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...
Mitsui OSK Lines (MOL) has signed a time charter contract for the ammonia carrier 'Green Pioneer' with Yara Clean Ammonia Switzerland, a company in the Yara International Group of Norway, a major nitrogen fertiliser manufacturer. The vessel is a new build, delivered...
Norwegian ship recycling company Grieg Green has acquired a majority stake in ReFlow, a Danish lifecycle analysis provider, which has developed a digital platform to document the environmental performance of products and companies from a life cycle perspective....
One consequence of the attacks on shipping in the Red Sea has been for major shipping companies, including Maersk and Hapag-Lloyd, to divert container ships on Asia-Europe routes around the Cape (image credit Hapag-Lloyd) rather than the shorter Red Sea-Suez Canal...
BIMCO has appointed Stinne Taiger Ivø, previously Director of Contracts and Support, as BIMCO Deputy Secretary General. As part of the leadership team, Ivø will be representing one of the major business areas at BIMCO, Contracts and Clauses, as the shipping industry...
South Korean ship operator HMM has announced the launch of the Supply Chain Carbon Calculator, which allows customers to enhance their carbon footprint visibility across the entire logistics journey. The new digital platform provides customers with analytical data on...
Seatrium, the Singapore-based company formed by the joining together of the former Sembcorp and Keppel O&M, has secured green trade finance and sustainability-linked facilities exceeding S$ 2bn to augment its sustainability efforts and green investments in the...
Antwerp-based tanker operator Euronav has entered into a share purchase agreement for the acquisition of 100% of the shares in CMB.Tech for a purchase price of US$ 1.15bn. CMB.TECH is a diversified cleantech maritime group, which builds, owns, operates and designs...
InterManager president Mark O'Neil, CEO Columbia Group, says that ship managers can look back on some notable successes but need to anticipate the challenges ahead in 2024. O'Neill sad: "Geopolitical unrest has impacted ship operations throughout 2023 and will no...
Mitsubishi Corporation and Amogy are forming a strategic partnership that will focus on accelerating the adoption of Amogy’s ammonia-to-power and ammonia cracking technology in large-scale hydrogen carrier applications in East Asia, particularly Japan and South Korea....
The 2023 annual report from the Poseidon Principles marks the fourth time that the signatories to the Principles have reported their climate alignment. In September, just a few weeks after the adoption by the IMO of its revised GHG, all of the signatories in the...
Titan Energy Holding, the parent company of Titan Clean Fuels, has closed a successful funding round for a 45% equity stake with further follow-on rights from Molgas Energy, backed by infrastructure fund investor InfraVia Capital Partners. Molgas is involved in...
ABB and shipping company Wallenius Marine have opened the doors of the first Oversea Fleet Support Centre, said to offer a major milestone in their collaborative strategy to help shipping companies improve environmental, technical and voyage performance. One of the...
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.