Green Marine
Man Energy Solutions to axe almost 4,000 jobs as part of restructuring measures
Marine engine manufacturing giant MAN Energy Solutions is launching an extensive cost-cutting and restructuring program that will result in the layoff of almost 4,000 people, the company said. The program is being rolled out as MAN Energy Solutions readies for a prolonged period of stagnant sales as
The Poseidon Principles: Can they accelerate the transition to greener vessels?
Shipping is a capital-intensive industry. However, over the past few years, the availability of capital within the sector has shrunk considerably as western banks cut their exposure to the market after struggling with bad shipping loans. Too many regulations, especially those targeting environmental
Hyundai Mipo, KMT and Korean Register to develop a ballast-free containership
South Korean shipbuilder Hyundai Mipo Dockyard has entered into a Memorandum of Understanding with compatriot shipper Korea Maritime Transport and the Korean Register to apply the ballast-free concept to 1,800 TEU container ships as a means of fighting marine pollution. Under the MoU, the parties wi
Two Hapag-Lloyd ships return to normal ops after crew tests negative for COVID-19
German shipping company Hapag-Lloyd confirmed that there is no active COVID-19 cases on board its two US-flagged containerships, Philadelphia Express and St. Louis Express.
Survey: Coronavirus pandemic a catalyst for shipping’s digitalization
The coronavirus pandemic is proving to be a catalyst for the digitalization of shipping, prompting ocean supply chain stakeholders to abandon manual processes and embrace automation to drive business growth, a new survey by transport management systems provider Haven Inc shows. The survey found that
SAMSA: MSC boxship released from detention after container loss
The South African Maritime Safety Authority (SAMSA) has released from detention MSC Palak, a 9,411 TEU containership that lost more than 20 containers overboard in Algoa Bay last week.
Singapore warns of increasing number of COVID-19-infected seafarers, breaches of SHN orders
Singapore Shipping Association has voiced concern about the increasing number of seafarers arriving in Singapore with COVID-19 symptoms that eventually test positive for the virus. The trend is being reported as Singapore opens up to crew changes on the back of major pressure from the industry bodie
AMSA starts campaign targeting cargo securing on containerships
The Australian Maritime Safety Authority (AMSA) is launching a focused inspection campaign targeting cargo securing arrangements on containerships visiting Australian ports.
Clean Cargo report: Container shipping’s CO2 emissions down in 2019
Carbon dioxide emissions from the world’s leading ocean container carriers continued to fall in 2019, according to a new report from Clean Cargo, a collaborative initiative for sustainable cargo shipping managed by Business for Social Responsibility(BSR). Clean Cargo’s aggregate average Trade Lane C
Hyundai Mipo secures orders for petrochemical carrier quartet
Shipbuilder Hyundai Mipo Dockyard (HMD), part of Korea Shipbuilding & Offshore Engineering Co., has received orders for the construction of four petrochemical carriers.
Maersk, Mercedes-Benz, Microsoft & others partner up on a net-zero future
Nine companies including A.P. Moller – Maersk, Danone, Mercedes-Benz AG, Microsoft Corp., Natura &Co, NIKE, Starbucks, Unilever, and Wipro, as well as Environmental Defense Fund (EDF) are launching a new initiative to accelerate the transition to a net-zero global economy. The initiative, known as T
Puget on track for Tacoma LNG launch in 2021
Puget Energy’s LNG unit still expects to fire up its liquefied natural gas facility in the Port of Tacoma on the US West Coast next year. Washington-based Puget Energy is the parent company of both state energy utility Puget Sound Energy and Puget LNG, which are building the $310 million facility. P
Tasmania’s TT-Line scraps deal with Rauma Marine Constructions to build two ferries
Australia’s TT-Line Company has withdrawn from the memorandum of understanding (MOU) with Finnish shipbuilder Rauma Marine Constructions (RMC) for the construction of two ferries.
Wilhelmsen Ship Management takes 50% stake in Ahrenkiel Steamship
Singapore-based ship manager Wilhelmsen Ship Management has acquired 50% stake Ahrenkiel Steamship, a subsidiary of Hamburg-based asset and investment manager MPC Capital AG. The joint venture will operate under the brand Wilhelmsen Ahrenkiel Ship Management in Hamburg and Rhoon, while supported by