South Korean shipbuilder Hanwha Ocean has reportedly entered into a unique agreement with compatriot rival Samsung Heavy Industries (SHI), marking the first-ever collaboration between two shipbuilding heavyweights. While specifics of the deal remain undisclosed, reports suggest that Hanwha Ocean wil
Japanese shipping company Mitsui O.S.K. Lines, Ltd. (MOL) has signed a time charter contract for the ammonia carrier Green Pioneer with Yara Clean Ammonia Switzerland, a group company of Yara International ASA, the world’s largest nitrogen fertilizer manufacturer. The 2010-built vessel was delivered
Capital Product Partners L.P. has taken delivery of the LNG Carrier Axios II as part of its umbrella deal covering the acquisition of 11 newbuild liquefied natural gas carriers. The vessel was built by Hyundai Heavy Industries and delivered in January 2024. The dual-fuelled LNG carrier is fitted wit
Australia’s maritime authority, the Australian Maritime Safety Authority (AMSA), has imposed a 180-day ban on the Hong Kong-flagged LNG carrier Cesi Qingdao from entering Australian waters. The vessel was detained in Gladstone in November after experiencing a blackout that caused significant disrupt
The Port of Trelleborg has inked a deal with German wind power company ENERCON for the construction of two 120-meter-high wind turbines. This move aligns with the port’s ambitious plan to become a major energy hub, ensuring self-sufficiency in energy production for its future needs, including shore
For the past month, Color Line’s two passenger ferries, linking Denmark and Norway, have been fueled exclusively with B100 biofuel, supplied and managed by marine fuel supplier Bunker One. Bunker One has supplied B100 biofuel to Color Line’s SuperSpeed 1 and 2 ferries travelling between Hirtshals in
Shanghai-listed China COSCO Shipping Energy Transportation has finalized strategic shipbuilding contracts for six new tankers worth a total of $449 million ( approximately RMB 2.9 billion). Hainan COSCO Shipping Energy, the company’s subsidiary, signed contracts with Yangzhou COSCO Shipping Heavy In
The renewal of the global shipping fleet made a significant stride in 2023, with a total of 539 ships, equivalent to 45% of all newbuild orders placed last year by gross tonnage, being capable of running on alternative fuels, Clarksons Research said. “2023 was a hugely significant year in the shippi
French maritime firm Louis Dreyfus Armateurs (LDA) has inked a construction contract with Chinese CSSC Wuchang Shipbuilding Industry Group for three low-emission roll-on /roll-off vessels supported by wind-assisted propulsion. The construction of the vessels has been commissioned by Airbus as part o
In the maritime realm, 2023 has been a year marked by transformative projects and announcements, on both the regulatory side, ship designing, and shipbuilding front as well as demand signals for the production of alternative fuels. Amidst geopolitical turbulences in the Middle East, the ongoing conf
South Korean shipbuilder Samsung Heavy Industries (SHI) has ceased the production of blocks and equipment for 10 out of the 15 Arctic LNG carriers contracted with Zvezda, Reuters reported. While Samsung has been delivering these components for five of the vessels to Zvezda, following approval from t
Jens Meier, President of the International Association of Ports and Harbors (IAPH) and CEO of Hamburg Port Authority has called on ports to actively collaborate on knowledge sharing between themselves and the maritime community to accelerate decarbonization.
Italian shipbuilder Fincantieri has secured a “green” loan totaling €415 million intended for the construction of ‘low-carbon’ cruise ship Mein Schiff Relax. The loan is being provided by Intesa Sanpaolo’s IMI Corporate & Investment Banking Division and Cassa Depositi e Prestiti (CDP)- Mein Schiff R
China continues to assert its dominance on the global shipbuilding scene, China Daily reported citing data from the Ministry of Industry and Information Technology. China’s shipbuilding output surged by 12.3 percent year-on-year, reaching 38.09 million deadweight tons in the first 11 months of 2023,
