Green Marine
Hapag-Lloyd continues momentum after strong 2020
German container shipping giant Hapag-Lloyd saw a significant earnings surge in 2020 despite negative effects of the coronavirus pandemic.
Roll-out of fleet-wide wind propulsion by 2050 could unlock $1 trill in fuel savings
Rapid scaling of wind propulsion across the fleet in the next 10 years could not only pay for itself but could go a very long way to releasing the funds required to go beyond IMO2050 and even deliver full decarbonization for the fleet, Gavin Allwright, Secretary-General at the International Windship
Trafigura inks its 1st sustainability-linked loan
Commodity trading company Trafigura has closed its first sustainability-linked loan structure worth over $5 billion. The loan structure is comprised of a new 365-day European multi-currency syndicated revolving credit facility totaling $ 1.85 billion, as well as the extension and increase of its $3.
Wilson Sons takes stake in tech startup Docktech
Brazil’s port and maritime logistics operator Wilson Sons revealed investment in an Israeli startup to measure navigational depth in ports.
Global Shipping Business Network launched to drive shipping’s digitalization
IQAX Limited, an information technology company providing digital solutions for global shipping and trade, has been officially commissioned by the Global Shipping Business Network (GSBN) to develop, enhance and operate a blockchain platform.
Getting to Zero Coalition: Major increase in uptake of large ammonia vessels
There has been a notable increase in the uptake of large ammonia vessels over the past year, according to Getting to Zero Coalition’s latest edition of zero-emission project mapping. The number of identified projects has jumped from 66 to 106, the coalition’s second edition of the biannual Mapping o
Hapag-Lloyd acquires container shipping specialist NileDutch
German container shipping major Hapag-Lloyd has signed a sale and purchase agreement to acquire all shares of the Dutch container shipping company Nile Dutch Investments B.V.
Star Bulk wraps up acquisition of six Eneti bulkers
Greece-based shipping company Star Bulk Carriers Corp. has taken delivery of six dry bulk vessels purchased from Eneti Inc., formerly known as Scorpio Bulkers.
TU Delft partners up with Camfil on hydro motion boat
The Technical University Delft Solar Boat Team in the Netherlands has teamed up with Camfil, a Swedish producer of air filters and clean air products, to provide aerodynamically optimized, custom-made filtration solutions for the hydro motion boat.
Report: STX Offshore bags order for petrochemical carrier
South Korean shipbuilder STX Offshore & Shipbuilding has won an order to build a 50,000-ton petrochemicals carrier, Yonhap reports citing a company statement. The Hong Kong-based company behind the order is set to take delivery of the ship in the first half of 2022. The mid-size shipbuilder is also
North Star makes grand entrance into offshore wind with Dogger Bank OWF
Aberdeen-based company North Star Renewables has won the tender for the delivery of three service operation vessels (SOVs) for the 3.6 GW Dogger Bank project, which is set to become the world’s biggest offshore wind farm. Under a contract worth approximately GBP 270 million (around € 316 million), t
Schottel propulsion picked for German LNG-fueled trio
Abeking & Rasmussen ship and yacht shipyard (A&R) in Lemwerder has ordered Schottel propulsion systems for three new LNG-fueled vessels on order by the German government.
Wärtsilä: Scrubbers can play a central role in carbon capture
Exhaust gas cleaning systems, better known as scrubbers, can play a central role in carbon capture and storage to help drive shipping’s decarbonization, Wärtsilä believes. Specifically, the company argues that as the technology advances it enables manufacturers to design and upgrade scrubbers to cap
DSME secures order for ultra-large LPG carrier trio
South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) has won a deal for the construction of three eco-friendly ultra-large liquefied petroleum gas (LPG) carriers.