Tanker owner Performance Shipping entered into a sale and leaseback agreement with an unaffiliated third party for a previously announced newbuild LR2 Aframax tanker vessel. This concludes the financing for all three newbuilding LNG-ready, scrubber…
AsstrA-Associated Traffic AG, a provider of logistics and transportation solutions, successfully completed the first stage of transporting Outside Battery Limits (OSBL) modules for the INEOS Project ONE, an initiative to build an ethane cracker at the port of Antwerp…
The Honourable Minister of Marine and Blue Economy, Adegboyega Oyetola, CON, has reaffirmed Nigeria’s commitment to strengthening maritime collaboration with The Gambia to bolster regional security and economic growth. Speaking at the Fourth Blue Economy Conference in Banjul…
The Bilbao Port Authority reports it is making progress toward its 2023-2026 Strategy Plan, with advancements in sustainability, infrastructure and economic growth.Key highlights include:Sustainability Initiatives: The port has reduced air pollution and carbon footprint by 27%…
Florida International Terminal (FIT), one of SAAM Terminals' port terminals, had a great 2024: not only did it manage to extend its concession until 2035, but it also made significant progress in innovations to improve its service.'The concession…
DP World is making a £60m investment in the UK’s trading capacity with an order of four new quay cranes for its Southampton container terminal.The new cranes will be the largest quay cranes in Europe and can perform quad lifts, moving two 40-ft…
Governor for the US state of Maryland, Wes Moore, has announced that the Helen Delich Bentley Port of Baltimore’s state-owned public and private marine terminals handled 45.9 million tons of cargo in 2024, making it the second-best ever year after 2023 when the port handled a record 52…
Following an extraordinarily late end to last season, Klaipėda Port kicked off the 2025 cruise season with a record-breaking early start, welcoming its first cruise liner. Sixty-three cruise ships are expected to call at Klaipėda Port by mid-October…
Since entering service in 2015, the all-electric ferry MF Ampere has sailed the equivalent of 17 times around the equator on batteries alone.Despite a chorus of critics and skeptics in during the project, a decade later, Ampere continues to showcase the potential of electric technology…
A groundbreaking initiative led by the International Maritime Organization (IMO) and the Kingdom of Saudi Arabia (KSA) aims to address the global seafarer shortage while creating career opportunities for aspiring seafarers from developing nations…
Cavotec signed a multi-million euro order for its MoorMaster NxG automated mooring system to be installed at the Port of Dublin in Ireland. The order, signed at the end of 2024, marks the first deployment of MoorMaster technology in Ireland…
Klaipėda Port Authority in Lithuania has signed an agreement for the infrastructure buildout for the offshore wind energy projects, starting with the reconstruction of quays on Smeltė peninsula, which will ensure assembly, handling and transportation of offshore wind turbines…
MMC Port Holdings has hired CIMB and Maybank to work on an initial public offering (IPO) in Malaysia that could raise more than $1.34B, two sources with knowledge of the matter said.RHB and UBS have also been asked to help prepare the IPO, two further sources said…
Flex LNG Ltd. released its unaudited financial results for the fourth quarter and full year ended December 31, 2024, reporting a robust performance amid a challenging LNG shipping market.Flex LNG posted vessel operating revenues of $90.9 million for the fourth quarter…
McQuilling Services announced the release of its 28th anniversary edition, 2025-2029 Tanker Market Outlook.This 183-page report provides a detailed analysis of oil fundamentals, global economic and geopolitical context in addition to tanker demand and supply projections across eight vessel classes…
