South Korean shipbuilding heavyweight Hyundai Heavy Industries Holdings Co. (HHIH) has signed a joint investment deal with compatriot wealth fund Korea Investment Corp. (KIC) worth KRW 1 trillion ( around $900 million). The two South Korean entities inked a preliminary agreement on the co-investment
The Finnish technology group Wärtsilä has signed two 15-year optimised maintenance agreements with Japan-based NYK LNG Ship Management for two LNG vessels.
Norway’s Kongsberg Digital has signed a contract to install its Vessel Insight solution on U.S.-based Dorian LPG’s fleet of 22 LPG carriers.
South Korea’s shipping company HMM has welcomed into the fleet HMM Nuri, the first of eight 16,000 TEU-class newbuild containerships designed as LNG-ready. Ulsan shipyard of Hyundai Heavy Industries (HHI) is building the series, scheduled to be delivered from this March throughout the second quarter
Innovez One, a Singapore-based provider of smart-tech and AI solutions for the maritime sector, has signed a multi-year contract with compatriot sea transportation operator R W Marine Services to digitise its fleet operations.
IQAX Limited, an information technology company providing digital solutions for global shipping and trade, has been officially commissioned by the Global Shipping Business Network (GSBN) to develop, enhance and operate a blockchain platform.
Aberdeen-based company North Star Renewables has won the tender for the delivery of three service operation vessels (SOVs) for the 3.6 GW Dogger Bank project, which is set to become the world’s biggest offshore wind farm. Under a contract worth approximately GBP 270 million (around € 316 million), t
Van Oord has entered into collaboration with FUELSAVE for the adoption of innovative combustion conditioning technology that is expected to further reduce the emissions on its fleet.
Klaveness Digital, part of the Norwegian shipowner Torvald Klaveness Group, has challenged industry players to act on Scope 3 emissions now or risk increasing costs and losing competitive advantage, in a recent webinar discussing the opportunities of digitalization and decarbonization.
The industry buzz around large scale demolition of crude oil tankers has brought little tonnage to the scrapyards crushing market recovery hopes pinned on scrapping, BIMCO said. The year 2021 has been tough on crude oil tanker freight rates across the board so far. Nevertheless, there has been all t
By January 2022, Ports America Chesapeake (PAC) will have 15 new hybrid rubber-tired gantry (RTG) cranes from Konecranes to expand operations and reduce diesel emissions at Port of Baltimore’s Seagirt Marine Terminal.
Japanese shipping major K Line has taken delivery of its first LNG-powered car carrier named Century Highway Green. The next-generation vessel was built by Tadotsu Shipyard Co., part of the Imabari Shipbuilding Group. The company said that the delivery represents an important milestone for achieving
Danish tanker owner Maersk Product Tankers has cut its CO2 emissions by 3.3 percent in 2020 with the help of its proprietary digital and technical solutions. The latest decrease gives a total reduction of 28.7 per cent between 2008 and 2020 as measured on the Energy Efficiency Operational Indicator,
Maritime industry leaders have embarked upon a feasibility study aimed at establishing a comprehensive supply chain for the provision of green ammonia ship-to-ship bunkering at the Port of Singapore. The companies taking part in the project include A.P. Moller – Maersk A/S, Fleet Management Limited,
