Green Marine
Fincantieri and Saipem partner on deep-seabed mining
Fincantieri and Saipem have signed a memorandum of understanding to promote the development of deep-seabed mining (DSM). Specifically, this deal sets the ground in the field of designing, engineering, building and managing DSM systems. Deep-sea floors are rich in minerals, mostly sulphides, cobalt c
Avance Gas sells VLGC Avance
Liquefied petroleum gas (LPG) transporter, Avance Gas, has agreed the sale of another one of its very large gas carriers to a third party for $35 million.
Carnival reveals details of its green recycling plans
Cruise shipping major Carnival Corporation & plc has signed agreements with Turkey-based maritime reclamation and recycling specialists EGE CELIK and SIMSEKLER to responsibly dismantle and recycle Carnival Fantasy and Carnival Inspiration. The company sold the 1990-built Carnival Fantasy and 1996-bu
Shell inks charter deals for six LNG newbuilds
The Hague-based LNG giant Shell has expanded its fleet with charter deals for six newbuild liquefied natural gas (LNG) carriers.
Danaos recoats seven containerships
Athens-based containership owner and operator Danaos has recoated seven of its managed containerships, with the last two vessels in the series, the 8,463 TEU Phoebe and the 6,500 TEU CMA CGM Moliere, leaving drydock in June. The first vessel in the series, the 13,100 TEU Hyundai Honour, left drydock
Scorpio Bulkers breaks into new market with plans to build $290 million wind turbine installation vessel
Monaco-based bulker owner and operator Scorpio Bulkers Inc. has signed a Letter of Intent with South Korean shipbuilder Daewoo Shipbuilding and Marine Engineering Inc (DSME) to construct a wind turbine installation vessel. The total project cost is expected to be approximately $265-$290 million, sub
KPI Bridge Oil and OceanConnect Marine wrap up merger
Marine fuel broking firm KPI Bridge Oil and oil trading company OceanConnect Marine have formally completed a merger to create a new brand and entity, KPI OceanConnect. The merger, first announced in February 2020, has secured a full regulatory approval, and creates one of the largest independent ma
EU backs Spanish LNG bunkering projects
Two Spanish LNG bunkering projects have received financial backing to the tune of €27 million ($31.7 million) from the European Commission.
Norway backs Phase III of IMO-backed project on green ship recycling in Bangladesh
Norway has committed approximately $1.5 million (NOK 14 million) to support improved ship recycling in Bangladesh as part of an IMO-implemented project. The financing paves way for the third phase of the project on Safe and Environmentally Sound Ship Recycling in Bangladesh (SENSREC) launched in 201
Damen, partners to demonstrate viability of large composite ships
The Realisation and Demonstration of Advanced Material Solutions for Sustainable and Efficient Ships (RAMSSES) project reached a key milestone. Namely, on July 18th Damen Schelde Naval Shipbuilding’s (DSNS) location in Vlissingen-East, the Netherlands, the project’s partners unveiled the recently as
OHT orders two wind turbine installation vessels at CMHI
Norway’s OHT has entered into a binding Heads of Agreement with China Merchants Heavy Industry (CMHI) for the construction of two wind turbine installation vessels, with options for two more units. OHT entered the agreement through its wholly-owned subsidiary, VIND Offshore Installation AS. The vess
Castor Maritime buys its 5th bulker
Cyprus-based dry bulk vessel owner Castor Maritime has entered into an agreement to purchase a 2010 Japan-built bulker.
EMSA, ECDC publish COVID-19 guidance for cruise ships
Earlier this week, the European Maritime Safety Agency (EMSA) and the European Centre for Disease Control (ECDC) jointly published the COVID-19 EU guidance for cruise ships.
BIMCO: Boxship demolition at 41-month high in July
Container shipping demolition has hit a 41-month high in July reaching 52.8 thousand TEU, thereby surpassing the 50.6 thousand TEU demolished in June, data from BIMCO shows. In the first seven months of the year a total of 152.8 thousand TEU has been demolished, up 26.3% from last year. 16 ships hav