Norwegian-based ballast water treatment (BWT) specialist Optimarin has launched a leasing option within the BWT segment as a response to the growing need for more flexibility in financing solutions. The company said that the leasing option is the first of its kind in the segment and comes amid chall
Monaco-based tanker owner and operator Scorpio Tankers has secured additional liquidity having received new loan commitments for debt repayment. The company said it had received a commitment for a new credit facility for up to $225 million. The loan, still to be finalized, is expected to consist of
Crude oil tanker company DHT Holdings has postponed the installation of scrubbers on five of its ships, leaving the ships to trade for a while longer and reap fruit from a strong tanker market. The company currently has 13 ships fitted with scrubbers out of the planned 18 very large crude carriers s
Norwegian company Fjord Shipping has entered into a deal with German technology group GEA to equip one of its vessels with GEA BallastMaster marineX. The ship in question is a small oil and chemical tanker named Key South, built in 2010. The BallastMaster marineX is a product GEA made in partnership
Capesize shipowner Seanergy Maritime Holdings Corp. has entered into a time charter agreement with commodity trading and mining company Glencore for an additional Capesize vessel.
Swedish engineering group Alfa Laval saw a significant drop in demand for its exhaust gas cleaning systems (scrubbers) during the first quarter of this year, the company said in its quarterly report. The order intake was down year-on-year amid general uncertainty around retrofit yard slot availabili
Greek tanker owner and operator TOP Ships has acquired a 50 per cent interest in two companies that own two ultra-high specification scrubber-fitted 50,000 dwt eco MR product tanker newbuilds.
German container shipping major Hapag-Lloyd has cut its CO2 emissions per TEU kilometre by 50 percent when compared to the reference year of 2008, the company said. The goal was achieved through economies of scale as the company introduced bigger and more efficient ships with improved water resistan
The Finnish technology group Wärtsilä has reported a 12 percent order intake fall during the first quarter of 2020 as a result of the global measures aimed at curbing the spread of the COVID-19 pandemic. The order intake was worth EUR 1.2 billion when compared to EUR 1.4 billion in the same period l
The ultra-violet light technology used to kill the invasive species found in ships’ ballast water tanks can be used to protect seafarers, health workers, and first-responders from picking up the coronavirus from surfaces, French BIO-UV Group claims. The company said that it was readying a surface di
French provider of UV-based water treatment technology BIO-UV Group has received IMO & USCG type approval for its next-generation low flow rate ballast water treatment system range. The BIO-SEA L Easy-to-Fit system had to undergo new type approval testing as it incorporates a completely new UV-react
Oslo-listed shipowner Stolt-Nielsen is looking for ways to cut expenditures during the pandemic and is planning to cancel scrubber retrofits on its tankers where it is possible, the company’s CEO Niels Stolt-Nielsen said. As such, the chemical carrier and tank terminal owner has identified up to $30
Houlder, a London-based design & engineering consultancy for the marine, energy and defence markets, has commenced work in partnership with PMW Technology on a study to evaluate the potential marine applications of carbon capture technology. PMW Technology is among the latest organisations to receiv
There are approximately 4,000 ships fitted or about to be fitted with a scrubber.
