In a surprising turn of events, the Supervisory Board of Belgian tanker major Euronav NV has announced the departure of CEO Hugo De Stoop with immediate effect, citing mutual agreement. The company said in a press release that the majority of the Supervisory Board supported the decision. The move co
The Philippines and Indonesia, which are home to just under 21% of the world’s crew members, are taking action to support their seafarers in developing modern skill sets as shipping decarbonizes. With 252,392 of the world’s seafarers, 13.3% of global crew members, calling the Philippines home, the c
Industry major A.P. Moller – Maersk (Maersk) has completed the divestment of Maersk Supply Service (MSS) announced two months ago. At closing, A.P. Moller Holding, the parent company of the A.P. Moller Group, will assume full ownership of MSS. Maersk Supply Service will continue trading under its cu
The International Chamber of Shipping’s (ICS) Maritime Barometer Report 2022-2023 has revealed that uncertainty over fuel availability and infrastructure puts at risk ambitions to meet decarbonisation targets, reinforcing the need for a clear plan of action to mitigate risk.
The LNG Canada project in the port of Kitimat, a joint venture of Shell, PETRONAS, PetroChina, Mitsubishi Corporation and Korea Gas Corporation, is advancing works at its tug berth facility which will support HaiSea Marine’s new fleet of electric battery-powered and low-emissions tugboats. According
Northern Lights, a joint venture (JV) of energy majors Shell, Equinor and TotalEnergies, has signed a deal that paves the way for the acceleration of the development of a commercial market for the transport and storage of CO2. Namely, the JV, which is developing a carbon capture and storage project
Qatar’s state-owned giant QatarEnergy has delivered the first liquefied natural gas (LNG) cargo paired with a Statement of Greenhouse Gas Emissions (SGE) to Singapore-based energy solutions provider Pavilion Energy.
Wind propulsion specialist Airseas has achieved an important technical milestone in the sea trials of its Seawing system by successfully validating traction flights on Louis Dreyfus Armateurs’ vessel Ville de Bordeaux. Airseas said that the company has now demonstrated that the wind propulsion syste
A maritime consortium involving NYK Line, IHI Power Systems, Nihon Shipyard, Japan Engine Corporation and Nippon Kaiji Kyokai (ClassNK) has announced that the world’s first four-stroke ammonia-fueled (NH3-fueled) engine has completed a land-based test for the stable combustion of fuel ammonia having
Wild Rose Leader, an LNG-fueled pure car and truck carrier (PCTC) owned by Japanese shipping company NYK, has taken part in the first ship-to-ship LNG bunkering operation at the port of Nagoya. Delivered in April 2023, Wild Rose Leader is NYK’s fourth LNG PCTC and the second 7,000-CEU car carrier bu
Hengli Shipbuilding (Dalian) Co., Ltd., a subsidiary of Hengli Heavy Industry Group, has announced that it has won a major newbuilding contract with Haixing Shipping, a domestic shipowner, for four 82,000 deadweight ton (DWT) bulk carriers. The company said that the order officially marks the yard’s
Maersk’s container terminal operating arm APM Terminals has pledged a €962 million ($1 billion) investment in its Brazilian operations up to 2026.
Japanese shipping company NYK has signed long-term charter contracts for four new liquefied natural gas (LNG) carriers with EnBW Energie Baden-Wuerttemberg (EnBW), a major German energy company.
Chinese shipbuilder CIMC Sinopacific Offshore & Engineering (CIMC SOE) has started building the second 7,600 cubic metre LNG bunkering ship for Canadian shipowner Seaspan. The beginning of the construction was marked with a steel-cutting ceremony on 10 May at the Chinese shipyard. The bunkering ship
