Green Marine
Euronav bags $713 million loan
Belgian tanker giant Euronav has secured a $713 million loan facility from Norwegian finance provider Nordea. The facility comprises a revolving credit facility of up to $469 million and a term loan of up to $244 million. The loan facility was signed on September 11, 2020 with the first drawdown on
Saga Tankers rebrands, invests in renewables
Norwegian shipping company Saga Tankers has moved into the renewable energy sector with a new investment into a hydrogen fuel company. As part of the renewable energy strategy, the company will divest non-core assets and change its name to Saga Pure ASA. The company has appointed Bjørn Simonsen as C
DCSA rolls out Just-in-Time Port Call programme
Digital Container Shipping Association (DCSA), a non-profit group established to further digitalisation of container shipping technology standards, in conjunction with its nine member carriers, has published standard data definitions for the port call process.
Stena Bulk, OGCI to explore potential of carbon capture in shipping
Swedish tanker shipping company Stena Bulk has joined forces with the voluntary energy group Oil and Gas Climate Initiative (OGCI) in a feasibility study on carbon capture onboard ships while at sea. OGCI said the project was in part an extension to OGCI member Aramco’s work on demonstrating carbon
Drewry: Growing unattractiveness of seafaring career to tighten officer availability
A career at sea has lost much of its capacity to attract newcomers. This could lead to the global shortage of seafarers, Drewry believes.
Wärtsilä tech ordered for Harvey’s LNG-fueled PSVs
The Finnish technology group Wärtsilä has been contracted to supply its energy storage system (ESS) to be retrofitted on four Harvey Energy class LNG-fueled platform supply vessels (PSVs).
It’s all about power flow
Integration of renewable energies on a ship – and in other island networks Interview with Jeroen van Tilborg, founder and managing director of the Dutch D&A Electric Diesel engines are used to drive the ship. The power required for other auxiliary drives and for the on-board power grid is mostly gen
Belgian, Dutch ports call for bids for joint shore power system
Port of Antwerp, the Port of Rotterdam Authority, the Port of Amsterdam, North Sea Port Netherlands, Drechtsteden and De Vlaamse Waterweg are planning to set up a single shore-based power system for inland shipping and the river cruise industry. On behalf of all these Shore-Based Power Parties (Wals
EPS bulker newbuilds to get MAN dual-fuel ME-GI engines
Germany’s engine manufacturer MAN Energy Solutions has received an order for five 6G70ME-GI Mk 10.5 dual-fuel engines to be installed on five Newcastlemax bulk carriers ordered by Singapore-based shipping company Eastern Pacific Shipping (EPS).
Flex LNG takes delivery of Flex Amber
Flex LNG, the shipping company controlled by billionaire John Fredriksen, has taken delivery of Flex Amber.
Liberian Registry against unilateral EU ETS scheme
The Liberian Registry, the world’s second-largest ship registry, has opposed the recent proposal from the European Parliament on the implementation of a separate, unilateral set of regulations, in the instance of the Emissions Trading System (ETS) scheme for international shipping.
EPS trials biofuel with GoodFuels
Singaporean-based tonnage provider Eastern Pacific Shipping (EPS) has hired GoodFuels to supply biofuel bunkers for one of its MR tankers. The company bunkered its 2010-built 47,377 deadweight tonne MR tanker M/T Pacific Beryl. with the residual-fuel equivalent Bio-Fuel Oil on October 9 in Dutch wat
German shipbroker becomes ship finance boutique for offshore renewables
Hamburg-based Waterworks Offshore Services has reshuffled its business to exclusively serve the offshore renewable sector and to switch from a ship brokerage shop to a ship finance institution. “Traditionally coming from Chartering and S&P in the offshore markets, Waterworks today becomes the first
Oceanbird development team tests first wing sail on deck
Stockholm-based Royal Institute of Technology (KTH), one of the partners in the Oceanbird development project, has tested the seven-meter long Oceanbird model with one wing on deck, in open water. The wing sails are an essential part of the ship design, a wind-powered Pure Car and Truck Carrier (PCT