DP World raises $1.5 billion for decarbonization
DUBAI : Dubai-based port operator DP World has raised USD 1.5 billion through a Green Sukuk to support its global decarbonization efforts. Sukuk are Islamic financial instruments representing
John-Kaare Aune to leave the Wallem Group, John Rowley appointed as next CEO
HONG KONG : The Board of Directors of Wallem Group on Thursday announced that John-Kaare Aune will be stepping aside as Wallem Group’s CEO and after a period
IFSC regime gains traction among ship owners
GANDHINAGAR : A new tax-friendly regime to boost India’s shipping tonnage is gaining traction in a short span with the Ripley Group, Bothra Group, Star Matrix, Alphard Maritime
Ports & Terminals : Investor sentiment down
LONDON : Sticky inflation and elevated interest rates had a detrimental impact on investor sentiment. In 3Q23, the S&P Index declined 3.6%, mirroring the broader concerns in the
DNV awards AiP for Hanwha Ocean’s new 270K LNG carrier design
NORWAY : Classification society DNV presented Hanwha Ocean with an Approval in Principle (AiP) for an innovative 270,000cbm LNG carrier. The design maximizes cargo capacity while optimizing vessel
Rotterdam and Oslo Cities signs MoU for New Green Corridor
ROTTERDAM : A Memorandum of Understanding (MoU) has been signed by the City of Rotterdam and the City of Oslo to create a new Green Corridor for short
AkzoNobel and Silverstream Technologies release white paper to help ship owners cut fuel consumption
LONDON : Ship operators can reduce their fuel use and emissions output by using Silverstream Technologies’ air lubrication system (ALS) with AkzoNobel’s fouling control coatings, a new white
Blue economy playing big role in driving India’s growth story : Sonowal
NEW DELHI : Union Minister of Ports, Shipping, and Waterways and AYUSH, Shri Sarbananda Sonowal, said the upcoming Global Maritime India Summit in Mumbai offers investment opportunities exceeding
Jiangnan Shipyard delivered the world’s largest 24,000 TEU ultra-large container ship
BEIJING : On October 9, “MSC CHINA“, the last of the world’s largest 24116 TEU ultra-large container ship series built by Jiangnan Shipyard and China Shipbuilding Trading for CSSC Shipping and MSC, was delivered
MOL, MCSI introduce new LNG carrier company
JAKARTA : Mitsui O.S.K. Lines, Ltd. (MOL) and PT MCS International (MCSI) have established a new joint-venture LNG carrier manning company in Indonesia. The joint venture intends to