NYK Signs Memorandum of Understanding with Hokkaido Electric Power for Onboard Carbon Capture and Storage Demonstration Project
NYK Signs Memorandum of Understanding with Hokkaido Electric Power for Onboard Carbon Capture and Storage Demonstration Project
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International Shipping News
16/04/2026
NYK has signed a memorandum of understanding (MoU) with Hokkaido Electric Power Co., Inc. (“HEPCO”) to initiate a demonstration project in Tomakomai, Japan, related to an onboard carbon capture and storage (“OCCS”) technologies. Under this MoU, NYK and HEPCO will jointly conduct studies for a demonstration project to decarbonize maritime transport.
In the international maritime sector, efforts to reduce greenhouse gas emissions from operational vessels are essential to achieving a decarbonized society.
CPLP SHIPPING: Early Redemption and termination of bond trading 9th Interest Period of the Common Bond Loan
CPLP SHIPPING: Early Redemption and termination of bond trading 9th Interest Period of the Common Bond Loan
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Hellenic Shipping News
16/04/2026
CPLP SHIPPING HOLDINGS PLC (the “Company”), in accordance with the terms of the Common Bond Loan issued on 22 October 2021 by the Company with a nominal value of one hundred fifty million euros (€150,000,000) (the “CBL”) and following the Company’s announcement dated March 20, 2026 on the exercise of call option for the early redemption of the entire principal amount of the Bonds, informs the investors that the last day of trading on the Athens Stock Exchange of the above Bonds of the Company, which were offered through a public offering and were admitted to trading on the Fixed Income Securities Segment of the Regulated Market of the Athens Stock Exchange, will be Friday, 17 April 2026.
The Record Date for the beneficiaries of interest of the CBL for the 9th Interest Period is Tuesday, 21 April 2026.
In particular, in accordance with the term
Performance Shipping Inc. Announces Long-Term Time Charters for Two Suezmax Newbuilding Tankers Delivering in 2028 and 2029
Announces Long-Term Time Charters for Two Suezmax Newbuilding Tankers Delivering in 2028 and 2029
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Hellenic Shipping News
16/04/2026
Performance Shipping Inc., a global shipping company specializing in the ownership of tanker vessels, today announced that it has entered into time charter agreements with Repsol Trading S.A. (“Repsol”) for its two previously announced 158,000 dwt Suezmax tanker newbuilding vessels (the “Vessels”) under construction in China, by China Shipbuilding Trading Co. and Shanghai Waigaoqiao Shipbuilding Co.
Port Of Los Angeles Posts Solid First Quarter Performance
Port Of Los Angeles Posts Solid First Quarter Performance
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Port News
16/04/2026
The Port of Los Angeles processed 752,520 Twenty-Foot Equivalent Units (TEUs) in March, a slight 3% decrease compared to last year when shippers front-loaded cargo to avoid increasing tariffs. Closing out the first quarter, the Port handled 2,388,843 TEUs, equal to its first-quarter average over the last five years.
“Even with the seasonal slowdown tied to Lunar New Year, cargo flow in March was solid and our first quarter performance was consistent with our five-year trend,” said Port of Los Angeles Executive Director Gene Seroka. “In today’s uncertain environment, consistency matters – and we’re staying ahead of things so our waterfront workers and partners can continue to deliver reliable, efficient operations for our customers.”
Seroka noted that unsettled tariff policy and rising inflation coupled with the broad economic impacts of the conflict in the Middle East, particularly fuel prices, are weighi
ZIM Announces CEO Departure
ZIM Announces CEO Departure
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International Shipping News
17/04/2026
ZIM Integrated Shipping Services Ltd. (the “Company”) announced earlier today that Mr. Eli Glickman, the President and Chief Executive Officer of the Company, informed the Board of Directors of his decision to depart from the Company.
LMT Group demonstrates a new tool for monitoring greenhouse gas emissions at Hamburg port
LMT Group demonstrates a new tool for monitoring greenhouse gas emissions at Hamburg port
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Port News
17/04/2026
On April 15, 2026, at the Germany–Latvia Ports Days in Hamburg, LMT Group demonstrated a new solution for monitoring port equipment activity and estimating greenhouse gas (GHG) emissions using video analytics and vision-language models. At the demonstration, video feeds from the port territory were analyzed using computer vision to identify vehicle and other equipment movements. The information was then used to objectively estimate related emissions and to generate time-stamped data to evaluate port efficiency.
With port CO2 neutrality now a legal mandate in Europe, the maritime sector has entered a high-stakes era of compliance.
Retrofit of an 82,000 DWT bulk carrier for methanol dual-fuel capability
Retrofit of an 82,000 DWT bulk carrier for methanol dual-fuel capability
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International Shipping News
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Shipping: Emission Possible
17/04/2026
The International Maritime Organization (IMO) aims to achieve net-zero greenhouse gas (GHG) emissions by 2050. While newbuilding vessels are an important piece of the puzzle, retrofitting existing ships to operate on alternative fuels will also play a significant role in reducing GHG emissions,2 especially considering the IMO’s current ambitions.
Bulk carriers account for 14% of the global merchant vessel fleet, with medium-sized vessels (60,000-99,000 DWT) comprising approximately 28% of the bulk carrier fleet. The Kamsarmax vessel is one of the largest vessels within this medium-sized category.
Sanctions have an impact on the Safety of STS Operations
Sanctions have an impact on the Safety of STS Operations
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International Shipping News
17/04/2026
The rise in Ship-to-Ship (STS) transfers of Russian oil products – driven by sanctions, seasonal ice conditions, and tanker shortages – has introduced a significantly higher safety risk profile that extends well beyond commercial considerations.
While STS operations provide a practical logistical solution, their expansion across multiple regions is increasing exposure to operational hazards and placing additional pressure on crews that work under complex and often less-than-ideal conditions. A growing share of these operations is now taking place in various alternative locations such as offshore Togo, Al Hoceima, and Port Said, where the required infrastructure and availability of good-quality STS Service providers do not exist.
Conducting STS operations in these locations raises several critical concerns, including:
● Lack of necessary safety resources
● Limited verified contingency arra
Panama bunker sales climb in March
Panama bunker sales climb in March
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International Shipping News
17/04/2026
Sales of VLSFO and LSMGO increased both on a total and daily average basis.
Changes in Panama bunker fuel sales from February to March:
• Total sales up 54,000 mt to 498,000 mt
• VLSFO sales up 42,000 mt to 320,000 mt
• LSMGO sales up 5,000 mt to 47,000 mt
• HSFO sales up 6,000 mt to 120,000 mt
• 0.5% MGO sales up 400 mt to 10,700 mt
Panama’s March sales have increased from February, with VLSFO driving most of the month-on-month growth, according to preliminary data from the Panama Maritime Authority.
VLSFO sales have risen by about 15% in March, while LSMGO volumes have increased by around 12%. HSFO sales have also edged higher, up by roughly 5% monthly.
Total sales have averaged about 16,100 mt/day in March, up from around 15,900 mt/day in February.
A total of 696 ships have bunkered at Panama’s ports in March, up from 609 ships in February, while the number of barges operating remains steady at 31.
The aver
Ocean Network Express Deploys New Efficient Vessel to Key Transatlantic Trade Route Linking Europe to the USA
Ocean Network Express Deploys New Efficient Vessel to Key Transatlantic Trade Route Linking Europe to the USA
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International Shipping News
17/04/2026
Ocean Network Express (ONE), the global container liner company, has announced the deployment of its brand new container ship M/V ONE Satisfaction on its Transatlantic AT1 service, further strengthening its presence on the trade route between Europe and the United States.
Launched in March 2026, the AT1 service connects Southampton with Antwerp, Rotterdam, Bremerhaven and Le Havre, before crossing the Atlantic to call at New York, Norfolk, Charleston and Savannah, and then returning to Southampton.
The deployment marks the first time ONE has operated a ONE liveried vessel with its iconic magenta branding on this Transatlantic trade lane.
ONE Satisfaction maiden
The M/V ONE Satisfaction, delivered in February 2026 is one of Ocean Network Express’s S series, offering superior capacity and environmental performance. Measuring 336 metres lo