Green Marine
UK gov’t launches bidding process for Freeports
The UK government has launched the bidding process for the first seven Freeports in England.
DSME wins $652 million deal to build 6 ULCVs
South Korean shipbuilding major Daewoo Shipbuilding and Marine Engineering (DSME) has inked a deal to build six containerships for an undisclosed European shipowner. The contract is worth $652 million (KRW 722.6 billion), the shipbuilder disclosed in a regulatory filing. The containerships are sched
Fincantieri points to Q3 production recovery in an unprecedented year
Italian shipbuilder Fincantieri reported a 16% drop in revenues for the first nine months of 2020 reaching €3.53 billion, considerably impacted by the Covid-19 outbreak. The shipbuilder’s EBITDA stood at €200 million, down from €306 million reported in the same period in 2019, with an EBITDA margin
Cargo ship catches fire off Greek coast, crew evacuated
A fire broke out on board a Togo-flagged general cargo vessel which was moored near Elafonissos, Greece, the Hellenic Coast Guard said.
Capital Gas takes delivery of LNG newbuild
Greek shipping company Capital Gas, a unit of Capital Maritime Group took delivery of its newbuild LNG carrier Aristos I.
Kongsberg sees growth in shuttle tanker business despite pandemic
During 2020, Norway-based marine technology company Kongsberg Maritime won contracts for twelve of its shuttle tanker concepts, with a value totalling over NOK 400 million ($43.7 million).
Moody’s: Shipping to end 2020 better than expected
The rating agency Moody’s has revised its outlook for the shipping industry from negative to stable as the sector outperformed the agency’s projections for this year. The rating agency said the outlook for the global shipping industry had been negative since March 2020 coinciding with the impact of
AIDAnova on track to get its methanol-operated fuel cell in 2021
The methanol-operated fuel cell system set to be installed on a cruise ship operated by AIDA Cruises, a Carnival Corporation brand, has reached a new milestone having secured an Approval in Principle (AiP) from DNV GL. As a result, AIDA Cruises will be the world’s first cruise company to test the us
Volume recovery, cost-cutting measures help Hapag-Lloyd deliver strong results
German container shipping major Hapag-Lloyd once again reported strong earnings in the first nine months of this year, benefitting from volume recovery in the third quarter combined with stable freight rates and low bunker prices.
Trillions of dollars risk being stranded without a global R&D fund to decarbonize
Trillions of dollars could be misallocated if member states of the International Maritime Organization (IMO) fail to back an industry proposal for a global $5 billion research and development fund in order to de-risk the massive investment needed to decarbonize shipping. The call was made by the Int
Port of Rotterdam: shipping sector embracing LNG as fuel
Port of Rotterdam noted that the liquefied natural gas (LNG) as a marine fuel is gaining in popularity in the shipping sector.
Safe Bulkers starts gradual fleet renewal focusing on green ships
Dry bulk shipping company Safe Bulkers wants to gradually renew its fleet with modern designs compliant with the new environmental regulations. In line with those efforts, in October 2020, the company signed a deal to buy a Japanese-built, Kamsarmax class, 82,000 dwt, newbuild bulker with a schedule
Erma First: Full-flow electro-chlorination BWM systems hands-down winner in spot trading
Full-flow electro-chlorination ballast water management technology is more effective than ultra-violet technologies or side-stream ballast water systems and systems without filters, according to a white paper released by Erma First. The ballast water management system manufacturer said its research
Cooperation key to unlocking 1st wave of zero-emission shipping projects
The key economic, technical, and regulatory barriers to the early adoption of zero-emission technologies can be overcome by the first movers through collaboration, a new report developed by the Energy Transitions Commission for the Getting to Zero Coalition shows. The first wave of commercial-scale