Shipping
Algoma reports strong core results and continued fleet growth
(Posted on 10/11/25)Algoma Central Corporation has reported its results for the three and nine months ended 30 September 2025. Algoma reported third quarter revenues of $228,035, compared to revenues of $204,644 in 2024. EBITDA was $89,739 in the third quarter compared to $75,696 in 2024. All amounts reported are in thousands of Canadian dollars, except...
Damen unveils Combi Freighter 5000 ICE
(Posted on 10/11/25)Damen Shipyards Group has unveiled the latest platform in its successful cargo vessels portfolio. The shipbuilder announced the launch of the Combi Freighter (CF) 5000 ICE during the Europort 2025 event in Rotterdam. The approach Damen has taken is scalable. As such, the CF 5000 ICE is the first in a new series of ice class cargo...
Wallem Group reaches a century in Hong Kong
(Posted on 04/11/25)Wallem Group, a leading global maritime partner, is celebrating the centenary of moving its headquarters to Hong Kong.The celebrations will be marked by a special event on 12 November 2025 in the presence of Guest of Honour Hong Kong Finance Secretary, commemorating 100 years since the relocation – 22 years after Norwegian...
INTERCARGO celebrates record membership ahead of 45th Anniversary
(Posted on 04/11/25)The International Association of Dry Cargo Shipowners (INTERCARGO) is marking its 45th anniversary in 2025 with record membership, expanded global reach and a renewed focus on the industry’s future priorities. The Association now counts more than 350 members from more than 35 countries, comprising more than 180 Full Members...
NORDEN reports net profit of US$26m in Q3 2025
(Posted on 04/11/25)Net profit for the Group amounted to USD 26 million (DKK 166 million) in the third quarter of 2025, driven by Asset Management which delivered another strong quarter supported by solid operating earnings and vessel sales.Group net profit amounted to US$111m in the first nine months of 2025, of which USD 43 million came from combined...
ClassNK releases 'Guidelines for Onboard CO2 Capture and Storage Systems (Edition 2.0)'
(Posted on 04/11/25)ClassNK has released 'Guidelines for Onboard CO2 Capture and Storage Systems (Edition 2.0)' first in the world, which assumes onboard CO2 capture systems (OCCS) using membrane separation method which are expected to be applicable to a wide variety of vessel types. The guidelines can be supported the safety development, manufacturing...
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