Norwegian tanker owner and operator Frontline revealed its highest quarterly net income since the second quarter of 2008 standing at $240 million for the fourth quarter of 2022. “The fourth quarter of 2022 may have given us a preview of the years to come in the tanker market as Frontline posts its b
Norwegian shipowner Belships has entered into agreements to acquire three new Ultramax bulk carriers which are being constructed at Japanese shipyards. The Japanese-design Ultramax bulk carriers represent the highest quality and lowest fuel consumption available in the market today, Belships said. T
German liner major Hapag-Lloyd has signed a multi-year agreement for the supply of liquefied natural gas (LNG) with Shell Western LNG B.V (Shell). The LNG is intended for Hapag-Lloyd’s twelve ultra-large dual-fuel container vessels currently under construction at the South Korean shipyard Daewoo Shi
CSSC Qingdao Beihai Shipbuilding has launched the construction of CMB’s ammonia-ready 210,000 dwt bulk carrier. The Capesize bulker is part of a contract the Belgian shipowner signed with the shipyard in January last year. The deal was described as the world’s first order for ammonia-ready Capesize
Norwegian shipping company Hagland Shipping has launched the second in a series of three new battery-hybrid bulkers being built by Dutch shipbuilding company Royal Bodewes.
AET, the petroleum arm of MISC Group, has signed a memorandum of understanding (MoU) with PETCO Trading Labuan Company Ltd (PTLCL), an indirect wholly-owned unit of Petronas, to explore a potential collaboration for deploying a future zero-emission ammonia-powered Aframax. For AET, this MoU for the
Greece-based ship management company Capital Ship Management (Capital) has taken delivery of the second out of six new liquefied natural gas (LNG) fuel-ready sister ships with an eco-friendly design.
Japanese shipbuilder Kawasaki Heavy Industries has won a shipbuilding contract for an 86,700 cmb liquefied petroleum gas (LPG) and liquefied ammonia gas (NH3) carrier from Dubai-based energy company BGN INT DMCC. The vessel is equipped with separate cargo tanks designed to carry LPG and NH3 at the s
The hull of the first-ever inland hydrogen vessel arrived in Rotterdam this morning on board the heavy lift vessel ‘Sun Shine’. The hull arrived from China after a month-long journey and will now undergo finishing touches at Concordia Damen’s Werkendam-based facility. The vessel, named ‘Antonie’, wi
Dutch short sea shipping company Vertom Group has launched the second in a series of six diesel-electric dry bulk vessels being built by compatriot Thecla Bodewes Shipyards.
Bore Ltd., part of Spliethoff Group, held a christening ceremony for its third and final LNG-fueled shortsea roll-on/lift/off (RoLo) vessel in Amsterdam on 21 February. The vessel was named Bore Wind and it belongs to a series of three ice-class 7,000 dwt ships built at the WuHu Shipyard in China. T
In response to the expected strengthening of decarbonization goals for the shipping industry, South Korea has released a strategy aiming to decarbonize its shipping industry by 2050. The strategy is being released ahead of the anticipated 80th meeting of the Marine Environment Protection Committee (
Norwegian ferry operator Norled AS has welcomed into the fleet the first of two hybrid battery-electric express ferries, built by compatriot OMA Baatbyggeri. The delivery of MS Frey follows the successful commissioning of the diesel-electric systems integrated by SEAM, a Norwegian supplier of zero-e
Singapore-based shipowner Pacific Carriers has taken delivery of the first environmentally friendly MR tanker from South Korean shipbuilder K Shipbuilding.
