Green Marine
Djibouti terminal dispute: Court rules in favor of DP World
Dubai-based port and terminal operator DP World has once again won an international ruling against the Djiboutian government concerning the Doraleh Container Terminal. As informed, an Arbitral Tribunal of the London Court of International Arbitration (LCIA) has ruled against Djibouti’s port company,
Stena comes to Concordia Maritime’s rescue
Having been faced with financial headwinds, Swedish tanker shipping company Concordia Maritime will receive a helping hand from its parent company Stena.
Vard to deliver battery tech for Atlantic Towing’s platform supplier
Vard Electro has been awarded a contract for a hybrid battery power system with Atlantic Towing to be integrated on a platform supply vessel.
Wärtsilä to provide engines for Italian LNG ferry
The Finnish technology group Wärtsilä has won a contract to provide engines, the fuel storage and supply system, for a new Italian ferry designed to operate on LNG.
US FMC, DoJ ink MoU to back antitrust issues
The U.S. Federal Maritime Commission and the Department of Justice Antitrust Division have signed an interagency Memorandum of Understanding (MOU) to increase cooperation and communication to support the liner shipping industry.
1st compensation payment made after X-Press Pearl incident
X-Press Feeders, operator of the ill-fated containership X-Press Pearl, through the vessel owner’s P&I insurers, has made an initial payment of $3.6 million to the Sri Lankan government to help compensate those affected by the consequences of the fire and sinking of the vessel.
Crowley to build and operate first U.S. all-electric tugboat
Florida-based Crowley Maritime Corporation has revealed its plans to build and operate the first all-electric harbor tug in the United States.
DEME installs cable with LNG-powered vessel
DEME’s Living Stone has successfully installed DolWin6 HVDC cable while powered by LNG, thus significantly reducing emissions.
Neoline wind-powered vessels to ship 50pct of Longchamp goods
French fashion company Longchamp has entrusted compatriot shipowner Neoline with the transportation of at least 50% of its annual volume of containers to reduce emissions on its transatlantic shipping.
Biden confronts consolidation, unfair pricing in container shipping
The Biden administration has issued a new executive order tackling the consolidation in the container shipping industry as well as anti-competitive pricing, among others.
Suez Canal annual revenue hits record $5.84bln despite Ever Given blockage crisis
Egypt’s Suez Canal revenue increased to $5.84 billion in its 2020-21 fiscal year (July-June), the Suez Canal Authority announced.
Singapore continues to be the world’s leading maritime centre
Singapore has been ranked as the top global shipping centre for the eighth year running, a new report found.
SBM’s new Fast4Ward FPSO hull launched in Chinese yard
Chinese shipyard SWS has launched a hull of the latest FPSO of a Fast4Ward design being built for Dutch provider SBM Offshore.
Wallenius orders up to six dual-fuel PCCs at CIMC Raffles
Norwegian-based shipping company Wallenius Wilhelmsen has sealed an engineering, procurement and construction (EPC) contract with Chinese shipyard CIMC Raffles for the construction of up to six pure car carrier (PCC) vessels.