South Korea’s Ministry of Trade, Industry and Energy (MOTIE) has revealed its plans to invest KRW 710 billion ($544 million) into next-generation shipbuilding technology and carbon-free fuels.
Shipping company China Merchants Energy Shipping (CMES), part of China Merchants Group, has ordered a total of eight new vessels from China Merchants Industry.
The European Union should support entire chains such as in the port industry and logistics instead of individual projects in order to drive carbon neutrality.
Italian shipbuilder Fincantieri and the Port System Authority of the Central Adriatic Sea (ADSP) have signed a program agreement to foster the development of current infrastructure for shipbuilding at the Port of Ancona.
The new wind- and hydrogen-powered containerships that will join Viasea Shipping’s fleet will be gradually switching to zero-emission operation depending on the hydrogen availability, the Norwegian shipping line said.
Norwegian shipowner Misje Rederi has celebrated the ceremonial launch of Misje Flora, its 4th eco-friendly hybrid bulk carrier, crafted at Colombo Dockyard in Sri Lanka. According to Misje Rederi, the launch, spearheaded by the company’s CEO Roald Misje, marks a bold move in blending conventional an
Japanese firms Mitsui O.S.K Lines (MOL) and Kansai Electric Power Co. (KEPCO) have signed a service agreement to conduct feasibility research on the design of a liquefied CO2 carrier at shipyards in Japan and overseas.
South Korean shipbuilding giant HD Korea Shipbuilding & Offshore Engineering Co. (HD KSOE) has received an order to build two liquified natural gas (LNG) carriers for an undisclosed shipowner from Africa.
South Korean shipbuilding major Hanwha Ocean has secured an order worth KRW 656.2 billion (around $498 million) to construct four very large ammonia carriers (VLACs) for Greek shipowner Naftomar Shipping and Trading. According to Hanwha Ocean, each VLAC will be able to transport 93,000 cubic meters
Japanese shipping company Mitsui O.S.K. Lines (MOL) and Kyushu Electric Power Co. have revealed that LNG-powered coal carrier Reimei was delivered and started operation on November 14.
MSC Cruises, the cruise division of Swiss shipping giant MSC Group, has confirmed the order for two new LNG-powered cruise ships at French shipyard Chantiers de l’Atlantique. The ships belong to MSC Cruises’ World Class series, which includes the already-delivered MSC World Europa and MSC World Amer
Norwegian shipping company Odfjell SE has decided to expand its fleet with six newbuildings through a combination of long-term time charter and pool agreements.
UK-based small-scale LNG company Avenir LNG has informed that its chief executive officer, Peter Mackey, will be stepping down from his position. On November 13, Avenir LNG revealed this management change, explaining that Mackey will remain with the company until the end of the first quarter of 2024
After revealing plans to shift its business focus towards the LNG carrier sector, Capital Product Partners L.P. (CPLP) has now entered into an agreement to acquire eleven newbuild LNG carriers for a total price of $3.1 billion. On November 13, CPLP said it had entered into an umbrella agreement with
