HD Hyundai Mipo Delivers South Korea’s First Hybrid Ro-Ro Vessel
South Korea Launches First Hybrid Ro-Ro Ship, Marking a Maritime Milestone.
Hyundai Mipo Unveils Chaumine, A Next-Gen Hybrid Car Carrier.
Hyundai Mipo Delivers...
Mitsubishi Shipbuilding Nets Orders for 3 Methanol-Fueled RORO Vessels
Accumulated technology for alternative fuel utilized to support the construction of methanol-fueled RORO vessels.
High-performance dual-fuel engines reduce CO2 emissions per transport unit...
NORDEN Sells Fleet, Pushes Forward with Share Buybacks
Danish shipping company NORDEN has sold five vessels since the release of its 2024 Annual Report on 6 February 2025, in line with its...
Global Shipping Lines Post $60 Billion Profit in 2024, Outpacing Pre-COVID...
Major shipping lines reported a combined 2024 EBIT of $27.3 billion, significantly lower than the record-breaking 2021-2022 period.
2024 profitability surpasses pre-COVID years,...
Crowley and Naturgy Unveil First U.S. LNG Carrier, American Energy
Crowley raises the U.S. flag on American Energy, the first U.S.-flagged LNG carrier transporting U.S.-sourced LNG to Puerto Rico.
Multi-year agreement with Naturgy...
Hanwha Ocean Completes First U.S. Navy Vessel MRO in Korea
Hanwha Ocean successfully completed the first-ever MRO of a U.S. Navy vessel in Korea at its Geoje Shipyard.
USNS Wally Schirra underwent hull...
Singapore, India to Explore Green Digital Shipping Corridor Pact
Singapore and India are set to explore a Letter of Intent (LoI) for a Green Digital Shipping Corridor (GDSC).
The agreement aims to...
ESL and SSAB Strengthen Partnership for Sustainable Shipping
ESL Shipping and SSAB extend their long-term agreement for raw material sea transport in the Baltic Sea and North Sea.
ESL Shipping investing...
Drewry: Blank Sailings Rise as Freight Rates Continue to Slide
58 sailings cancelled across major East-West trade lanes between weeks 13 and 17, representing an 8% cancellation rate.
Transpacific Eastbound sees the highest...
Inspection Campaign Finds Issues with Crew Pay and Employment Contracts
Between September 1st and November 30th, 2024, the Tokyo MOU (Memorandum of Understanding on Port State Control in the Asia-Pacific Region), in collaboration with...
Collision in Gibraltar Anchorage Raises Questions on Departure Pilotage
A small collision between an LNG tanker and a bulk carrier in Gibraltar's western anchorage has raised renewed concerns about pilotage regulations for departing...
Study Examines Decarbonization Potential of Alternative Marine Fuels
A study commissioned by CMA CGM and conducted by IFPEN has examined the greenhouse gas (GHG) emissions of alternative marine fuels, specifically methanol and...
Dry Bulk Market Buoyant Due to Reduced Ballasters and C3 Congestion
The dry bulk freight market is currently buoyant due to a substantial reduction in ballaster vessels on the C3 route. This decrease is creating...
MABUX Reports Mixed Movements and LNG Price Increase
The MABUX Global bunker indices, at the end of the 12th week, displayed a lack of consistent direction, with fluctuations observed across different fuel...
Joint Maritime Traffic Center Planned for Stockholm’s Värtahamnen Port
The Swedish Maritime Administration and Ports of Stockholm are creating a joint maritime traffic center in Stockholm. This collaboration aims to improve the efficiency...
Solstad Offshore Secures New Contract With Subsea7 For Normand Subsea
Norwegian offshore vessel owner Solstad Offshore has signed a new contract with Subsea7 for its subsea construction support vessel (CSV) Normand Subsea. The agreement...
Malta Signs Historic Shore Power Agreement With Carnival UK & P&O...
In a first for the Mediterranean cruise region, the Maltese Government has signed a power purchase agreement with Carnival UK & P&O Cruises. Under...
ABS And MTI Advance Maritime Autonomy With APExS-Auto Approval
ABS and Monohakobi Technology Institute (MTI) have successfully completed a major collaboration in developing fully autonomous vessels. The APExS-auto maritime autonomy framework, developed by...
Hapag-Lloyd Reports Strong 2024 Results Amid Market Challenges
Hapag-Lloyd has published its annual report for 2024, highlighting slightly higher operating results despite a challenging market. The Group EBITDA reached USD 5.0 billion...
Stena Line Partners With Norsepower To Boost Sustainable Shipping
Stena Line and Norsepower have signed an agreement to install two Norsepower Rotor Sails™ on the new methanol-hybrid RoRo vessel, Stena Connecta. This initiative...