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Beihai Shipbuilding
Green Marine

VesselsValue: Tankers lead the demolition charge

Tankers took the lead in the demolition market, comprising approximately 43% of all scrapped cargo vessels in 2022, according to insights from VesselsValue. Despite this dominance, the number of tankers scrapped actually decreased by 55% YoY, dropping from 123 in 2021 to 55 in 2022. In comparison, t

about 3 years ago
Portsmouth International Port
Green Marine

Portsmouth Port powers up with solar

Portsmouth International Port has completed the installation of its new solar and battery system which is now fully operational. The system is comprised of 2,660 solar panels, providing an impressive 35% of the site’s electricity, enabling the port to move one step closer to becoming one of the UK’s

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about 3 years ago
El Musel LNG terminal welcomes first commercial ship
Green Marine

El Musel LNG terminal welcomes first commercial ship

Energy major Enagás has announced that the El Musel LNG terminal in Gijón, Spain, has received power major Endesa’s first vessel, the 180,000 m3 capacity Gaslog Warsaw, following the final technical tests required before the plant’s commercial commissioning. According to Enagás, on 31 July, followin

about 3 years ago
In focus: New fuels to speed up shift to greener energy
Green Marine

In focus: New fuels to speed up shift to greener energy

As the race to decarbonize the industry continues it’s becoming more and more evident that green fuels are essential for the much-needed energy transition and will surely play a pivotal role in the road towards net zero. Green methanol is rapidly emerging as a transformative marine fuel, leading the

about 3 years ago
Stolt-Nielsen names new CEO
Green Marine

Stolt-Nielsen names new CEO

After 23 years as Chief Executive Officer, Niels G. Stolt-Nielsen will step down from his role as CEO of Stolt-Nielsen, a Norwegian company specializing in chemical and bulk liquid transportation and storage, on September 1, 2023. He will be succeeded as CEO by Udo Lange and will assume the role of

about 3 years ago
Has the time come for ‘demolition flurry’ everyone was talking about to boost liner profits?
Green Marine

Has the time come for ‘demolition flurry’ everyone was talking about to boost liner profits?

The container shipping industry is grappling with a complex challenge – an overcapacity crisis. The surge in new containerships ordered during the pandemic, coupled with supply chain normalization at major ports and inland regions, has led to a flood of capacity that is profoundly disrupting the equ

about 3 years ago
BIMCO: Soaring containership deliveries to push fleet growth by 4.5 m TEU
Green Marine

BIMCO: Soaring containership deliveries to push fleet growth by 4.5 m TEU

Deliveries of new container ships during the first seven months of the year reached a new record high of 1.2 million TEU in 2023, beating the previous record by 0.2 million TEU, data from BIMCO shows. As recycling of ships has remained low, the fleet capacity has grown 4.3% since January. The contra

about 3 years ago
Titan Unikum
Green Marine

Titan converts newly acquired ships to LNG-bunkering vessels

Dutch bunker supplier Titan has completed the conversion of its recently acquired vessels, Titan Unikum and Titan Vision, into state-of-the-art LNG bunker vessels. The company bought the two ships at the beginning of 2023 from Canadian gas transportation company Seapeak for bunkering retrofit. Titan

about 3 years ago
ÈTA Shipping
Green Marine

Mercuria, ÈTA Shipping team up on construction of up to 16 electric ships

The global energy and commodity group, Mercuria, has partnered with maritime innovator ÈTA Shipping to establish a joint venture. This collaboration aims to build six initial electric short sea vessels, with an option for an additional ten ships. The construction of these vessels will be carried out

about 3 years ago
Proman and Origin team up on low-carbon biofuel production
Green Marine

Proman and Origin team up on low-carbon biofuel production

Methanol producer Proman and carbon-negative materials company Origin Materials have entered a strategic partnership centered on low-carbon biofuel production utilizing Origin’s technology platform and Proman’s fuels capabilities and expertise. Specifically, the two companies signed an agreement to

about 3 years ago
DHT Holdings
Green Marine

DHT Holdings fits scrubbers on entire fleet, clamps down on newbuilding pricing as ‘unjustified’

Crude oil tanker company DHT Holdings has completed the installation of three exhaust gas cleaning systems in the second quarter of 2023 and now all 23 very large crude carriers (VLCCs) in the company’s fleet are scrubber-fitted. Scrubbers, also known as exhaust gas cleaning systems, allow companies

about 3 years ago
Konecranes
Green Marine

Konecranes to provide 7 hybrid RTGs to CMA CGM Kaohsiung Terminal

Finnish crane manufacturer Konecranes has won an order from CMA CGM Kaohsiung Terminal Co. Limited to supply 7 hybrid Konecranes Noell Rubber-Tired Gantry (RTG) cranes to their container handling terminal at the main port in Taiwan. The order is part of CMA CGM Group’s efforts to streamline their op

about 3 years ago
MSC Mette
Green Marine

MSC makes waves again with a fresh order for 10 LNG-powered newbuilds

The world’s largest container shipping firm MSC has returned to Chinese shipbuilder Zhoushan Changhong International Shipyard with an order for an additional ten LNG-powered containerships. The deal will see Zhoushan Changhong International Shipyard build ten LNG-powered behemoths each boasting a 10

about 3 years ago
Hafnia's CEO Mikael Skov. Courtesy of Hafnia
Green Marine

Hafnia reveals investment in methanol-powered newbuilds backed by TotalEnergies

Singapore-based tanker owner and operator Hafnia has leaped onto the methanol bandwagon with the recent order for four 49,800 deadweight dual-fuel methanol chemical IMOII Medium-Range (MR) tankers. The deal was signed with China’s Guangzhou Shipyard International (GSI) together with Hafnia’s joint-v

about 3 years ago