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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...
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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,...
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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...
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Alexandrite class minesweeper Polyarny commissioned into service with Russian Navy

Alexandrite class minesweeper Polyarny commissioned into service with Russian Navy

Sredne-Nevsky Shipyard (SNSZ, part of United Shipbuilding Corporation / USC) hosted today an official ceremony of the Russian Navy flag hoisting...
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Orca AI, Samsung Heavy Industries sign MoU on autonomous ships

Orca AI, Samsung Heavy Industries sign MoU on autonomous ships

Orca AI has signed a memorandum of understanding with Samsung Heavy Industries to accelerate large-scale deployment of autonomous vessel technology...
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Hormuz disruption may cap dry bulk growth through 2027

Hormuz disruption may cap dry bulk growth through 2027

Dry bulk demand growth could be materially constrained through 2027 if disruption persists in the Strait of Hormuz, a route...
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Adani Ports Q4 profit up 9% to $348m on 133.4m tonnes cargo

Adani Ports Q4 profit up 9% to $348m on 133.4m tonnes cargo

Adani Ports and Special Economic Zone reported a 9% year-on-year increase in fourth-quarter profit after tax to ₹3,308 crore ($348m),...
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OOCL orders 12 LNG dual-fuel 13,600 TEU container ships

OOCL orders 12 LNG dual-fuel 13,600 TEU container ships

Orient Overseas Container Line Ltd. (OOCL) has ordered twelve 13,600 TEU class LNG dual-fuel container vessels under shipbuilding contracts signed...
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PSA wins Xiamen terminal stake in 20 million TEU Fujian hub

PSA wins Xiamen terminal stake in 20 million TEU Fujian hub

PSA International has secured an investment in Xiamen Container Terminal Group, which operates eight container terminals with a combined annual...
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RV Akademik Fedorov returns home after Antarctica expedition

RV Akademik Fedorov returns home after Antarctica expedition

The Arctic and Antarctic Research Institute (AARI) says its research vessel Akademik Fedorov has successfully completed yet another Antarctic voyage...
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Ardmore Shipping Provides Update on Fleet Investment, Dividend Policy, and Vessel Sale

Ardmore Shipping Provides Update on Fleet Investment, Dividend Policy, and Vessel Sale

Ardmore Shipping Corporation provided the following update on capital allocation, vessel sale, and latest TCE guidance. Fleet Investment The Company...
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The Mission to Seafarers Appoints Guy Platten as New Chair

The Mission to Seafarers Appoints Guy Platten as New Chair

The Mission to Seafarers is pleased to announce the appointment of Guy Platten as its new Chair. A Chartered Master...
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Seaside LNG Announces Expanded C-suite Leadership Team

Seaside LNG Announces Expanded C-suite Leadership Team

Seaside LNG, North America’s premier integrated LNG bunkering platform, today announced the appointment of a newly formed C-suite leadership team...
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UAE’s exit rattles OPEC’s grip on the oil market

UAE’s exit rattles OPEC’s grip on the oil market

The UAE’s exit from OPEC is momentous, and undoubtedly the biggest schism in the organisation since it was founded in...
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Port cities present climate action plans at IMO MEPC reception

Port cities present climate action plans at IMO MEPC reception

Cities and ports are accelerating the shift to clean energy and shipping fuels, fostering inclusive dialogue with workers and local...
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World’s largest car carrier delivered in China, boosting global auto transport capacity

World’s largest car carrier delivered in China, boosting global auto transport capacity

A car carrier with a maximum capacity of 10,800 car equivalent units, described as the world’s largest of its kind,...
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Danish shipowners flag concern over Middle East crisis

Danish shipowners flag concern over Middle East crisis

Chief executives of major Danish shipping companies have expressed concerns over inflated costs of shipping due to the ongoing geopolitical...
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Mitsui O.S.K. Lines Sees Firming Market Conditions in Dry Bulk

Mitsui O.S.K. Lines Sees Firming Market Conditions in Dry Bulk

In the crude oil tanker market, conditions remained firm in the first half of the fiscal year, as in the...
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World Container Index Keeps Trending Lower

World Container Index Keeps Trending Lower

The Drewry World Container Index (WCI) declined for the third consecutive week, easing 1% to $2,216 per 40ft container, due...
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Hormuz disruption shows why early-warning data matters

Hormuz disruption shows why early-warning data matters

New UNCTAD dashboard tracks risks across shipping, energy, food and finance as shocks from the Strait of Hormuz spread through...
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