News Flash

MYT Netherlands Parent B.V. (“Mytheresa”) and Richemont sign agreement for Mytheresa to acquire YOOX NET-A-PORTER (“YNAP”) to create leading, global, multi-brand digital luxury group in exchange for a 33% equity stake in Mytheresa

Mytheresa (NYSE:MYTE) and Richemont (SWX:CFR) announce that they have entered into binding agreements for the acquisition of 100% of the...
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European Commission Authorisation Decision on the Sale of 42.06% of the Share Capital of CLASQUIN to SAS Shipping Agencies Services Sàrl

The European commission today approved, in light of EU regulations on mergers, the acquisition of sole control of Clasquin S.A....
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Convergence around a smaller number of options during the last GHG meetings before approval, put the IMO in a strong position to drive an energy transition in international shipping

The IMO’s Marine Environment Protection Committee 82nd meeting has concluded with a large amount of work remaining. However, negotiations are...
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Oil watchers now see a real threat of supply disruptions after latest Iran-Israel escalation

Oil watchers are now seeing a genuine threat to crude supplies after Iran launched a ballistic missile attack on Israel,...
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Goldman Sachs says crude could spike by $20 on Iran oil shock

Oil prices could shoot up $20 per barrel if Iranian production sees a hit, according to Goldman Sachs. U.S. crude...
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Alphard Maritime Looks To Set Up A $500 Million Shipping Fund In IFSC Gift City

Alphard Maritime Group plans to set up a $500 million shipping fund in the Gujarat International Finance Tec-City (GIFT City)...
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US port strike ends leaving cargo backlog

US East Coast and Gulf Coast ports began reopening late on Thursday after dockworkers and port operators reached a wage...
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Thousands of shipping containers have been lost at sea. What happens when they burst open?

Russ Lewis has picked up some strange things along the coast of Long Beach Peninsula in Washington state over the...
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South Korean Shipbuilders Land KRW 2 Tril. in Orders in a Single Day

The three major domestic shipbuilders—HD Korea Shipbuilding, Hanwha Ocean, and Samsung Heavy Industries—announced on Oct. 2 that they had secured...
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Russia’s Shadow Tankers Threaten Baltic Environmental Catastrophe

The environmental group Greenpeace has examined the risks that Russia’s shadow fleet poses to the Baltic Sea as its vessels...
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IMO MEPC 82: Negotiations On A New Net-Zero Framework Continue

The 82nd session of the IMO’s Marine Environment Protection Committee (MEPC 82) continued its negotiation of GHG fuel intensity requirements,...
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Tankers: VLCC Market on the Rise

Clean LR2 LR’s in the MEG were back to being subjected to downward pressure this week, taking them back to...
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Baltic index logs weekly fall as capesize dips

The Baltic Exchange’s main sea freight index fell on Friday, marking its first weekly decline in three, as the capesize...
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Panama Maritime Authority will automatically cancel the registration of any vessel found to be involved in illegal activities or that changes its flag to evade sanctions.

The Panama Maritime Authority (PMA) announces that, following an internal investigation, it will automatically cancel the registration of any vessel found to...
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The new global architecture for renewable fuels transport takes a major step forward

The Clean Energy Marine Hubs (CEM Hubs) welcomes the government of Greece and new partners ABS, Lloyd’s Register Maritime Decarbonisation...
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Bureau Veritas announces the integration of VeriSTAR Green with OrbitMI to enhance maritime emissions compliance

In collaboration with OrbitMI, VeriSTAR Green will support shipowners in their efforts to comply with newly introduced emissions regulations  Bureau...
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DP World Expands Marine Services Fleet with New Vessels Offering Cutting-Edge Efficiency

DP World welcomed two newly built vessels to its Marine Services fleet, further strengthening its commitment to sustainability and operational...
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APM Terminals extends concession for ACT in Jordan

Extension agreement was approved this week by the Cabinet in Amman Since 2006, APM Terminals, in partnership with Aqaba Development...
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Fincantieri delivers the fourth PPA “Giovanni delle Bande Nere” in Muggiano

The delivery of the fourth Multipurpose Combat ship (PPA) “Giovanni delle Bande Nere” took place at Fincantieri’s shipyard in Muggiano (La Spezia)....
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E-Fuels projected to be available for next Zero Emission Maritime Buyers Alliance (ZEMBA) tender

A new report released by the Zero Emission Maritime Buyers Alliance (ZEMBA) and Lloyd’s Register Maritime Decarbonisation Hub found that e-fuel-powered shipping services are...
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