Green Marine
Rolls-Royce new member of ITF Corporate Partnership Board
Technology company Rolls-Royce has joined the Corporate Partnership Board of the International Transport Forum (ITF) to work together with the ITF on transport decarbonisation, innovation and digitalisation.
Govts urged to support ferry industry’s decarbonization
In order to help the ferry industry decarbonize, ports around the world need to be equipped with shoreside infrastructure to supply alternative fuels. A joint industry effort, supported by governments, is needed to achieve the ultimate goal, operators believe.
MOL, IMC and Signal Ventures invest in Singapore maritime start-up fund
Singapore-based venture capital firms IMC Ventures and Signal Ventures, together with corporate arm of Japanese shipping heavyweight Mitsui O.S.K. Lines, Ltd. (MOL), MOL PLUS have decided to invest in the Motion Ventures Fund established by a Singapore shipping start-up company.
Scandlines: Another hybrid ferry to get Norsepower rotor sail
Following the successful installation of the Norsepower rotor sail on the hybrid ferry M/V Copenhagen in 2020, and a year of demonstrated results, Danish ferry operator Scandlines has prepared the sister ferry M/V Berlin for its own rotor sail installation.
GasLog sells GasLog Salem LNG carrier to CDBL
Greek owner and operator of LNG carriers GasLog has completed the sale of GasLog Salem LNGC to a subsidiary of China Development Bank Leasing (CDBL) for $128 million.
WATCH: SBM Offshore’s FPSO Prosperity entering drydock in Singapore
SBM Offshore’s FPSO Prosperity, destined to operate for ExxonMobil offshore Guyana, has entered drydock at a yard in Singapore.
Green hydrogen fuels to decarbonise 80% of global shipping
A rapid replacement of fossil fuels with renewable fuels based on green hydrogen and advanced biofuels could enable to cut up to 80% of CO2 emissions attributed to international maritime shipping by mid-century, a new report by the International Renewable Energy Agency (IRENA) finds.
Höegh LNG charters Höegh Gallant FSRU to New Fortress
Bermuda-based Höegh LNG Partners has recently entered into a ten-year agreement with U.S.-based gas-to-power developer New Fortress Energy to charter the Höegh Gallant FSRU.
MPA rolls out new SRS accreditation system
The Maritime Port Authority of Singapore has revealed that it will launch a new Singapore Registry of Ships (SRS) notation initiative to recognise ship owners and operators who voluntarily incorporate solutions to drive digital transformation and pursue sustainable shipping.
Norwegian, German regulators approve Octopus Bidco’s Ocean Yield acquisition
Octopus Bidco AS, a company owned by funds advised by American investment company Kohlberg Kravis Roberts & Co. L.P. (KKR) and its affiliates, has received clearance from the Norwegian Competition Authority and the German Federal Cartel Office to acquire Norwegian shipowner Ocean Yield ASA.
Wärtsilä systems for two Capital Gas LNG carriers
The Finnish technology group Wärtsilä will supply four shaft generator systems for two LNG Carrier vessels that the Sout Korean shipyard Hyundai Heavy Industries is building for the Greek ship management service provider Capital Gas.
Cyprus: Sustainability key pillar of long-term strategic vision for shipping
Following a nine-month public consultation, Cyprus Shipping Deputy Ministry (SDM) has launched SEA Change 2030, a long-term strategic vision for Cyprus shipping.
COSCO Shipping International acquires additional stake in Piraeus Port
Chinese port operator COSCO Shipping International (Hong Kong) has acquired additional 16 per cent interest in Piraeus Port Authority (PPA) through the purchase of shares from the Hellenic Republic Asset Development Fund (HRADF).
DP World to invest more than $1B in new Africa investment platform
Dubai-based port developer and operator DP World has unveiled the creation of an African investment platform in partnership with the UK’s development finance institution and impact investor CDC Group (CDC).