Green Marine
Yara Marine launches startup accelerator program to contribute to greener maritime industry
Yara Marine Technologies, a Norway-based provider of exhaust gas cleaning systems, has announced its new corporate accelerator program, Yara Marine X.
SITC orders up to 12 gearless feeders from Yangzijiang Shipbuilding
Hong Kong-based shipping firm SITC International Holdings has placed an order for six 1, 800 TEU gearless container carriers with China’s Yangzijiang Shipbuilding. Under the deal, the company has an option to bring the ordering tally up to 12 units. The order is being placed despite the overall impa
US seizes websites of Iranian companies accused of shipping fuel to Venezuela
The U.S. Justice Department has seized three websites used by Iranian fuel traders, which are accused of being used as front companies for arranging a multimillion-dollar fuel shipment by the Islamic Revolutionary Guard Corps (IRGC) to Venezuela. The companies in question have been identified as Mob
Australia bans bulker for mistreating seafarers
The Australian Maritime Safety Authority (AMSA) has banned the Hong Kong-flagged bulk carrier Unison Jasper from Australian ports for six months.
K Line to test world’s 1st CO2 capture plant on board its ship
Japanese shipping major Kawasaki Kisen Kaisha (K Line) plans to deploy a small-scale, marine-use demonstration plant for CO2 capture onboard one of its vessels in collaboration with project partners Mitsubishi Shipbuilding and classification society ClassNK. The project is supported by Japan’s Marit
Stolt Tankers to buy CTG’s chemical tanker fleet
Norwegian shipping company Stolt-Nielsen Limited revealed today that Stolt Tankers B.V. has agreed to acquire five chemical tankers from Chemical Transportation Group (CTG) for trading in the Stolt Tankers Joint Service.
COSCO Shipping Ports eyes growth despite throughput decline
Due to challenges caused by the COVID-19 pandemic, Hong Kong-based port operator COSCO Shipping Ports suffered decreases in both throughput and earnings in the six-month period ended 30 June 2020.
AMSA bans cargo ship from Australian ports
BBC Rio, a Hong Kong-flagged cargo ship operated by JP Alliance Ship Management, has been banned from Australian ports for three months for serious and repeated safety and pollution prevention related failures, the Australian Maritime Safety Authority (AMSA) said.
Hafnia reports best-ever quarterly results, invests in methanol project
Denmark-based shipping company Hafnia has posted a net profit of $97.7 million for the second quarter of the year, claiming the best quarterly result in the company’s history despite uncertainties caused by COVID-19. The company’s net profit for the first six months amounted to $ 174.8 million with
Frontline boasts $200 million Q2 profit, lands major financing deals
Tanker shipping company Frontline booked a net income of $365 million for the first half of 2020, the strongest first half in more than 10 years, cashing in on strong quarterly earnings. For the second quarter, the Norwegian shipowner reported a net income of $199.7 million amid higher charter rates
California further clamps down on air pollution from ships while docked in ports
California has approved a new regulation designed to further reduce pollution from ocean-going vessels while docked at the state’s busiest ports. The rule builds on the progress achieved by the At-Berth Regulation adopted in 2007, which has paved the way for an 80 percent reduction in harmful emissi
Kidnapped crew members of Curacao Trader freed
The 13 crew members of product tanker MT Curacao Trader, who were kidnapped off Benin back in July, have been released and are all safe and well. The information was confirmed by the Russian Ministry of Foreign Affairs earlier this week, saying that 7 Russian sailors were released on August 24. As O
Hutchison Ports, Egyptian Navy partner up on mega-ship container terminal in Abu Qir
Port developer and operator Hutchison Ports has signed a long-term agreement with the Egyptian Navy on the development and operation of a new container terminal in Abu Qir, Egypt.
Sovcomflot’s profit rockets
Russia’s largest shipping company Sovcomflot logged a 149 percent rise in first-half net profit on the back of a strong term contracts portfolio. Sovcomflot reported a net profit of $226.4 million in the January-June period, compared to $91 million a year ago. Revenue increased by 19.8 per cent year