Taiwan-based dry bulk shipowner Wisdom Marine and Singapore-based ship management company Synergy Group have launched a strategic bulk carrier joint venture.
For the past month, Color Line’s two passenger ferries, linking Denmark and Norway, have been fueled exclusively with B100 biofuel, supplied and managed by marine fuel supplier Bunker One. Bunker One has supplied B100 biofuel to Color Line’s SuperSpeed 1 and 2 ferries travelling between Hirtshals in
“Catalytic ceramic membrane reactors allow us to generate hydrogen offshore via methanol-reforming or ammonia cracking and promote its application as a fuel,” said Mohit Jain, Research Associate at German Fraunhofer Institute for Ceramic Technologies and Systems (IKTS). At the Offshore Energy Exhibi
Shanghai-listed China COSCO Shipping Energy Transportation has finalized strategic shipbuilding contracts for six new tankers worth a total of $449 million ( approximately RMB 2.9 billion). Hainan COSCO Shipping Energy, the company’s subsidiary, signed contracts with Yangzhou COSCO Shipping Heavy In
The renewal of the global shipping fleet made a significant stride in 2023, with a total of 539 ships, equivalent to 45% of all newbuild orders placed last year by gross tonnage, being capable of running on alternative fuels, Clarksons Research said. “2023 was a hugely significant year in the shippi
Noatum Terminals, the terminals operations business of Noatum Group, has acquired 100% ownership of APM Terminals Castellón in Spain for a total purchase consideration of € 10 million. The agreement, which was reached with APM Terminals, has obtained all regulatory and stakeholder approvals and the
Oil prices have now settled down, but is this just the calm before the storm or will prices remain stable without further spikes?
China’s Wison Offshore & Marine has changed its name to Wison New Energies to “better represent” the company’s commitment to providing low-carbon technologies and solutions. Wison said the name change reflects the company’s vision about energy challenges and how to address them, adding that from the
French maritime firm Louis Dreyfus Armateurs (LDA) has inked a construction contract with Chinese CSSC Wuchang Shipbuilding Industry Group for three low-emission roll-on /roll-off vessels supported by wind-assisted propulsion. The construction of the vessels has been commissioned by Airbus as part o
In the wake of the latest incident involving Maersk’s containership Maersk Hangzhou, the global liner major has decided to halt all transits through the Red Sea and Gulf of Aden until further notice. Just days after announcing its gradual return to the Red Sea, Maersk Hangzhou was targeted by a miss
In the maritime realm, 2023 has been a year marked by transformative projects and announcements, on both the regulatory side, ship designing, and shipbuilding front as well as demand signals for the production of alternative fuels. Amidst geopolitical turbulences in the Middle East, the ongoing conf
Nearly 800MtCO2 can be reduced by progressively switching to steel with lower embodied CO₂ emissions, equivalent to one year of international shipping’s operational emissions, a new analysis by UMAS and Lloyd’s Register Maritime Decarbonisation Hub shows.
South Korean shipbuilder Samsung Heavy Industries (SHI) has ceased the production of blocks and equipment for 10 out of the 15 Arctic LNG carriers contracted with Zvezda, Reuters reported. While Samsung has been delivering these components for five of the vessels to Zvezda, following approval from t
Following the global energy crisis in 2022, energy security reigned supreme on countries’ energy agendas during 2023.
