Italian shipbuilder Fincantieri has signed a sustainability-linked revolving credit facility with compatriot bank Intesa Sanpaolo for a maximum amount of €500 million (around $505 million). According to Fincantieri, the three-year financing is aimed at covering the financial requirements of the cons
Japanese shipping company MOL Drybulk and the UK-based renewable energy company Drax Group have formed a partnership to reduce emissions and fuel costs associated with shipping biomass by deploying wind power technology on vessels. As part of their partnership, the companies plan to facilitate the d
Bermuda-registered, Norway-based dry bulk shipping company Golden Ocean Group Limited (GOGL) has entered into agreements for the construction of three 85,000 dwt ECO-type dual-fuel vessels.
South Korean shipbuilding group Korea Shipbuilding & Offshore Engineering (KSOE) has received two orders for the construction of a total of ten liquefied natural gas (LNG) carriers.
Hybrid-electric passenger vehicle ferry, designed by the US naval architect Elliott Bay Design Group (EBDG) for Maine ferry operator Casco Bay Lines, is entering the construction phase at Senesco Marine shipyard at Rhone Island. The hybrid-electric 50-metre ferry will replace an existing diesel-powe
Explora Journeys, part of MSC, and Fincantieri have signed (MOA for the construction of an additional two hydrogen-powered cruise ships.
American cruise line Royal Caribbean International has held a keel-laying ceremony to mark the ‘first major step’ in the construction of Utopia of the Seas – the first LNG-fueled ship of its Oasis class. The keel-laying ceremony took place on 1 July at the Chantiers de l’Atlantique shipyard in Saint
Seeing liquefied natural gas (LNG) as a commercially viable fuel solution, Singapore-based shipping company Pacific International Lines (PIL) has placed an order for four 8,000 TEU LNG dual-fuel container vessels. On 5 July, the company said it awarded a contract to the Chinese shipyard Yangzijiang
South Korean shipyard Hyundai Mipo Dockyard (HMD), part of Korea Shipbuilding & Offshore Engineering (KSOE), has received a contract for the construction of one liquefied petroleum gas (LPG) carrier.
Singapore-based shipowner Eastern Pacific Shipping has taken delivery of what is said to be the world’s first liquefied natural gas (LNG) dual-fuel Suezmax tanker – the 157,300 dwt Greenway. The 274-metre vessel was built at Guangzhou Shipyard International, part of China State Shipbuilding Corporat
Shipping joint venture Proman Stena Bulk has accepted delivery of the second methanol-powered newbuild tanker, Stena Pro Marine.
Singapore-based shipbuilder Sembcorp Marine has handed over the second of three identical battery-operated roll-on/roll-off passenger (RoPax) ferries to Norwegian ferry operator Norled AS.
Améthyste, ArianeGroup, Cetim, HDF Energy, Rubis Terminal and Sofresid engineering have teamed up to develop a multi-service power barge ELEMANTA H2, designed to supply green electricity and hydrogen to large ships, reducing their polluting emissions by more than 80% during port calls.
Norwegian container tonnage provider MPC Container Ships ASA has ordered two carbon-neutral 1,300 TEU newbuildings at Chinese shipyard Taizhou Sanfu Ship Engineering.
