Green Marine
Day of the Seafarer 2020 – Unsung heroes on COVID-19 frontline
The 2020 Day of the Seafarer pays tribute to unsung heroes of the COVID-19 pandemic: the seafarers who continue to carry essential goods despite facing tremendous challenges, including being stranded on board.
CSBC-DEME reaches FID for first Taiwan-built offshore wind installation vessel
CSBC-DEME Wind Engineering (CDWE) has reached the final investment decision (FID) for the construction of Green Jade, the first Taiwan-built floating heavy-lift offshore wind installation vessel. CDWE, a joint venture of DEME Offshore and Taiwanese shipbuilder CSBC, informed in April that it had ini
Maersk, partners launch a center for zero carbon shipping
Industry majors led by shipping giant A.P. Møller – Mærsk have teamed up in an effort to develop new fuel types and technologies by launching the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping. Aside to Maersk, the founding members include ABS, Cargill, MAN Energy Solutions, Mitsubishi Heavy
Decarbonization: How to order future-proof ships when we don’t know the end game?
The path toward decarbonization of the shipping industry in line with the IMO 2050 target – a reduction of 50% by 2050 compared to 2008, which still fails to deliver fully on the Paris Agreement objectives, is filled with uncertainty, which might be the main obstacle to the very vision this journey
FSG fighting to complete LNG-powered Honfleur
The board of creditors, self-administration and management of the financially-troubled shipbuilder Flensburger Schiffbau-Gesellschaft (FSG) are fighting to continue the construction of the LNG-powered ferry Honfleur (newbuilding 774).
Gulftainer rolls out Future of Ports Startup Challenge 2020
Port operator Gulftainer has launched the Future of Ports Startup Challenge 2020 to identify startups from across the globe with the ambition to lead the transformation of the port management and logistics industries. Gulftainer has partnered with the Global Silicon Valley labs (GSVlabs), a global i
SAAM places $42 million in bonds to finance Intertug acquisition
Chilean operator of port, towage and logistics services Sociedad Matriz SAAM has placed a total of UF 1.2 million ($42 million) in bonds on the local market as the company prepares to wrap up the acquisition of Intertug.
Hyundai Heavy merges shipbuilding, offshore divisions to survive crisis
Hyundai Heavy Industries (HHI), the biggest shipbuilder in South Korea, has decided to integrate its shipbuilding and offshore business divisions and scale back the organisation by about 20 per cent.
Costamare wraps up refinancing efforts with $140 million worth of loans
Athens-based owner and provider of containerships for charter Costamare has concluded its refinancing program launched at the beginning of this year, securing a total of over $435 million in new loans since January. The conclusion of the refinancing efforts has been marked with the execution of the
ABS gives AIP to dual deadweight bulk carrier design
Classification society ABS has granted Approval in Principle (AIP) to a dual deadweight neo-panamax bulk carrier design from the StandShip Joint Development Partnership (JDP). ABS’ StandShip JDP partners include StandShip Ltd., SeaQuest Marine Project Management, Odense Maritime Technology, Mitsubis
Construction starts on 2nd Wallenius SOL LNG RoRo
China’s CIMC Raffles, part of the CIMC group, has started building the second LNG-powered RoRo ship for Sweden’s Wallenius SOL. CIMC Raffles started working on the newbuild on June 8 at its yard in Yantai. The ice class vessel is the second out of a batch of two vessels ordered last year and claimed
Hapag-Lloyd Cruises: Europa 2’s cold ironing certified by DNV GL
Europa 2, a cruise ship operated by Germany-based cruise line Hapag-Lloyd Cruises, has had its cold ironing connection certified by the classification society DNV GL.
Stena RoRo’s ferry outfitted with hybrid scrubbers
Stena RoRo has converted the former Stena Superfast X day ferry into a night ferry, boosting the ship’s capacity and outfitting it with hybrid scrubbers. Hybrid systems have the flexibility to operate in both open and closed-loop mode. Enabling ships to switch to closed-loop operations in areas wher
Royal Caribbean’s JV Pullmantur files for reorganisation
Cruises Investment Holding and Royal Caribbean Group (RCL) have filed for the reorganisation of their Pullmantur Cruceros joint venture under the terms of Spanish insolvency laws.