Norwegian shipowner Ocean Yield AS is continuing its shopping spree now targeting the acquisition of up to ten Newcastlemax dry bulk newbuildings for a total consideration of up to $576 million. Upon delivery, the vessels will commence 15-year bareboat charters to an unnamed dry bulk operator with p
State-run shipping giant China Merchants Energy Shipping (CMES) revealed earlier today that it has signed a Letter of Intent (LoI) for the construction of up to six dual-fuel methanol-powered Pure Car and Truck Carriers (PCTC). The deal, signed with China Merchants Industry Holdings, stipulates the
Germany-based dry bulk carrier owner and operator Oldendorff Carriers has signed a deal that will see it invest in maritime digital solutions provider Alpha Ori Technologies (AOT).
The Energy Market Authority (EMA) and the Maritime and Port Authority of Singapore (MPA) have opened a call for expression of interest (EOI) to develop low or zero-carbon power generation and bunkering solutions. Following the launch of the National Hydrogen Strategy at Singapore International Energ
Uncertainty and volatility continue to cast a shadow over the oil and tanker market as December 5 deadline for the oil price cap for Russian oil expires. Today, all eyes are set on Russia to see what vessels will be loaded and where they would head as Moscow defines its steps in response to the [&he
The Port of Rotterdam has launched ‘Switch to Zero’ campaign to promote the usage of sustainable fuels and encourage the industry to make a concrete contribution to reducing carbon emissions.
Finnish technology group Wärtsilä has been selected to provide cargo handling and fuel supply systems for Exmar LPG’s two LPG/Midsize gas carrier vessels.
Japanese shipping major Kawasaki Kisen Kaisha Ltd (K Line) has laid out its short-term investment plans in a newly released report, earmarking a significant portion for environmental initiatives. “First of all, we aim to invest a total of ¥250.0 billion ($1.85 billion), within the amount of operatin
The Port Authority of Valencia (PAV) has approved the construction project for the container quay of the north extension of the Port of Valencia worth around €1.56 billion ($1.58 billion).
China Merchants Energy Shipping (CMES) has revealed another order for two 175,000 cbm LNG carriers at compatriot shipbuilder Dalian Shipbuilding Industry Company. The company plans to allocate up to $235 million per vessel, pushing the total to $470 million. The shipping heavyweight said that the ve
The 15th Offshore Energy Exhibition & Conference (OEEC) in Amsterdam once again proved to be a great success: as always, the two-day exhibition offered exciting networking opportunities, knowledge sharing, presentations, workshops and a lot more. Energy security, green hydrogen, human capital and fl
ICS has signed a MoU with the Emirates Shipping Association for collaboration towards the UNFCCC Climate Conference COP28 and beyond.
Global energy major Total Energies has joined the Castor Initiative, a multinational coalition committed to making zero-emission shipping a reality, to support the uptake of ammonia as a green fuel and the development of ammonia-powered tankers.
Jiangsu New Yangzi Shipbuilding Co., a subsidiary of Chinese Yangzijiang Shipbuilding, has delivered a new eco-friendly 3,500 TEU boxship Maersk Acadia.
