Green Marine
New CEO takes the reins at Ulstein
Cathrine Kristiseter Marti has been appointed as the new CEO of Ulstein Group, replacing Gunvor Ulstein who has decided to step down from her operational role after 22 years. Cathrine Marti comes from the position as CFO, a role she has had for the past six years. Gunvor will remain Chair of the Boa
WEM orders CTV couple from Strategic Marine
The UK-based WEM Marine has ordered two new crew transfer vessels (CTVs) from Singapore’s shipbuilder Strategic Marine. The 27m CTVs will be powered by two Caterpillar C32 engines driving fixed pitch propellers and will be able to accommodate 24 technicians and three crew members. The vessels will b
Design unveiled for world’s 1st compressed hydrogen ship
Australia’s Global Energy Ventures revealed today the design of a new compressed hydrogen ship (H2 Ship) tailored for the transport of zero-carbon energy. The Aussie developer of global integrated marine compressed natural gas (CNG) projects anticipates that detailed engineering will be lodged as pa
CNCo creates new specialist project division
The China Navigation Company (CNCo), part of Swire Group, has launched Swire Projects, a new project division, to provide specialist shipping services to energy, resource & infrastructure sector.
Singaporean seafarers get additional unemployment assistance
Singaporean seafarers who were unable to secure shipboard employment between May and December 2020 due to COVID-19 related impact have received additional unemployment assistance. Since May 1, 2020, the Maritime and Port Authority of Singapore (MPA), together with Singapore Maritime Officers’ Union
Aegean Shipping orders Aframax pair in China
Greek shipping company Aegean Shipping Management recently entered into an agreement with Chinese shipbuilder COSCO Shipping Heavy Industry (Yangzhou) Co. to construct two 114,000 dwt tankers.
DSME nets $1.7 bln LNG carriers order
South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) has secured two orders for six LNG carriers.
China opens 10 ports to crew changes
Ten Chinese ports will resume foreign crew change operations with certain requirements in place, taking into account the current COVID-19 situation. The 10 ports include Dalian, Tianjin, Qingdao, Shanghai, Ningbo, Fuzhou, Xiamen, Guangzhou, Shenzhen, and Haikou. The move was announced by seven major
UECC joins UN Global Compact
United European Car Carriers (UECC), a Norway-based provider of shortsea RoRo transportation, has joined the United Nations Global Compact, the world’s largest corporate sustainability initiative.
Maersk braces for $100 M restructuring charge over 2,000 job cuts as it lifts Q3 outlook
Danish shipowner Maersk expects to take a restructuring charge of around $ 100 million in the third quarter of 2020 related to the redundancies of around 2,000 employees. The redundancies are part of the internal reorganization announced last month, mostly affecting the major’s Ocean and Logistics &
Neoline finds work for wind-powered sailing RoRo ships
Manitou Group, a French company specializing in handling, aerial work platforms, and earthmoving, has formalized its partnership with Neoline, a provider of eco-friendly maritime transport services via RoRo cargo ships using sails for main propulsion.
7 crew members aboard MOL’s bulker test positive for Coronavirus
Seven crew members deployed on MOL’s Capesize bulker Vega Dream have tested positive for COVID-19, the Japanese shipping company confirmed. The 2010-built vessel, manned by 20 crew members, arrived in Port Hedland, Western Australia, on October 3, after carrying out a crew change at the end of Septe
P&O Cruises takes delivery of its new LNG-powered flagship
German shipbuilder Meyer Werft has handed over Iona, a 180,000-ton LNG-powered cruise ship, to the British shipping company P&O Cruises.
KfW IPEX-Bank finances Finnlines’ hybrid RoRo ship
Germany’s bank KfW IPEX-Bank and Finnish ferry operator Finnlines, part of Italy’s Grimaldi Group, have signed a €40 million (around $47 million) loan agreement to finance a hybrid roll-on/roll-off (RoRo) vessel.