A notice of dividend for Nan Shan Maritime Pte Ltd, which is currently in creditors’ voluntary liquidation, was published on the Government Gazette on Wednesday (15 July). 

The following are the details of the notice:

Name of Company : Nan Shan Maritime (Pte.) Ltd.(In Creditors’ Voluntary Liquidation)
Unique Entity No. / Registration No. : 201701967H
Address of Registered Office : 10 Anson Road, #10-10, International Plaza, Singapore 079903
Amount per centum : 5.00 Per Centum of all admitted unsecured, claims
First and Final or Otherwise : Third Interim
When Payable : 15 July 2026
Where Payable : Entitlements will be made by way of cheque.

Photo credit: Drew Beamer
Published: 16 July, 2026

DP World on Tuesday (14 July) said its Americas ocean freight division will invest USD 1 million in Hapag-Lloyd’s Ship Green product under a new agreement that will enable customers to reduce ocean freight shipment emissions through verified carbon insets. 

The investment, which will be made over the next four quarters, is expected to avoid 4,762 metric tonnes (mt) of CO₂ using certified waste-based biofuels.

The investment will fund the use of certified waste-based biofuels in place of conventional marine fuels. These fuels can reduce greenhouse gas emissions by at least 84% compared with conventional marine fuels.

The emissions savings are calculated on a well-to-wake basis, meaning they account for the full lifecycle of the fuel, from production to use onboard the vessel.

Unlike traditional carbon offsetting, which compensates for emissions after they occur, Hapag-Lloyd’s Ship Green product enables carbon “insetting” – reducing emissions directly within the ocean freight supply chain. By replacing conventional marine fuels with certified waste-based biofuels, the product delivers measurable emissions reductions that are independently tracked and allocated to participating customer shipments.

Through this agreement, DP World will offer customers of its Americas ocean freight business verified carbon inset solutions that help reduce the emissions associated with their ocean freight shipments, supporting their broader supply chain decarbonization goals.

Terry Donohoe, Senior Vice President of Freight Forwarding for DP World in the Americas, said: “This partnership reflects how we are evolving our ocean freight business to deliver both commercial resilience and measurable sustainability outcomes. By working closely with Hapag-Lloyd, we’ve created a solution that not only advances our decarbonization ambitions but also generates tangible value for our customers through verified emissions reductions. It’s a strong example of how collaboration across the supply chain can unlock practical, scalable pathways to lower-carbon trade.”

This agreement reinforces DP World’s commitment to advancing sustainable trade and expanding practical, customer-focused solutions that help accelerate decarbonization across the global logistics value chain.

Photo credit: DP World
Published: 16 July, 2026

Shipping giant A.P. Moller – Maersk (Maersk) on Wednesday (15 July) it is continuing to explore ethanol as a marine fuel for the future and has scaled up its 100% ethanol bunker trials. 

Following successful trials on dual-fuel feeder vessel Laura Maersk, the company scaled up and bunkered its large dual-fuel vessel, Antonia Maersk, with 100% ethanol on 9 July at APM Terminals Barcelona at Port of Barcelona.

“Drawing on our experience with methanol, we are working with port authorities and partners to establish the infrastructure and operational procedures needed to support ethanol bunkering at key ports,” the company said in a social media post.

Ethanol is one of several pathways Maersk is exploring to diversify its low-emission fuel portfolio, with the ambition of enabling rapid uptake and helping create a new liquid marine fuel market. 

“Realising this ambition will require both continued investment across the value chain and the development of supportive regulatory frameworks,” it said.

Manifold Times previously reported Maersk reporting that Laura Maersk successfully operated on 100% ethanol for a second time.

The first trial, conducted in October and November last year, involved a 10% ethanol / 90% e-methanol blend and confirmed that ethanol can be safely and effectively integrated into the fuel mix. The test underscores the potential to create greater optionality for Maersk’s dual-fuel methanol fleet, essentially enabling dual fuel alcohol vessels.

Later, the company blended 50% ethanol with 50% methanol in a test onboard the vessel Laura Maersk before working its way up to 100% ethanol. 

Related: Maersk changes blend ratio of ethanol and methanol in next level bunker fuel trial
Related: Maersk advances ethanol fuel trials with larger-scale Rotterdam bunkering
Related: Maersk adds ethanol to methanol in trial onboard dual-fuel containership

Photo credit: A.P. Moller – Maersk
Published: 16 July, 2026