Vessels
Hapag-Lloyd reports COVID-19 cases on two ships
German container shipping company Hapag-Lloyd reported that two of its vessels were facing delays amid COVID-19 infection cases among the crew. The two ships include CSL Manhattan, a 2005-built Panamax containership commercially controlled by Hapag, and Tsingtao Express, a 2007-built Post-Panamax co
CGN orders Wärtsilä engines for hybrid ferries
The Finnish technology group Wärtsilä has been selected to supply the engines and related emissions control after-treatment systems for two CGN hybrid ferries.
Marine Benchmark: Shipping’s CO2 emissions to rise despite efficiency gains
Global CO2 emissions will continue to rise and track fleet growth, a new analysis by Swedish big data firm Marine Benchmark shows.
Environmentalists blast UN for lack of ambition as IMO adopts GHG reduction measures
The International Maritime Organization (IMO) has approved a number of measures aimed at cutting the shipping sector’s carbon emissions in the next decade. The measures adopted at the IMO’s Marine Environment Protection Committee (MEPC) taking place virtually from 16-20 November included amendments
ABB to supply power and propulsion systems for 5 Fincantieri-built ships
Technology company ABB has secured an order worth around $150 million to deliver a comprehensive scope of technologies to power next-generation cruise ships being built by Italian shipbuilder Fincantieri
Qatargas delivers first Q-Max cargo to Tianjin LNG
Qatargas Operating Company Limited (Qatargas) has completed the delivery of the first cargo of liquefied natural gas (LNG) on a Q-Max LNG carrier to the Tianjin LNG receiving terminal in China.
CDB Leasing splashes $137 million on Oldendorff’s sextet
Hong Kong-listed China Development Bank Financial Leasing is buying six vessels from German shipowner Oldendorff Carriers GmbH & Co for $137 million. The vessels include six 60,000-ton bulkers, CDB Leasing said, adding that upon the completion of the transaction the vessels would be leased back to O
Scorpio Bulkers nets $101.5 million as it kicks up a notch its bulker selling spree
Scorpio Bulkers Inc. has entered into agreements with two unaffiliated third parties to sell five Kamsarmax bulkers for a total of $101.5 million. The ships that will be changing hands are the SBI Parapara, SBI Jive, SBI Swing and SBI Mazurka, Kamsarmax bulk carriers built in 2017, and SBI Reggae, a
EU adds 4 more ship-recycling facilities to its list as UK yards face Brexit-related removal
The European Commission has added new yards to the European List of ship recycling facilities suitable for the dismantling of EU-flagged vessels in an environmentally-friendly way. These include two European yards and two more yards in Turkey. “With the addition of these new yards, ship owners of EU
DSME wins $652 million deal to build 6 ULCVs
South Korean shipbuilding major Daewoo Shipbuilding and Marine Engineering (DSME) has inked a deal to build six containerships for an undisclosed European shipowner. The contract is worth $652 million (KRW 722.6 billion), the shipbuilder disclosed in a regulatory filing. The containerships are sched
Cargo ship catches fire off Greek coast, crew evacuated
A fire broke out on board a Togo-flagged general cargo vessel which was moored near Elafonissos, Greece, the Hellenic Coast Guard said.
Capital Gas takes delivery of LNG newbuild
Greek shipping company Capital Gas, a unit of Capital Maritime Group took delivery of its newbuild LNG carrier Aristos I.
Kongsberg sees growth in shuttle tanker business despite pandemic
During 2020, Norway-based marine technology company Kongsberg Maritime won contracts for twelve of its shuttle tanker concepts, with a value totalling over NOK 400 million ($43.7 million).
Moody’s: Shipping to end 2020 better than expected
The rating agency Moody’s has revised its outlook for the shipping industry from negative to stable as the sector outperformed the agency’s projections for this year. The rating agency said the outlook for the global shipping industry had been negative since March 2020 coinciding with the impact of