Belgian tanker shipping company Euronav believes that the recent request from its shareholder Compagnie Maritime Belge (CMB) to replace the entire Supervisory Board is not a good idea. CMB’s request came on the back of the fallout between Euronav and John Fredriksen’s Frontline on the planned mega-m
The European Union has rolled out A Green Deal Industrial Plan for the Net-Zero Age, which is being described as the EU version of the US Inflation Reduction Act. The plan aims to provide a more supportive environment for the scaling up of the EU’s manufacturing capacity for the net-zero technologie
Greece-based ship management company Capital Ship Management (Capital) has taken delivery of the newbuild 50,000 dwt chemical/product medium-range (MR) tanker with LNG fuel-ready propulsion. On 27 January, Capital said it took delivery of the vessel named M/T Alkiviadis from Hyundai Vietnam Shipyard
Dutch fuel producer OCI N.V. (OCI) has joined forces with compatriot barge operator Unibarge to develop Europe’s first dual-fuel bunker barge powered by green methanol.
South Korean shipbuilding major Korea Shipbuilding & Offshore Engineering (KSOE) has won an order for the construction of twelve very large container ships from an unnamed European shipping company. The vessels will be built by KSOE’s subsidiary Hyundai Samho Heavy Industries and the contract is wor
Groningen-based shipping company ForestWave has completed the acquisition of Symphony Shipping and its fleet of eight Ecobox vessels. The transaction pushes its owned fleet to 24 units with a total of 248.197 dwat, including three newbuilding vessels that will be delivered in the next two years. One
In its latest report, technology company IDTechEx has forecasted accelerated adoption of green fuel cells, notably hydrogen fuel cells, in marine markets. The maritime sector, which accounts for approximately 2.9% of global carbon emissions, is seeking to meet broader climate goals such as the Paris
Chinese shipbuilder Jiangsu New Yangzi Shipbuilding has delivered Maersk Biscayne to Japanese Lepta Shipping, a joint venture between Nissen Kaiun and Mitsui & Co. The 3,500 TEU newbuilding containership is intended for a charter for Danish container shipping major Maersk. The vessel is believed to
Having aced its sea trials, Lady Maria Fisher, the second LNG dual-fuel tanker built for British marine engineering services provider James Fisher, has been delivered to its owner. The 6,000dwt LNG dual-fuel vessel was built by China Merchants Jinling (CMJL) shipyard in Yangzhou, China, and it was d
From the summer of 2023, the Port of Rotterdam, Europe’s top bunkering port, will provide methanol bunkering to sea-going vessels on a regular basis. Last year saw several sea-going ships bunker methanol at the port, the port figures show, resulting in a total of 1,500 tons of methanol sold in 2022.
Low and zero-emission fuels supplier Titan has acquired two small-scale liquefied natural gas (LNG) carriers from Canadian gas transportation company Seapeak for bunkering retrofit. Titan plans to retrofit the vessels – Seapeak Unikum and Seapeak Vision – to ensure suitable LNG bunkering capabilitie
The Finnish Climate Fund, a state-owned special assignment firm, will provide a capital loan of up to €10 million euros to rotor sail manufacturer Norsepower for increasing its production capacity. The capital loan comes with a market-based interest rate determined according to the risks of the proj
Gaslog Partners, an international owner and operator of liquefied natural gas (LNG) carriers, has secured time charter agreements with several companies for its vessels. In its financial report which includes a three-month period and the year ended 31 December 2022, the partnership highlighted chart
Swiss marine power company WinGD and Belgian shipping and cleantech group CMB.TECH have signed an agreement on the development of ammonia-fuelled two-stroke engines. The companies aim to install the ammonia dual-fuel X72DF engine on a series of ten x 210,000 DWT bulk carriers to be built at a Chines
