from LNG shipping segment
Golar LNG Limited announced that it has executed agreements to sell the 2003 built steam turbine LNG carrier, Golar Arctic. The sale price for the vessel is USD 24 million before transaction related...
View ArticlePort of Long Beach sees a strong start for 2025
The Port of Long Beach started the new year with its strongest January on record and its second-busiest month ever, largely driven by retailers moving cargo ahead of the anticipated tariffs on goods...
View ArticleThessaloniki Port targets immediate launch of 6th pier project
The procedures for implementing the investment in the 6th pier of the port of Thessaloniki will begin immediately, according to the administration of the Thessaloniki Port Authority S.A. (ThPA), with...
View ArticleWestern Australia’s Ports Reopen After Tropical Cyclone Zelia
Western Australia’s ports of Dampier and Varanus Island reopened, the ports’ operator said, after Tropical Cyclone Zelia hit the state’s Pilbara iron ore region on Friday. Pilbara Ports said on its...
View ArticleUK: New industry bonus opens to support good jobs and low carbon...
Industrial heartlands and coastal areas will receive a major economic boost as the government backs renewable energy firms investing in industrial communities – backing good jobs through the...
View ArticlePanama vessel registry says it is ‘not a haven for sanctions evasion’
Panama has made progress stripping vessels from its registry that do not meet its flag’s standards, the Central American nation’s Maritime Authority said last week, responding to U.S. criticism that...
View ArticleAlternative Chinese terminals emerge to take in sanctioned tankers – sources
A handful of newer Chinese terminals recently began receiving oil tankers sanctioned by the U.S., according to five sources and shipping data, providing logistics relief after a major port operator...
View ArticleShipping: Environmental fees skyrocket in the EU
The environmental fees paid by commercial ships calling at European ports have increased by 100% this year. The two environmental regulations that came into force at a regional level in the EU, and...
View ArticleSeafarer salaries have risen but so have retention rates, Danica survey reveals
Retaining seafarers has improved slightly over the past year, thanks in part to salary raises, the annual Crew Managers’ Survey by Danica Crewing Specialists has revealed. In its survey of in-house...
View ArticleTariff threat opens up transatlantic rift in copper pricing
U.S. President Donald Trump hasn’t yet imposed import tariffs on but the market is already pricing in the likelihood that the red metal will be next on the list after aluminium and steel. The...
View ArticleDP World’s Pioneering Carbon Inset Program Registers Over 100,000 Containers
The world’s first container port Carbon Inset Programme has registered more than 100,000 TEUs worth of import laden containers by cargo owners in its first two months. Launched by DP World in the UK...
View ArticleMaersk and Cochin Shipyard partner to explore ship repairs and shipbuilding...
A.P. Moller – Maersk (Maersk) and Cochin Shipyard Limited (CSL) today announced the signing of a Memorandum of Understanding (MoU) to explore collaboration opportunities in ship repair, maintenance,...
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