Australia’s maritime industries, including shipbuilding and marine equipment, will get a major boost via the new ARC Industrial Transformation Training Centre for Biofilm Research and Innovation based at Flinders University.

XFuel has secured €8.2 million in its latest round of investment, laying the foundation for the commercialisation of its next-generation synthetic diesel, marine and jet fuel technology.

Three months after first announcing their intent to merge and after fighting off opposition from the largest shareholder, Euronav and Frontline agreed to the structure of the transaction which will create what the companies are calling “a leading global independent oil tankers owner and operator.” The companies announced that they agreed to a voluntary exchange offer for Euvonav’s shares setting a value on the combined company of more than $4 billion and using a structure to avoid further confrontation with the Saverys family that owns 20 percent of Euronav and opposes the merger.

IMO has received an additional US$2.0 million donation to its ‘Delivering Strategy and Reform – Voyage Together’ multi-donor trust fund (VTTF).

On Tuesday, New Fortress Energy announced that it has reached an agreement to sell 11 of its LNG vessels to a new joint venture with private equity company Apollo. The deal gives NFE $1.1 billion in net proceeds - money which it can use for the development of its "Fast LNG" offshore liquefaction terminal concept. 

MSC in conjunction with the Vietnam Maritime Corporation is proposing the construction of a massive new transshipment container terminal near Ho Chi Minh City. The project, which calls for a total investment of $6 billion over the next 18 years, would support MSC’s growth and provide an alternative to Singapore, which is currently the primary transshipment terminal in Asia. It would also be part of an effort to expand the capabilities of Vietnam’s ports. 

The shared capacity, indefinite delivery contract will support USACE Civil Works projects to help advance navigation safety, dredging, flood control and hurricane response.

eShipfinance.com announced the launch of eShipfinance.com Version 2. Chairman and Co-founder, Dagfinn Lunde says “I am happy to see the increased interest in our eShipfinance.com platform. The new V2 will give shipowners and investors even more possibilities as it now also caters to multiple ships financing!”

ATHENS, Greece, June 29, 2022 (GLOBE NEWSWIRE) -- Performance Shipping Inc. (NASDAQ: PSHG) (the “Company”), a global shipping company specializing in the ownership of tanker vessels, today reported a net loss from continuing and discontinued operations of $2.1 million and net loss from continuing and discontinued operations attributable to common stockholders of $11.5 million for the first quarter of 2022, compared to a net loss from continuing and discontinued operations and net loss from continuing and discontinued operations attributable to common stockholders of $2.9 million for the same period in 2021. Net loss from continuing and discontinued operations attributable to common stockholders for the three-month period ended March 31, 2022 included a one-time non-cash deemed dividend of $9.3 million, stemming from the exchange of shares of certain holders of our common stock for shares of Series B preferred stock at the closing of the tender offer in January 2022.

Dynagas LNG Partners LP, an owner and operator of liquefied natural gas (“LNG”) carriers, announced its results for the three months ended March 31, 2022.