Green Marine
Windship Technology unveils ‘Tesla of the Seas’ solution, teams up with DNV GL
UK-based Windship Technology has unveiled its zero-emission ship design and announced an investment partnership with DNV GL, one of the world’s leading classification agencies. The vessel design features a patented triple-wing rig as well as a new diesel-electric ship drive system that eliminates CO
Hyundai Mipo wins new LPG, petrochemical ship orders
South Korean shipbuilder Hyundai Mipo Dockyard (HMD), part of Korea Shipbuilding & Offshore Engineering (KSOE) has received contracts from Oceanian shipping companies to build two LPG carriers and one petrochemical vessel.
Hyundai Mipo delivers Knutsen’s medium-sized LNG tanker
Hyundai Mipo Dockyard (HMD), has delivered its first medium-sized LNG carrier, to Norway’s Knutsen.
NYK pens $50 million sustainability-linked loan
Japanese shipping major NYK has signed a sustainability-linked loan agreement worth $50 million with the compatriot Shiga Bank. This is the first sustainability linked loan contract denominated in a foreign currency to be inked in Japan, and the second one for NYK following the signing of a yen-deno
Nakilat post record profit in 2020
Qatar’s Nakilat, the world’s largest LNG shipper, reported its highest profit since inception.
Creditors green light Pacific International Lines’ restructuring
Pacific International Lines has filed an application to the Singapore High Court to seek approval for the company’s proposed restructuring plan. Under the plan, Singapore’s container shipping major is vying for fresh financing from Heliconia Capital Management Pte, an investment firm owned by Temase
New CEO to lead next phase of Hamburg Süd’s integration
German container shipping company Hamburg Süd, part of Maersk Line, has appointed new chief executive officer (CEO) to lead the next step of the carrier’s integration. As informed, long-serving Hamburg Süd executive Poul Hestbaek, who is currently the company’s chief commercial officer (CCO), will t
Sumitomo Mitsui Banking Corporation joins the Poseidon Principles
Japanese banking and financial institution Sumitomo Mitsui Banking Corporation has become a signatory of the Poseidon Principles, a regulatory framework for responsible financing of the shipping industry. The general idea behind the framework is for the signatory banks, as capital providers, to supp
MSC Aries suffers container spill in the Pacific
A Neopanamax containership operated by Mediterranean Shipping Company (MSC) lost 41 empty containers overboard in the Pacific on 29 January 2021.
KSOE reveals contract termination for 10 VLCCs
South Korean shipbuilding giant Korea Shipbuilding & Offshore Engineering (KSOE), a shipbuilding holding company of Hyundai Heavy Industries Group, has announced that two of its subsidiaries have entered into contract terminations for ten very large crude carriers (VLCCs). Hyundai Heavy Industries h
Stena Line to order 1st fossil-free ship by 2025
Swedish ferry company Stena Line plans to start operating two fossil-free battery powered vessels on the route between Gothenburg and Frederikshavn in Denmark no later than 2030.
Maersk Tankers signs Sea Cargo Charter
Maersk Tankers has become a signatory of the Sea Cargo Charter, a global framework that establishes a common baseline for global traders to report on CO2 emission reductions of their shipping activities. The Sea Cargo Charter is consistent with the targets of the UN’s International Maritime Organiza
Fincantieri hosts keel laying for Viking Mars
Italian shipbuilder Fincantieri has laid the keel for Viking Mars, the eighth ocean cruise ship being built for the shipowner Viking, at its shipyard in Ancona. The unit will be placed in the small cruise ship segment. As its sister ships, she will have a gross tonnage of about 47,800 tons, 465 cabi
Wallenius Wilhelmsen fined $18 million for cartel conduct in Australia
Norwegian-based global shipping company Wallenius Wilhelmsen Ocean AS has been fined A$24 million ( $18.2 million) for cartel conduct regarding the transportation of vehicles, including cars, trucks and buses, to Australia between June 2011 and July 2012. The company was charged with cartel conduct