CNOOC Adds Two Environmentally Advanced LNG Carriers to Global Operations
CNOOC delivered two new LNG carriers, Green Energy Star and Green Energy Moon, in Shanghai.
The vessels are part of the company’s “Green...
Yangzijiang Shipbuilding Cancels US$180m Tanker Contracts Over Sanctions Concerns
Yangzijiang Shipbuilding subsidiaries canceled contracts for four 50,000 DWT MR oil tankers worth about US$180 million.
The termination followed disclosures linking the buyer’s...
Gard Explains Scope and Impact of Panama Canal’s Disruption Tariff
The Panama Canal Authority introduced a “Disruption Charge” in January 2023, with penalties reaching up to USD 250,000.
Charges apply to vessels with...
U.S. Port Fee Spurs Shift in China-Built Vessel Deployment
Carriers are adjusting vessel deployment ahead of the U.S. port fee on China-built and China-operated ships.
On the Asia–North America west coast trade,...
Missile Attack in Gulf of Aden Marks Major Geographical Escalation
The missile attack on a commercial vessel in the Gulf of Aden marks a major escalation of the maritime threats in the region, extending...
Red Sea Attacks Cause $9 Billion Suez Canal Revenue Drop
The $9 billion revenue drop in the Suez Canal over the past two years, as cited by Egyptian President Abdel-Fattah al-Sisi, is primarily attributed...
MOL Stresses Rules-Based Order to Manage Geopolitical Risk
Mitsui O.S.K. Lines, Ltd. (MOL) played a high-profile role as the only Japanese shipping company to sponsor LISW2025 and participate in an official session...
ICCT Modeling Confirms Biofuels As Cost-Effective Compliance Pathway
The International Council on Clean Transportation (ICCT) has published a research estimating the maximum potential vegetable oil demand for international shipping under the International...
LNG Carrier CoolCo Accepts Majority Shareholder Buyout Offer
The Board of Directors of CoolCo has approved a definitive agreement for a merger with EPS Ventures Ltd., CoolCo's majority shareholder, in an all-cash...
EU and National Funds Secure $680 Million for Greek Port Upgrades
Greece has confirmed a $680 million investment plan to modernize its port infrastructure, with a priority on upgrading facilities across the Greek islands.
Port Modernization...
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