South Korea’s flagship carrier HMM has signed a new shipbuilding order with China State Shipbuilding Corporation’s subsidiary Huangpu Wenchong for four 38,000-ton multi-purpose heavy-lift ships. Designed by the Shanghai Merchant Ship Design and Research Institute (SDARI), the vessels will be equippe
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
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
Greek shipowner and operator Eruoseas has taken delivery of its second eco newbuild, M/V Terataki, from Hyundai Mipo Dockyard Co. in South Korea. The M/V Terataki, classified as a 2,800 TEU feeder containership, is compliant with the Energy Efficiency Existing Ship Index (EEDI) Phase 3 standards on
Swiss marine fuel supplier Minerva Bunkering has expanded its Saudi Arabia Red Sea operations to serve vessels calling King Abdullah Port, having now performed the first bunker delivery ever conducted in the port.
UK’s independent bulk liquid storage provider Stanlow Terminals and Eni UK, UK’s subsidiary of global energy company Eni, have signed a Memorandum of Understanding (MoU) to explore the development of carbon dioxide (CO2) collection, shipping, and storage at the Stanlow Terminal location.
Spanish multinational oil and gas company CEPSA has been contracted to supply second-generation (2G) biofuel for Naviera Armas Trasmediterránea ferries.
In the bidding for the batch tugboat construction project of Sinopec Shengli Oilfield Branch, Tongfang Jiangxin Shipbuilding won the 2023 Shengli Oilfield Offshore Oil Ship Center 4 A 5000 HP full-turn tugboat construction project contract. According to the China Association of the National Shipbuil
Chinese shipbuilder Hudong-Zhonghua Shipbuilding has started construction of the first LNG carrier for compatriot COSCO Shipping Energy and Sinochem Petroleum. According to the shipbuilder’s statement, the construction of the 174,000 m3 LNG carrier began on 8 August at the Changxing Shipbuilding Bas
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
China State Shipbuilding Corporation’s Wuchang Shipbuilding has inked a construction contract for two stainless steel chemical tankers, each weighing 25,900 deadweight tons, with Xingtong Shipping Co., a prominent name in the chemical tanker domain in China. The agreement marks an initial partnershi
US Department of Energy’s largest multidisciplinary laboratory Oak Ridge National Laboratory (ORNL) and American manufacturing company Fairbanks Morse Defense (FMD) have signed a Memorandum of Understanding (MOU) to collaborate on the development and integration of alternative fuel technologies aime
Florida-based marine company Crowley and the Port of San Diego broke ground for the shoreside charging station designed to provide clean energy for the company’s forth-coming zero-emissions tugboat, eWolf. The eWolf, under continuing construction at Master Boat Builders, is a crucial component of th
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
