The Saverys family-controlled CMB.TECH posted a $364.4 million net profit in Q2 2026, a turnaround from the $7.6 million loss it sustained in Q2 last year, and the company’s CEO Alexander Saverys hailed the ‘excellent’ results, adding that, ‘We continue to make hay while the sun shines, building on the important strategic decisions taken over the past three years: diversifying beyond tankers, acquiring Golden Ocean and investing in a future-proof newbuilding programme.’ Q2 revenue rose by 81.5% year-on-year (y-o-y), from $387.8 million in 2025 to $703.9 million this year. Voyage commissions and expenses also climbed 77.5% in the second quarter […]

Japan’s Ministry of Land, Infrastructure, Transport and Tourism and the Ministry of the Environment are now accepting applications for the second funding round in the country’s Support Programme for the Introduction of Zero Emission Vessels which will focus on hydrogen, ammonia and electricity as propulsion energy sources. The Japan Ship Technology Research Association is the implementing organisation for the five-year, ¥15 billion programme. The initiative will offer partial financial support for the technologies involved in the development of zero emission ships, including engines, fuel tanks, fuel supply equipment, batteries and shore power equipment. Methanol-fuelled and hybrid vessels can receive up […]

The Association of Arctic Expedition Cruise Operators (AECO) has received a grant of NOK 400,000 ($42,600) from the Svalbard Environmental Protection Fund to continue its work on reducing emissions from expedition cruise operations. Together with previous funding, the Fund has invested NOK 1 million ($106,500) in AECO’s Climate Change Project. In a statement issued today (19 August), AECO said that, running until February 2028, the new project period will help its members: ‘strengthen emissions reporting, improve understanding of greenhouse gas emissions from expedition cruise operations, assess the readiness of Arctic ports and infrastructure for the maritime energy transition, and develop […]