The European Commission will not extend the EU legal framework exempting liner shipping consortia from EU antitrust rules, known as the Consortia Block Exemption Regulation (CBER). This decision comes after a review process initiated in August 2022, with the CBER set to expire on April 25, 2024. The
Maritime fuel supplier Peninsula has won an LNG bunkering operator license from the Government of Gibraltar and the Gibraltar Port Authority. The company recently sent its new 12,500 cubic meters LNG supply vessel, Levante LNG, to the Strait of Gibraltar. Levante LNG will be operated by Peninsula, s
The International Chamber of Shipping (ICS) has launched a Carbon Intensity Indicator (CII) Data Collection System. CII is a rating system developed by the International Maritime Organization (IMO) to measure the energy efficiency of ships, above 5,000 gross tonnage and trading internationally. It c
South Korean shipbuilding major Samsung Heavy Industries (SHI) has secured an order for the construction of a liquefied natural gas (LNG) carrier. The contract, which is valued at a staggering KRW 350.8 billion ($260 million), was awarded by an unnamed Asian shipowner. The vessel is expected to be c
A 210,000-ton LNG dual-fuel bulk carrier built by Beihai Shipbuilding, a subsidiary of China State Shipbuilding Corporation (CSSC), has completed sea testing. CSSC said that during the trial, the shipowner, ship inspector, shipyard and service providers worked together, made arrangements, coordinate
Italian shipbuilder Fincantieri has signed a contract for the construction of liquified natural gas (LNG) dual-fuel RoPax ferry for Sicilian Region.
Greek shipping magnate Evangelos Marinakis, alongside his son Miltiadis and private company Capital Maritime & Trading, has revealed plans to propose a significant shift in the business focus of New York-listed shipowner Capital Product Partners. The proposal, disclosed in a filing with the U.S. Sec
After months of tense negotiations and legal disputes, Compagnie Maritime Belge (CMB) has announced a breakthrough agreement with Frontline and its affiliated company Famatown Finance Limited that paves the way for resolving the ongoing deadlock within Belgian tanker major Euronav. CMB, along with i
Van Oord’s flexible fallpipe vessel Nordnes has installed 20 million tonnes of rock, a record that the Dutch company said was unparalleled in the subsea rock installation market. Nordnes has been installing rocks on the seabed since 2005 and has now installed 20 million tonnes of rock in total. The
A coalition of industry leaders, environmental advocates, and policymakers have called for the inclusion of Carbon Capture and Utilisation (CCU) and Carbon Capture and Storage (CCS) technologies in the European Union’s Net Zero Industry Act (NZIA) as strategic net-zero technologies. The joint statem
Bermuda-based bulk carrier company Himalaya Shipping has signed time charter agreements for two of its LNG dual-fuel vessels currently under construction at New Times Shipyard in China. According to the company, the vessels will commence a two-year time charter with “an evergreen structure” upon del
The latest agreement between Belgian shipping major CMB and its Norwegian counterpart Frontline signals a new chapter for tanker owner Euronav, one that holds the promise of resolving long-standing disputes and steering the company toward a more diversified and sustainable future. Specifically, CMB
The first in a new series of twelve new green methanol-powered containerships ordered by Danish shipping giant A.P. Moller Maersk has been launched at South Korea’s shipyard Hyundai Heavy Industries (HHI).
The sixth 24,000TEU ultra large container ship MSC Micol built by Yangzi Xinfu Shipbuilding, a subsidiary of Yangzijiang Shipbuilding Group, was delivered to the shipowners Seaspan and Mediterranean Shipping Company (MSC) and put into operation.
