Corporate News

Report Finds Annual Economic Impact Growth for PortMiami

PortMiami's annual economic impact has surged to $61.4 billion, up from $41.4 billion in 2016 according to a study conducted by Martin Associates

NYK & Partners to Create World’s First Biomass-Fueled Ship

Nippon Yusen Kaisha has partnered with NYK Bulk & Projects Carriers, Tsuneishi, and Drax to develop the world’s first biomass-fueled vessel.

Hyundai Samho Heavy Industries to Build LPG Carriers for MOL

In industry news, Mitsui OSK Lines (MOL) has commissioned Hyundai Samho Heavy Industries to construct two 88,000 cubic meter LPG carriers.

Ports of Shanghai & Barcelona Collude on Innovative Projects

The ports of Shanghai and Barcelona have signed an agreement to explore opportunities in innovative projects in the port and maritime fields.

SpaceX’s Starlink Rollout Completed Across Carnival Fleet

SFL Corporation Signs Agreement to Charter Vessels to Maersk

On Tuesday, May 14th, SFL Corporation signed an agreement to charter three of its 10,600 TEU vessels to Maersk for five years.

Cruise Saudi & Jeddah Historic District Program Sign MoU

Cruise Saudi and the Jeddah Historic District Program have entered into a MoU to manage the growing influx of international visitors to the area.

Renewable Energy Developer OX2 Receives Acquisition Bid

Stockholm-based renewable energy developer OX2 is currently the subject of a purchase offer from the investment firm EQT Infrastructure VI.

First-Quarter Revenues Announced by Yang Ming

Yang Ming reported robust financial results for the first quarter, with revenues reaching US$1.39B and a net profit after tax of US$298.42M.

Duval-Leroy the Preferred Champagne for Silversea Cruises

Silversea Cruises has chosen Duval-Leroy as the preferred champagne brand for its fleet, highlighting a shared dedication to top-tier quality.

Cyan Renewables & Hyundai Asset Management Enter into MOU

Singapore's Cyan Renewables, specializing in offshore wind vessels, has signed a memorandum of understanding (MOU) with Hyundai Asset Management.

COSCO & Evergreen Upgrade Joint Far East-Mediterranean Service

Evergreen Marine Corporation and COSCO Shipping Lines have announced plans to upgrade their jointly operated Far East-Mediterranean service.

Norwegians Make Deals in Clean Tanker Segment

Norwegian shipping firms have been notably quiet this year with minimal activity, but this scenario has recently shifted with deals being made.

Fleet-Wide Container Tracker Launched by Hapag-Lloyd

Germany's Hapag-Lloyd has set a global precedent by introducing a fleet-wide, Internet of Things-based tracking system for dry containers.

CNA CGM & Bpifrance Launch €200m Energy Transition Fund

CMA CGM and public investment bank Bpifrance announce creation of €200M fund dedicated to advancing energy transition in French maritime sector.