Green Marine
In focus: The pursuit of low-carbon business prospects
This week’s focus was on making vessels greener, low-carbon strategies, green hydrogen, and building a sustainable future.
New partnership aims to turn non-recyclable plastics into marine fuel
Finnish waste management firm Riverrecycle and UK-based renewable energy company Clean Planet Energy have entered into a partnership agreement to remove non-recyclable plastics from rivers and then repurpose the waste as new ultra-clean fuel for the marine sector.
NYK Line issues Japan’s first transition bonds
Japan’s shipowner Nippon Yusen Kaisha (NYK) LIne has revealed that it issued its first transition bonds in the domestic market, becoming the first Japanese firm to do so.
Lomar Shipping wraps up $1 billion newbuilding investment program
UK-based shipowner Lomar Shipping has completed its newbuilding investment program of containerships and bulk carriers with the delivery of the latest containership Bremen Trader.
MPA launches new decarbonisation centre to spearhead energy transition journey
The Maritime and Port Authority of Singapore (MPA) has announced the formation of the Global Centre for Maritime Decarbonisation (GCMD) in Singapore and its new leadrship team.
NYK Line takes delivery of LNG carrier
Japanese shipping major Nippon Yusen Kaisha (NYK) has taken delivery of a new liquefied natural gas (LNG) carrier Diamond Gas Victoria built at Hyundai Samho Heavy Industries.
VIDEO: Ever Given arrives in Rotterdam ending months-long saga
The giant containership Ever Given, which ran aground in the Suez Canal in March, has finally reached its planned destination at the Port of Rotterdam.
Nutrien, Exmar team up on ammonia-fueled vessel
Belgium-based shipowner Exmar has partnered up with Canadian fertilizer company Nutrien to develop and build a low-carbon, ammonia-fueled vessel to reduce maritime emissions.
More red ink for Sembcorp Marine as Covid-19 disruptions linger
Sembcorp Marine saw its profit and revenues dip in 1H2021 due to project delays and increased costs caused by the Covid-19 disruptions.
MPC Container Ships secures $70 million revolving credit facility
Norwegian containership owner MPC Container Ships ASA (MPCC) has entered into a three-year revolving credit facility agreement with U.S.-based financial holding company CIT Group at attractive terms.
Crowley scores $638M contract to acquire ships for MARAD
Florida-based Crowley Maritime Corporation has been awarded a multi-year, $638 million contract for vessel acquisition management (VAM) by the U.S. Maritime Administration (MARAD). As informed, Crowley will assist in the enhancement of the Ready Reserve Force (RRF), helping reduce the overall age of
Industry groups warn of “serious shortage” of seafarers by 2026
The growing demand for standards of training, certification, and watchkeeping (STCW) certified officers could mean further 89,510 officers required by 2026 to operate the world merchant fleet, a new report showed.
PGNiG inks LNG charter deal with Knutsen
PGNiG Supply & Trading (PST), a subsidiary of Poland’s oil and gas company PGNiG, has signed an agreement with Norway’s shipping company Knutsen OAS Shipping for chartering of two LNG carriers.
Hapag-Lloyd confirms talks to add 10 boxships to its fleet
Germany’s Hapag-Lloyd, the world’s fifth-largest container shipping company, is currently in discussions with companies to purchase ten 13.000 TEU vessels.