Italian shipbuilder Fincantieri has secured a “green” loan totaling €415 million intended for the construction of ‘low-carbon’ cruise ship Mein Schiff Relax. The loan is being provided by Intesa Sanpaolo’s IMI Corporate & Investment Banking Division and Cassa Depositi e Prestiti (CDP)- Mein Schiff R
Nekkar’s subsidiary Techano Oceanlift has secured a contract with a Turkish shipyard worth approximately €6.5 million to deliver an offshore crane to a newbuild subsea IMR/survey vessel. Techano Oceanlift will supply a 150-tonne knuckle boom crane capable of performing subsea construction and topsid
The European Commission adopted the 12th edition of the European List of ship recycling facilities featuring 45 yards. The updated list renews the inclusion of two yards located in Türkiye and one yard located in the USA, after 5 years on the list. These include Leyal Gemi Söküm Sanayi ve Ticaret Lt
China Merchants Jinling Shipyard (CMJL) Weihai, also known as Jinling Weihai, has delivered the 7,000-CEU LNG dual-fuel car carrier CMA CGM Indianapolis to Singapore-based ship management company Eastern Pacific Shipping (EPS). The shipbuilder said that the delivery took place 102 days ahead of sche
Spanish ferry company Baleària has bought Rusadir, an electric-powered ferry that has been working for the company since last March. The vessel, which has electric propulsion and dual gas engines, operates on the Malaga – Melilla route. The maritime company thus expands its eco-efficient owned fleet
Danish container shipping major Maersk is preparing to resume vessel transits through the Red Sea following the deployment of naval assets in the region under the multi-national security initiative Operation Prosperity Guardian (OPG). Namely, the U.S. has launched a new multinational security operat
The 216-meter-long heavy lift pipelay vessel JSD 6000, designed by Ulstein and built at the ZPMC shipyard in China, has completed its sea trial and has returned to the ZPMC Changxing Base. The completed sea trial includes the testing of the marine equipment, while the sea trial to test the mission e
More than half of new vessels currently being built for Danish shipping companies will be able to sail on green fuels, trade and employer association Danish Shipping said.
Solstad Offshore has exercised its option to purchase a construction support vessel (CSV) from Norwegian Mpsv at what it finds are attractive terms. The vessel Normand Tonjer was sold to Mpsv for a gross amount of $10 million in 2021 and leased back on a bareboat agreement for a firm three-year peri
Oslo Stock Exchange-listed Prosafe is in high hopes over the upcoming tendering activity for 2025 and beyond, as the market tightens.
In recent weeks, the Red Sea has become the epicenter of heightened tensions as Yemen’s Houthi group escalated their attacks on commercial vessels, sending shockwaves throughout the maritime industry. Germany’s Hapag-Lloyd and Hong Kong’s OOCL joined on Thursday numerous shipping companies, includin
After its recently announced pivot towards the LNG shipping sector, New York-listed shipowner Capital Product Partners L.P. has closed the umbrella agreement initiated last November, paving the way for the acquisition of 11 newbuild liquefied natural gas carrier vessels. As reported by Offshore Ener
Despite the challenges that defined this year, the maritime industry may be closing the chapter on 2023 with a sense of optimism. Namely, BIMCO’s recent analysis provides a beacon of hope, suggesting that the International Maritime Organization’s (IMO) ambitious goal of achieving 5% zero or near-zer
MAN Energy Solutions, in collaboration with Germany-based stainless-steel processor BUTTING, has revealed that the world’s first selective catalytic reduction (SCR) converter intended for an ammonia engine has passed its factory acceptance test. Measuring an impressive 3.9 meters in diameter and boa
