Green Marine
Spotlight on energy transition trends and developments
Achieving a more sustainable system will require a diverse energy mix – if we make the right choices. The energy transition has been talked about for many years, but now the pandemic has given the world an opportunity to make it happen more quickly. During the recently completed 13th Offshore Energy
UNCTAD warns of grim maritime trade outlook due to COVID-19
Global maritime trade will plunge in 2020 due to the unprecedented disruption caused by COVID-19, the United Nations Conference on Trade and Development (UNCTAD) said in a new report.
Longship takes 50% stake in Wagle Chartering
The Netherlands-based shortsea carrier Longship Group BV has acquired 50 per cent of Wagle Chartering AS, a Norway-based shipbroker.
CBO Flamengo to get Wärtsilä’s hybrid propulsion
Brazil’s offshore support vessel operator CBO has signed an agreement with the technology group Wärtsilä to convert one of its vessels to operate with hybrid propulsion. The CBO Flamengo will be the first vessel in Latin America to be fitted with a battery pack for hybrid propulsion, compliant with
TORM signs 1st sustainability-linked loan
Danish shipping company TORM has refinanced its existing facility with Danish Ship Finance with a new $150 million loan which includes a CO2 emission-linked pricing mechanism. The facility will postpone the debt maturity for eight vessels until 2027, providing the company with $12 million in liquidi
Economou sells Heidmar tanker pool to Khanna
Tanker pooling and commercial management company Heidmar has been acquired by its CEO Pankaj Khanna from Greek billionaire shipowner George Economou.
Odfjell sets sights on climate-neutral fleet from 2050
Norwegian shipping and tank terminal company Odfjell SE has revealed plans to cut its greenhouse gas emissions by 50% by 2030 compared to 2008 levels and have a climate-neutral fleet from 2050. The targets exceed the objectives of the International Maritime Organization (IMO) of 40% CO2 emissions re
GasLog tightens loss in Q3
Piraeus-based LNG shipper GasLog has tightened its loss during the third quarter of 2020.
ESPO: Ports keep pursuing green goals despite COVID-19
Despite coronavirus-related challenges, European ports are on track with their environmental goals. Air quality, climate change and energy efficiency are firmly placed at the top of the league table of priorities, a new report shows.
Meyer Turku’s layoff tally hits 250 workers
Finnish shipbuilder Meyer Turku has decided to permanently lay off additional 84 people after closing the latest phase of talks with unions, pushing the total count of job cuts to 250. As Offshore Energy – Green Marine reported in August, the first phase of the employee cooperation negotiations (YT
Ireland’s first wind farm service catamaran starts taking shape
The Dublin-based vessel operator Farra Marine has ordered what will be the first catamaran wind farm service vessel operating under the Irish flag. The Singapore-based Penguin Shipyard started building the 27-metre Farra Orla in early September. The expected delivery is in the second quarter of 2021
Proman Stena Bulk JV orders 3rd methanol-powered tanker
Switzerland-based Proman Stena Bulk Ltd has finalized an agreement to build an additional vessel under its joint venture partnership.
CMA CGM: 1st bunkering operation completed for 15,000 TEU LNG-powered newbuild
Container shipping major CMA CGM has carried out the first LNG bunkering of the CMA CGM Tenere, the lead ship in a series of six in-chartered 15,000-TEU LNG-powered containerships.
Stena Line moves to new ferry terminal at Stockholm Norvik Port
Swedish ferry company Stena Line moves its Nynäshamn ferry terminal to the newly built Stockholm Norvik Port.