Belgium-based tanker shipping giant Euronav informed earlier today that it has received a letter from its biggest shareholder Compagnie Maritime Belge (CMB) seeking termination of the company’s tie-up with Frontline. The letter was addressed to Euronav’s Supervisory Board, following the publication
Out of the 28 financial institutions reporting their emissions data in the third edition of the Poseidon Principles Annual Disclosure Report 2022, seven banks are aligned with the IMO’s ambition of halving shipping’s GHG emissions by 2050. The Poseidon Principles are a global framework for assessing
China Classification Society (CCS) has issued approval in principle (AiP) for an 85,000-ton methanol dual-fuel dry bulk carrier developed by Huangpu Wenchong Shipping, a subsidiary of China State Shipbuilding Corporation (CSSC). The approval was awarded on 14 December for the vessel with a length of
The first ship to use the new north berth shore power system activated at the Port of Prince Rupert was COSCO’s 10,000 containership, CSCL Summer.
Proman Stena Bulk, the joint venture between tanker company Stena Bulk and methanol producer Proman, has taken delivery of its fourth methanol-fuelled tanker, Stena Prosperous. The 49,990 DWT vessel was built by Guangzhou Shipyard International Co Ltd (GSI) and will now enter commercial operation ru
Two newbuild liquefied natural gas (LNG) carriers built for exclusive use by Polish ORLEN Group are being prepared to enter service in early 2023. The two vessels ordered by PGNiG Supply & Trading, an ORLEN Group company specialising in LNG trading, were named “Lech Kaczyński” and “Grażyna Gęsicka”
The Port of Québec has decided to conduct a feasibility study on providing shore power supply for cruise ships.
The construction of the next-generation diesel-electric propulsed cargo vessel, developed by Maritime engineering company Conoship International Projects, has kicked off in Turkey. The ceremonial start of the 3600 tdw vessel’s first construction took place on 24 November at the Gelibolu Shipyard in
A $1.8 billion state-of-the-art container facility on the Lower Mississippi River is in the making by the Port of New Orleans, MSC’s terminal investment arm Terminal Investment Limited (TiL) and Ports America. New Jersey-based Ports America, and one of North America’s largest marine terminal operato
Guangzhou Shipbuilding International, a subsidiary of China State Shipbuilding Corporation, has delivered the first environmentally friendly MR tanker to Nanjing Tanker, a unit of China Merchants Group.
Volstad Maritime has hired Norwegian Electric Systems AS (NES), a subsidiary of HAV Group, to deliver the battery pack and associated control system for battery charging for its Grand Canyon II offshore construction vessel.
Norwegian shipping company Stolt–Nielsen Limited has joined the critics of the International Maritime Organization’s (IMO) Carbon Intensity Indicator (CII), which comes into force in January 2023. The company explained why the CII is causing headaches for the chemical tanker segment and may even pro
The Finnish government, represented by the Ministry of Economic Affairs and Employment (MEAE) and Meyer Turku Oy, has signed a deal with the US-based cruise major Royal Caribbean Group on sustainable shipbuilding in Finland. The parties signed a maritime declaration that lays the groundwork for the
Classification society Bureau Veritas and nuclear power technology developer ThorCon have entered an agreement for the technology qualification and the subsequent development of a 500 MW molten salt nuclear power barge for operations in Indonesia.
