Japanese shipping major Mitsui O.S.K. Lines (MOL) has signed a basic agreement with compatriot Mitsubishi Gas Chemical Company for a long-term charter of a dual-fuel methanol carrier.
South Korean shipbuilder Hyundai Mipo Dockyard Co. has secured a lucrative order worth 117.3 billion won ($87.6 million) to construct two product carriers for an unnamed African shipper. According to a regulatory filing from today, Hyundai Mipo Dockyard will construct these petrochemical product-car
The world’s largest container shipping company Mediterranean Shipping Company (MSC) has signed a Memorandum of Understanding (Mou) with Lloyd’s Register (LR), Shanghai Merchant Ship Design & Research Institute (SDARI) and MAN Energy Solutions (MAN-ES) for a design for the ammonia dual-fuel operation
The International Maritime Organization (IMO) International Day for Women in Maritime is celebrated annually on the 18th of May and aims to honour women in the industry and encourage recruitment, retention and continued employment in the sector. This is the second International Day for Women in Mari
In a groundbreaking milestone for the global shipping industry, Mediterranean Shipping Company (MSC) has emerged as the first ocean carrier to surpass a staggering 5 million TEU (twenty-foot equivalent units) in fleet capacity, as confirmed by analysts at Alphaliner. The impressive feat highlights M
HaiSea Wamis, the world’s first fully electric harbour tugboat, has left Sanmar Shipyards, Turkey, and is now on its way to Seaspan in Vancouver, Canada. Shipping company Seaspan announced the news on its social media, informing that the tugboat left Sanmar late last week. Seaspan noted that the Hai
Artificial Intelligence and the advent of automated ships will pose difficult questions in determining liability under the Hague Rules for maritime casualties, the 2022-2023 chairman of the Association of Average Adjusters, Sir Nigel Teare, cautions. Sir Nigel drew attention to a recent case involvi
French activist shipping company Windcoop and offshore sailing team and sustainability platform Team Malizia have joined forces to promote wind technology for a carbon-neutral future in maritime transportation.
Taiwanese shipping company Wan Hai Lines has held a ship naming ceremony for its eco-friendly 3,013 TEU containership.
bound4blue, a developer of wind-assisted propulsion technology, and Oceanking, a Greece-based provider of marine technology solutions, have formed a partnership to jointly expand access to the eSAIL technology in Greece and Cyprus. bound4blue’s eSAIL is a wind-assisted propulsion system known as a s
Svitzer, a towage provider and part of A.P. Moller-Maersk, has awarded a contract to Uzmar Shipyard to build two new TRAnsverse tugs for its Australian business. According to Svitzer, the TRAnsverse tugs, created in collaboration with Robert Allan Ltd., deliver an estimated 10-15% reduction in fuel
Dutch energy storage systems provider EST-Floattech has been awarded a contract to provide Octopus Series battery system for a new electric fast ferry built for German Ferry operator AG Reederei Norden-Frisia.
Bangladesh is expected to ratify the Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships, commonly known as the Hong Kong Convention, in the next few weeks. The decision was confirmed by the Bangladesh Government during a visit to the country by Norwegian aut
Investment in decarbonization for a shipping company may appear counterintuitive to its profitability due to several factors. Firstly, the upfront costs of transitioning to low-carbon technologies, such as investing in eco-friendly vessels or retrofitting existing ones, can be substantial. These exp
