Despite the climate challenges experienced during 2023 and 2024, the Panama Canal closed FY2024 with a total revenue of 4.99 billion PAB (approximately $4.89 billion), around 209 million PAB above budget and 18 million PAB more than the previous year. Getting into the fine print: the results up clos
Sweden’s Port of Gothenburg and China’s Port of Shanghai have signed a renewed sister port agreement aimed at promoting and developing cooperation on growth and sustainability between the port authorities.
As part of its ongoing commitment to decarbonize the fleet, Taiwanese shipping company Wan Hai Lines has placed orders for eight methanol dual-fuel ready containerships at South Korean yards.
French cruise line operator PONANT has received support from the European Commission for its Swap2Zero project – the ‘first’ transoceanic vessel aiming for carbon neutrality.
China Classification Society (CCS) has awarded approvals in principle for designs of a new ammonia dual-fuel containership and a methanol dual-fuel bulk carrier independently developed by CSSC Huangpu Wenchong Shipbuilding Company.
Singaporean shipping company Pacific International Lines (PIL) and China’s bunkering supplier Shanghai SIPG Energy Service (SSES) have completed the inaugural bunkering of PIL’s first liquefied natural gas (LNG)-powered container vessel, Kota Eagle.
North American developer of green hydrogen projects EverWind Fuels has secured $22.5 million in funding from the Canadian government to develop marine and shore-side infrastructure at its Point Tupper terminal in Nova Scotia as part of the green hydrogen and ammonia project. The funding was awarded
Classification societies DNV and Indian Register of Shipping (IRS) have become members of the Nuclear Energy Maritime Organization (NEMO), an association focused on advancing the integration of nuclear technology in maritime. NEMO was created earlier this year by a group of companies interested in d
Greek shipping company Globus Maritime has signed, through two separate subsidiaries, memoranda of agreement to acquire two Kamsarmax scrubber-fitted dry bulk vessels.
The Netherlands-based shipping company Longship has taken delivery of the second of a series of four ultra-low-emission, diesel-electric newbuildings from Türkiye’s Atlas Shipyard. As disclosed, the 8,600 dwt general cargo vessel, dubbed the Longeon, was handed over on October 25, 2024. It is part o
Despite the promising progress of wind propulsion in shipping, its uptake remains hindered by regulatory barriers, technical challenges, and a lack of confidence among industry stakeholders, classification society Bureau Veritas (BV) said in a recent report.
French maritime firm Louis Dreyfus Armateurs (LDA) has celebrated the beginning of the construction of the first low-carbon roll-on /roll-off (RoRo) vessel to be chartered to European aerospace giant Airbus. The steel cutting ceremony for the first of three low-carbon vessels equipped with wind-assi
Swedish shipping company Stena RoRo has taken delivery of a new E-Flexer roll-on/roll-off passenger (RoPax) vessel, which will be powered multi-fuel engine and a battery package, from the Chinese shipyard CMI Jinling (Weihai).
German shipbuilder Meyer Werft has delivered the second LNG-powered cruise ship, Disney Treasure, to U.S.-based Disney Cruise Line. Disney Treasure was delivered on October 24, 2024, earlier than contractually agreed, according to Meyer Werft. The ship featuring 1,240 cabins, a size of 144,000 GT, a
