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Zhoushan Xinya Shipbuilding Maersk
Vessels

Maersk seals world’s 1st methanol dual-fuel conversion project with Chinese shipbuilder

Danish container shipping heavyweight Maersk has signed its first methanol dual-fuel conversion project with Chinese shipbuilder Zhoushan Xinya Shipbuilding Co. The momentous deal, inked during a special ceremony held on October 18, 2023, signifies the inception of the world’s maiden containership m

about 3 years ago
In focus: Hydrogen and CCS – silver bullet or cog in energy transition machine?
Vessels

In focus: Hydrogen and CCS – silver bullet or cog in energy transition machine?

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As the world turns its attention toward a new/old conflict arising in the Middle East, offshore energy players are seeking new ways to curb climate change and bring us closer to a mellifluous cleaner, greener future. The energy transition process is moving ahead with each passing day but there is no

about 3 years ago
Harland & Wolff wins £61 million contract for FPSO mid-life upgrade
Vessels

Harland & Wolff wins £61 million contract for FPSO mid-life upgrade

Harland & Wolff has secured a £61 million contract with Canadian oil and natural gas company Cenovus Energy for the mid-life upgrade of a floating production storage and offloading (FPSO) vessel. The SeaRose FPSO vessel is expected to arrive at the Harland & Wolff Belfast Yard in early 2024 and will

about 3 years ago
World's first wind-powered RoRo
Vessels

WATCH: Wallenius Wilhelmsen tests new hull of Orcelle Wind before approaching shipyards

Wallenius Wilhelmsen and its project partners are working diligently on the development of the Orcelle Wind, an innovative wind-powered Pure Car Truck Carrier. Namely, parallel to the production of the first wing prototypes, the company is also working on the fine-tuning of the vessel design. The Al

about 3 years ago
ORLEN adds two new LNG carriers to its fleet
Vessels

ORLEN adds two new LNG carriers to its fleet

Poland’s ORLEN Group is expanding the company’s presence in the global liquefied natural gas (LNG) market with two new fleet additions, LNG carriers (LNGCs) named ‘Saint Barbara’ and ‘Ignacy Łukasiewicz.’ LNG carrier ‘Saint Barbara’ pays homage to the patron saint of miners, oil and gas workers, whi

about 3 years ago
Maersk feeder bunkering with Agility tanker; Image credit Maritime & Port Authority of Singapore
Vessels

Mittal: Shipowners need to start locking in long-term supply of green fuels

In order to catch up with the ambitions of decarbonization targets for the maritime industry, shipowners are being encouraged to start proactively securing long-term contracts for green fuels from serious players as the availability of these fuels is likely to be restricted amid demand from other se

about 3 years ago
Noble jack-up rig drops anchor prior to Harbour Energy job
Vessels

Noble rig drops anchor in UK’s newest harbor before work for Harbour Energy

Noble Corporation’s jack-up rig Noble Intrepid has arrived at the Port of Aberdeen before mobilizing for Harbour Energy’s field in the North Sea. Port of Aberdeen announced on October 17 that it had welcomed the Noble Intrepid to Aberdeen South Harbour, where it will undergo reactivation work scopes

about 3 years ago
Norwegian firm to deliver compressors for SBM Offshore’s new FPSO
Vessels

Norwegian firm to deliver compressors for SBM Offshore’s new FPSO

China Merchant Heavy Industries (CMHI) has contracted Norway-headquartered TMC Compressors to deliver the completed marine compressed air system for a newbuild FPSO the Chinese yard is constructing for Dutch FPSO operator SBM Offshore. Under the contract whose value remains undisclosed, TMC will pro

about 3 years ago
Michael Parker
Vessels

Parker: Shipping financing will not be the same

Green corridors are likely to transform the realm of shipping finance as the focus shifts from emissions from ships to the entire supply chain, according to Michael Parker, Chairman of the Poseidon Principles. Parker spoke on a panel on Wednesday as part of the launch of Progress Toward Shipping’s 2

about 3 years ago
CoolCo secures sale and leaseback financing for two newbuild LNG carriers
Vessels

CoolCo secures sale and leaseback financing for two newbuild LNG carriers

Cool Company (CoolCo) has entered into sale and leaseback financing arrangements with Huaxia Financial Leasing for two LNG carriers that are being built by Hyundai Samho Heavy Industries in South Korea. Following the earlier announcement of the purchase of two 2-stroke LNG carrier newbuilds, namely

about 3 years ago
Urgent action needed to reach 5% zero-emission fuel target by 2030, says new report
Vessels

Urgent action needed to reach 5% zero-emission fuel target by 2030, says new report

In the race to achieve the 5% target for scalable zero-emission fuel (SZEF) goal by 2030, the global shipping industry has made significant progress over the past year, as revealed in a recent report from UMAS, Getting to Zero Coalition, and Race to Zero. The developments are promising, but as the 2

about 3 years ago
GTT receives new LNGC tank design orders
Vessels

GTT receives new LNGC tank design orders

French LNG containment specialist GTT has received, in the third quarter of 2023, two orders for the tank design of three new liquefied natural gas carriers (LNGCs). The company said the first two LNGCs will be built by the South Korean shipyard HD Hyundai Heavy Industries (HD HHI), on behalf of a E

about 3 years ago
ClassNK
Vessels

ClassNK: 80 million gt of zero-emission ships needed annually by 2040 to meet IMO targets

The maritime industry must build 80 million gross tonnage (gt) of zero-emission ships each year over the 14-year period from 2027 to 2040 to achieve the indicative checkpoints for 2030 and 2040 developed by the International Maritime Organization (IMO) in its 2023 Greenhouse Gas (GHG) Strategy, acco

about 3 years ago
Cyber attack
Vessels

Maritime industry remains ‘easy target’ for cyber attacks as ransom payment demands skyrocket

The maritime industry remains an “easy target” for cybercriminals, and the cost of attacks and demand for ransom payments across the sector have skyrocketed over the past 12 months, according to the research findings from law firm HFW and maritime cyber security company CyberOwl. The research reveal

about 3 years ago