Hong Kong-based shipowner Seaspan has taken delivery of the fifth 15,000 TEU containership powered by liquified natural gas (LNG) from South Korean shipbuilding company Samsung Heavy Industries (SHI).
The financial cost of building an ammonia-powered gas carrier is poised to outstrip that of an equivalent gas carrier by a staggering 50 to 130 percent over the forthcoming years. The estimate builds upon findings from interviews with actors across the ship finance space including banks, funds, priv
Hamburg-based asset and investment manager MPC Capital AG has held a christening ceremony for two green methanol-ready containerships at renowned shipyard HJ Shipbuilding & Construction.
The fervent contest to secure ownership of South Korea’s premier shipping enterprise, HMM Co., has recently taken a compelling turn with the entry of Hapag-Lloyd AG, Germany’s foremost container shipping powerhouse. Hapag-Lloyd, Germany’s most prominent and the fifth largest global player, stood as
Finnish technology group Wärtsilä will supply the LNG Fuel Gas Supply (FGSS) systems for four new 23,000 TEU containerships being built for France-based shipping giant CMA CGM at the Hudong Zhonghua Shipbuilding yard in China.
Hanwha Ocean has selected Norway-based TMC Compressors to deliver the complete marine compressed air system to six LNG carriers the Korean shipbuilder will deliver to Mitsui OSK Lines (MOL).
An impressive majority of 68 percent of Finnish maritime respondents who participated in a recent survey have expressed their willingness to pay more money in exchange for emission reduction on their travels. The EPSI Rating’s Passenger Transport 2023 survey examined the customer experience and cust
German shipping company E&S Tankers has taken delivery of the first of four of its 6,600 dwt duplex, stainless steel LNG dual-fuel chemical tankers Liselotte Esseberger. “So pleased to take delivery of our first newbuilding, Liselotte Essberger, and rest assure that she is the first of many new vess
McDermott’s unit CB&I has obtained approval in principle (AiP) from classification society DNV for its design of a liquid hydrogen (LH2) cargo containment system for gas carriers. CB&I developed the containment system in collaboration with Shell International Trading and Shipping Company Limited. Th
Prominent American financial institution JP Morgan has placed an order for two advanced dual-fuel methanol carriers with China’s Guangzhou Shipbuilding International (GSI). The two methanol-powered product tankers each boast a capacity of 50,000 deadweight tons (dwt), according to the data from Athe
Classification society DNV has issued an approval in principle (AiP) to MISC Berhad and Samsung Heavy Industries (SHI) for their floating CO2 storage unit (FCSU) that aims to enhance the efficiency of the carbon capture and storage (CCS) value chain within the maritime industry. MISC and SHI jointly
Tel Aviv-based maritime technology company Orca AI has revealed that it will participate in the second development stage of the MEGURI2040 full autonomous ship project administered by Japan’s Nippon Foundation.
Finnish marine technology supplier Wärtsilä and Swedish shipping company Furetank are co-developing and testing two technologies showing the potential to halve the methane slip of LNG-fueled ships. Methane slip on LNG-powered vessels refers to the unintentional release of methane, a potent greenhous
The Port Authority of Valencia (APV) has revealed that 42 private companies have voluntarily aligned themselves with the environmental strategy “Valenciaport 2030 Zero Emissions”.
