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Svanehøj hits record in orders due to LNG-fueled newbuilds increase
Green Marine

ITT set to acquire Danish pump specialist Svanehøj

Danish marine pump specialist Svanehøj Group revealed that it is being acquired by ITT Inc., a U.S.-based multi-industrial company, which is expanding its presence in the growing market for liquefied gas. Svanehøj specializes in the supply of marine fuel and cargo pumps, along with LNG/LPG tank gaug

about 3 years ago
HHLA
Green Marine

HHLA: Boards greenlight takeover offer by MSC

The Executive Board and the Supervisory Board of HHLA are recommending the shareholders to accept the MSC offer.

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about 3 years ago
P&O Maritime Logistics,
Green Marine

P&O Maritime Logistics: We are assessing a diverse array of fuels

In today’s rapidly evolving landscape, it is no longer a question of whether to decarbonize, but rather how to do it effectively and strategically. The imperative to reduce carbon emissions and embrace sustainability has become an indisputable reality for businesses across industries. The focus has

about 3 years ago
Wärtsilä
Green Marine

Wärtsilä reshuffles organization, discontinuing Marine Systems

Finnish technology group Wärtsilä revealed plans to further streamline its marine business portfolio by divesting its Gas Solutions business unit.

about 3 years ago
ONE Parana
Green Marine

ONE wraps up stake acquisition in US West Coast and Rotterdam terminals

Singapore-based container shipping company Ocean Network Express (ONE) has completed the acquisition of a 51% stake in TraPac LLC and Yusen Terminals LLC on the US West Coast, and a 20% stake in Rotterdam World Gateway (RWG), after clearing all regulatory hurdles. The move is being pursued as ONE wo

about 3 years ago
Maersk
Green Marine

Maersk reveals 10,000 job cuts amidst profit plunge and industry’s ‘new normal’

Danish container shipping giant A.P. Moller-Maersk unveiled this morning a further downturn in both profit and revenue, resulting in a decision to cut 10,000 jobs as a response to the ongoing challenges of declining freight rates and lackluster demand within the container shipping industry. Despite

about 3 years ago
Team Electric
Green Marine

Team Electric services picked for Polish hybrid ferries project

Team Electric has signed an agreement with Remontowa Shiprepair Yard to provide services for three Polsteam hybrid dual-fuel Ro-Paxes.

about 3 years ago
DAI to collaborate with Siemens Energy on green ammonia project in Egypt
Green Marine

DAI to collaborate with Siemens Energy on green ammonia project in Egypt

Following last year’s memorandum of understanding (MoU) with Suez Canal Economic Zone (SCZONE), German company DAI Infrastruktur has now joined forces with compatriot technology major Siemens Energy to develop its green ammonia project in East Port Said, Egypt. On October 30, 2023, DAI signed an MoU

about 3 years ago
Yara Eyde
Green Marine

In focus: Major renewable energy, clean fuel updates from the Nordic region

Major energy transition-related updates came from Nordic countries this week. An energy island for large-scale green hydrogen and offshore wind production has been proposed in Åland (Finland). Denmark has just selected winners of its first Power-to-X tender. The first containership to be powered by

about 3 years ago
Methanol
Green Marine

14 methanol-powered ships ordered in October

A total of 14 orders for methanol-powered ships were recorded in October as demand for alternative fuels in the maritime industry continues to rise in line with the ever-stringent regulatory landscape, data from DNV’s Alternative Fuel Insights (AFI) database shows. Some of the most recent orders saw

about 3 years ago
Aasen Shipping orders three hybrid methanol-ready ships at Royal Bodewes
Green Marine

Aasen Shipping orders three hybrid methanol-ready ships at Royal Bodewes

Norwegian shipping company Aasen Shipping has placed an order for three new hybrid-powered methanol-ready self-dischargers.

about 3 years ago
Value Maritime
Green Marine

Value Maritime inks first CCS review and approval for 4 new boxships

Dutch maritime technology company Value Maritime has signed its first CO2 capture and storage (CCS) review and approval for four newbuild container vessels with the US-based classification society the American Bureau of Shipping (ABS).

about 3 years ago
Yara Eyde
Green Marine

‘World’s 1st’ ammonia-powered containership set to debut in 2026, Yara says

Yara Eyde, which has been described as the world’s first containership to be powered by pure ammonia as fuel, is scheduled to enter the market in 2026, according to its developers. The vessel is being developed by ammonia producer and shipowner Yara Clean Ammonia and the Norwegian container operator

about 3 years ago
Tanger Med and Port Said included in EU ETS directive
Green Marine

Tanger Med and Port Said included in EU ETS directive

The European Commission has included Tanger Med and Port Said, two pivotal transshipment hubs, in the European Union’s (EU) revamped carbon pricing regime for ships. This latest update, however, brings a marked change in the way emissions are assessed, and it extends its reach beyond EU borders, her

about 3 years ago