Search results for: masdar

5142 results

A list of search results

  • MUA calls off industrial action plans for DPWA as liners battle congestion

    21 September 2020
    Human Capital, Ports & Logistics, Vessels

    The Maritime Union of Australia (MUA) withdrew its industrial action at DP World Australia, according to Shipping Australia Ltd. “Shipping Australia understands that a written undertaking has now been given to the Fair Work Commission that no further notices of industrial action at Port Botany will be submitted before November 1 2020,” the shipowner association […]

  • GALLERY: Mayflower autonomous ship hits the water

    16 September 2020
    Automation, Environment, IT & Software, Research & Development, Technology, Vessels, Vision

    Mayflower Autonomous Ship (MAS), an AI and solar-powered marine research vessel, which will traverse oceans gathering environmental data, has been lifted into the waters off the coast of Plymouth, England. The vessel is set to be officially launched later today after two years of design, construction, and training of its AI models. The launching date […]

  • Study: Scrubbers have lower well-to-wake CO2 footprint than low-sulphur fuels

    16 September 2020
    Environment, Equipment, Regulation & Policy, Research & Development, Rules & Regulation, Transition, Vessels

    Using exhaust gas cleaning systems (scrubbers) or low-sulphur fuel oils to meet the IMO 2020 Sulphur Cap both result in an increase of well-to-wake CO2 emissions, according to a recent study carried out by research and consultancy firm CE Delft. A scrubber requires energy which is generated by engines running on fuel oil and thus […]

  • Philippine Coast Guard to continue to press criminal charges against Vienna Wood’s owner

    26 August 2020
    Authorities & Government, Vessels

    The Philippine Coast Guard will continue to pursue criminal charges against the owners of MV Vienna Wood, a Hong Kong-flagged bulk carrier, which was involved in a deadly collision with a fishing vessel in June southwest of Manila. The decision is being announced on the back of settlement reached between the owners of the ship, […]

  • BW LPG’s 1st retrofit to LPG as fuel set for completion by October 2020

    26 August 2020
    Environment, Transition, Vessels

    The LPG deck tanks intended for retrofitting of the BW Gemini, an LPG tanker operated by Singapore-based BW LPG, the world’s largest liquid petroleum gas shipping company, are en route for installation, the company said in an update. BW Gemini is the first of the initial two vessels selected for retrofitting to LPG as fuel […]

  • Port of Oakland’s marine terminal slashes emissions with electric cranes

    25 August 2020
    Environment, Ports & Logistics

    The Port of Oakland’s largest marine terminal Oakland International Container Terminal (OICT) has cut diesel emissions from 13 of its massive yard cranes by 95 percent after retrofitting them with hybrid-electric engines.  Terminal operator Stevedoring Services of America (SSA) said that the project will eliminate about 1,200 metric tons of greenhouse gas emissions annually from each crane. “Retrofitting our rubber-tire gantry cranes to […]

  • Containership orderbook drops below 10% threshold for the 1st time in 20 years

    25 August 2020
    Vessels

    The global containership orderbook, seen as a percentage of the world fleet, has dropped to a historic low in July 2020, standing at only 9.4% or 2.21 million TEU, data from Alphaliner shows. This was the first time in more than 20 years, the global newbuilding pipeline fell below the 10% threshold. The figures are […]

  • Fuel oil quality survey sheds light on problems faced by owners during transition to LSFO

    20 August 2020
    Environment, Operations & Maintenance, Rules & Regulation, Transition, Vessels

    An industry survey into the transition to using compliant low-sulphur fuel oil since the beginning of 2020 shows that the switch hasn’t been completely pain-free for shipowners as fluctuating fuel oil properties lead to a myriad of issues. The survey focuses on issues such as increased sludge discharge, clogging of fuel pipes, preheaters, fuel separators […]

  • COVID-19 could cost the shipping industry 40K jobs

    18 August 2020
    Human Capital, Infrastructure, Market Outlooks, Ports & Logistics

    The shipping industry could lose up to 40,000 jobs as more than 50% of the people in shipping lines work from home now due to the coronavirus pandemic, Lars Jensen, CEO, SeaIntelligence Consulting believes. “COVID-19 has proven that our systems work, as we’re still able to move 85% of global value although 50% work from […]

  • US says it seized Iranian fuel from four Venezuela-bound tankers

    17 August 2020
    Authorities & Government, Vessels

    The United States has seized fuel from four oil tankers reportedly carrying fuel shipments from Iran destined for Venezuela, the U.S. Justice Department said. The fuel was allegedly shipped by the Islamic Revolutionary Guard Corps (IRGC), designated by the U.S. as a foreign terrorist organization. The operation was part of the U.S. efforts to enforce […]

  • MSC backs hydrogen, biofuels as fuels of the future

    6 October 2020
    Environment, Research & Development, Transition, Vessels

    Geneva-based Mediterranean Shipping Company (MSC) is exploring the viability of hydrogen and fuels derived from it as a possible fuel source for the future for container shipping. Speaking on decarbonization at Maritime Transport Efficiency Conference in Geneva, Switzerland on Monday, MSC Group’s Bud Darr said the company was also pioneering the use of biofuels within its […]

  • COSCO’s bulker runs aground in Virginia

    2 October 2020
    Vessels

    The Panamanian flagged coal carrier Hong Dai ran aground on a soft sandy bottom near Norfolk, Virginia, on Wednesday night. The Hong Dai’s crew reported no injuries, pollution or flooding concerns at the time, according to the US Coast Guard. It is reported that there are 22 crew members on board the bulker. Sector Virginia […]

  • New President and CEO to take the helm at Wärtsilä

    1 October 2020
    Business & Finance, Human Capital

    The Board of Directors of technology company Wärtsilä has appointed Håkan Agnevall as the new President and CEO for Wärtsilä Corporation. Agnevall will commence in his role no later than in April 2021. He will succeed Jaakko Eskola, who will continue as a senior advisor to the company’s Board of Directors and executive team until […]

  • Heerema going carbon neutral

    1 October 2020
    Business & Finance, Environment, Heavy lifting, Storage, Transition, Vessels, Vision

    Dutch contractor Heerema wants to become the first carbon-neutral marine contractor in the offshore industry in line with the national and international emission-reduction targets. The plans are being revealed as the inetrnational maritime community pushes forward to meet the 50% GHG reduction target by 2050, with some companies vowing to become climate neutral by then. Heerema’s […]

  • Fincantieri delivers 1st ship in COVID-19 aftermath

    1 October 2020
    Vessels

    Fincantieri hosted a delivery ceremony on Wednesday at Monfalcone shipyard for Enchanted Princess, the 100th cruise ship to be delivered by the Italian shipbuilder in the last 30 years. Princess Cruises, a Carnival brand, welcomed the ship into its fleet in a virtually streamed ceremony. “Enchanted Princess is a special ship: she is, indeed, the […]

  • HHLA takes majority stake in Piattaforma Logistica Trieste

    29 September 2020
    Infrastructure, Ports & Logistics

    German terminal operator Hamburger Hafen und Logistik AG (HHLA) is taking a majority stake of 50.01 percent in the multi-function terminal Piattaforma Logistica Trieste (PLT) in the Italian seaport of Trieste. The investment will be allocated contractually and organisationally to HHLA International GmbH. With this investment, HHLA aims to position itself in a growing market on […]

  • UECC’s LNG-powered PCTCs to ship trams to Oslo

    28 September 2020
    Vessels

    European short sea carrier UECC will use its dual-fuel LNG PCTC vessels to deliver new trams for the City of Oslo, Norway. The first tram was loaded on the UECC dual-fuel LNG PCTC Auto Eco in Pasajes, Spain on September 11 of this year, then transshipped onto the conventionally powered M/V Spica Leader in Zeebrugge, arriving in Drammen […]

  • Over 400,000 seafarers trapped at sea as crew change crisis nears breaking point

    28 September 2020
    Authorities & Government, Environment, Human Capital, Regulation & Policy, Rules & Regulation, Safety, Vessels

    More than 400,000 seafarers remain trapped at sea on more than 60,000 cargo ships, as calls to end the ongoing crew change crisis remain unanswered by national governments. Another 400,000 are unable to join ships, according to the International Chamber of Shipping. The COVID-19 pandemic restrictions on travel and transit have severely impacted seafarers. Overly […]

  • Report: Saudi Arabia warns of an oil slick near Yemen’s decaying tanker

    25 September 2020
    Authorities & Government, Environment, Safety, Vessels

    An oil spot has been identified some 50 km west of the Safer oil tanker moored off the western coast of Yemen, Reuters reported citing a letter from Saudi Arabia to the UN Security Council. The letter, written by Saudi Ambassador to the UN Abdallah Al-Mouallimi, said “a pipeline attached to the vessel is suspected […]

  • Scorpio Tankers secures scrubber, sale & leaseback financing

    25 September 2020
    Business & Finance, Environment, Equipment, Rules & Regulation, Vessels

    Tanker owner and operator Scorpio Tankers has finalized commitments from three financial institutions and has received a new commitment for a scrubber financing facility. The financing facilities are expected to increase the company’s liquidity by approximately $82 million. Specifically, Scorpio has secured a new commitment of $12 million to finance scrubbers on six MRs of which […]

  • World Bank: Beirut port blast caused up to $4.6 billion worth of damage to physical assets

    1 September 2020
    Infrastructure, Ports & Logistics

    A new damage assessment following the devastating explosion in the city of Beirut shows the blast caused between $3.8 and $4.6 billion in damage to infrastructure and physical stock. The figures are part of a Rapid Damage and Needs Assessment (RDNA), carried out by the World Bank Group (WBG), in cooperation with the United Nations […]

  • SITC orders up to 12 gearless feeders from Yangzijiang Shipbuilding

    31 August 2020
    Vessels

    Hong Kong-based shipping firm SITC International Holdings has placed an order for six 1, 800 TEU gearless container carriers with China’s Yangzijiang Shipbuilding. Under the deal, the company has an option to bring the ordering tally up to 12 units. The order is being placed despite the overall impact of the COVID-19 pandemic on the shipping and logistics […]

  • US seizes websites of Iranian companies accused of shipping fuel to Venezuela

    31 August 2020
    Authorities & Government

    The U.S. Justice Department has seized three websites used by Iranian fuel traders, which are accused of being used as front companies for arranging a multimillion-dollar fuel shipment by the Islamic Revolutionary Guard Corps (IRGC) to Venezuela. The companies in question have been identified as Mobin International, Sohar Fuel, and Oman Fuel.  The Justice Department […]

  • Frontline boasts $200 million Q2 profit, lands major financing deals

    28 August 2020
    Business & Finance

    Tanker shipping company Frontline booked a net income of $365 million for the first half of 2020, the strongest first half in more than 10 years, cashing in on strong quarterly earnings. For the second quarter, the Norwegian shipowner reported a net income of $199.7 million amid higher charter rates than in the previous three months. […]

  • Jansen: No technology in sight to make large ships carbon-neutral in next 3-5 years

    4 June 2021
    Environment, Market Outlooks, Technology, Transition, Vessels

    At this point in time, there is no technology in sight that would make large, ocean-going ships carbon-neutral in the next three to five years, CEO of German liner company Hapag-Lloyd, Rolf Habben Jansen believes. Jansen was one of the panelists of the Green Shipping Roundtable hosted yesterday by the World Shipping Council. “That means […]