Business

European shipping companies will not be required to pay twice for their carbon emissions under both European Union and International Maritime Organization regulations. That was the clear message delivered by European Commissioner for Sustainable Transport and Tourism Apostolos Tzitzikostas during the official opening of Posidonia 2026 in Athens.  Addressing one of the maritime industry's biggest concerns, Tzitzikostas sought to reassure shipowners that Brussels is fully aware of the financial pressures associated with decarbonisation and intends to prevent any duplication of carbon-related costs as the IMO develops its global emissions framework.  “I want to be clear: European companies will not pay twice, both in Europe and...

Ulta Beauty is significantly expanding its omnichannel distribution strategy by bringing more than 1,500 stores onto the Uber Eats marketplace,...

The South Carolina Ports Authority is preparing to significantly expand its roll-on/roll-off (Ro-Ro) operations at the Port of Charleston as...

Norfolk Southern has appointed Brian Barr as its new Chief Operating Officer, marking a key leadership transition at a time when the US rail operator’s operations are under heightened regulatory and strategic scrutiny linked to the proposed Union Pacific merger.  Barr succeeds Executive Vice...

Posidonia, the world’s leading shipping exhibition, returns to Athens this week with its largest edition to date, bringing together more than 40,000 maritime professionals in an industry increasingly shaped by geopolitical risk, energy transition and security concerns.  Held from June 1 to June 5 at the Athens Metropolitan Expo, the 2026 edition is positioned as a record-breaking gathering both in scale and in strategic importance, as...

Shipowners who have never handed vessels to third-party managers often share the same instinctive hesitation: loss of control. For many, the fleet is not just an asset base but the core of their business identity, reputation, and in some cases, family legacy. The idea of delegating day-to-day operations can feel like stepping away from the bridge.  Yet within the global shipmanagement industry, a consistent message has emerged. The strongest argument is not...

Knutsen Group is further accelerating the expansion of its LNG fleet with a new order placed at South Korea’s Hanwha Ocean, reinforcing what has become one of the most aggressive growth strategies in the LNG shipping segment.  Hanwha Ocean confirmed on Friday that it had signed a contract worth approximately $250m for a 174,000 cu m LNG carrier, scheduled for delivery by September...

One of the maritime industry's most recognized environmental technology brands is making a comeback. Hamworthy has officially relaunched as an independent company following the sale of Wärtsilä Water & Waste to the Sweden-based investment group Solix Group.  The move marks the return of Hamworthy as a standalone specialist focused exclusively on...

Dutch marine survey and geodata specialist Fugro has been awarded a two-year environmental services contract by EirGrid, reinforcing its role in...

Israeli liner operator ZIM Integrated Shipping Services has appointed Chen Lichtenstein as its next President and Chief Executive Officer, selecting...