Green Marine
BIMCO: Steady rise in scrubber-fitted ships backs demand for HSFO
In the first quarter of 2021, high-sulphur fuel oil (HSFO) has been the only bunker fuel to experience year-on-year growth in Singapore, the world’s largest bunkering hub, data from BIMCO shows. HSFO sales are up 47.2% from Q1 2020, reaching 3.1 million tonnes. This is, however, still less than a th
MSC rolls out new electronic Bill of Lading
MSC Mediterranean Shipping Company is introducing an electronic bill of lading (eBL) for its customers, following a successful pilot phase. The company is using a solution on an independent blockchain platform WAVE BL. The system uses distributed ledger technology to ensure that all parties involved
Icelandic maritime start-up secures fresh funding
Icelandic maritime start-up Hefring ehf. has successfully closed a financing round led by the New Business Venture Fund with the participation of Innoport and TechNexus.
In focus: In pursuit of carbon-neutrality – the holy grail of energy transition
In this week’s edition of our In Focus article, we take a deep dive into the most relevant developments from the energy world targeting emission cuts. In the Fossil Fuels market, oil and gas company Lundin Energy sold what has been described as the world’s first-ever certified carbon neutrally produ
CMA CGM inks order for 22 boxships, including 12 dual-fuel newbuilds
French liner major CMA CGM has ordered the construction of 22 containerships worth around $2.3bn, making the deal the largest single containership order in China’s shipbuilding history. The orders are spread across three Chinese shipbuilders, Jiangnan Shipyard, Hudong-Zhonghua Shipbuilding, and Qin
3 more Ever Given crew members allowed to go home
Three crew members of the Ever Given containership, who are due to be relieved following the expiration of their contracts, have been granted permission to leave the vessel, which remains arrested in Egypt. The ship has been anchored in the Great Bitter Lakes region for a month now, awaiting for the
Japan’s ”K” Line enters offshore wind market
Japanese shipping company Kawasaki Kisen Kaisha (”K” Line), and its domestic subsidiary Kawasaki Kinkai Kisen Kaisha have agreed to establish a joint venture company to provide services within the offshore wind industry. The new joint venture company, “K” Line Wind Service, will provide offshore sup
Bergen LNG awarded classification from Bureau Veritas
Classification society Bureau Veritas has classed Bergen Tankers’ Bergen LNG, Norway’s first LNG bunkering ship.
AMSA bans bulker Movers 3 from Australian ports
The Australian Maritime Safety Authority (AMSA) has handed down an 18-month ban to Panama-flagged bulk carrier Movers 3, which is operated by Aswan Shipping.
FSRU MOL Challenger loads at Cheniere’s Sabine Pass LNG
MOL FSRU Challenger has loaded and departed Cheniere Energy’s Sabine Pass LNG export facility on April 29, making it the largest LNG vessel ever to load at the US terminal.
SFL places its first sustainability-linked bonds
On 29 April, Bermuda-based ship owning and chartering company SFL Corporation Ltd. successfully placed $150 million in senior unsecured sustainability-linked bonds due 12 May 2026.
DSME scores deal for dual-fuel LPG carrier pair
South Korean shipbuilding giant Daewoo Shipbuilding & Marine Engineering (DSME) has secured an order for two dual-fuel LPG carriers from compatriot Hyundai LNG Shipping. The 91,000 cbm ships are expected to be built at DSME’s Okpo yard and delivered to shipowners by the fourth quarter of 2023. The c
ICCT: Scrubber-fitted ships to emit 10 Gt of washwater each year
Ships with scrubbers will emit at least 10 gigatonnes (Gt) of scrubber washwater each year absent additional regulations, the International Council on Clean Transportation (ICCT) said in a report. As disclosed, the entire shipping sector carries about 11 Gt of cargo each year. Nearly all of the wash
IMO, Germany team up to cut shipping emissions in Asia
The International Maritime Organization (IMO) and Germany have teamed up on a project to identify opportunities and solutions to prevent and cut transport emissions in Asia.