Green Marine
TORM signs 1st sustainability-linked loan
Danish shipping company TORM has refinanced its existing facility with Danish Ship Finance with a new $150 million loan which includes a CO2 emission-linked pricing mechanism. The facility will postpone the debt maturity for eight vessels until 2027, providing the company with $12 million in liquidi
Economou sells Heidmar tanker pool to Khanna
Tanker pooling and commercial management company Heidmar has been acquired by its CEO Pankaj Khanna from Greek billionaire shipowner George Economou.
Petronas starts LNG bunkering business ops
The Malaysian energy giant Petronas has officially launched its LNG bunkering business by completing its first LNG bunkering operation at Pasir Gudang, Johor.
Odfjell sets sights on climate-neutral fleet from 2050
Norwegian shipping and tank terminal company Odfjell SE has revealed plans to cut its greenhouse gas emissions by 50% by 2030 compared to 2008 levels and have a climate-neutral fleet from 2050. The targets exceed the objectives of the International Maritime Organization (IMO) of 40% CO2 emissions re
GasLog tightens loss in Q3
Piraeus-based LNG shipper GasLog has tightened its loss during the third quarter of 2020.
ESPO: Ports keep pursuing green goals despite COVID-19
Despite coronavirus-related challenges, European ports are on track with their environmental goals. Air quality, climate change and energy efficiency are firmly placed at the top of the league table of priorities, a new report shows.
ROBOSHIP project partners test autonomous navigation on two ships in Tokyo Bay
Tokyo-based shipping consortium e5 Lab Inc. and its partners have launched a proof of concept test to demonstrate remote control and collision avoidance algorithms on actual vessels as part of its ROBOSHIP project. Under the project, the consortium is developing the standard models of electrically p
EPIK adds bunkering services to proposed Newcastle GasDock LNG project
South Korea’s Energy Projects and Infrastructure Korea (EPIK) plans to add LNG bunkering services at its proposed Newcastle GasDock LNG import terminal in New South Wales, Australia.
Meyer Turku’s layoff tally hits 250 workers
Finnish shipbuilder Meyer Turku has decided to permanently lay off additional 84 people after closing the latest phase of talks with unions, pushing the total count of job cuts to 250. As Offshore Energy – Green Marine reported in August, the first phase of the employee cooperation negotiations (YT
Ireland’s first wind farm service catamaran starts taking shape
The Dublin-based vessel operator Farra Marine has ordered what will be the first catamaran wind farm service vessel operating under the Irish flag. The Singapore-based Penguin Shipyard started building the 27-metre Farra Orla in early September. The expected delivery is in the second quarter of 2021
ICTSI: 31 terminals join TradeLens blockchain platform
Philippine container terminal operator International Container Terminal Services, Inc. (ICTSI) has signed on to connect its 31 terminals to TradeLens, a blockchain-enabled digital shipping platform.
Drydock works begin for 1st cruise ship built in China for local market
Shipbuilder Shanghai Waigaoqiao Shipbuilding (SWS), part of China State Shipbuilding Corporation (CSSC) has started the drydock works for the first cruise ship ordered by CSSC Carnival Cruise Shipping Limited, a joint venture between CSSC and cruise company Carnival Corporation.
U-Ming scores 10-year charter for its LNG-fueled bulkers
U-Ming Marine Transport Corporation, a Taiwanese bulk carrier company, has been awarded a 10-year LNG dual-fuel dry bulk charter contract by Anglo American.
Synergy Group completes FSU conversion
Singapore-based ship manager Synergy Group has converted a 1992-built, 126,000 cubic meters capacity liquefied natural gas (LNG) carrier into a floating storage unit (FSU).