Containership owner and operator Seaspan Corporation, part of Atlas Corp., has entered into a note purchase agreement to issue, in a private placement, $500 million principal amount of fixed rate, sustainability-linked senior secured notes.
Harrowing images have emerged this morning of the X-Press Pearl containership, engulfed in flames with thick, black smoke billowing from the vessel. The ship was hit by a fire on May 20th while at anchorage off Colombo harbour, Sri Lanka, and the local authorities have been working to extinguish it
The discussion on carbon pricing in the maritime industry is heating up, as industry stakeholders urge for a market-based measure to finally incentivize the sector’s decarbonization journey. In a nutshell, carbon pricing would impose a cost on emitting greenhouse gases (GHGs), pushing the sector to
South Korean shipbuilding giant Korea Shipbuilding & Offshore Engineering Co. (KSOE) has secured several contracts for the construction of a total of six vessels.
Fuel cell developer PowerCell Sweden has presented an industrialized high-power fuel cell module especially developed for the electrification of marine applications.
Japanese shipping company MOL Co. revealed plans to buy a new Panamax type bulk carrier intended for transporting woody biomass as energy as its main cargo for domestic electric power companies. The vessel will meet the Energy Efficiency Design Index (EEDI) Phase 3 that will enter into force from 20
Chemicals giant BASF and RWE have presented a project to build a 2 GW offshore wind farm that would power BASF’s chemical site in Ludwigshafen, Germany, and enable CO2-free production of hydrogen. No public subsidies would be needed for the construction of the wind farm, which is already in the plan
Taiwanese company Asia Cement Corporation has completed a full shore power project for cement vessels in an effort to reduce the impact on the sea, the ecology and the environment.
Busan Port Authority (BPA), the governing body of the South Korean Port of Busan, has decided to integrate 5G mobile edge computing (MEC) convergence technology into crane remote controlling in an effort “to make the port safer and smarter”.
Chengxi Shipyard in China hosted yesterday the naming and launching ceremony for M/V Nukumi, a new self-unloading vessel being built for Canada Steamship Lines (CSL). The launching comes four months after the ship’s keel-laying ceremony, which was held in January 2021. Once delivered, the 26,000 dwt
French shipping major CMA CGM has launched its low-carbon shipping offering based on biomethane as part of its Act with CMA CGM+ range of services. The new CLEANER ENERGY biomethane solution will be offered on the group’s intra-European line run by its Containerships brand. With the new service, Con
Diginex Solutions, a sustainability-focused impact technology company, has partnered with tanker owner and operator Hafnia to create a new environmental, social and governance (ESG) reporting tool for the shipping industry.
Development Bank of Japan Inc. (DBJ) has become a signatory to the Poseidon Principles, a regulatory framework for responsible financing of the shipping industry. DBJ joins a number of Asian financial institutions to ink the framework over the recent period, including Sumitomo Mitsui Banking Corpora
The keel has been laid for the third battery hybrid LNG-powered pure car and truck carrier (PCTC) being built for United European Car Carriers (UECC), a Norway-based provider of shortsea RoRo transportation.
