Athens-based Capital Ship Management Corp. (Capital) has taken delivery of the first of two ammonia and LNG fuel ready very large crude carriers. The 300,000 DWT newbuilding vessel M/T Amore Mio is an eco-type crude oil carrier fitted with a scrubber in compliance with the IMO 2020 sulphur cap. The
Retrofitting existing very large crude carriers (VLCC) to run on LNG as fuel has enormous benefits over alternative options to future-proof the ships from becoming obsolete as new environmental regulations take the stage in 2023, a new study from SEA/LNG claims. The multi-sector industry coalition c
The surging demand for methanol-powered ships over the past 12 months has been triggered by the shipping industry’s accelerating decarbonization push, which has resulted in ordering of 40 methanol-powered ships.
Italian shipowner Grimaldi has taken delivery of Eco Adriatica, the eleventh of a series of twelve hybrid RoRo vessels. With the delivery of Eco Adriatica, the fleet of Grimaldi Green 5th Generation (GG5G) class hybrid vessels, ordered from the Chinese Jinling shipyard in Nanjing, is almost complete
A total of 147 ports around the globe can bunker LNG to vessels at the moment and this figure is likely to reach 200 by 2024 as demand continues to grow, estimates from Clarksons Research show. Europe is leading the way with LNG bunkering infrastructure, with the majority of its top ports offering t
Norway-based shuttle tankers owner and operator Knutsen NYK Offshore Tankers AS (KNOT), an affiliate of NYK, has taken delivery of its first dual-fuel liquefied natural gas (LNG) shuttle tanker to be chartered to Italian energy giant Eni. The vessel, named Frida Knutsen, was delivered on 2 August at
UK-based ship management company V.Group will be providing full technical management of the three LNG dual-fuel new build ships currently under construction at Korean shipyard Daewoo Shipbuilding & Marine Engineering (DSME).
Entrance into force of the new IMO environmental regulations in 2023 is expected to slow down the supply of vessels into the dry bulk market, according to a recent market forecast by Vessels Value. The drop will remove up to 3-4% of the fleet’s effective trading capacity, based on the outlook, which
Italian shipbuilder Fincantieri has delivered the next-generation energy-efficient cruise ship Norwegian Prima to Norwegian Cruise Line (NCL), a part of the US-based Norwegian Cruise Line Holdings. The vessel has been delivered today, 29 July, at Fincantieri’s shipyard in Marghera, Venice. The Norwe
Dutch shipbuilding company Next Generation Shipyards has been selected to construct a pilot ship for the H2Ships project which aims to develop an infrastructure for shipping using hydrogen propulsion. As disclosed, the shipyard was awarded the contract to build Neo Orbis, the hydrogen ship of the Po
Swedish shipping company Furetank has ordered one more dual-fuel tanker to be added to its Vinga series of energy-efficient climate-friendly ships. Like its sister vessels, the new tanker will be built by China Merchants Jinling Shipyard in Yangzhou, with the delivery scheduled for July 2024. Fureta
French engineering company Technip Energies will supply a marine loading arm to compatriot energy major TotalEnergies as part of the floating storage and regasification unit (FSRU) project in Le Havre, France.
Enersense and Rauma Marine Constructions (RMC) have signed a new deal on outfitting work for two new LNG-fuelled car and passenger ferries at Rauma shipyard.
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
