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Damen and Caterpillar Partner to Introduce Methanol-Powered Tugs

Damen and Caterpillar Partner to Introduce Methanol-Powered Tugs

Damen Shipyards announced plans to develop and build methanol-powered tugs. The shipbuilder headquartered in the Netherlands signed a Memorandum of Understanding for the joint development of a series...

Germany Finalizes a Long-Term LNG Supply Deal with Qatar

Germany Finalizes a Long-Term LNG Supply Deal with Qatar

After almost a year of negotiations, Germany has finally signed a deal for LNG import with Qatar. The 15-year long-term contract, which takes effect starting in 2026, will be the next key step in the...

UN: Investments to Combat Delays, Consolidation, and Aging Fleets

UN: Investments to Combat Delays, Consolidation, and Aging Fleets

Increased investment is required all across the maritime supply chains to better prepare for future global crises and to continue the emergence of developing economies says a new report from the UN Co...

Helsinki Shipyard Starts Tender to Free Cruise Ship From Sanctions

Helsinki Shipyard Starts Tender to Free Cruise Ship From Sanctions

The Helsinki Shipyard launched a tender for the sale of the incomplete third expedition cruise ship the yard is building for Swan Hellenic. Referred to simply as cruise ship hull no. 518, the vessel i...

Container Shipping is Set for Record Profits Despite Spot Rate Decline

Container Shipping is Set for Record Profits Despite Spot Rate Decline

In the past few months, container freight rates have been normalizing to pre-pandemic levels. Several spot rate indices have been showing consistent declines for 39 weeks in a row, but the declines ar...

Shell Acquires Europe’s Largest Producer of Biomethane

Shell Acquires Europe’s Largest Producer of Biomethane

Shell is joining the other majors in the energy business in building an expanded presence in the supply of biomethane, which is viewed as one of the leading emerging alternative fuels for industries i...

Canada’s New Indo-Pacific Strategy to Counter China’s Influence

Canada’s New Indo-Pacific Strategy to Counter China’s Influence

Canada intends to increase its naval presence and conduct additional military exercises in the waters of the Indo-Pacific region joining with the growing number of global powers determined to counter...

Executive Director - Port of Palm Beach

Executive Director - Port of Palm Beach

The Port of Palm Beach Commission is recruiting for an Executive Director, with a demonstrated record of experience in Port management, which includes overseeing all operations, functions, and activit...

Stowaways Found on Tanker’s Rudder After Making 2700 NM Trip

Stowaways Found on Tanker’s Rudder After Making 2700 NM Trip

Three stowaways were found sitting on the top of a tanker’s rudder when the vessel arrived in Spain’s Canary Islands on Monday. They were taken to a local hospital while the local migrant services are...

Scania Issues Green Bond to Finance Investment In Electrification

Scania Issues Green Bond to Finance Investment In Electrification

[By: Scania] To support its continued investments in electrification, Scania issued another green bond, this time totalling SEK 3 billion. The proceeds will be used for additional investment in the...