Green Marine
EU adds 4 more ship-recycling facilities to its list as UK yards face Brexit-related removal
The European Commission has added new yards to the European List of ship recycling facilities suitable for the dismantling of EU-flagged vessels in an environmentally-friendly way. These include two European yards and two more yards in Turkey. “With the addition of these new yards, ship owners of EU
UK gov’t launches bidding process for Freeports
The UK government has launched the bidding process for the first seven Freeports in England.
Sovcomflot secures loan for LNG carrier pair
Joint venture companies belonging to Sovcomflot, NYK Line and Samudera, have secured a $155 million loan to finance an LNG carrier pair.
AMSA: Serving on ships beyond 11 months won’t be permitted from February 2021
The interim COVID arrangements which have permitted seafarers to serve longer than 11 months on-board ships will end from February 28, 2021, the Australian Maritime Safety Authority (AMSA) said. Under the Maritime Labour Convention, the normal maximum period that a seafarer can serve aboard a vessel
MISC units mark LNG milestones with Avenir Advantage
MISC Berhad’s Future Horizon and Eaglestar Shipmanagement made their maiden foray respectively as the commercial operator and ship manager of Avenir Advantage LNG bunkering vessel.
Pirates kidnap 14 crew from heavy lift vessel in GoG
Fourteen crew members are reported to have been kidnapped from a heavy lift vessel in the Gulf of Guinea.
Fugro and NYK Group jointly target Japanese offshore wind market
Fugro and the Tokyo-based transportation company, NYK Group, have signed a Memorandum of Understanding (MOU) to provide offshore geotechnical services in Japan. The two companies will also collaborate on a feasibility study into jointly operating a specialist investigation vessel for renewables proj
DSME wins $652 million deal to build 6 ULCVs
South Korean shipbuilding major Daewoo Shipbuilding and Marine Engineering (DSME) has inked a deal to build six containerships for an undisclosed European shipowner. The contract is worth $652 million (KRW 722.6 billion), the shipbuilder disclosed in a regulatory filing. The containerships are sched
Fincantieri points to Q3 production recovery in an unprecedented year
Italian shipbuilder Fincantieri reported a 16% drop in revenues for the first nine months of 2020 reaching €3.53 billion, considerably impacted by the Covid-19 outbreak. The shipbuilder’s EBITDA stood at €200 million, down from €306 million reported in the same period in 2019, with an EBITDA margin
Cargo ship catches fire off Greek coast, crew evacuated
A fire broke out on board a Togo-flagged general cargo vessel which was moored near Elafonissos, Greece, the Hellenic Coast Guard said.
Capital Gas takes delivery of LNG newbuild
Greek shipping company Capital Gas, a unit of Capital Maritime Group took delivery of its newbuild LNG carrier Aristos I.
Pacific International Lines offered $600M lifeline as it fights to avoid liquidation
Pacific International Lines (PIL) is seeking protection from the Singapore High Court from winding-up or enforcement orders as it tries to get its noteholders on board with a comprehensive restructuring plan. Under the plan, Singapore’s container shipping major is vying for fresh financing from Heli
Kongsberg sees growth in shuttle tanker business despite pandemic
During 2020, Norway-based marine technology company Kongsberg Maritime won contracts for twelve of its shuttle tanker concepts, with a value totalling over NOK 400 million ($43.7 million).
Moody’s: Shipping to end 2020 better than expected
The rating agency Moody’s has revised its outlook for the shipping industry from negative to stable as the sector outperformed the agency’s projections for this year. The rating agency said the outlook for the global shipping industry had been negative since March 2020 coinciding with the impact of