Green Marine
DSME wins ABS AIP for solid oxide fuel cell technology
Classification society ABS has granted approval in principle (AIP) to solid oxide fuel cell (SOFC) technology developed by South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME).
MOL to set up corporate venture capital fund firm
Japanese shipping company Mitsui O.S.K. Lines (MOL) has determined to establish a wholly-owned corporate venture capital fund firm called MOL PLUS. The venture capital fund will be based in Tokyo and plans to make a broad range of investments, with its investment ceiling reaching JYP 4 billion ($ 38
Austal Australia introduces VOLTA series of electric-powered high-speed ferries
Austal Australia has launched the VOLTA series of electric-powered high speed ferry solutions, with the introduction of the Passenger Express 46V, a fully electric-powered 46 metre catamaran ferry design. Austal’s new VOLTA series includes on-shore charging infrastructure and in-service support prog
KSS Line orders dual-fuel very large gas carrier
South Korean shipping company KSS Line has placed an order for a dual-fuel 91,000 cbm very large gas carrier (VLGC). The shipbuilding deal is worth KRW 87.6 billion ($ 79.5 million). The VLGC will be built by Korea Shipbuilding & Offshore Engineering’s subsidiaries Hyundai Heavy Industries and is se
Norsepower: World’s 1st tiltable Rotor Sails installed on SEA-CARGO RoRo
Norsepower, a Finland-based provider of auxiliary wind propulsion systems, has successfully installed two 35-metre tall Rotor Sails for SEA-CARGO, a logistics provider in the North Sea market.
TFG Marine to commence bunkering ops from Falmouth, UK
TFG Marine, a joint venture bunker company formed by commodity trader Trafigura and shipping firms Frontline and Golden Ocean in 2020, will start bunkering operations this month for vessels at the Falmouth Anchorage, off the South West Coast of the United Kingdom, the company said.
MISC’s new VLEC completes first and largest loading of ethane
Seri Everest, a very large ethane carrier (VLEC), has completed its inaugural full cargo loading which was the largest loading of ethane in the history of ethane shipping to date, Malaysian company MISC Berhad said.
ICS urges govts to prioritize vaccination of seafarers and maritime workers
The International Chamber of Shipping is calling on governments to put seafarers and frontline maritime shore workers at the head of the vaccine queue and to designate seafarers as keyworkers, to avoid a repeat of the 2020 ‘crew change crisis’. ICS is demanding that governments, who are once again r
Royal Caribbean sells Azamara brand, fleet
Cruise major Royal Caribbean Group has entered into a definitive agreement to sell its Azamara brand to Sycamore Partners, a New York-based private equity firm.
Navigator Holdings embarks on its first carbon-neutral voyage
Navigator Holdings Ltd, owner and operator of the world’s largest fleet of Handysize liquefied gas carriers, has launched the company’s first carbon-neutral voyage. Specifically, Navigator Capricorn, a 20,550cbm semi-refrigerated gas carrier, loaded LPG for U.S. midstream company Sunoco Partners Mar
Maersk CEO: We expect to order first ships running on new fuels in three years
Maersk expects to resolve safety and all other issues faced by ammonia and fuel types based on alcohols in two to three years, clearing the way to order the first ships to run on these fuels in the next three years, the company’s CEO Søren Skou said in a podcast hosted by Global Optimism. The [&hell
Zvezda cuts steel for another Arctic LNG 2 tanker
The Zvezda Shipbuilding Complex in the Russian Far East has cut the first steel for a new Arc7 ice-class LNG tanker for the Arctic LNG 2 project.
Cyprus to cut annual tonnage tax for ships that reduce their environmental impact
The Cyprus Shipping Deputy Ministry (SDM) is launching a range of green incentives to reward vessels that demonstrate effective emission reductions. From the fiscal year 2021, annual tonnage tax will be reduced by up to 30% for each vessel that demonstrates proactive measures to reduce its environme
Guangzhou Shipyard cuts steel for Proman Stena Bulk’s methanol-fuelled tanker
China-based Guangzhou Shipyard International (GSI) has held a steel cutting ceremony for the IMOIIMeMAX methanol-fuelled Stena Pro Patria, which is due for delivery in early 2022. The 49,900 dwt Stena Pro Patria will be the first of the three methanol vessels to be built by the joint venture between