South Korea’s HD Hyundai, the world’s largest shipbuilding group, said Friday it is forming the industry’s first alliance for carbon neutrality along with Daewoo Shipbuilding & Marine Engineering, Samsung Heavy Industries, the American Bureau of Shipping and the...

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European shipowners today welcome the EU’s proposed Net-Zero Industry Act. The Act can be step-change in efforts to enhance Europe’s security and to support the energy transition of European industry. However, the new Act must properly recognise the strategic role of...

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The International Maritime Organization (IMO) has a historic opportunity in the next three months to put the global shipping industry on an equitable, 1.5°C-aligned decarbonisation pathway. Governments must use the upcoming meeting of the Intersessional Working Group...

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The Baltic Exchange’s main sea freight index dipped on Friday on weaker demand for capesize and panamax vessels, although gained for a fourth consecutive week. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, lost 25...

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Diana Shipping Inc., a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Cargill International S.A., Geneva,...

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