First Citizens Bank reports that its maritime finance business has provided a senior secured loan of $22 million to Euroseas Ltd. for the financing for a newbuild 2,800 TEU Eco containership. Formed
Newport Beach, Calif., based Clean Energy Fuels Corp. (NASDAQ: CLNE) has completed construction of a third production train at its Boron, Calif., LNG plant, increasing its volume capacity by 50%. Already the
The captains of two Houthi-linked tankers, Vivek Ashok Pandey and Sandeep Singh Choudhary, both Indian nationals, are among 10 individuals, vessels, and entities sanctioned by the U.S. Department of the Treasury’s Office
Concord, Calif., headquartered U.S.-flag ship owner and operator Patriot Maritime has appointed Mark Handin as its president, succeeding Lance Bardo, who will retire at the end of June. Handin joins Patriot after
Three leading Japanese companies, NYK Line, NYK Bulk & Projects Carriers (NBP) and Tsuneishi Shipbuilding Co., Ltd. are planning to build a ship powered by wood pellets under an MOU signed with
The National Transportation Safety Board has issued its report on an August 2022 incident in which the 681 foot, 1,992 TEU Matson Navigation containership Maunalei incurred $3 million in damages after a
Shares in NYSE-listed U.S.-flag tanker and ATB operator Overseas Shipholding Group Inc. (OSG) were trading up this morning on news that it has entered into a definitive merger agreement that will see
As maritime faces a growing seafarer shortage, the Limassol, Cyprus, headquartered Columbia Group sees the integration and empowerment of women within the industry as “an evolution that is as necessary as it
Putting the big into BigLift, Spliethoff Group’s heavy lift specialist BigLift Shipping has used a single vessel to transport 11 Damen tugs from the shipbuilder’s yards in Vietnam and China to Europe.
Athens-headquartered carbon capture, utilization and sequestration (CCUS) specialist ECOLOG has taken its plans to build a fleet of liquified CO2 carriers another step forward. It now has an LCO2 carrier design ready