Search results for: masdar

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  • Tufton’s bulker to save 10 pct of fuel after fitting rotor sails

    17 August 2023
    Business Developments & Projects, Green Marine, Innovation, Outlook & Strategy, Transition, Vessels

    China-based Chengxi Shipyard has completed the installation of Anemoi’s rotor sails on TR Lady, an 82,000 dwt Kamsarmax bulk carrier. The installation was completed in June 2023. TR Lady is owned by TR Lady Shipping Ltd, a portfolio company of Tufton Investment Management and is on a time charter with Cargill. The vessel was retrofitted […]

  • OMV CEO staying put for two more years

    29 June 2023
    Business & Finance, Business Developments & Projects, Human Capital, Outlook & Strategy, Project & Tenders

    OMV has reappointed its current Chairman of the Executive Board and Chief Executive Officer (CEO), extending its stay in this role.

  • CMB: Retrofit of ammonia-ready CMA CGM Masai Mara will be easy

    12 June 2023
    Collaboration, Green Marine, Innovation, Outlook & Strategy, Regulation & Policy, Rules & Regulation, Transition, Vessels

    The world’s first ammonia-ready containership CMA CGM Masai Mara, which was recently delivered from Chinese shipbuilder Qingdao Shipyard, promises to revolutionize the container shipping industry as the vessel readies to use ammonia as a viable fuel source. The 5,900 TEU engineering marvel sets a transformative precedent with its entire architecture, including the cutting-edge MAN ES […]

  • Teck teams up with Norden to cut its carbon footprint

    16 August 2023
    Business & Finance, Business Developments & Projects, Collaboration, Environment, Green Marine, Market Outlooks, Outlook & Strategy, Regulation & Policy, Rules & Regulation, Transition, Vessels

    Danish shipping company Norden has inked a deal with Teck Resources Limited, one of Canada’s largest mining companies, to reduce CO² emissions in Teck’s steelmaking coal supply chain.  The agreement is expected to reduce annual emissions from Teck shipments handled by Norden by 25%, or up to 6,700 tonnes of CO², equivalent to removing over 1,400 […]

  • MSC confirms malware attack

    16 April 2020
    Business & Finance, IT & Software

    Mediterranean Shipping Company (MSC) has confirmed that some of its digital tools and its website were down due to a malware attack. The network outage which was affecting the company’s data centers in Geneva from Friday, April 10, was resolved yesterday. The outage was impacting the company’s digital booking tool myMSC, and the company’s agents […]

  • Stolt Tankers adds Bochem Houston, 1st of 6 ammonia-ready newbuilds chartered from CMB

    16 August 2023
    Business & Finance, Business Developments & Projects, Green Marine, Vessels

    Stolt Tankers has welcomed into the fleet Bochem Houston, the first of six newbuilds hired from Belgian shipowner Compagnie Maritime Belge (CMB). The 26,000 dwt ship has joined the company’s Stolt Tanker Joint Service, bringing the number of ships in its deep-sea fleet to 84. The IMO Tier III tanker Bochem Houston was built by China […]

  • Euronav splashes $112 million on VLCC newbuild

    16 August 2023
    Business & Finance, Business Developments & Projects, Green Marine, Market Outlooks, Outlook & Strategy, Vessels

    Belgian tanker shipping major Euronav has entered into a deal to buy a Very Large Crude Carrier (VLCC) newbuild from an undisclosed party, paying $112.2 million for the vessel. Under the deal, the company has an option for an additional VLCC newbuild. Euronav said that it has two months to decide whether it would exercise […]

  • Two companies join Aquarius Innovation Forum

    16 August 2023
    Automation, Business Developments & Projects, Collaboration, Equipment, Green Marine, Innovation, IT & Software, Outlook & Strategy, Research & Development, Technology, Vessels

    Japanese companies NittoSeiko and Sunflame have joined the Aquarius Innovation Forum, a dynamic and collaborative platform that emerged from Eco Marine Power’s research project collaboration initiatives. Eco Marine Power, an internationally focused technology company based in Fukuoka, Japan, develops renewable energy-based fuel-saving and emission-reduction solutions for ships. The company is developing various solutions to help […]

  • Cunard fits entire fleet with shore power capabilities

    16 August 2023
    Business & Finance, Business Developments & Projects, Green Marine, Outlook & Strategy, Transition, Vessels

    British luxury cruise line Cunard, part of Carnival Corporation, has enabled its entire fleet to connect to shore power. Namely, the company’s Queen Elizabeth cruise ship has been fitted with shore power capabilities and now all three Cunard ships – Queen Mary 2, Queen Victoria, and Queen Elizabeth – have the ability to plug into […]

  • NTSB: Tanker master’s fatigue led to allision with O&G platform

    25 November 2021
    Human Capital, Infrastructure, Outlook & Strategy, Regulation & Policy, Safety, Vessels

    A tanker operating company’s decision to change masters without a handover period led to a $72.9 million marine accident, according to a National Transportation Safety Board (NTSB) Marine Accident Brief issued on 23 November.

  • MMMCZCS: Navigating the regulatory traps to drive real change

    15 August 2023
    Authorities & Government, Environment, Green Marine, Innovation, Operations & Maintenance, Outlook & Strategy, Ports & Logistics, Regulation & Policy, Rules & Regulation, Transition, Vessels, Vision

    Regulatory measures implemented by the International Maritime Organization (IMO) often set out with the noble goal of curbing carbon dioxide (CO2) emissions and promoting sustainability within the global shipping industry. Yet, the journey from regulation to actual emission reduction can be marred by intricate technicalities and market-driven adaptations that lead to unintended outcomes. As the […]

  • APMT Pipavav starts VLGC operations

    15 August 2023
    Business & Finance, Business Developments & Projects, Green Marine, Infrastructure, Ports & Logistics, Vessels

    APM Terminals Pipavav (GPPL – Gujarat Pipavav Port) commenced very large gas carrier (VLGC) operations with the maiden berthing of MT Jag Viraat, owned by Great Eastern Shipping, earlier this month. The VLGC vessel MT Jag Viraat loaded cargo from Ruwais, ADNOC Refinery Jetty, and discharged 21,907 MT parcel at port Pipavav for three public […]

  • DP World to bolster handling capacity with 3 million TEU

    15 August 2023
    Automation, Business & Finance, Business Developments & Projects, Green Marine, Infrastructure, Market Outlooks, Outlook & Strategy, Ports & Logistics

    Dubai-based port operator DP World expects to add approximately 3 million Twenty-Foot Equivalent Units (TEUs) of new container handling capacity by the end of the year. The company currently manages approximately 9% of the world’s handling capacity, putting it among the top five global port operators. The expansions will take its total gross capacity to 93.6 […]

  • WATCH: EPS, GCMD and GoodFuels team up on third biofuel supply chain trial

    15 August 2023
    Authorities & Government, Business & Finance, Business Developments & Projects, Collaboration, Green Marine, Outlook & Strategy, Regulation & Policy, Research & Development, Rules & Regulation, Transition, Vessels

    The Global Centre for Maritime Decarbonisation (GCMD) has bunkered the third supply chain of a biofuel blend as part of its pilot to develop a quality, quantity and GHG abatement assurance framework for drop-in green fuels. Partnering with Singapore-based tonnage provider Eastern Pacific Shipping (EPS), the bunkering took place on July 24. This GCMD-led trial […]

  • COSCO Shipping takes delivery of methanol-ready multi-purpose ship

    15 August 2023
    Business Developments & Projects, Certification & Classification, Green Marine, Regulation & Policy, Vessels

    COSCO Shipping Special Carriers has welcomed into the fleet its second 68,000-ton ice-class multi-purpose pulp ship, named Green Kotka. The methanol-ready ship was built by Dalian COSCO KHI Ship Engineering Co., Ltd. (DACKS) shipyard. The Green Kotka is designed to navigate polar regions efficiently while accommodating diverse cargo, including wind power units, locomotives, and various […]

  • Petrobras’ disposal of FPSO opens doors to Brazilian recycling industry

    10 July 2023
    Business & Finance, Business Developments & Projects, Project & Tenders, Vessels

    Petrobras has concluded the auction for the disposal of a platform in Brazil, as part of its new commitment to sustainable ship recycling. 

  • VesselsValue: Tankers lead the demolition charge

    14 August 2023
    Business Developments & Projects, Green Marine, Market Outlooks, Outlook & Strategy, Vessels

    Tankers took the lead in the demolition market, comprising approximately 43% of all scrapped cargo vessels in 2022, according to insights from VesselsValue. Despite this dominance, the number of tankers scrapped actually decreased by 55% YoY, dropping from 123 in 2021 to 55 in 2022. In comparison, the number of bulkers scrapped was low, with […]

  • Portsmouth Port powers up with solar

    14 August 2023
    Authorities & Government, Business & Finance, Business Developments & Projects, Environment, Green Marine, Innovation, Outlook & Strategy, Ports & Logistics, Regulation & Policy, Storage, Technology, Transition

    Portsmouth International Port has completed the installation of its new solar and battery system which is now fully operational. The system is comprised of 2,660 solar panels, providing an impressive 35% of the site’s electricity, enabling the port to move one step closer to becoming one of the UK’s first net carbon-neutral ports. The solar […]

  • Strategic Marine to validate emissions reduction of hybrid offshore vessel load system

    14 August 2023
    Business Developments & Projects, Collaboration, Equipment, Green Marine, Innovation, Outlook & Strategy, Research & Development, Technology, Transition, Vessels

    Singapore’s shipbuilder Strategic Marine has commissioned an emissions study to validate greenhouse gas emissions reduction using the Sea Forrest Green Cabin Energy Saving System. Sea Forrest is a company specializing in delivering energy management solutions through marine electric and hybrid propulsion, marine charging, and marine energy storage systems. The Green Cabin Energy Saving System is […]

  • With the oil transfer completed, the final destination of FSO Safer remains unknown

    14 August 2023
    Authorities & Government, Business Developments & Projects, Environment, Green Marine, Outlook & Strategy, Regulation & Policy, Rules & Regulation, Vessels

    The successful completion of the oil transfer operation from the FSO Safer marks a significant milestone in averting a potential environmental and humanitarian catastrophe in the Red Sea. However, the mission is far from over, as the next crucial steps involve making a decision that would ensure the safe and responsible dismantling of the supertanker. […]

  • Clarksons: South Korean yards reclaim throne in orders, while China claims dominance in ship owning

    14 August 2023
    Business & Finance, Business Developments & Projects, Green Marine, Market Outlooks, Outlook & Strategy, Vessels

    South Korea’s shipbuilding prowess has once again taken the spotlight as it recaptured the top spot in global shipbuilding orders after a five-month hiatus. South Korean shipyards secured 44 percent of the global total of 3.33 million compensated gross tons (CGTs), accounting for orders totaling 1.46 million CGTs to construct 29 ships, July data from […]

  • Haslar Marina Maintenance Dredging About to Begin

    29 August 2019
    Business & Finance, Vessels

    Jenkins Marine Ltd is about to begin a routine maintenance dredging project within Haslar Marina Gosport and the RNSA pontoon, informs the Queen’s Harbor Master Portsmouth. According to the notice, the maintenance dredging will begin within Haslar Marina Gosport and the RNSA pontoon (located to the south of the marina), from 9 September 2019 with […]

  • CPRA Developing the 2023 Coastal Master Plan

    18 October 2019
    Business & Finance

    The Louisiana Coastal Protection and Restoration Authority (CPRA) is accepting new project ideas for the development of the 2023 Coastal Master Plan. Predictions in the 2017 Coastal Master Plan of future coastal land loss and storm surge-based flood risk, even with plan implementation, demonstrate that isolated project investments often provide minimal benefits beyond their immediate […]

  • Majority Supports Louisiana’s Coastal Master Plan

    12 January 2017
    Business & Finance, Project & Tenders

    A new poll has just shown that 62 percent of Louisiana voters favor Louisiana’s Coastal Master Plan – the state’s blueprint for prioritizing large-scale coastal restoration and protection projects – while only 6 percent oppose it. The poll, conducted in December 2016 by Applied Technology Research Corporation and commissioned by Restore the Mississippi River Delta, comes […]

  • Bandar Abbas Port Development Underway (Iran)

    15 August 2013
    Business & Finance

    Bandar Abbas port is currently constructing a number of 15 container and oil terminal in back-up area of the port, the port official said. Mr. Stiri, Acting Director General of the port said that these terminals are under construction in an area of 80 ha with an investment worth 46 million USD. He also added […]