Maritime news
Monitor breaking maritime news and insights for profitable, efficient and safe shipping.
Finnlines invests heavily in passenger traffic with two new ro-pax vessels for the route between Finland and Sweden
The first of two new cargo-passenger, or ro-pax, vessels will start operating on the Naantali–Långnäs–Kapellskär route in autumn 2023. The vessels are part of the shipping company’s EUR 500 million investment programme, which focuses on …
Oct 5, 2022 / Finance
Multi-million-pound rail investment at the Port of Southampton to enhance container offering
Associated British Ports (ABP), the UK’s leading ports group and Solent Stevedores have announced a joint investment of £17.5 million in a new container offering for deep sea shipping lines at the Port of Southampton. The project will create …
Sep 27, 2022 / Finance
DBJ and ClassNK establishes “Zero-Emission Accelerating Ship Finance” - First evaluation and financing is provided to Kumiai’s LPG carrier
Development Bank of Japan Inc. (DBJ) and ClassNK established "Zero-Emission Accelerating Ship Finance (Program)" to support the maritime industry's transition toward decarbonization.As tightened environmental regulations and the future introduction …
Sep 19, 2022 / Finance
AtoB@C Shipping has signed EUR 32.2Mln loan agreement with Svenska Skeppshypotek in relation to electric hybrid vessel investment
AtoB@C Shipping, a subsidiary of ESL Shipping, has signed EUR 32.2 million loan agreement with Svenska Skeppshypotek. The maturity of the loan is 15 years. The loan is a part of financing of AtoB@C Shipping’s investment in a series of six new, highly …
Sep 19, 2022 / Finance
Gulf Navigation seals refinancing deal for 5 petrochemical tankers
Gulf Navigation Holding PJSC, the Dubai Financial Market listed maritime and shipping company, announced successfully completing the transaction of refinancing 5 petrochemical tankers, under new and preferential terms, according to the company's …
Aug 17, 2022 / Finance
Jawaharlal Nehru Port becomes first 100% Landlord Major Port of India
Capacity of JNPCT will increase to 1.8 million TEUs from 1.5 million TEUsPort received Royalty price of Rs. 4,520 per TEU against the Minimum Reserve Price of Rs. 1800 per TEUsThe percentage of cargo handled at all Major Ports through PPP operators …
Jul 19, 2022 / Finance
HMM unveils future growth strategy with KRW 15 trillion investment plan
HMM reveals a mid-to long-term strategy to diversify its business portfolio for future growth and leap forward to be a global top-rated shipping and logistics company.The strategy includes expanding the fleet capacity of containerships to 1.2 million …
Jul 14, 2022 / Finance
Van Oord sells share in Borssele V to Octopus Energy Generation
A consortium of sellers, including Van Oord, has sold its shares in the Borssele V wind farm to Octopus Energy Generation, one of the largest renewable energy investors in Europe. The sale confirms the success of innovations demonstrated in Borssele …
Jun 29, 2022 / Finance
Furetank first shipping company granted green credit guarantee: "An important step in the industry transformation”
As the first shipping company in Sweden, Furetank has been granted a green credit guarantee by the Swedish Export Credit Agency for financing a vessel of top-class environmental and climate standard. The approval is pioneering for shipping, enabling …
Apr 5, 2022 / Finance
Global Energy Storage closes its first investment in the Port of Rotterdam with Gunvor Group
Following the signing of a binding agreement in November 2021, Global Energy Storage (GES) announced on Tuesday (Feb22) that it has successfully closed the transaction to acquire part of the Stargate Terminal from Gunvor Group in Europoort, Port of …
Feb 23, 2022 / Finance