Month: September 2023

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New handymax vessel for Nova Marine Carriers


New entry for the Nova Marine Carriers fleet. The Lugano-based group, controlled by the Romeo and Gozzi/Bolfo families, has taken delivery of a new 38,593 dwt handymax vessel in Shanghai. The vessel,…

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Baltic index rises on higher freight activity, fewer ships


The Baltic Exchange’s dry bulk sea freight index climbed on Wednesday, as rates across ship segments rose amid increased freight activity and some vessel shortages. The overall index, which factors…

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ESL Shipping commits to set science-based targets for GHG emissions reductions


ESL Shipping, the leading carrier of dry bulk cargoes in the Baltic Sea region, has joined the Science Based Targets initiative  and committed to setting both near-term and long-term company-wide…

PETRONAS awards seven new PSCs under Malaysia bid round 2023, and launches Malaysia bid round 2024


PETRONAS awarded Production Sharing Contracts  for six exploration blocks and one Discovered Resource Opportunities  cluster marketed under the Malaysia Bid Round 2023 , expected to garner more than…

Ørsted acquire full ownership of Sunrise Wind subject to award in New York 4 offshore wind solicitation


Ørsted has signed an agreement with Eversource to acquire Eversource’s 50 % share of Sunrise Wind, a 924 MW offshore wind farm which would deliver power to New York. The acquisition is subject to…

McDermott and Baker Hughes safely complete Subsea Infrastructure in Northern Australia


McDermott, a premier engineering and construction company, and Baker Hughes, an energy technology company,  announced the safe completion of the installation of subsea infrastructure at the Ichthys…

Meet our Speakers of the 4th CSN Cyprus Shipping ICT Conference – Nikolas Manousis, General Manager – AΩΖ


Cyprus Shipping News is delighted to announce the speakers of of the 4th CSN Cyprus Shipping ICT Conference “Exploring the Digital Frontier: Bridging Theory and Practicality in Maritime Technology”.……

Secretary General of European Community Shipowners’ Associations visits Cyprus


The Cyprus Shipping Chamber welcomed the Secretary General of the European Community Shipowners' Associations (ECSA), Mr. Sotiris Raptis, at its Monthly Members’ Meeting, enhancing further the close…

Piraeus Port Authority strong performance in the first half of 2023 with a significant increase in profitability and turnover


In the first half of the fiscal year 2023, PPA S.A. reported a continued robust increase of profits and income, achieving the new highest performance in its history. More specifically, there was an…

Union of Greek Shipowners drives key initiatives and holds constructive meetings during the European Shipping Summit 2023, in Brussels


President of the Union of Greek Shipowners , Ms. Melina Travlos, and members of the UGS Board of Directors, Mr. D. J. Fafalios, Ms. Marily Fragkista and Mr. V. Papagiannopoulos, attended the European…

Vale and Port of Açu sign agreement to develop a Mega Hub for the decarbonization of steelmaking


Vale informs that it signed a MOU with the Port of Açu to study the development of a Mega Hub at the port located in São João da Barra in the state of Rio de Janeiro, to produce HBI (hot briquetted…

Maersk pilots heavy duty electric truck solutions in Brazil


Supporting initiatives to decarbonise its customers supply chains in Latin America, A.P. Moller – Maersk  conducted two pilots to provide electric truck capabilities to customers in Brazil. The…

The industrial fabric of l’Alcoià explores internationalisation opportunities with Valenciaport


The extensive map of trade routes and its high added value services were the presentation letter of the Port Authority of València (PAV) at an internationalisation conference aimed at the industrial…

APM Terminals Malaysian JV on course to lead maritime decarbonisation in Asia


The Malaysian Port of Tanjung Pelepas , a joint venture between APM Terminals and the MMC Group, has been selected to join the Partnerships for Infrastructure initiative. This is a…

Shipping must not allow uncertainty to delay action


Groundbreaking new report calls on shipowners and other supply chain stakeholders to increase their ability to deal with significant changes and possible future scenarios. Major changes identified in…

Russia-China trade dynamics in a post-war era navigating challenges and opportunities


As Russia grapples with the western sanctions one year after the invasion in Ukraine, China supports by bolstering bilateral trade between the two nations. Container xChange investigates the…