Veson Nautical, a London-based provider of maritime freight management solutions, has revealed plans to acquire vessel valuation provider VesselsValue. VesselsValue was founded in 2011 and is considered the market standard for daily updated, automated, vessel-specific valuations. VesselsValue is a d
Shell Marine and Hamburg Port Authority (HPA) have signed an MSP Memorandum of Strategic Partnership (MSP) to explore decarbonizing ports through areas such as vessel electrification and the development of charging networks.
The Sustainable Hydrogen Powered Shipping Project (sHYpS), which is centred around the idea of developing a liquid hydrogen (LH2) swappable storage solution for multiple types of vessels, is gaining ground. Launched in the summer of 2022, the sHYpS project gathers 13 partners in six countries with a
In 2021, LNG was the most popular alternative fuel considered by shipowners for use in the (then) next five years; twice as many as those who said they were considering biofuels. That position has now virtually reversed, with biofuels at the same level of response as LNG in 2021 while LNG has fallen
One Sea Association and the European Space Agency (ESA) have signed a Memorandum of Intent (MoI) to promote the development of new space-enabled services which will support the maritime sector’s transition towards autonomous shipping.
Singapore’s Sembcorp Marine has initiated a recruitment process for a new head of finance as the current Group Finance Director William Goh Khor Boon announced his resignation. Goh, who has held the position since May 2017, heads the company’s finance function and investor relations and corporate co
Norwegian Pascal Technologies, formerly SES-X Marine Technologies, has secured NOK 53 million (around $5 million) for the development of its long-range electric boats.
The maritime industry has a better idea of the trade-offs necessary to achieve net zero, although most of the practical work still lies ahead, and regulatory and technology uncertainties remain, a recent survey conducted by the London-based law firm Watson Farley & Williams (WFW) shows. ‘The Sustain
Tech giant Microsoft, together with companies Hafnia, DNV, Wilhelmsen and IMC Ventures, has created a new digital venture studio, Studio 30 50.
Greek shipowner and operator Euroseas has taken delivery of its M/V Gregos, an eco 2,800 TEU feeder containership newbuilding from Hyundai Mipo Dockyard Co. in South Korea. The vessel is EEDI Phase 3 compliant and equipped with a Tier III engine and other sustainability-linked features including alt
Global Energy, an LNG carrier owned by Qatari LNG shipping operator Nakilat, has wrapped up its first commercial ship-to-ship transfer of LNG. In a brief social media update on 10 April, Nakilat said that Global Energy completed the operation with BW Helios, an LNG carrier owned by BW LNG, in Linggi
South Korean shipbuilder Hyundai Samho Shipyard hosted a naming ceremony today for Sonangol Kulumbimbi, a Suezmax tanker built for Sonangol Shipping Holding Limited, part of Angola’s state-controlled oil company Sonangol EP. The vessel is the first of two crude oil tankers Hyundai Samho is building
Japanese shipowner Kumiai Senpaku has inked a construction deal with China’s CSSC Chengxi Shipbuilding and CITIC Financial Leasing involving a total of eleven ships. The deal comprises ten 84.500 dwt multiprupose cargo ships and one 17,000 dwt asphalt carrier. CSSC Chengxi Shipbuilding said that the
BW Batangas, a floating storage and regasification unit (FSRU) owned by BW LNG, is getting ready to start its deployment with First Gen Corporation’s Batangas LNG import terminal in the Philippines. According to a social media update from BW LNG, a unit of the Singapore-based gas shipping giant BW G
