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Contracts Signed for Construction of Ammonia-Fueled Ammonia Gas Carrier

Contracts Signed for Construction of Ammonia-Fueled Ammonia Gas Carrier

[By: ClassNK] In December 2023, Nippon Yusen Kabushiki Kaisha (NYK), Japan Engine Corporation, IHI Power Systems Co., and Nihon Shipyard Co., Ltd. signed a series of contracts to construct the worl...

Panama Canal Appoints First-Ever Chief Sustainability Officer

Panama Canal Appoints First-Ever Chief Sustainability Officer

[By: Panama Canal Authority] Deputy Administrator Ilya Espino de Marotta will accelerate the Canal’s efforts to foster a more sustainable era for its operations, its community, and global trade as...

GT Green Technologies & Partners Receive £3.7M Grant for New Project

GT Green Technologies & Partners Receive £3.7M Grant for New Project

[By: GT Green Technologies] GT Green Technologies, in collaboration with Carisbrooke Shipping and The University of Bristol, is set to revolutionise commercial shipping with its groundbreaking wind...

Five Times a Charm, ONE Sets Another TEU Record with New ULCV Class

Five Times a Charm, ONE Sets Another TEU Record with New ULCV Class

  Ocean Network Express (ONE) has done it again setting yet another record for the highest number of boxes loaded on a containership. The new ONE Intelligence, the last member of its new ultra larg...

Controversial Chinese Research Vessel Schedules Port Call in Maldives

Controversial Chinese Research Vessel Schedules Port Call in Maldives

  Tensions are being sparked in the Indian Ocean region with news that a Chinese marine research vessel, Xiang Yang Hong 03, will be making a visit to the Maldives starting next week. News of the v...

UN Warns of Growing Threat to Global Trade Due to Convergence of Challenges

UN Warns of Growing Threat to Global Trade Due to Convergence of Challenges

  UN officials are sounding the alarm on the growing global impact to trade from the mounting problems ranging from the Black Sea to the Suez and Panama Canals, and now the security problems in the...

Biden Confirms Pause on New LNG Export Permits for DOE Review

Biden Confirms Pause on New LNG Export Permits for DOE Review

  The administration of President Joe Biden confirmed today the earlier reports that it is launching a review of the U.S. approval process for new liquified natural gas (LNG) export permits in effe...

TUI Sets Supply Relationship to Launch First Methanol-Fueled Cruise Ship

TUI Sets Supply Relationship to Launch First Methanol-Fueled Cruise Ship

  TUI Cruises is a step closer to becoming the first line to operate a cruise ship on methanol and in time green methanol as part of the German company’s commitment to the decarbonization of its op...

Ørsted Cancels Maryland Power Agreement as it Reviews US Offshore Wind Plan

Ørsted Cancels Maryland Power Agreement as it Reviews US Offshore Wind Plan

Ørsted is continuing with its efforts to realign its U.S. offshore wind portfolio while also taking steps to emphasize that it remains committed to the market and sees future opportunities. The U.S. d...

Trafigura Tanker on Fire After Being Hit by Houthi Missile in Gulf of Aden

Trafigura Tanker on Fire After Being Hit by Houthi Missile in Gulf of Aden

  A Houthi missile has struck a product tanker operated for Trafigura, the commodity trading firm with the company confirm the vessel is on fire. It is the second report of attacks by the rebel gro...