K Line’s Profit for Fiscal Year 2024 Up 199.4% To $2bln
Kawasaki Kisen Kaisha, Ltd. has announced its consolidated financial results for the fiscal year ended March 31, 2025, reporting operating revenues of ¥1,047,944 million...
Wärtsilä Launches Carbon Capture System for Ships
Wärtsilä has introduced its onboard carbon capture and storage (CCS) system to the maritime industry.
The system can reduce CO₂ emissions by up...
Ocean Yield Increases Stake in France LNG Shipping to 45%
Ocean Yield AS has announced an agreement to acquire Access Capital Partners' share in Geogas LNG, thereby increasing its indirect economic interest in France...
European Commission Approves Reintroduction of Italy’s “International Registry” Scheme
The European Commission has given its approval for the reintroduction of Italy's "International Registry" scheme. This initiative is designed to incentivize shipping companies to...
Samsung Heavy Industries Expands FLNG Portfolio with Deep-Sea Model
Samsung Heavy Industries (SHI) has announced an expansion of its product offerings with the development of the MLF-O, which stands for Modularized LNG Floater...
IMO Regulations Projected to Significantly Increase Ship Operating Expenses
The International Maritime Organization's (IMO) recently agreed Net-Zero Framework is projected to significantly increase ship operating costs. By 2035, it is estimated that this...
Concerning Maritime Security Overview: Dryad Global Reports Rising Risks and Tensions
This week's maritime security overview paints a concerning picture with several key areas experiencing heightened risks and tensions, reports Dryad Global.
Persisting Piracy
Maritime crime remains...
Rhenus Group to Commence Barge Operations Across India’s National Waterways
Through a newly established Memorandum of Understanding (MoU), the Rhenus Group, a prominent global logistics service provider, is set to commence barge operations across...
Port of Gothenburg Tests Hydrogen Generator for Onshore Power Supply to Ships
A promising initiative at the Port of Gothenburg is nearing completion: a pilot project utilizing a hydrogen generator to provide electricity to berthed vessels....
Apollo Funds to Acquire Hav Energy from HitecVision
Apollo Global Management to acquire Hav Energy LNG Holding AS from HitecVision, expanding in maritime LNG carrier infrastructure.
Hav Energy owns 10 LNG...