Norwegian shipping company Flex LNG has secured an extension of time charter agreements with Cheniere’s unit Cheniere Marketing International (CMI) for three liquefied natural gas (LNG) carriers. The new agreement extends the charter periods of Flex Endeavour, Flex Ranger and Flex Vigilant for up to
Norwegian company Kanfer Shipping AS has signed a partnership deal with Nimofast Brasil S.A. to establish small and medium-scale LNG shipping, small-scale floating storage units (FSU) and LNG bunkering solutions in Brazil from 2025 onwards. The contract will enable Nimofast to sell and deliver LNG o
South Korean shipbuilder Samsung Heavy Industries (SHI) has received orders for the construction of five liquefied natural gas (LNG) carriers.
Pertamina International Shipping (PIS), a shipping unit of Indonesian state-owned oil and gas company Pertamina, has set sights on a $3 billion worth fleet rejuvenation plan. According to Wisnu Santoso, a director at PIS, who was cited by Reuters, the company is looking into both newbuilds and exist
Mediterranean Shipping Company (MSC), the world’s largest ocean carrier by operated container vessel capacity, is exploring retrofitting projects involving various types of fuels including LNG and methanol. The two solutions remain the key options for owners that want to act today on lowering their
Italian cabling giant Prysmian Group is investing approximately €200 million in a new cable-laying vessel which will be equipped with a battery pack for a total power of 3 MW. The new 170-meter-long vessel will be built by the VARD Group, a subsidiary of the Fincantieri Group, just like Leonardo da
The Maritime Technologies Forum (MTF), founded by seven flag states and classification societies including DNV and Lloyd’s Register, has released a comprehensive assessment to compare the feasibility and readiness of alternative marine fuels. The forum was founded in 2021 and seeks to bridge the gap
Pacific Environment’s Ports for People campaign has launched a new initiative to assess port progress towards zero-emission shipping, P4P RePORT Cards.
Ulsan Port Authority (UPA) has signed a Memorandum of Understanding (MOU) with the international classification society Korean Register (KR) to support methanol-fueled ships and establish the South Korean port as a low-carbon energy hub. “UPA is actively working to make eco-friendly, and low-carbon
DNV classification society and Singapore’s Maritime Port Authority (MPA) have agreed to continue their collaboration on decarbonization and digital innovation in the maritime industry. Kenneth Lim, Assistant Chief Executive (Industry and Transformation), Maritime and Port Authority of Singapore (MPA
China’s Dalian Shipbuilding Industry Co. (DSIC) has started the construction of two LNG-powered, wind-assisted CO2 carriers for Northern Lights, a joint venture of energy majors Shell, Equinor and TotalEnergies.
The UK is about to pass legislation on nuclear propulsion for merchant ships, closing a loophole in its maritime legislative system on a propulsion technology that is gaining a lot of attention in the shipping world as the potential pathway for slashing emissions. Namely, the UK Parliament is set to
Carnival Cruise Line, a subsidiary of Carnival Corporation, has held a christening ceremony for its new flagship, a cruise ship powered by liquefied natural gas (LNG), Carnival Celebration.
South Korean shipbuilder Samsung Heavy Industries (SHI) has won a construction contract for two shuttle tankers, resuming its winning streak into the final weeks of this year. The shuttle tankers have been ordered by an undisclosed company from Oceania, which is paying KRW 346.6 billion ($255 millio
