In a significant development for China’s shipbuilding industry, the China State Shipbuilding Corporation (CSSC) and French liner heavyweight CMA CGM have inked an agreement to construct 16 large container ships worth more than 21 billion Yuan ($3.06 billion). The order comprises of twelve 15,000 TEU
Dutch shipbuilder Damen Shipyards Group posted a revenue of €2.5 billion for 2022 for the first time in the company’s history. The shipbuilder said that the achievement was made despite the effects of the war in Ukraine, which had, and continues to have, a significant impact on business operations.
The global maritime industry faces unprecedented challenges due to rapidly changing market conditions and technological advancements driven considerably by the ever-stricter environmental regulations. The current model of maritime transport operations, which relies heavily on traditional practices,
A new report by University Maritime Advisory Services (UMAS), an independent advisory and research consultancy specializing in maritime and ocean-related sustainability issues, sheds light on the pressing need for a significant improvement in energy efficiency in the global shipping industry by 2030
MacGregor, part of Cargotec, has received a repeat order for comprehensive packages of roll-on/roll-off (RoRo) equipment for a total of five pure car and truck carriers (PCTCs) under construction for the Italian shipping company Grimaldi Group. The vessels with a loading capacity of over 9,000 CEU a
British cruise line Swan Hellenic has welcomed into the fleet its third and largest vessel, SH Diana. The hybrid diesel-electric expedition ship has a polar Class 6 ice-strengthened hull and it has been constructed by the Finnish Helsinki Shipyard. The vessel delivery ceremony took place at the ship
This is a free premium article to give you a sample of what Offshore Energy has to offer as part of our premium section. Upgrade for premium access here. The decarbonization conundrum in the shipping industry persists due to a multitude of challenges, including the high cost of alternative fuels, th
Portugal is the latest country to accede to IMO’s Hong Kong Convention for the Safe and Environmentally Sound Recycling of Ships. The convention covers the design, construction, operation, and maintenance of ships, and preparation for ship recycling to facilitate safe and environmentally sound recyc
J. Lauritzen, a Danish investment company focused on maritime industries, has signed a letter of intent (LoI) with Japanese shipbuilder Tsuneishi Shipbuilding for the construction of methanol dual-fuel bulk carriers. The LoI includes the construction of minimum two methanol dual-fuel 81,200 dwt Kams
Turkish Uzmar Shipyard has held a steel-cutting ceremony for Turkey’s first dual-fuel tugboat, being built for BOTAŞ Petroleum Pipeline Corporation (BOTAS), the state-owned crude oil and natural gas pipelines and trading company. The shipyard will build two Voith tractor-type propeller tugboats that
China’s shipbuilding major Jiangnan Shipyard, a subsidiary of China State Shipbuilding Corporation, has delivered 24,100 TEU MSC Raya to its owner Bank of Communications Financial Leasing (Bocom), which ordered the ship on behalf of the world’s largest container shipping company MSC. The vessel is
Alternative fuel ships have accounted for around 60% of new orders since the start of 2022 in GT, primarily driven by LNG dual-fuel vessel orders, and increasingly methanol, and now account for 5% of fleet GT and 47% of orderbook, data from Clarksons shows. Looking at the fleet profile, the shipbrok
German shipyard Meyer Werft has laid keel for Disney Treasure, the second LNG-powered cruise ship it is building for US-based Disney Cruise Line. According to Meyer Werft, the keel laying ceremony took place on 31 March to celebrate the start of hull assembly for the new cruise ship by placing the f
MF Hydra, the world’s first liquid hydrogen-powered ferry operated by Norwegian company Norled, is breaking ground as it starts sailing on zero-emission hydrogen with a blessing from the Norwegian Maritime Authority. The ferry is put into operation today, 31 March, running on zero-emission hydrogen
