The Port Infrastructure using Novel Energy Storage (PINS) project has successfully explored solutions to help UK ports and harbors overcome grid limitations and high connection costs, vital for the electrification of vessels. Focusing on pilot sites in Cowes, Portsmouth and Falmouth, the study tackled differing operational needs and infrastructure challenges, ultimately proving that battery energy storage paired with smart energy management makes shore power and vessel charging more feasible…
The Baltic Exchange's dry bulk freight index, which tracks rates for ships carrying dry bulk commodities, rose to its highest level in about two and a half years on Thursday, buoyed by strong rates across all vessel segments.The main Baltic index…
Methanol has been in the news this week with the announcement by Jumbo of a contract with Dajin Heavy Industry for the construction of two methanol-ready heavy lift vessels and with Sanmar’s announcement that the world's first dual fuel methanol…
Zinus has been awarded its first-ever contract in Australia by UGL Transport with the end customer being Transport for NSW for a charging tower installation at the iconic Barangaroo Wharf in Sydney.Under the contract, Zinus will deliver its fully autonomous DC Charging Tower…
For most ship managers, husbandry port calls sit in an uncomfortable gap. They are operationally critical: the crew changes, repairs, bunkering stops and maintenance calls that keep vessels running, yet they are routinely managed through email chains…
The MISC Group revenue of RM2,891.4 million ($729 million) was 2.7% higher than the revenue for the period ended March 31, 2025.The increase was mainly due to higher revenue from the company’s Petroleum and Product Shipping segment, primarily driven by higher freight rates and earning days…
Macgregor has released its first quarter 2026 interim report indicating a strong start to 2026 with continued positive momentum, despite a dip in ordering.MacGregor CEO Jonas Gustavsson said: “The first quarter of 2026 marks a solid start to our first full year as a standalone company…
Jumbo has announced the signing of a contract with Daiia Heavy Industry for the construction of two new heavy lift transportation vessels. The vessels will form Jumbo's new L-Class fleet, designed to support a broad range of heavy lift transport operations…
Syria's General Authority for Borders and Customs has signed an agreement with French shipping and logistics group CMA CGM to operate two dry ports within the free zones of Adra, in Damascus' outskirts, and Aleppo, Syrian state news agency SANA reported on Tuesday…
U.S. grain and soybean futures fell on profit-taking on Wednesday, traders said, erasing some of this week's gains that were driven by hopes for increased Chinese buying.Corn and soy also pulled back on expectations for favorable U.S. planting conditions in the Midwest…
Next Geosolutions, an international player in marine geoscience and offshore construction support services for the energy sector and listed on Euronext Growth Milan market, announces the award of a contract by TenneT TSO B.V. with a total value of approximately USD$10…
Cocoa futures on ICE fell to two-week lows on Monday, extending last week's losses after retreating from a 3-1/2-month peak, while raw sugar prices also declined.COCOA* London cocoa was down 6.2% at 2,845 pounds a metric ton at 1542 GMT, after having hit its lowest since May 5 at 2…
