South Korea is to provide financial assistance of ₩1.25 trillion (around $1 billion) to struggling shipping companies negatively affected by the coronavirus pandemic.
Two bulk carriers with at least 25 seafarers on board have been left to their own devices at anchor in the Port of Djibouti at the peak of the COVID-19 pandemic. According to the International Transport Workers’ Federation (ITF), the two ships have been arrested over unpaid debts and the ships have
Siemens Gamesa has inaugurated the world’s first service accommodation transfer vessel (SATV) in Taiwan. The 35-metre Ventus Formosa will operate from Taichung. The vessel will support Siemens Gamesa’s full service agreement for the Formosa 1 offshore wind project. Penguin International built the SA
Hong Kong-listed China Development Bank Financial Leasing has entered into a contract with New Ocean Shipbuilding in Jiangsu for the construction of eight bulkers. The 63,000 dwt bulkers will cost a total of $188.9 million. CDB plans to fund the investment via its own funds, bond issuance funds and
In this Guest Column, Stephen Bolton, Managing Director of Bibby Marine Services, shares his views with our readers. As an industry driving improved efficiency and effectiveness, it is my firm belief that we as service providers have a responsibility to provide information not only on what the equip
The construction of First Ship Lease Trust’s first two 114,000 DWT LR2 newbuildings in China is progressing smoothly despite COVID-19 challenges to the shipbuilding industry, the company’s trustee manager said. The ships, set to be fitted with scrubbers, are being built by COSCO Shipping Heavy Indus
Finland-based ferry company Viking Line is experiencing a growth in demand for freight transport onboard its ships, keeping its traffic volumes high despite the COVID-19 pandemic’s impact on the movement of goods. The company’s passenger traffic has been slashed, however, a heavy volume of the freig
Nauti-Craft and OFFCON have entered into a development and license agreement to introduce a new range of multi-purpose daughter craft for the offshore wind industry. OFFCON has established a company to build the new range of vessels, called Wallaby Boats GmbH. The German company secured exclusive ri
Innogy has sold and handed over its offshore installation vessel Seabreeze II and related equipment to SPIC Ronghe International Financial Leasing Co. Ltd. A corresponding agreement between innogy and the Hong Kong-based leasing company had previously been signed in February, the German energy compa
State-run Qatar Petroleum said Wednesday it has entered into a deal to reserve LNG ship construction capacity in China as part of ongoing North Field expansion projects. QP signed the deal with Hudong-Zhonghua Shipbuilding, a unit of China State Shipbuilding Corporation. The deal potentially worth m
CWind and Dalby Offshore have signed a long-term agreement, under which CWind will add four new vessels to its fleet with immediate effect. The companies also agreed on an option for two additional vessels later in the year. CWind said it had already chartered some of the new vessels following a qui
German container shipping major Hapag-Lloyd has cut its CO2 emissions per TEU kilometre by 50 percent when compared to the reference year of 2008, the company said. The goal was achieved through economies of scale as the company introduced bigger and more efficient ships with improved water resistan
The 288 MW EnBW Baltic 2 offshore wind farm in the German Baltic Sea will be serviced from the Danish port of Klintholm on the island of Møn from August 2020, EnBW said. Until now, the company’s service team of up to 25 has travelled from Rostock to a hotel vessel close to the wind […]
BMT has released details of its next generation ‘Pentamaran’ platform for autonomous applications. These vessels will be capable of performing commercial and defence missions including ISR, ASW and hydrographic surveying. The Pentamaran design aims to reduce drag as much as possible. BMT said that t
