Green Marine
BIMCO: Shipbuilding orders spiral down
The shipbuilding sector has been severely impacted by the ongoing COVID-19 pandemic causing the contracting activity to shrink and newbuild deliveries to get postponed. What is more, the demolition activity, which has been pretty dynamic over the recent period, has also ground to a halt amid lockdow
Coronavirus crisis: TUI secures German state-backed bridging loan
TUI AG gets an EUR 1.8 billion state aid bridging loan to cope with coronavirus business impacts.
PD Ports continues investment in eco-friendly technology
UK port operator PD Ports continues its investment in environmentally sustainable technology at Teesport.
VTT to explore use of bio- and waste-based oils for ships, power plants
VTT, partners will assess how suitable fuel oils made from biomass and waste plastics are for ship diesel engines.
German gas carrier grounded due to underdeveloped ECDIS
A German gas carrier grounded off Indonesia in 2018 due to the not fully developed ECDIS, a report shows.
Offshore Energy platform: connecting the gears
Change is the only constant. This was as true for the ancient Greek who coined the phrase, as it is for us today. Our industry is changing. The need to innovate and transform are key in remaining relevant and future-proof. This is why we present the Offshore Energy platform. It combines all the elem
Stena Line to furlough 600, lay off 150 workers due to COVID-19
Gothenburg-based ferry company Stena Line plans to furlough 600 employees and make 150 redundancies across the UK and the Republic of Ireland amid a large decline in travel bookings and freight volumes caused by the coronavirus pandemic. The company said it would ensure those furloughed maintain 80%
Shipping industry sees growth in remote surveys in times of coronavirus crisis
Remote ship surveys and inspections have become increasingly popular amid the coronavirus crisis.
Worst case scenario could bring about $ 23 billion loss for carriers
Blanking of sailings triggered by the demand drop from the coronavirus pandemic could result in a USD 23 billion collective loss for container carriers in the worst-case scenario, Copenhagen-based consultancy Sea-Intelligence predicts. This scenario is based on the freight rates decline experienced
Thousands of cruise ship crew members stranded at sea
Thousands of seafarers employed on cruise ships are still stranded at sea as ports deny vessels the permission to dock and carry out crew changes amid restrictive measures adopted to contain the spread of the coronavirus. The International Transport Workers’ Federation (ITF) estimates that around 31
ECSA: Maritime-specific rescue and recovery plan is urgently needed
ECSA stressed that more sector-specific actions are needed to save the European shipping industry.
EU Commission stops the clock on HHIH-DSME merger probe
The European Commission has suspended the full-scale probe into the proposed acquisition of South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) by its compatriot Hyundai Heavy Industries Holdings (HHIH). The move was triggered by companies’ inability to provide information as a
The global biofouling challenge calls for new technology
The rapid pace of technological innovation has had a growing impact on the shipping industry. But as owners and fleet managers face increasing pressure to improve environmental performance, new technologies will be necessary to ensure a profitable and sustainable future. The impact of biofouling on
DHT Holdings Inks Charters for 6 VLCCs
DHT Holdings has secured time charters for six of its very large crude carriers (VLCCs).