Enviva, a global energy company specializing in sustainable wood bioenergy, and Japanese shipping major Mitsui O.S.K. Lines (MOL) have signed a memorandum of understanding agreement to develop and deploy an environmentally friendly bulk carrier. The goal of the agreement is to reduce the greenhouse
Japanese shipbuilders Mitsui E&S Shipbuilding Co. and Tsuneishi Shipbuilding have agreed on the main terms and conditions of a business tie-up further driving consolidation in the sector. Mitsui announced plans to split its naval ship business and merchant shipbuilding business as part of its Mid-Te
South Korea’s Hyundai Heavy Industries (HHI) Group plans to go into all areas of hydrogen value chain, from production to transport, storage and use of hydrogen fuel.
Norwegian shipowner Egil Ulvan Rederi has won a contract to develop, build and operate a zero-emission self-unloading bulker, set to be powered by hydrogen and wind. The contract award from cargo owners HeidelbergCement Norway and Felleskjøpet AGRI is being revealed after an intense tender process w
South Korean shipbuilder Samsung Heavy Industries (SHI) has been selected by Evergreen Marine Corp. to build twenty 15,000 TEU containerships for the Taiwanese shipping major.
Taiwanese shipping company Wan Hai Lines has placed an order with Hyundai Heavy Industries for five 13,200 TEU container vessels. Wan Hai did not disclose the value of the deal, however, Hyundai said in a stock exchange filing that the contract was worth KRW 637 billion ($ 563 million). The new vess
Marine services provider James Fisher and Sons is pushing forward with its GHG emissions reduction plans as it aims to add two #LNG-fueled IMO II tankers to its fleet in 2022.
Hyundai Heavy Industries hosted a naming ceremony for the 16,000 TEU container ship HMM Gaon, at its headquarters in Ulsan on Monday, March 22. The colossal containership is the second newbuild from a batch of eight ships ordered by HMM. The start of the deliveries was marked by HMM Nuri earlier thi
Japanese shipping company Mitsui O.S.K. Lines (MOL) plans to install a microplastic collection device on a newbuilding woodchip carrier that will be delivered in 2022 and sail under a charter contract with Marusumi Paper. Microplastics are small particles less than 5 millimeters in diameter that are
Singapore LNG has welcomed FueLNG Bellina, Singapore’s first liquefied natural gas bunkering vessel, at the import terminal on Jurong Island, marking its first LNG reloading operation.
South Korean shipbuilding heavyweight Hyundai Heavy Industries Holdings Co. (HHIH) has signed a joint investment deal with compatriot wealth fund Korea Investment Corp. (KIC) worth KRW 1 trillion ( around $900 million). The two South Korean entities inked a preliminary agreement on the co-investment
China State Shipbuilding Corporation (CSSC) has named and delivered CMA CGM Montmartre, the 6th LNG-powered 23,000 TEU containership, to the French liner company CMA CGM. Built by Jiangnan Shipyard, the vessel forms part of a series of nine 23,000 LNG-powered vessels CMA CGM ordered back in 2017. CM
BW LNG, a unit of the Singapore-based gas shipping giant BW Group, has taken delivery of a new LNG carrier, BW Lesmes. The vessel named after the late LNG trading pioneer, Luis Lesmes, was built at the South Korean shipyard Daewoo Shipbuilding & Marine Engineering (DSME). In a brief statement throug
South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) has obtained an Approval in Principle (AiP) from DNV for its rotor sail system. A rotor sail system incorporates the installation of cylindrical columns (rotors) on the ship’s deck to generate additional power to propel the shi
