Closing an exception year, Israeli container shipping heavyweight ZIM is bullish on the outlook, especially as it starts to welcome LNG-powered newbuilds into the fleet. The company reported total revenues for the full year of 2022 worth $12.56 billion, compared to $10.73 billion for 2021, primarily
Monaco-based company Scorpio Tankers has given the notice to exercise its purchase options on six product tankers.
In a push to decarbonise operations at its facilities, California’s Port of Oakland, the fifth busiest container port in the US, has approved an environmental ordinance calling for its seaport tenants to develop a plan to reach zero emissions from cargo handling operations. The Oakland Board of Port
Germany-based engine manufacturer MAN Energy Solutions has obtained Approval in Principle (AiP) from the Italian classification society RINA for its methanol-ready MAN L/V 32/44CR engine. The AiP covers an upgrade concept for the four-stroke engine for conversion to dual-fuel running on methanol, MA
In early March, Japanese shipping major NYK sent one of its vessels to PHP Ship Recycling Facility in Bangladesh for green recycling. The company said that PHP Ship Recycling Facility, which is a ship-recycling facility operated by PHP Ship Breaking and Recycling Industries Ltd., has become the firs
Florida’s Port Everglades has won a $32 million grant to mitigate environmental threats from flooding and sea level rise and ensure continued access for marine vessels. The grant is part of more than $275 million for resilience projects issued by the Florida Department of Environmental Protection, t
GAZ-SYSTEM’s Terminal LNG in Świnoujście, Poland, has seen the first delivery of LNG by the Lech Kaczyński, the first LNG carrier built for exclusive use by ORLEN Group and named after former president Lech Kaczyński. The ship was built by Hyundai Heavy Industries, and the ORLEN Group said it will u
Finnish technology company Wärtsilä has signed a five-year optimised maintenance agreement with National Petroleum Construction Company (NPCC), a subsidiary of National Marine Dredging Group (NMDC Group).
Japanese shipping company NYK has welcomed a new coal carrier that is nder a long-term transport contract with Chugoku Electric Power (EnerGia).
Guangzhou Shipbuilding International (GSI), a subsidiary of state-owned China State Shipbuilding Corporation (CSSC), has signed a contract with Guangzhou Yuanhai Car Carrier Transportation, COSCO Shipping’s joint venture, to build three 7,000 CEU pure car truck carriers (PCTCs). The dual-fuel car ca
Carbon capture and storage (CCS) projects are increasingly gaining more prominence in the race to make the world cleaner and more sustainable, driven by the interest from some of the most important offshore energy players.
The American Association of Port Authorities (AAPA) dismissed fears regarding potential security threats from cranes sourced from China caused by media reports that the cranes might be used for spying. “There have been no known security breaches as the result of any cranes at U.S. ports, despite ala
Taiwanese shipping company Wan Hai Lines has taken delivery of a 13,100 TEU containership from South Korean shipbuilder Hyundai Heavy Industries (HHI).
S.N. Corporation’s Unit-02 ship recycling yard at Shitalpur, Sitakunda in Bangladesh has been certified as compliant with the International Maritime Organization’s (IMO) guidelines for the Hong Kong Convention (HKC) on sustainable ship recycling. The certification process was undertaken by the Japan
