Nippon Yusen Kabushiki Kaisha (NYK Line) has signed an agreement with Australian resources company BHP Group to renew a memorandum of understanding (MoU) initially concluded in June 2022, reinforcing both companies’ commitment to support decarbonisation and improve...
The Global Centre for Maritime Decarbonisation (GCMD), AIM Horizon Investments and partners have announced the successful closing of the Fund for Energy Efficiency Technologies (FEET), securing total commitments of up to US$ 35m, exceeding its initial target. As the...
The Baltic Exchange has launched a new Time Charter Equivalent (TCE) earnings calculator, designed to bring clarity and consistency to freight assessments in an increasingly complex market. The calculator builds on the Baltic’s long-standing TCE methodology, which has...
Goltens Worldwide and WE Tech Solutions of Finland have signed a Memorandum of Understanding (MoU) to jointly promote, sell, and deliver advanced marine retrofit projects aimed at improving vessel energy efficiency and reducing emissions. Under the agreement, Goltens...
The International Association of Dry Cargo Shipowners (Intercargo) and the International Bunker Industry Association (IBIA) have entered into a reciprocal membership agreement to reinforce collaboration between the dry bulk shipping and marine fuels communities. This...
Stena Line is strengthening its position in the Baltic Sea by acquiring Wasaline and taking over operations of the ferry route between Umeå in Sweden and Vaasa in Finland. Niclas Mårtensson, CEO Stena Line, said: “It is with great joy and enthusiasm that we at Stena...
Value Maritime is pleased to appoint MIE Group as its new commercial agent in Cyprus, reinforcing its commitment to expanding across the Mediterranean region. This marks Value Maritime’s fourth commercial agency agreement in 2025, underscoring its strategic focus on...
Maritime risk and insurance solutions specialist FDR has warned that inland shipping operators face vast financial exposure due to outdated insurance policies that fail to reflect new European Union (EU) climate regulations. Without swift reform, vessel owners risk...
In a landmark deal to deliver immersive, next-generation training at scale to the maritime industry, ABS has signed an agreement to purchase the MetaSHIP intellectual property and related vessel simulator software assets from Orka Informatics as part of the strategic...
The Science Based Targets initiative (SBTi) has approved Baltic shipping company ESL Shipping’s near and long-term emission reduction targets as the first company in the general cargo segment. Approval means that the targets, which include ESL's subsidiary AtoB@C...
The Women’s International Shipping & Trading Association (WISTA International) and BIMCO, the global trade association whose members represent 64% of the world’s tonnage, have signed a Memorandum of Understanding (MoU) to formalise collaboration in promoting...
Maritime energy storage systems (ESS) supplier Corvus Energy has secured a US$ 60m growth capital injection from a group of blue-chip international investors, led by Morgan Stanley Investment Management and including Just Climate and J Lauritzen. Founded in 2009,...
Rottneros, a producer of pulp and moulded fibre from sustainable forests, is continuing its partnership with AtoB@C Shipping, part of ESL Shipping, with a new long-term contract. AtoB@C Shipping will employ one of its new plug-in hybrid vessels for the Rottneros...
Keep up to date with news and events in the industry.
We do not share your information with third parties and you can unsubscribe at any time.