According to the latest data from DNV’s Alternative Fuel Insights (AFI) database, the month of July saw the addition of 14 LNG-fueled ships. Still, the real star of the show was methanol, with a staggering 48 methanol-fueled ships, including retrofits, joining the ranks. The July orders have pushed
As the demand in the container shipping sector normalizes after a massive surge during COVID-19, the industry majors are reporting lower earnings and bracing for the upcoming period trying to keep discipline in Capex spending. Industry major Maersk reported a better-than-anticipated quarterly profit
In the midst of a thriving shipbuilding upcycle fueled by the global decarbonization drive, Singapore-listed shipbuilder Yangzijiang Shipbuilding has secured a staggering $5.76 billion worth of orders for 72 vessels in the first half of 2023. The strong demand for clean energy vessels has been a sig
Our news this week reflect the increasing activities in vessel decarbonisation and emission cutting in the oil and gas sector as offshore renewable energy continues to broaden both its geographical and technological reach and green hydrogen attracts new firm commitments. With new, more ambitious cor
French telecommunications corporation Orange has taken delivery of its new cable laying and repair vessel (CLRV), said to be designed for the maintenance of cables for offshore wind projects. The vessel, named Sophie Germain after the pioneering French mathematician and philosopher, is currently on
The freighter Fremantle Highway has successfully arrived at the quay in Eemshaven, putting an end to its tumultuous journey after experiencing a fire onboard on July 25. The tug trip to the harbor was executed flawlessly, with no reported issues or complications. The journey of the fire-damaged frei
The world’s largest LNG bunkering ship Hai Yang Shi You 301 (Offshore Oil 301) has completed its first ship-to-ship bunkering operation involving a very large crude carrier (VLCC) at the anchorage of Guangzhou Port. The 8.5-hour operation saw Offshore Oil 301 provide the 320,000-ton dual-fuel tanke
Operations at the Port of Gibraltar have ground to a halt following a bunker fuel spill from a ship anchored in the Bay of Gibraltar. The spill occurred during a ship-to-ship refueling operation involving the Panama-flagged LPG tanker Gas Venus, at approximately 8:22 a.m. on Tuesday morning. As info
MSC Mediterranean Shipping Company has joined SEA-LNG, the multi-sector industry coalition established to demonstrate the benefits of the LNG pathway as a route to shipping’s decarbonization. In recent years, MSC has made investments in LNG-fuelled vessels in the different sectors it operates. In 20
After several days of deliberation, it has been concluded that Eemshaven will serve as the designated Port of Refuge for the distressed freighter Fremantle Highway. The decision was made by the Dutch Ministry of Infrastructure & Water Management as Eemshaven is the most suitable port due to its clos
SEA-KIT International’s uncrewed surface vessel (USV) destined for Fugro has completed sea and endurance trials and will soon leave for the Dutch company’s UK office. SEA-KIT reported on 3 August that its latest X-Class USV for Fugro had undergone comprehensive sea and endurance trials and is soon s
German shipowner Vega-Reederei has placed an order for ten diesel-electric coasters at Chinese Sinomach Group, a state-owned manufacturing group.
Belgian tanker shipping major Euronav has received a commitment of $190.5 million to finance four newbuildings entering service in 2023 as part of the company’s latest sustainability-linked financing. Euronav has been working on its sustainability-linked financing since 2020, when it started convert
Japanese shipping company Mitsui O.S.K. Lines (MOL) is advancing its Wind Hunter project with the initiative to develop a pure water production system for hydrogen generation. MOL’s Wind Hunter project aims to harness offshore wind energy to produce hydrogen from water onboard and convert it into pr
