Green Marine
China’s Chengxi to build LNG-powered tanker duo
China’s Chengxi Shipyard has secured an order to build two LNG-powered 50,000-dwt product tankers. CSSC Shipping, the leasing arm of China State Shipbuilding Corporation, is behind the order. Chengxi is also a unit of CSSC. The dual-fuel vessels have a price tag of $43 million, each. Several shipbro
IMB: 77 seafarers taken hostage since January
Violent attacks against ships and their crews have risen in 2020, with 77 seafarers taken hostage or kidnapped for ransom since January, the ICC International Maritime Bureau (IMB) said in its latest piracy report. The Gulf of Guinea off West Africa is increasingly dangerous for commercial shipping,
Cochin Shipyard to build autonomous, electric ferries that will be managed by Kongsberg Wilhelmsen JV
The largest commercial shipbuilder in India Cochin Shipyard Limited (CSL) Kochi has signed contracts for construction and supply of two autonomous electric ferries for ASKO Maritime AS, Norway with an option to build two more identical vessels. ASKO Maritime AS is the subsidiary of Norges Gruppen AS
MISC enters global ethane market with six-vessel purchase
MISC Berhad inks MOA with six subsidiaries of China-based Zhejiang Satellite Petrochemical for the purchase of six 98,000 cbm VLECs.
Japanese majors launch cross-industry initiative for zero-emission ship fuels
Nine Japanese industry majors, including shipping companies and shipyards, have joined forces in the Ship Carbon Recycling Working Group with the aim of studying carbon recycling for the purpose of powering ships. Participating members include EX Research Institute Ltd., Hitachi Zosen Corporation, J
Cryopeak, ITB in Western Canada LNG bunkering move
Canadian LNG distributor Cryopeak has joined forces with marine bulk fuels transporter Island Tug & Barge to deliver bunkering services in British Columbia. Cryopeak said in a statement on Wednesday it signed a memorandum of understanding with ITB, a unit of Tidewater Canada. The duo have developed
Nakilat logs 15.5 percent profit rise
Qatar’s Nakilat, the world’s largest LNG shipper, reported a 15.5 percent rise in first-half profit as it reduced administrative costs and purchased stakes in four vessels. The Qatari LNG shipping giant posted a net profit of 550 million riyals ($151 million) compared to 476 million riyals in 2019.
UK court clears way for widow of Bangladeshi ship-breaking worker to sue tanker company
The UK High Court ruled on Monday, July 13, that the widow, whose husband lost his life while dismantling a supertanker in Bangladesh in 2018, can pursue a negligence claim against Maran (UK) Limited, a British company involved in the ship’s sale. The court said that Maran (UK) arguably owed a duty
Isle of Man Ship Registry launching new app to help seafarers during COVID-19
The Isle of Man Ship Registry is set to launch the first-ever seafarer welfare app designed by a ship registry.
Danaos slashes CO2 emissions 11 years ahead of schedule
Greek containership owner Danaos Corporation managed to meet IMO 2030 carbon reduction targets eleven years ahead of schedule.
Enterprise completes combination loading of NGL and Olefins
North American provider of midstream energy services Enterprise Products Partners L.P. has loaded combination cargoes of natural gas liquids (NGL) and Olefins on the same vessel. During the month of July, Enterprise completed the simultaneous loading of propane and polymer grade propylene into separ
BW sells old LPG vessel
BW LPG, a unit of the Singapore gas shipping giant BW, has sold its old carrier Berge Summit to an unidentified owner for continued trading. The LPG shipper says the sale would generate about $9 million in liquidity and an expected net book gain of $4 million. BW took ownership of the 1990-built ver
FSG’s insolvency proceedings set to start in August as sale talks with Pella Siestas continue
The Flensburg District Court will open insolvency proceedings concerning Flensburger Schiffbau-Gesellschaft mbH (FSG) on August 1st, the company said in an update. To remind, the German cash strapped shipbuilder filed for the opening of insolvency proceedings at the local court in Flensburg in April
Allianz: 14 big ships lost in Asian waters in 2019
Asian waters accounted for a third of large vessels lost at sea globally last year, even as large shipping losses are at a record low having fallen by over 20 per cent year-on-year, according to Allianz.