CF Industries, Trafigura and TFG Marine have signed a memorandum of understanding (MoU) to facilitate the adoption of low-carbon ammonia as a marine fuel.Building on the successful collaboration between CF Industries and Trafigura in the shipment of low-carbon ammonia, the agreement establishes a framework for the parties to work together on advancing low-carbon ammonia as a marine fuel
Kawasaki Heavy Industries and Japan Suiso Energy have signed a contract to build the world’s largest liquefied hydrogen carrier, marking a step toward the commercialization of an international hydrogen supply chain.The vessel will have a cargo capacity of about 40,000 cubic meters and will be built at Kawasaki Heavy Industries’ Sakaide Works in Kagawa Prefecture.
St. Catharines, Ontario–based Algoma Central Corporation (TSX: ALC) reported a solid third quarter for 2025, marked by fleet milestones, steady revenue growth across segments, and ongoing investment in next-generation vessels.For the quarter ended September 30, Algoma posted revenue of C$228 million, up from C$205 million a year earlier, and EBITDA of C$89.7 million, a 19% increase year-over-year.
Sallaum Lines has launched its first LNG dual-fuel pure car and truck carrier (PCTC) newbuilding, the Ocean Breeze, with a landmark ceremony in the port of Antwerp.The Ocean Breeze has capacity for 7,500 CEU and is powered by dual-fuel LNG engines. The vessel delivers substantial reductions in CO2, NOx, and particulate emissions compared to conventional tonnage.
Danish offshore wind installation firm Cadeler has signed a firm contract with Ocean Winds for the transportation and installation of 26 Siemens Gamesa 14 MW offshore wind turbines at the BC-Wind offshore wind farm in the Polish Baltic Sea. The signing of this firm contract follows the Vessel Reservation Agreement (VRA) signed in February 2025 between Cadeler and Ocean Winds.
The U.S. on Tuesday rejected the "Net-Zero Framework" proposal by the IMO, which is aimed at reducing global greenhouse gas emissions from the international shipping sector, and threatened measures against countries that support it.The announcement, made in a joint statement by Secretary of State Marco Rubio, Commerce Secretary Howard Lutnick
Hanwha Shipping, a U.S. subsidiary of Korean shipbuilder Hanwha Ocean, on Tuesday said it ordered an LNG carrier valued at roughly $252 million from its own Pennsylvania-based unit Hanwha Philly Shipyard.Under the agreement, the ship will be built in Korea and flagged in the United States. It is slated for delivery in the first half of 2028.
Fugro has been selected by nonprofit organization Ocean Visions to lead the development of a standardized environmental impact assessment framework for marine carbon dioxide removal (mCDR), a set of emerging technologies that enhance the ocean’s natural ability to store carbon.The initiative aims to support the permitting of mCDR projects by providing a transparent
Australia’s unique enclosed self-discharging transhippers ensure a dust-free supply chain for the Onslow Iron project.Onslow in north Western Australia is a desert. It receives less than 10 inches of rain a year, and for much of the year temperatures reach 95 degrees Fahrenheit. It’s known for dust storms that can turn the town red.
Britain's Prince William on Sunday called on world leaders and businesses to take urgent action to protect the planet's oceans, saying it was a challenge "like none we have faced before."Speaking ahead of the U.N. Ocean Conference, which begins in France on Monday, William said rising sea temperatures
Mitsui O.S.K. Lines (MOL) has taken delivery of the Kohzan Maru VII, a newbuilding dual-fuel methanol carrier, which will serve Mitsubishi Gas Chemical Company (MGC) under a long-term charter.The Kohzan Maru VII was delivered at HD Hyundai Mipo shipyard, where the naming ceremy took place.
The prospect of a large scale return of container ships to the Red Sea following the announcement of a ceasefire between the US and Houthi militia in Yemen would flood the market with shipping capacity and cause a global collapse in freight rates, but the situation remains far from certain.