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...
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...
International Transport Intermediaries Club (ITIC) has forecasted that the cost of the European Union’s Emissions Trading Scheme (ETS) to the shipping industry could be in the billions. The extended EU ETS, which comes into force on 1 January 2024, will set an annual...
Mitsui OSK Lines (MOL) and A.P. Moller-Maersk have issued a joint statement at COP 28 on the decarbonisation of the shipping industry. The statement looks at bridging the price gap between clean alternative fuels and fossil fuels, which both companies regard as key to...
French liquefied gas membrane containment system company GTT has signed a strategic cooperation agreement with China State Shipbuilding Corporation (CSSC). The agreement provides for cooperation between GTT and 12 subsidiaries of the CSSC conglomerate, notably in ship...
BIMCO’s Documentary Committee has adopted a new Emission Trading Scheme (ETS) Allowances Clause for BIMCO’s ship management agreement, SHIPMAN, and published three ETS clauses for Voyage Charter Parties. The clauses aim to facilitate collaboration and provide clarity...
A.P. Moller-Maersk is about to launch the first of its 18 large methanol-enabled vessels currently on order, which, on 9 February 2024, will enter service on the AE7 string connecting Asia and Europe, which includes port calls in Shanghai, Tanjung Pelepas, Colombo and...
The Maritime and Port Authority of Singapore (MPA), Port of Los Angeles (POLA) and Port of Long Beach (POLB) have unveiled a partnership strategy for a green and digital shipping corridor (GDSC) across the Pacific Ocean. The release of the partnership strategy follows...
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