Maritime business news

CANADIAN AND GERMAN PORTS COLLABORATE ON SUSTAINABILITY

CANADIAN AND GERMAN PORTS COLLABORATE ON SUSTAINABILITY

The Hamburg Port Authority (HPA) in Germany and the Vancouver Fraser Port Authority in Canada have signed a Memorandum of Understanding (MoU) to collaborate across a range of port priorities including decarbonisation, safety and cruise. The MoU will see the two port...

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SOFTWARE INTEGRATES CARBON EXPOSURE WITH EMISSION TARGETS

SOFTWARE INTEGRATES CARBON EXPOSURE WITH EMISSION TARGETS

Maritime trading software provider Sea is launching a Carbon Exposure solution that will enable customers to effectively measure and integrate their carbon exposure calculations with emissions targets.  This addition to Sea’s all-in-one platform for pre-fixture...

ESG RATING SYSTEM OFFERED TO SHIPPING COMPANIES

ESG RATING SYSTEM OFFERED TO SHIPPING COMPANIES

UK company Infospectrum, an independent global provider of counterparty risk appraisal reports and ratings, due diligence research and KYC intelligence in the markets including shipping, energy and commodities, has launched the Infospectrum ESG Assessment Report...

IMO ANNOUNCES NEW LEADERSHIP TEAM

IMO ANNOUNCES NEW LEADERSHIP TEAM

Arsenio Dominguez, who took up office as Secretary-General of IMO on 1 January, has named the new IMO Senior Management Committee members. In his new year message, Dominguez pledged to build on IMO's successes and do more.  He said: "With me as the 10th Secretary...

YARA CHARTERS AMMONIA CARRIER FROM MOL

YARA CHARTERS AMMONIA CARRIER FROM MOL

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...

GRIEG GREEN INVESTS IN LIFECYCLE ENVIRONMENTAL PERFORMANCE

GRIEG GREEN INVESTS IN LIFECYCLE ENVIRONMENTAL PERFORMANCE

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....

SHIPPING ASSOCIATIONS CONDEMN RED SEA ATTACKS

SHIPPING ASSOCIATIONS CONDEMN RED SEA ATTACKS

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...

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NEW BIMCO APPOINTMENT TO AID PATH TO DECARBONISATION

NEW BIMCO APPOINTMENT TO AID PATH TO DECARBONISATION

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...

HMM LAUNCHES GHG CALCULATOR TO ENCOURAGE LOW-CARBON FUEL USE

HMM LAUNCHES GHG CALCULATOR TO ENCOURAGE LOW-CARBON FUEL USE

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...

NEW FINANCE SUPPORTS SEATRIUM’S GREEN EFFORTS

NEW FINANCE SUPPORTS SEATRIUM’S GREEN EFFORTS

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...

CMB.TECH TO BE ACQUIRED BY EURONAV

CMB.TECH TO BE ACQUIRED BY EURONAV

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 HIGHLIGHTS CHALLENGES AHEAD

INTERMANAGER HIGHLIGHTS CHALLENGES AHEAD

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 LOOKS AT DEPLOYING AMOGY AMMONIA TECHNOLOGY IN ASIA

MITSUBISHI LOOKS AT DEPLOYING AMOGY AMMONIA TECHNOLOGY IN ASIA

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....

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