RECENT NEWS

US awards $59.6m grant to Port of Guam for crane upgrade

US awards $59.6m grant to Port of Guam for crane upgrade

The U.S. Department of Transportation’s Maritime Administration has awarded a $59.6m grant to the Port Authority of Guam to expand cargo-handling capacity at the island’s main seaport, according to the U.S. Department of Transportation. The funding is directed at...

Demand for Low-Carbon Shipping Has Fallen, but Long-Term Value Persists

Demand for Low-Carbon Shipping Has Fallen, but Long-Term Value Persists

Cargo owners’ willingness to pay (WTP) a premium for low-carbon fuels is crucial to maritime sector decarbonization. But this year, the results of BCG’s annual Shipping Decarbonization Survey reveal a marked drop in WTP, from 4.5% in 2024 to 3% in 2025, a level not...

BIMCO publishes time charter party targeting the emerging CO2 trade

BIMCO publishes time charter party targeting the emerging CO2 trade

BIMCO’s Documentary Committee has adopted a new time charter party which has been developed specifically for the maritime transport of liquefied carbon dioxide (LCO₂). The form, CO2TIME 2026, responds to the rapid development of carbon capture, utilisation and storage...

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