Vessels
Panama Canal cut 13 million tons of CO2 in 2020
The Panama Canal contributed to a reduction of more than 13 million tons of carbon dioxide (CO2) equivalent emissions in 2020 by offering a shorter route to ships when compared to the most likely alternative routes. These savings are equivalent to the greenhouse gas emissions of 2.8 million passenge
ABB to power South Korea’s 1st domestic fully electric ferry
Technology company ABB has been selected to deliver an end-to-end electric power and propulsion solution for South Korea’s first domestic zero-emission ferry.
Eastern Pacific Shipping hits its ESG target two years ahead of schedule
Singapore-based ship management company Eastern Pacific Shipping (EPS) has met its Environmental, Social & Governance (ESG) policy two years ahead of schedule, the company announced. EPS started disclosing a fleetwide CO2 emissions report last year, using the industry-accepted Annual Efficiency Rati
Lenders take over Polarcus assets
Following loan default, Polarcus’ lenders have taken control of its vessels and shipholding unit. On Tuesday this week, Marine seismic player said it had defaulted on debt payments and that it will halt all interest and installment payments to finance providers. That same day, the company’s shares f
MOL recycles its oldest LNG carrier
Japanese shipping major Mitsui O.S.K. Lines (MOL) has bid farewell to its first and oldest liquefied natural gas (LNG) carrier, Senshu Maru.
Wärtsilä bags 36 engines order for Arctic LNG 2 carriers
The Finnish technology group Wärtsilä has been contracted to supply dual-fuel engines for six new 172,500 cbm Arctic LNG 2 carriers.
Piriou delivers FPSV to Jana Marine
French shipbuilder Piriou has a fast personnel and supply vessel (FPSV) to Jana Marine, a Saudi Arabian provider of marine services to the offshore oil and gas industry.
World first for Tasik Subsea DSV with ABS Covid-19 safety notation
Tasik Subsea DP3 dive support vessel Southern Star is the first ship in the world to receive IDM-A (Infectious Disease Mitigation – Arrangements) class notation from U.S. classification and technical advisory ABS. Following the outbreak of the worldwide pandemic, American Bureau of Shipping (ABS) in
Biden backs the Jones Act in a new executive order
The U.S. President Joseph R. Biden, who took office just a week ago, is powering through very busy first days of presidency reversing multiple policies implemented by the previous administration. On Monday, January 25, Biden signed an executive order on strengthening American manufacturing which is
Kanfer inks LoI for LNG bunkering pair
The Norway-based Kanfer Shipping has signed a Letter of Intent (LOI) with the China-based Taizhou Wuzhou Shipbuilding Industry for a pair of small-scale LNG bunker and distribution vessels.
Samsung Heavy Industries wins deal for containership duo
South Korean shipbuilder Samsung Heavy Industries (SHI) has won an order for two large containerships from an unnamed Oceania-based company. Under the $207 million (KRW 229 billion) deal, the boxship pair is scheduled for delivery by the end of December 2022. The shipbuilder started the year with an
Enauta forced to stop Atlanta output again only day after restart
Enauta, formerly known as QGEP, has once again been forced to stop production from the only producing well on the Atlanta offshore field.
Failure to comply with new environmental rules will pose ‘a huge business risk’
With the increasing pressure for shipowners to sharpen their environmental performance, driven by IMO 2050, regional regulations and market pull from charterers, banks and investors, the decarbonization challenge is here to stay. “This represents a whole new ball game for the industry. Optimisation
ABS to class first-ever Jones Act SOV
The American Bureau of Shipping (ABS) will class the first U.S.-flagged Jones Act service operation vessel (SOV). The SOV will be engineered, constructed, and operated by Edison Chouest Offshore (ECO) for long-term charter to service the Revolution Wind, South Fork Wind, and Sunrise Wind offshore wi