A global operational alliance between two of the world’s largest container shipping companies will not go into effect next week as planned following a move by the U.S. Federal Maritime Commission to study the potential competitive impacts of the arrangement.The FMC said on Friday it is seeking more information to determine the potential competitive impacts of the proposed Gemini Cooperation
“It was the best of times, it was somewhat confusing times, it was the age of wisdom, it was the age of the learning curve, it was the season of light, it was the season of, uh, still not enough light.” ― Deepest apologies to Charles Dickens, A Tale of Two Cities, 1859As the world zeroes in on alternative energy sources and products that can deliver power and performance
Gearbulk announced it has signed a contract for delivery of up to four ammonia/methanol-ready, 82,300 dwt open hatch newbuildings. The contract is firm for two vessels, with an option to purchase a further two.The Swiss-headquartered company said it has secured financing for the vessels, and CSSC Huangpu Wenchong Longxue shipyard will deliver the first two vessels in the first half of 2027.
Fincantieri signed a "green" construction loan for a maximum amount of $461m with Intesa Sanpaolo (IMI Corporate & Investment Banking Division) and Cassa Depositi e Prestiti (CDP), the proceeds of which will be used to cover the financial needs linked to the construction of the Mein Schiff Relax
HGK Shipping ordered from De Gerlien van Tiem shipyard in Druten, Netherlands, a new, low-emission dry goods vessel, a vessel to be specially tailored to the requirements of Salzgitter Flachstahl. Equipped with a diesel-electric drive system and solar panels and designed to be “future-fuel-ready”
The Argentine government will call for a national and international public tender to privatize its stretch of the Paraguay-Parana waterway through a 30-year concession, cabinet chief Guillermo Francos said.The waterway, a natural river corridor that extends through the Parana and Paraguay rivers, is a key transport route to the sea from inland areas of Paraguay, Bolivia and southern Brazil.
Port ranks number one for refrigerated exports, supports $8.5 billion in ag exports.The Port of Oakland continues to be one of the most important gateways for U.S. agricultural products. The Port exported 235,899 TEUs (twenty-foot containers) of agricultural commodities as of October 2024, totaling nearly $8.5 billion.
Vietnam's Cai Mep LNG terminal is seeking a cargo to initiate commissioning tests, two industry sources said, putting it on track to become the country's second terminal to bring in the fuel.As it seeks to reduce reliance on coal, Vietnam has ambitious plans to build up LNG import terminals and a fleet of 13 LNG-fired power plants that could account for 15% of the country's total installed power
The first "saltie" of the 2024 Great Lakes shipping season entered the Port of Duluth-Superior on Monday,Oceangoing vessels that visit the Great Lakes are called "salties".This year, the first to call the Port of Duluth-Superior is the Portuguese-flagged Barbro G, a 623-foot bulk carrier operated by Sweden’s Brochart KB, which completed the season’s first full transit of the St.
Nord Stream is seeking more than 400 million euros ($436 million) from its insurers over explosions in 2022 which ruptured pipelines designed to transport Russian gas to Germany, court filings show.Nord Stream AG names Lloyd's Insurance Company and Arch Insurance (EU) DAC as defendants in its lawsuit, which was filed at London's High Court last month.
Swedbank has signed the Poseidon Principles, a global framework for integrating climate considerations into lending decisions within ship financeThe Poseidon Principles provide a standardised methodology for data collection and reporting of emissions from banks’ shipping portfolios, with the overall ambition of supporting and facilitating the decarbonization of the shipping industry.
Hy2gen, the global developer, financier builder, owner and operator of renewable hydrogen and hydrogen-based e-fuels plants, and Amogy, the provider of ammonia power technology, today have signed an MoU to collaborate in the field of renewable ammonia.The agreement encompasses the pooling of resources to advance the use of renewable ammonia as a maritime fuel