By Tuomas Riski, CEO, Norsepower The Global Maritime Fund’s Poseidon Principles has a huge number of signatories, which, together, have issued over $1.2 billion in sustainable maritime ship financing in 2020. Even
As frustration with port delays and supply chain disruption grows, so does dissatisfaction with the nine carriers and three alliances that dominate the global container shipping market. Yesterday, the House of Representatives
Maersk has taken the wraps off the design of its eight 16,000 TEU methanol-fueled containership newbuilds. And the decision to opt for methanol is just the start of the innovations they incorporate.
In the wake of COP26, the pressure is on for the International Maritime Organization to up its greenhouse gas reduction ambitions even further. Meantime, from January 1, 2023, IMO’s current revised initial
Maritime Partners LLC, through its managed funds, has acquired from J. Russell Flowers Inc. and its affiliates (JRF), a diversified portfolio of over 1,000 marine vessels operating on bareboat charter. JRF’s fleet
The St. Paul Engineer District locked the last tow to depart St. Paul, Minn., November 23—ending the 2021 navigation season on the Upper Mississippi River. Marquette Transportation‘s M/V Jonathan Erickson, pushing five
In a milestone for marine industry use of 3D printing, parts fabricated by that process have been validated as in good condition after six months in service on an oil tanker. The
Federal Marine Terminals (FMT), a subsidiary of Canada’s Fednav Limited, recently announced a new river terminal on at Port Itawamba in Fulton, Miss. The operating agreement was signed back in March. The
By Ian Boyd, Group Sales Director – Shipping, GAC Group Conditions for crew changes around the world have improved in the last six months, but only incrementally, and the limited availability of
The Council of Members of the International Association of Independent Tanker Owners (INTERTANKO) has agreed that international shipping should strive to achieve net zero CO2 emissions by 2050. This is in line
