Following the EUR157 million drugs bust by Irish law enforcement on the bulker Matthew the authorities believe another major anti-narcotic operation in shipping is inevitable as smugglers target the huge European cocaine market.

Lloyd’s Register (LR) has awarded the first-ever approval in principle (AiP) for ammonia-fuelled two-stroke engines developed by marine power company WinGD.

Singapore-headquartered Britoil Offshore Services is acquiring 30 offshore support vessels (OSVs) and offices in Genoa and Singapore from Vroon as the Dutch owner restructures its business.

Chile-based Agencias Universales (Agunsa) is expanding its presence in Spain purchasing a 75% stake in ESBO Logistics.

Overcapacity and stalling demand are driving container shipping rates to new lows, according to the latest Market Pulse report from consultant Linerlytica.

Tiemen Meester, COO, Ports & Terminals at DP World, writes about utilising digitalisation and innovations in port equipment to transform terminal operations.

Oslo analyst, Rystad Energy, predicts that no fewer than 174 export terminals will focus primarily on converting hydrogen into ammonia by 2035, accounting for 62% of hydrogen exports or about 13.5 million tonnes per year.

Former Goldman Sachs associate, shipping investor and political novice, Stefanos Kasselakis was elected as the leader of Greece’s leftist Syriza main opposition on 24 September, though not a member of parliament.

ONE (Ocean Network Express) and Cosco Shipping will start the new LUX container service. This route connects Europe and the Mediterranean to the east coast of South America with weekly stopovers.