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Study shows South Africa-Europe shipping route could run on green ammonia by 2029

Ammonia-fueled bulk carriers could feasibly be deployed on the South Africa-Europe iron ore trade route as soon as 2029 and scale toward full decarbonisation by 2035, according to the Global Maritime Forum. The feasibility study, produced in collaboration with a...

Iron ore volumes poised to lead global dry bulk growth

After a brief period in which bauxite seaborne trade growth outpaced iron ore, international shipbroker IFCHOR GALBRAITHS projects that iron ore will reclaim its dominant position in global commodities markets from 2026 onward. The recent surge in bauxite exports,...

Baltic Index Extends Gains On Rising Capesize Prices

The Baltic Exchange’s dry bulk sea freight index, which monitors rates for vessels moving dry bulk commodities, extended gains on Thursday, supported by a rise in capesize vessel rates. The main index, which factors in rates for capesize, panamax and supramax shipping...

Small Modular Nuclear Reactors in Focus for ABS and KRISO

(HOUSTON) ABS and the Korea Research Institute of Ships & Ocean Engineering (KRISO) signed a memorandum of understanding (MOU) to cooperate on the application of small modular reactors (SMRs) in the marine and offshore sectors. The agreement establishes a...

OceanPal in Partnership with NEAR Foundation Announces $120M PIPE Investment to Launch SovereignAI to Buildout Near-Powered AI Infrastructure

OceanPal Inc. announced the closing of a $120M private investment in public equity transaction for the purchase and sale of common stock and/or pre-funded warrants to purchase shares of common stock (the “Offering”). The Company intends to use the net proceeds of the...

World’s First Land-based Operation of Marine Hydrogen Engine Achieved by Consortium

Kawasaki Heavy Industries, Ltd., Yanmar Power Solutions Co., Ltd. and Japan Engine Corporation announced they have successfully conducted the world’s first land-based operation of marine hydrogen engines. The demonstration took place at Japan Engine’s headquarters...

Study shows South Africa-Europe shipping route could run on green ammonia by 2029

Iron ore volumes poised to lead global dry bulk growth

Baltic Index Extends Gains On Rising Capesize Prices

Small Modular Nuclear Reactors in Focus for ABS and KRISO

OceanPal in Partnership with NEAR Foundation Announces $120M PIPE Investment to Launch SovereignAI to Buildout Near-Powered AI Infrastructure

World’s First Land-based Operation of Marine Hydrogen Engine Achieved by Consortium

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