Small Island States Win at Tribunal for Law of the Sea
Small island states achieve climate victory at the International Tribunal for the Law of the Sea, the world court for ocean-related issues.
Corporate News
Maersk and Kotahi Ink Second Long-Term Freight Agreement
Maersk and Kotahi, New Zealand’s largest container manager, have extended their long-term freight partnership through December 2034.
Tokyo University & ONE Offer Container Management Science Course
ONE launches Social Cooperation Program, Container Management Science, in partnership with the School of Engineering at The University of Tokyo.
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
Carnival Corporation has successfully completed the implementation of Starlink internet connectivity across its entire 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.
Partnership for DP World & Malaysia’s Sabah Ports
Container terminal operator DP World has teamed up with Malaysia's Sabah Ports to manage and enhance the Sapangar Bay Container Port.
Dali's Owner & Manager to Face Court Trial in Baltimore
Singapore-based shipowner Grace Ocean & shipmanager Synergy Group are to face trial in Baltimore after the city's legal team initiate a lawsuit.