OceanWings Wingsail Solution Secures €19m Funding
AYRO has announced the close of a €19.2 million ($21 million) Series B round funding for its OceanWings wingsail solution, reports Bloomberg.
This was led by Blue Ocean, managed by SWEN Capital Partners, bringing the...
Asia Fuel Oil-VLSFO Margin Posts Weekly Drop, Cash Premium Climbs
Asia's very low sulphur fuel oil (VLSFO) refining margin posted a weekly decline on Friday, though the product's cash premium recovered in recent sessions, reports Nasdaq.
The 0.5% VLSFO crack LFO05SGDUBCMc1 fell to a premium...
MISC Signs LNG Transfer Agreement With Nissen Kaiun
MISC Berhad (MISC) has entered into a new partnership agreement with Japanese ship owner, Nissen Kaiun Co., Ltd. (Nissen Kaiun) for the sale and charter of two of its existing LNG carriers.
Under the terms...
GTT Secures Tank Design Order for ‘Cutting-edge’ LNG Carriers
GTT announces that it has received an order from its partner Jiangnan Shipyard (Group) Co., Ltd. for the tank design of two new Liquefied Natural Gas Carriers, on behalf of Shandong Marine Energy (Singapore)...
Cargotec’s Kalmar Helps Improving Rotterdam Short Sea Terminals
Kalmar, part of Cargotec, has concluded an agreement with Rotterdam Short Sea Terminals (RST) to supply six Kalmar hybrid straddle carriers. The large order was booked in Cargotec's Q3 2023 order intake. The machines...
China Unveils Country’s 1st Methanol Bunkering Standards
China has recently unveiled what is believed to be the first set of standards for methanol bunkering in the country, reports Xinde Marine News.
At the Global Sustainable Transportation Summit Forum and the 15th International...
Cargo Underwriters Face Varied Lithium-ion Battery Hazards
Lithium-ion batteries create different risks for cargo underwriters, according to International Union of Marine Insurance.
The demand for Lithium-ion (Li-ion) batteries
The demand for Lithium-ion (Li-ion) batteries, driven in part by decarbonisation, is soaring. The market...
Hapag-Lloyd Reports 29% Cost Inflation
Hapag-Lloyd’s data conveys 29 per cent rise in cost inflation, reveals a Port Technology news source.
Hapag-Lloyd’s substantial financial data
Based on Hapag-Lloyd’s substantial financial data as a market proxy, Sea-Intelligence has estimated that...
London Hub of DP World Adds South American Shipping Service
DP World welcomes new South American shipping service to its London hub, states a Bdaily news source.
DP World today
DP World today announced its latest milestone at London Gateway with the arrival of the first...
Another Baltic Hub Milestone, Terminal Handles 20 Millionth Container
Another milestone in the history of the Baltic Hub. The terminal has handled its 20-millionth container, mentions a Baltic Hub news source.
Baltic Hub celebrated handling 15 million TEUs
Not so far back, two years...
