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One of Shell-managed LNG carriers; Source: Shell

Green Marine

Shell joins BP and numerous shipping giants in putting all Red Sea shipments on ice as vessel attacks escalate

Shell is the latest firm in a long line of companies, which decided to steer clear of the Red Sea shipping route in response to rising Houthi vessel attacks.

about 2 years ago

Green Marine

AD Ports, CMA CGM, and Ecocean to breathe new life into Khalifa Port

UAE-based port operator AD Ports Group has teamed up with French shipping major CMA CGM Group and Ecocean, an innovative company serving aquatic biodiversity, on a scientific cooperation journey. The alliance aims to breathe new life into Khalifa Port through the installation of 48 Biohuts, creating

about 2 years ago

Green Marine

Eagle’s bulker hit by ‘projectile’, crew uninjured as Red Sea situation continues to escalate

Eagle Bulk Shipping’s bulker MV Gibraltar Eagle is the latest commercial vessel to be targeted by the Houthis in the Red Sea as tensions in the region escalate following U.S. and U.K.-led airstrikes on Houthi’s positions in Yemen. The Conneticut-based dry bulk shipping major confirmed the attack in

about 2 years ago

Green Marine

Clarksons forecasts 40 million CGT output for 2024-2025 after record year for car carriers

As the maritime industry charts a course for robust growth, Clarksons Shipbroking foresees a substantial increase in global shipbuilding activities, primarily driven by the growth in South Korean output. Clarksons’ estimations project a noteworthy 40 million compensated gross tonnage (CGT) output fo

about 2 years ago

Green Marine

HD KSOE resumes winning streak with order for VLGC pair

In a remarkable start to the new year, HD Korea Shipbuilding & Offshore Engineering Co. (HD KSOE) has reaffirmed its industry dominance by securing an order for the construction of two Very Large Gas Carrier (VLGC) ships. The undisclosed shipping company based in the Middle East placed the order, va

about 2 years ago

Illustration; Image: Saad Sherida al-Kaabi,Minister of Energy in Qatar, and the President and CEO of QatarEnergy/Courtesy of QatarEnergy

Green Marine

QatarEnergy linked to $2.4 billion deal for 8 Q-Max LNG carriers, set to be world’s largest

Qatar’s LNG heavyweight QatarEnergy has sealed a contract with Chinese shipbuilder CSSC Hudong Zhonghua shipbuilding for the construction of eight Q-Max ultra-large LNG carriers, according to broker reports. Valued at over $2.4 billion, these cutting-edge vessels, part of QatarEnergy’s “Hundred Ship

about 2 years ago

Green Marine

ICCT: Liquified gas tankers to blame for 82% of shipping’s methane emissions in 2021

In 2021, an overwhelming 82 percent of methane emissions from international shipping could be traced back to liquefied gas tankers, primarily LNG carriers, according to the International Council on Clean Transportation (ICCT). The data is derived from an analysis conducted using the ICCT’s Systemati

about 2 years ago

Green Marine

Oil tanker boarded near Oman

An oil tanker was boarded by unidentified armed individuals in military uniforms early this morning, some 50 nautical miles east of Sohar, Oman, the United Kingdom Maritime Trade Operations (UKMTO) said. Upon boarding, the vessel has reportedly altered course toward Iranian territorial waters and co

about 2 years ago

Green Marine

UN adopts resolution demanding immediate halt to Houthi attacks in the Red Sea

Following what has been described as the ‘largest Houthi drone attack’ in the Red Sea on January 9, the U.N. Security Council adopted a resolution demanding that the Houthis immediately cease all attacks on merchant and commercial vessels. At least 21 missiles and drones were launched toward interna

about 2 years ago

Green Marine

UAE bans Cameroon-flagged ships: Is this a clampdown on illegal activities of Russia’s ghost fleet?

The United Arab Emirates (UAE) has banned vessels flying the flag of the Republic of Cameroon from calling UAE waters and ports.

about 2 years ago

Green Marine

BIMCO: 2024 brings a whopping 41% surge in containership deliveries, beating 2023 record

In 2023, global shipyards delivered 350 new containerships with a total capacity of 2.2 million TEU, beating the previous record from 2015 when 1.7 million TEU was delivered. The 2023 record is now likely to be beaten already in 2024, BIMCO announced. As 2023 saw a relatively low level of container

about 2 years ago

Green Marine

DNV: Orders for alternative-fueled vessels grow, methanol in spotlight

According to the latest stats from DNV’s Alternative Fuels Insight (AFI) platform, a total of 298 ships with alternative fuel propulsion were ordered in 2023, with methanol going mainstream. The classification society revealed that by a small margin, methanol proved the most popular alternative fuel

about 2 years ago

Green Marine

Nakilat books LNG and LPG carriers at Hyundai Samho in fleet expansion move

Qatari LNG shipping operator Nakilat has placed orders at South Korean Hyundai Samho Heavy Industries (HSHI) for the construction of six vessels – two LNG carriers and four very large LPG/ammonia carriers – as part of its strategic shipping expansion. The order was revealed on January 9, 2024. It in

about 2 years ago

Green Marine

Clarksons: 2023 a positive year for shipping as China delivers 50% of shipbuilding output

Seaborne trade has witnessed a notable uptick in 2023, registering a 3% increase to a $12.4 billion, according to data from Clarksons Research. The global maritime landscape further unveils a 3% growth in the world fleet, reaching an 2.3 billion deadweight tons (dwt). Despite this expansion, the new

about 2 years ago