Green Marine
Frontline buys six ECO VLCC newbuilds for $565.8 million
Norwegian tanker owner and operator Frontline has entered into an agreement to acquire six ECO-type VLCC newbuildings through resale. The six VLCCs are currently under construction at the Hyundai Heavy Industries shipyard in South Korea. The VLCCs are being bought for $565.8 million, including an es
Diana Shipping inks sustainability-linked loan
Greek shipping company Diana Shipping has signed a sustainability-linked loan facility with Dutch ABN AMRO Bank through six wholly-owned subsidiaries in the amount of $91 million.
New hull cleaning rules to strengthen Port of Tallinn green status
Striving to be more eco-friendly, Estonian Port of Tallinn has established new rules of cleaning and other procedures on ships’ hulls underwater surfaces which can be carried out only with the permission of the Vessel Traffic Shift Manager.
Nuclear power for shipping: X-Press Feeders invests in Core Power
X-Press Feeders, the world’s largest independent common carrier, has made an investment in Core-Power, a UK-based development company specializing in scalable atomic power technology for ocean transport and heavy industry.
Ardmore to boost tanker fleet efficiency with Lean Marine system
Swedish company Lean Marine has been contracted to install its propulsion optimization technology across the tanker fleet of Ardmore Shipping Corporation.
ITF: Emissions set to rise as transport activity doubles
Global transport activity will more than double by 2050, and traffic emissions will rise by 16% compared to 2015 – even if existing commitments to decarbonise transport are fully implemented, the International Transport Forum (ITF) predicts. According to ITF Transport Outlook 2021, any currently exp
ABP beefs up shore power plans at the Port of Southampton
Associated British Ports (ABP) plans to install a second shore power connection at the Port of Southampton as part of its partnership with Carnival UK to enable sustainable cruising. The shore power connection is set to be installed at the port’s Mayflower cruise terminal, with expected commissionin
GTT to design cryogenic fuel tanks for CMA CGM’s LNG newbuilds
French LNG containment specialist GTT has been chosen by French shipping company CMA CGM to design the cryogenic fuel tanks of 12 new LNG-fuelled container vessels.
Wind-assisted, LNG-electric containership Trade Wings 2,500 wins BV’s AiP
The 2,500 TEU vessel, which has been designed jointly by VPLP Design, Alwena Shipping, SDARI and AYRO, received an Approval in Principle (AiP) from the classification society Bureau Veritas.
Falkor joins Liquid Wind to replicate eMethanol facilities
French low-carbon investment company, Falkor, has joined forces with power-to-fuel developer, Liquid Wind to replicate eMethanol facilities in France and Southern Europe.
Port of London Authority commissions study on future energy demand
The Port of London Authority (PLA) has awarded a contract to Royal HaskoningDHV to model the future of energy demand and supply on the tidal Thames as part of its plans to become a zero-carbon port. As announced last year, the PLA last wants to achieve Net Zero by 2040, or earlier. Chief Executive R
Fincantieri expects to return to growth trajectory in 2021
The gradual resumption of cruise operations is expected to significantly ramp up ship production this year and curb the negative impact of the coronavirus pandemic on the sector, according to Italian shipbuilder Fincantieri.
Flex LNG secures charter deal for Flex Constellation
Flex LNG, a pure-play LNG carrier company, has secured a prompt time-charter deal for its LNG carrier Flex Constellation.
Nordlaks’ Bjørg Pauline completes its first LNG bunkering
Norwegian natural gas supplier Gasnor has completed bunkering of the newbuild LNG-fueled fish carrier Bjørg Pauline, owned by aquaculture group Nordlaks.