German shipowner Vega-Reederei has placed an order for ten diesel-electric coasters at Chinese Sinomach Group, a state-owned manufacturing group.
Belgian tanker shipping major Euronav has received a commitment of $190.5 million to finance four newbuildings entering service in 2023 as part of the company’s latest sustainability-linked financing. Euronav has been working on its sustainability-linked financing since 2020, when it started convert
Japanese shipping company Mitsui O.S.K. Lines (MOL) is advancing its Wind Hunter project with the initiative to develop a pure water production system for hydrogen generation. MOL’s Wind Hunter project aims to harness offshore wind energy to produce hydrogen from water onboard and convert it into pr
The wind-assisted propulsion sector has experienced remarkable growth and continued momentum during the first half of 2023, with significant advancements reshaping the maritime industry. During this period the sector has seen five new installations, the delivery of six wind-ready vessels, and boasts
Golden Energy Offshore Services has secured another contract extension for one of its PSVs with Repsol Norge, a subsidiary of Spain’s Repsol.
As the situation surrounding the fire-stricken car carrier Fremantle Highway continues to be closely monitored, the fire on board seems to have subsided. There are no indications that the fire is still burning, according to the latest update from Rijkswaterstaat, a government agency overseeing water
The global shipbuilding industry is experiencing an impressive surge in demand for new tonnage, with a flurry of newbuilding orders and options being placed over the past week by prominent shipping companies worldwide. Data from shipbrokers shows a remarkable total of 31 firm newbuilding orders, acc
Estonian companies Baltic Workboats AS and BLRT Grupp have joined forces to build a fully electric waste collection tanker for the Port of Klaipeda.
Hengli Engine (Dalian) Co., Ltd., a subsidiary of Hengli Heavy Industry, has entered into a patent licensing agreement with marine engine powerhouse MAN Energy Solutions. The signing ceremony, attended by prominent figures from both companies, was held on July 31, marking the official initiation of
Sea Traders, owned by major Greek shipping magnate George Procopiou, has returned to China for additional bulkers. This time around the company signed an order with CSSC Huangpu Wenchong Shipbuilding Co., a subsidiary of the China State Shipbuilding Corporation (CSSC), for the construction of eight
Bermuda-based bulk carrier company Himalaya Shipping has commenced LNG bunkering of two of its newbuild ships, Mount Norefjell and Mount Matterhorn. The company announced on 2 August that the two ships were bunkered with LNG in Singapore over the last days. Mount Norefjell and Mount Matterhorn, whic
Norwegian ship owning company Ocean Yield revealed it will purchase four LR1 product tankers, to be constructed at Guangzhou Shipyard International (GSI) in China. The design of the vessels will enable the ships to be converted to dual-fuel operation with methanol as fuel. The tankers are scheduled
As per the China Classification Society (CCS), a new generation of 130m Chuanjiang standard bulk carrier, Chang Hang Huo Yun 002, which is a green and intelligent ship solely fueled with LNG, has been launched. The ship, with a deadweight of 9800 tons, is under construction by Zhijiang Shengmao Ship
Deltamarin, a Finland-based marine engineering company, has won several Pure Car and Truck Carrier (PCTC) ship design contracts in recent months featuring alternative fuels. Notably, China’s largest electric car manufacturer, BYD Auto, has commissioned four 9,200 CEU PCTCs from China Merchants Indus
