Green Marine
Avance Gas agrees sustainability-linked loan for dual-fuel LPG duo
Bermuda and Norway-based shipping firm Avance Gas Holding has signed and completed a $104 million sustainability-linked term facility with a bank syndicate.
DP World pens $80 million lease agreement for chemical terminal
DP World, UAE Region, has signed a 30-year lease agreement with chemical distributor Petrochem Middle East for the expansion of a chemical distribution terminal.
Petronas wrapped up its first LNG bunkering in Port Klang
Petronas Marine has conducted the first LNG bunkering operation with its LNG tanker MV Avenir Advantage at Port Klang, Malaysia.
Samsung Heavy, Dae Sun ink smart ship-focused technology partnership
South Korean shipbuilding company Samsung Heavy Industries (SHI) is partnering with compatriot midsize shipbuilder to foster technology exchange in the field of smart and eco-friendly ships.
TS Lines books 7,000 TEU boxship quartet at SWS
Taiwanese shipping line TS Lines has placed an order for the construction of four 7,000 TEU containerships with Shanghai Waigaoqiao Shipbuilding. The 7,000 TEU containerships, independently designed by Shanghai Merchant Ship Design & Research Institute (SDARI), will feature environmental design conc
Shipping company on the list of EU’s top 10 CO2 emitters
Swiss container shipping giant Mediterranean Shipping Company (MSC) is among “Europe’s top 10 climate polluters,” according to the Transport & Environment (T&E) report.
Safe Bulkers invests in new eco-efficient Kamsarmax
Monaco-headquartered dry bulk owner Safe Bulkers has acquired a Japanese-built 82,000 dwt, dry bulk newbuild vessel.
Seaspan orders ten 7,000 TEU dual-fuel LNG containerships
Containership owner and operator Seaspan Corporation, part of Atlas Corp. has revealed a new order encompassing ten 7,000 TEU dual-fuel LNG containerships.
KSOE poised to hit $14.9 billion order target earlier than expected
The latest plethora of deals scored by South Korea’s largest shipbuilder has enabled Korea Shipbuilding & Offshore Engineering (KSOE), a holding company of Hyundai Heavy Industries Group, to hit 94 percent of its $14.9 billion target for this year. The company announced several deals late last week
DP World snaps up U.S. logistics provider for $1.2 billion
Dubai-based port operator DP World has acquired U.S. logistics company Syncreon for an enterprise value of $1.2 billion.
IMO: Asia-focused emission reduction project nears start
The International Maritime Organization (IMO) and the Partnerships in Environmental Management for the Seas of East Asia (PEMSEA) have launched the preparatory phase for the Blue Solutions Project with a regional kick-off meeting held on 28 June 2021.
Drewry: Carrier profits close in on $100 billion
2021 will be the first year in the history of container shipping when carrier profits approach $100 billion and average freight rates jump by 50%, UK-based shipping consultancy Drewry believes. The profit surge is driven by huge operational disruptions as ports battle congestion and lack of equipmen
Berge Bulk, GoodFuels trial biofuel on bulk carrier
Dutch marine biofuels supplier GoodFuels and bulker owner and operator Berge Bulk have successfully carried out the first marine biofuel trial on a dry bulk carrier.
US Congress urged to support maritime decarbonization with at least $20B
Fifteen port authorities, industry groups and environmental organizations have signed a letter calling on the US Congress to include at least $20 billion in any infrastructure deal to support the decarbonization of the shipping industry.