Performance Shipping Inc., a global shipping company specializing in the ownership of tanker vessels, announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Trafigura Maritime Logistics Pte Ltd (the “Charterer”) for the LR2 Aframax oil product tanker the M/T Alpine Amalia, to be renamed P. Aliki, the acquisition of which was previously announced. The gross charter rate will be US$45,000 per day for a period of minimum seven (7) months to a maximum of ten (10) months at the option of the Charterer and will commence following the vessel’s delivery to the Company expected in November.

Kaiko Systems, a Berlin-based software startup digitizing maritime shipping, has successfully completed a seed financing round of € 2 million.

The National Fish and Wildlife Foundation (NFWF), Marc and Lynne Benioff and the NOAA have announced nearly $2.6 million in grants to support management and conservation of Papahānaumokuākea Marine National Monument, part of the Hawaiian Islands chain. 

Canadian shipowner Seaspan Corporation has suspended a deal it signed earlier this year to build four "ultra-modern" 7,700 TEU boxships with dual-fuel LNG propulsion. 

Newbuilding orders for LNG carriers, which had already been leading the industry in 2022, recorded another significant jump with an additional $2.6 billion in contracts reported by two of South Korea’s large shipbuilders. Orders in the sector are growing rapidly both as Qatar prepares for its massive expansion of production as well other emerging nations seek to fulfill the growing import demand for LNG from Europe, Japan, and China.

ZIM Integrated Shipping Services Ltd. on Wednesday announced it has signed a liquefied natural gas (LNG) bunkering deal valued at more than $1 billion with Shell NA LNG, LLC as the Israeli container shipping seeks to reduce emissions from its operations.

Fast-growing Scottish maritime technology company RAB-Microfluidics, is scaling up manufacturing of a disruptive new oil analysis device after receiving £2.2million in equity funding led by Par Equity.

Braemar Shipping Services Plc (LSE: BMS), a leading international shipbroker and provider of expert advice in shipping investment, chartering and risk management services, is pleased to provide a trading update for the financial year ending 28 February 2023.

The U.S. Department of Transportation announced that PortMiami is the beneficiary of a $16 Million Rebuilding American Infrastructure with Sustainability and Equity (RAISE) grant for its NetZero: Cargo Mobility Optimization and Resiliency Project.

The future of maritime has been given a massive funding boost by the UK Government with an increase in training subsidies for cadets and ratings.