Green Marine
LNG is no longer creating the buzz, ammonia is
Engine manufacturer MAN Energy Solutions is confident that it would meet its target of developing a commercially viable, ammonia-powered marine engine by 2024. The engine would be intended for large, ocean-going containerships
CDB Financial Leasing spending $140 million on 11 ships
China Development Bank (CDB) Financial Leasing is splashing $140 million on the purchase of eleven bulk carriers from an undisclosed ship owner based in the Marshall Islands. The purchase is being carried out through the company’s wholly-owned subsidiary in Hong Kong, which is principally engaged in
IMO defines new guidelines on EEXI and CII to support GHG measures
IMO’s working group has agreed on a set of draft guidelines to support mandatory measures approved by the Marine Environment Protection Committee (MEPC) to cut the carbon footprint of all ships.
LNG bunkering to commence at Japan’s Yokohama port
NYK Line, NYK Cruises, Ecobunker Shipping and Yokohama City have signed a memorandum of understanding (MoU) to carry out LNG bunkering operations at Japan’s Port of Yokohama.
Ever Given court proceedings adjourned to allow for settlement talks
The Ismailia Economic Court of First Instance in Egypt has adjourned the proceedings in the claim of the Suez Canal Authority (SCA) over Ever Given’s grounding until June 20, 2021. This period is expected to allow for further settlement discussions to take place between the owners of the vessel Shoe
SHI bags order for LNG carrier duo
South Korean shipbuilding major Samsung Heavy Industries has secured a contract to build a liquefied natural gas (LNG) carrier pair.
ZeroLab, Good Shipping turn to insetting to speed up decarbonization
ZeroLab, Torvald Klaveness’ subsidiary dedicated to the decarbonization of seaborne supply chains, has partnered with Dutch company GoodShipping, to offer all charterers the opportunity to compensate for their shipping-related emissions through insetting.
Flex LNG takes delivery of Cheniere-chartered tanker
Flex LNG, a pure-play LNG carrier company, has completed its newbuilding program with the delivery of its 13th LNG carrier.
Operator: Hull of fire-stricken X-Press Pearl’s structurally intact
Hull of the feeder containership X-Press Pearl, which has been ablaze off Colombo Port for days, remains structurally intact, the operator of the vessel said. According to an update from X-Press Feeders, salvors have determined that the state of the hull is sound and found that there has been no los
DSME scores Hyundai LNG carrier deal
South Korean shipbuilding major Daewoo Shipbuilding and Marine Engineering (DSME) has won an order for the construction of a large LNG carrier from Hyundai LNG Shipping.
Wärtsilä tech ordered for six Arctic LNG 2 tankers
The Finnish technology group Wärtsilä will supply the Inert Gas Generator (IGG) systems for six Arctic LNG 2-dedicated tankers.
AMSA imposes record ban on Aswan Shipping’s bulker amid ‘appaling conditions’ on board
Australian authorities have issued a record ban to Aswan Shipping, the owners of Panama-flagged bulk carrier MV Maryam, preventing the vessel from entering any Australian port for three years. The ban comes in response to major safety and maintenance issues, along with crew welfare abuses, according
In focus: Renewables making headway as Shell ruling sounds alarm on energy transition urgency
A historic ruling has shaken the energy market this week after a Dutch court ordered oil major Shell to reduce its carbon emissions by 45 per cent by 2030 compared with 2019 levels. The decision was delivered in connection with a climate change case filed against Shell in 2019 by Dutch environmental
Maersk CEO: Business is ahead of govts on decarbonization agenda
There needs to be a greater sense of urgency among global governments in relation to the adoption of policies that would accelerate decarbonization in the shipping sector, the head of the world’s largest container shipping company believes. “Business is ahead of governments on this agenda,” Soren Sk