South Korean shipping giant Hyundai Merchant Marine (HMM) has joined the Getting to Zero Coalition, a new alliance that aims to accelerate international shipping’s decarbonization.Getting to Zero Coalition is a powerful alliance of nearly 100…
Global giants of the oil and gas industry – the so-called supermajors – are looking to sell assets that could fetch a total of $27.5 billion, according to Rystad Energy’s latest assessment.These companies are actively shedding mature assets…
Marine Management Organisation (MMO) has published results of a project undertaken by the UK-based marine consultancy ABPmer, to develop a method to assign values to shipping cargo.The resulting mapping and information will improve the evidence base used in developing marine plan policies…
CargoSmart, the provider of global shipment management software solutions, announced its brand-new CargoSmart Connected Reefer Solution, a one-stop reefer cargo management solution for ocean carriers and shippers.The AI and IoT-enabled solution features end-to-end information transparency…
Danfoss Editron has appointed Erno Tenhunen as its new Marine Director. He will lead the company’s marine business, with overall responsibility for sales, the delivery of projects and developing new systems technology at a time when electrification is a hot topic in the global marine industry…
Swiss headquartered container shipping group MSC has appointed Soren Toft as the new chief executive officer of its cargo business from rival company A.P. Moller Maersk, an MSC spokesman said on Monday.A start date for Toft has yet to be determined…
Protesters blocked entry to Iraq's main commodities port again on Monday while schools and government offices in many southern cities were shut in response to calls for a general strike.At least 315 people have been killed since the start of mass unrest in Baghdad and southern Iraq in early October…
Russia on Monday handed back three naval ships it captured last year to Ukraine, something Kiev wanted to happen before a four-way peace summit on eastern Ukraine next month in Paris.The handover, confirmed by the two countries' foreign ministries…
Malaysia has prohibited the use of open-loop scrubbers by ships plying Malaysian waters, as Southeast Asia's third-largest economy joins the growing number of nations adopting new industry guidelines on reducing sea pollution.New regulations…
The offshore wind industry in the United States is growing exponentially, with multiple projects in the development stages off of the Atlantic coast. The total megawatt capacity of U.S. offshore wind farms is anticipated to reach 22,000 by 2030 and 43…
Global downstream gas and LNG logistics company Atlantic Gulf & Pacific (AG&P) has made a strategic equity investment in Norway-based Kanfer Shipping.Kanfer is a developer of small-scale LNG sea transportation, maritime break-bulk solutions…
The European Bank for Reconstruction and Development (EBRD) said that it is backing the new US$ 600 million five-year bond issued by Mersin International Port, the operator of Turkey’s largest port.The Bank has invested US$ 90million in the issuance…
Norway-based shipowner 2020 Bulkers announced that the time charters of two of its vessels with the global commodity trader Koch Supply and TradingUnder the new deal, the dry bulk shipping company vessels Bulk Santiago and Bulk Seoul will continue…
Costa Cruises and the Western Ligurian Sea Port Authority have reopened the Calata delle Vele cruise ship quay and Palocrociere Terminal One in Italy’s port of Savona following an extensive renovation.The ceremony was attended by the city's mayor…
The Port of San Diego in the US is planning to purchase seven vehicles for its work fleet that will run on renewable diesel fuel, in its efforts to act as an environmental champion of San Diego Bay.The Board of Port Commissioners approved a $700…