WinGD Secures First Ammonia Two-Stroke Engine Type Approval in 2026
WinGD completes world-first ammonia-fuelled two-stroke engine type approval in 2026, advancing maritime decarbonisation goals with zero-emission technology.
Baleària Posts €801M Revenue in 2025 with Record €170M EBITDA, Expands European Ferry Network
Baleària reports €801M revenue in 2025, up 16%, with record €170M EBITDA and 6.5M passengers. Key growth in North African routes drives sustainability with 15% CO2 cut per passenger.
RXO’s Middle Mile Service Targets 30% Fewer Port Delays, 15% Cost Savings
RXO launches Middle Mile Solutions to integrate maritime and land logistics, targeting 30% fewer port delays and 15% cost savings for operators in congested terminals.
South Korea targets US shipbuilding with $550B investment to dodge tariffs
South Korea plans US shipbuilding investments under a $550B framework to avoid tariffs and access protected markets, following Japan’s lead.
Maritime Freight Leaks Erode 15% of Shareholder Value
Supply chain inefficiencies in maritime logistics erode up to 15% of shareholder value, with annual contracts often missing market volatility, highlighting the need for digital tools like Xeneta.
Almería Port Auctions Historic Lighthouse for €2.67M to Fund Expansion
Port Authority of Almería auctions Garrucha Lighthouse for €2.67M, funding port modernisation to boost maritime traffic. Auction deadline April 8, 2024.