News Flash
The Fourth Round of the Clean Maritime Demonstration Competition (CMDC4) was announced.
The UK government has today announced a substantial commitment of £34 million in funding to support the maritime sector’s development...
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Asia-US container rates tick lower; Canada port strike enters 7th day.
Rates for shipping containers from east Asia and China to the US continue to fall amid soft demand for goods,...
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World Shipping Council: MEPC 80 climate targets must be followed by robust regulation.
At MEPC 80, IMO member nations met the shipping industry’s call for action on climate, setting a target of net-zero...
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Euroseas Ltd. Announces Delivery of M/V Terataki, an Eco 2,800 teu Feeder Containership Newbuilding, and Commencement of the Vessel’s Charter
Euroseas Ltd., an owner and operator of container vessels and provider of seaborne transportation for containerized cargoes, announced today that...
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China miners seek coal import curbs to ease a glut
China’s coal inventories are so bloated and coal prices so depressed that some of the country’s miners have cut production...
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Canadian port strike talks resume, supported by federal mediators
Talks in Pacific Canada between striking dock workers and their employers have resumed after four days away from the negotiation...
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Panama Ship Registry becomes a member of the Qualship21 Program for the first time in 20 years.
The Panama Maritime Authority (AMP), the entity overseeing the Panama Ship Registry received a letter of approval from the United...
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IMO agrees on net-zero goal, confirms GHG pricing and new fuel rules development
The International Maritime Organization announced on July 7 tightened decarbonization targets for shipping, as well as confirming the development of...
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Maritime transport emissions: Commission welcomes new IMO climate ambition for 2030, 2040 and 2050 and calls to set transition in motion
The levels of ambition and indicative checkpoints take into account the lifecycle GHG emissions from marine fuels with the objective...
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PSA becomes the new shareholder of Duisburg gateway terminal Gmbh
PSA International Pte Ltd (PSA), headquartered in Singapore, has signed agreements to acquire a 22 percent minority stake in Duisburg...
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Agreement for methanol main engine retrofit solutions signed
MAN Energy Solutions has signed a Conversion Commitment Agreement with Seaspan Corporation (Seaspan), a global leader in containership ownership and...
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Suez Canal Announced Tariff Reduction for Chemical Tankers
For further enhancing the mutual benefits of both the Suez Canal Authority and its clients, as well as to promote...
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Iron ore flat as China steel curb woes offset optimism around stimulus hopes.
Iron ore futures struggled for firm direction on Thursday, as worries about steel production curbs in China offset optimism about...
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OPEC upbeat over 2024 oil demand outlook despite the slowdown
OPEC will likely maintain an upbeat view on oil demand growth for next year when it publishes its first outlook...
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Arab Maritime Petroleum Transport Company Partners with StormGeo for Enhanced Environmental Performance and Compliance
Arab Maritime Petroleum Transport Company (AMPTC) has implemented StormGeo’s cutting-edge environmental performance management solution across its entire fleet to effectively...
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Romanian port key for Ukraine grain faces overflow as Black Sea deal on edge
Ukraine’s on-off Black Sea grain deal has made the nearest port of Constanta in neighboring Romania a key alternative that...
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Erma First Launches Flexcap for Improved CII And EEXI Performance
ERMA FIRST, a globally leading sustainable maritime solutions provider, has launched a new energy-saving device (ESD) that promises reduced fuel...
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Baleària plans to stop emitting almost 80,000 tonnes of CO2 by the end of the year thanks to the use of natural gas
In recent weeks, Baleària has increased the consumption of natural gas on its ten dual-engined ships to one hundred percent....
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Baltic index steady as larger vessels snap losing streak
The Baltic Exchange’s main sea freight index was little changed on Thursday as the capesize and Panamax segments snapped their...
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Global liquefied natural gas trade volumes set a new record in 2022
In 2022, global trade in liquefied natural gas (LNG) set a record high, averaging 51.7 billion cubic feet per day...
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