Shipping

Castor Maritime Inc. (NASDAQ: CTRM), (“Castor”, or the “Company”), a diversified global shipping company, announces that on March 23, 2023, entered into an agreement with a third party for the sale of the M/V Magic Moon, a 2005-built Panamax, at a price of $13.95 million.

European shipowners welcome the formal approval of the new EU ETS law today by the plenary of the European Parliament. Earmarking around 2 billion Euro of the revenues of the Innovation Fund for the maritime sector can mark a turning point in the decarbonisation of the industry.  

The European Commission announced earlier that they shall continue to recognise the certificates of Filipino seafarers, confirming the compliance of the Philippines with the requirements of the STWC Convention.

Dorian LPG Ltd. (NYSE: LPG) (the "Company" or "Dorian LPG"), one of the world's largest owners and operators of modern and ECO very large gas carriers ("VLGCs"), is pleased to announce that it took delivery under a 13-year bareboat charter of its Dual-Fuel LPG Carrier, Captain Markos, which was delivered from Kawasaki Heavy Industries to its Japanese owner on the same date.

Based on the initial political agreement achieved on 23 March on the FuelEU Maritime, the onus is put on maritime operators to use renewable fuels, without any corresponding obligation on the supply side. 

One hundred of IMO's 175 Member States and three associated Members have now been audited under IMO's Member State Audit Scheme (IMSAS).

Castor Maritime Inc. (NASDAQ: CTRM), (“Castor”, or the “Company”), a diversified global shipping company, announces that on March 13, 2023, we entered into an agreement with a third party for the sale of the M/V Magic Rainbow at a price of $12.6 million.

The European shipping industry warmly welcomes the updated EU Maritime Security Strategy and its Action Plan on “An enhanced EU Maritime Security Strategy for evolving maritime threats”.

The Aspen Institute, Amazon, Patagonia, and Tchibo Launch the Zero Emission Maritime Buyers Alliance (ZEMBA) to Accelerate Maritime Shipping Decarbonization

The 13,200 TEU newbuilding "WAN HAI A01" of Wan Hai Lines made its maiden voyage to Qingdao Port on March 5 after completing the delivery of the ship at HHI Ulsan Shipyard in South Korea.