Green Marine
Aegean Shipping orders Aframax pair in China
Greek shipping company Aegean Shipping Management recently entered into an agreement with Chinese shipbuilder COSCO Shipping Heavy Industry (Yangzhou) Co. to construct two 114,000 dwt tankers.
UECC joins UN Global Compact
United European Car Carriers (UECC), a Norway-based provider of shortsea RoRo transportation, has joined the United Nations Global Compact, the world’s largest corporate sustainability initiative.
Maersk braces for $100 M restructuring charge over 2,000 job cuts as it lifts Q3 outlook
Danish shipowner Maersk expects to take a restructuring charge of around $ 100 million in the third quarter of 2020 related to the redundancies of around 2,000 employees. The redundancies are part of the internal reorganization announced last month, mostly affecting the major’s Ocean and Logistics &
Neoline finds work for wind-powered sailing RoRo ships
Manitou Group, a French company specializing in handling, aerial work platforms, and earthmoving, has formalized its partnership with Neoline, a provider of eco-friendly maritime transport services via RoRo cargo ships using sails for main propulsion.
P&O Cruises takes delivery of its new LNG-powered flagship
German shipbuilder Meyer Werft has handed over Iona, a 180,000-ton LNG-powered cruise ship, to the British shipping company P&O Cruises.
KfW IPEX-Bank finances Finnlines’ hybrid RoRo ship
Germany’s bank KfW IPEX-Bank and Finnish ferry operator Finnlines, part of Italy’s Grimaldi Group, have signed a €40 million (around $47 million) loan agreement to finance a hybrid roll-on/roll-off (RoRo) vessel.
Høglund Marine acquires two-thirds stake in Vindskip
Norway-based marine technology provider Høglund Marine Solutions has taken a two-thirds stake in Vindskip AS, a company developing a wind and LNG-powered vessel concept.
Scotline orders hybrid battery-powered MPP
UK owner Scotline Marine Holdings Ltd has exercised the option for a fourth 4,800 dwt multipurpose vessel at Dutch shipyard Royal Bodewes Shipyard. The MPP will feature hybrid battery power that can be charged by shore power. The Bodewes Trader is to be named MV Scot Isles and launched in Q3 2021. M
Wallenius Marine AB joins International Windship Association
Swedish-based Wallenius Marine AB has become a member of the International Windship Association (IWSA), the not-for-profit organization promoting and facilitating the uptake of wind propulsion for commercial shipping. The move comes on the heels of the company’s unveiling of the newly designed wind-
Watch: Carnival’s LNG-powered giant wraps up sea trials
Carnival Cruise Line’s LNG-powered XL-class cruise ship Mardi Gras has completed its sea trials with flying colors, Finland-based shipbuilder Meyer Turku said. The giant cruise ship returned to the yard last week, after testing its systems and operations at sea for ten days. The mega-ship will now u
MV Werften secures fresh round of funds to stay afloat
German shipbuilder MV Werften, part of Genting Hong Kong (GHK), has received a €193 million (about $227 million) state-supported loan to complete the cruise ship Crystal Endeavor for delivery and keep the shipyard operations till March 2021.
Høglund teams up with Veracity by DNV GL
Marine technology provider Høglund Marine Solutions and data platform provider Veracity by DNV GL have signed a collaboration agreement to share vessel performance data and work on digital solutions. The parties plan to explore how Høglund’s onboard integration and data capture capabilities, and Ver
Havyard extends closure as 75 people test positive for COVID-19
A total of 75 people associated with Norway’s shipbuilder New Havyard Ship Technology AS, part of Havyard Group, have tested positive for the coronavirus, further extending the closure of the yard. The Leirvik-based shipyard temporarily halted activities on September 30, after four infection cases w
Container shipping majors boosted by positive credit ratings
Rating agency Moody’s has upgraded the outlook on the ratings of the world’s largest container shipping company Maersk from negative to positive. Concurrently, Moody’s affirmed the Baa3 long-term issuer rating of the company. “Following a very strong performance amidst the global pandemic by the con