Search results for: masdar

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  • Hyundai Glovis bags major car shipping deal with Volkswagen

    3 July 2020
    Business & Finance

    South Korean Hyundai Glovis has signed a five-year contract with Europe’s largest automaker Volkswagen Group for the sea transport of the entire volume of finished cars exported from Europe to China. The deal was signed with Volkswagen Konzernlogistik, a logistics subsidiary of Volkswagen Group, and covers three firm years plus two more optional years. Under […]

  • ICS: 400,000 seafarers stranded at sea and shore due to crew change crisis

    1 July 2020
    Human Capital, Vessels

    A staggering number of seafarers is being impacted by the inability to carry out crew changes due to the COVID-19 restrictions imposed on travel by national governments across the globe. Despite incessant calls from the maritime bodies, seafarers are yet to be designated as ‘key workers’ and exempted from travel restrictions. Some countries like Cyprus, […]

  • Samsung Heavy, Bloom Energy push forward with developing fuel cells for ships

    1 July 2020
    Innovation, Research & Development, Vessels

    South Korean shipbuilder Samsung Heavy Industries (SHI) and U.S.-based manufacturer of solid oxide fuel cells Bloom Energy have signed a joint development agreement advancing their plans to design and develop fuel cell-powered ships. The two companies revealed their cooperation in 2019, when SHI announced it wanted to become the first shipbuilder to build a large cargo […]

  • Norden orders Ultramax quartet at NACKS

    29 June 2020
    Vessels

    Danish shipping company Norden has entered into a newbuilding contract with Chinese shipbuilder Nantong Cosco Khi Ship Engineering Co. (NACKS) for four 61,000 dwt dry cargo Ultramax ships, expected to deliver during 2022. Norden’s CEO Jan Rindbo said that the contract was in line with the company’s strategy of ‘agile asset trading and active management’ of […]

  • ABS gives AIP to dual deadweight bulk carrier design

    24 June 2020
    Certification & Classification

    Classification society ABS has granted Approval in Principle (AIP) to a dual deadweight neo-panamax bulk carrier design from the StandShip Joint Development Partnership (JDP). ABS’ StandShip JDP partners include StandShip Ltd., SeaQuest Marine Project Management, Odense Maritime Technology, Mitsubishi Ship Building, IFCHOR and Bancosta. The vessel is available in 86,000 and 95,000 DWT designs, and […]

  • Cochin Shipyard to build autonomous, electric ferries that will be managed by Kongsberg Wilhelmsen JV

    16 July 2020
    Vessels

    The largest commercial shipbuilder in India Cochin Shipyard Limited (CSL) Kochi has signed contracts for construction and supply of two autonomous electric ferries for ASKO Maritime AS, Norway with an option to build two more identical vessels. ASKO Maritime AS is the subsidiary of Norges Gruppen ASA, one of the largest players in the Norwegian […]

  • Clean Cargo report: Container shipping’s CO2 emissions down in 2019

    22 July 2020

    Carbon dioxide emissions from the world’s leading ocean container carriers continued to fall in 2019, according to a new report from Clean Cargo, a collaborative initiative for sustainable cargo shipping managed by Business for Social Responsibility(BSR). Clean Cargo’s aggregate average Trade Lane CO2 Emissions Factors are compiled from verified operations data of over 3,500 vessels, […]

  • Wilhelmsen Ship Management takes 50% stake in Ahrenkiel Steamship

    21 July 2020
    Business & Finance

    Singapore-based ship manager Wilhelmsen Ship Management has acquired 50% stake Ahrenkiel Steamship, a subsidiary of Hamburg-based asset and investment manager MPC Capital AG. The joint venture will operate under the brand Wilhelmsen Ahrenkiel Ship Management in Hamburg and Rhoon, while supported by Wilhelmsen’s global network. As informed, the new company will have around 100 employees […]

  • Coronavirus delays construction of world’s largest cruise ship

    20 July 2020
    Vessels

    The construction of the new Oasis-class cruise ship, Wonder of the Seas, by French shipbuilder Chantiers de l’Atlantique has been delayed due to the impact of the coronavirus pandemic on the shipbuilder’s operation, Royal Caribbean said in an update. The cruise major explained that the delivery of the ship is expected to take place once […]

  • Updated: Pirates kidnap 13 seafarers in the furthest offshore attack in GoG yet

    20 July 2020
    Human Capital, Safety, Vessels

    A group of armed pirates boarded a product tanker offshore Benin on Friday, July 17, and kidnapped 13 crew members, Alison Management Corp., the management company of the vessel confirmed to Offshore Energy-Green Marine. The statement was issued on the back of a report from maritime security firm Dryad Global which claimed that 15 seafarers […]

  • CMA CGM inks order for 22 boxships, including 12 dual-fuel newbuilds

    30 April 2021

    French liner major CMA CGM has ordered the construction of 22 containerships worth around $2.3bn, making the deal the largest single containership order in China’s shipbuilding history. The orders are spread across three Chinese shipbuilders,  Jiangnan Shipyard, Hudong-Zhonghua Shipbuilding, and Qingdao Beihai Shipbuilding Heavy Industry, all subsidiaries of China State Shipbuilding Corporation (CSSC). The contract […]

  • ONE claims success in 2nd biofuel trial

    29 April 2021
    Environment, Transition, Vessels

    Singapore-based Ocean Network Express (ONE) has completed the second trial of sustainable marine biofuel onboard the M/V MOL Experience. This time around the trial involved a three times higher mixing ratio in biofuel content. M/V MOL Experience was refuelled with marine biofuel during bunkering at the Port of Rotterdam, the Netherlands, on March 7th, 2021. […]

  • Containers tumble into sea as fire-stricken X-Press Pearl lists starboard

    26 May 2021
    Environment, Safety, Vessels

    X-Press Pearl, the feeder containership which continues to burn in Sri Lankan waters for the sixth day, has listed starboard causing some of the containers to tumble into the sea and sink. According to an update from the Sri Lanka Navy, the listing has been caused by rough seas and bad weather. As informed, the […]

  • Avance Gas brings its dual-fuel VLGC ordering tally at DSME to 6 ships

    22 April 2021
    Transition, Vessels

    Norway-based shipping firm Avance Gas Holding has increased its dual-fuel VLGC newbuilding program from four to six 91,000 cbm vessels. The order comes just a few months after the most recent fleet addition deal announced back in January. The latest two newbuilds will also be built by South Korean major Daewoo Shipbuilding and Marine Engineering […]

  • MAN study: Fossil fuels use in shipping should be banned by 2030

    22 April 2021
    Environment, Market Outlooks, Outlook & Strategy, Regulation & Policy, Research & Development, Rules & Regulation, Transition, Vessels

    The use of fossil fuels in the shipping industry will need to be banned in the latter half of the decade if the industry is to meet its decarbonization efforts, a study by MAN Energy Solutions shows. The study, carried out in partnership with the Fraunhofer Institute for Systems and Innovation Research (ISI), outlines four […]

  • Oldendorff trials biofuel in Singapore

    15 April 2021
    Collaboration, Environment, Ports & Logistics, Transition, Vessels

    German dry bulk operator Oldendorff Carriers has teamed up with BHP, and biofuels pioneer GoodFuels to carry out the first marine biofuel trial involving an ocean-going vessel bunkered in Singapore. The vessel selected for the trial was Kira Oldendorff,one of the company’s eco-Kamsarmaxes. The 2020-built 81,290 dwt dry bulk carrier was bunkered with “drop-in” advanced […]

  • Klaveness embarks upon carbon capture project

    12 May 2021
    Carbon Capture Usage & Storage, Environment, Innovation, Research & Development, Transition

    Norway-based shipowner Klaveness Combination Carriers (KCC) has joined a new carbon capture project called CCShip led by SINTEF Energy Research. The project focuses on deploying Carbon Capture & Storage technologies (CCS) for ships to reduce CO2 emissions. It will look at cost-effective solutions for ships, with the aim of determining when CCS can be a more […]

  • Seafarer Happiness Index: Lingering fears, worries and doubts over crew change

    10 May 2021
    Human Capital, Rules & Regulation, Safety

    Lingering fears, worries, and doubts about the ongoing crew change situation continue to dominate the sentiments among seafarers, according to the Seafarers Happiness Index latest report.  The issue of how seafarers will be vaccinated also came to the fore and is likely to be a long-running concern until the solutions and plans are made internationally […]

  • Euronav fixes $95M in green financing

    12 April 2021
    Business & Finance

    Belgian tanker owner Euronav NV has signed an €80 million ($95 million) sustainability-linked financing deal, the company revealed. The move brings the share of facilities with an integrated sustainability component in the company’s total to 31.5%. The unsecured revolving credit facility has been concluded with KBC, ABN Amro, Belfius, ING, Societé Generale, BNP Paribas and SEB, […]

  • Environmental Defense Fund, Mærsk Mc-Kinney Møller Center pen partnership deal

    19 March 2021
    Outlook & Strategy, Research & Development

    Environmental Defense Fund and Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping have signed a partnership agreement formalizing their cooperation on the reduction of emissions from shipping. The collaboration will evolve around the development of an industry transition strategy, mapping the strategic pathway to zero-carbon shipping in 2050, and the comprehensive policy framework necessary for […]

  • One quarter of tanker fleet to be over 20 years old by 2023

    27 April 2021
    Market Outlooks, Outlook & Strategy, Vessels

    More than 25% of the active tanker fleet, i.e., one quarter, is set to reach 20 years of age by 2023, creating quite a scrapping candidate list going forward. Data from VesselsValue shows that of the 13, 211 tankers in its data base, including small tankers, over 3,000 are 20 years old and older. Coupled […]

  • Biden to push for IMO adoption of zero emissions goal for shipping by 2050

    27 April 2021
    Authorities & Government, Environment, Outlook & Strategy, Regulation & Policy, Rules & Regulation, Transition

    The Biden administration has committed to working with the International Maritime Organization (IMO) to adopt a goal of achieving zero emissions from international shipping by 2050. The White House said it would aim to adopt ambitious measures that will place the sector on a pathway to achieve this goal. This would up the ante for […]

  • DP World Australia, MUA closing in on workplace agreement

    25 September 2020
    Human Capital, Ports & Logistics

    Australia’s largest container terminal operator DP World Australia expects to finalise workplace agreements with the Maritime Union of Australia (MUA) by September 30. The agreement comes on the back of this week’s negotiations and the suspension of the union’s planned industrial action. The breakthrough is being reported after two years of difficult negotiations, MUA National […]

  • NAT books 2 Suezmaxes at SHI

    23 September 2020
    Vessels

    Tanker owner Nordic American Tankers (NAT)  has entered into two 2 Suezmax newbuilding contracts with Samsung Heavy Industries in South Korea. The scheduled deliveries of the ships are in the first half of 2022. “The combination of specifications, quality of yard, price, payment terms and deliveries make this an attractive investment for NAT and is consistent […]

  • MOL pays $253K for breaching anti-pollution laws

    23 September 2020
    Authorities & Government, Ports & Logistics, Regulation & Policy, Rules & Regulation, Vessels

    Japanese shipping company Mitsui O.S.K. Lines (MOL) has paid $253,300 in penalties to the California Air Resources Board (CARB) for violating the Ocean-Going Vessel At-Berth Regulation. The rule requires container, passenger, and refrigerated cargo ships to reduce emissions while docked at California’s ports, including Los Angeles, Long Beach, Oakland, Hueneme, San Francisco, and San Diego. […]