The Norwegian shipping company Klaveness Combination Carriers ASA (KCC) has taken a strong step toward improving vessel efficiency and reducing emissions with WE Tech Solutions (WE Tech), opting to install shaft generators on nine vessels in its fleet. This includes...

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NeptuneZero, a Greek deep-tech company developing AI-powered solutions for vessel performance optimization and automated maritime reporting, announces the completion of a €500,000 seed investment round. The round was led by Corallia Ventures TT AKES, with...

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Hapag-Lloyd and Kuehne+Nagel are further strengthening their long-standing partnership and, for the first time, collaborating on emission-reduced ocean transport solutions. As part of this agreement, Kuehne+Nagel will utilize Hapag-Lloyd’s “Ship Green” product to...

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Rotterdam and Europe Rotterdam’s B30-VLSFO (POMEME) price has increased by $35/mt in the last week. The port’s conventional VLSFO price rise has been over twice as steep, at $74/mt. Prima Markets has assessed a $13/mt drop in its ARA POMEME barge price over the last...

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It’s been a nightmare two months for global shipping, with the Strait of Hormuz largely shut to commercial traffic and the threat of fresh attacks on vessels in the Red Sea. Now, a third crisis is brewing — a resurgence in Somali piracy. Even before the latest...

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