Belgian tanker shipping company Euronav NV and its controlling shareholder CMB NV have entered into a share purchase agreement for the acquisition of 100% of shares in cleantech maritime group CMB.TECH for $ 1.150 billion in cash. Euronav said that the move fits its renewed strategy of diversificati
Japanese shipping company Mitsui O.S.K. Lines (MOL) has received approval in principle (AiP) from classification society ClassNK for the design of a floating storage and regasification unit (FSRU) for ammonia.
Swedish electrofuel (eFuel) developer Liquid Wind has submitted an environmental permit application for the company’s third commercial-scale green electrofuel facility, FlagshipTHREE, at the Land and Environment Court in Umeå, Sweden. According to Liquid Wind, once operational, FlagshipTHREE, locate
Despite the challenges that defined this year, the maritime industry may be closing the chapter on 2023 with a sense of optimism. Namely, BIMCO’s recent analysis provides a beacon of hope, suggesting that the International Maritime Organization’s (IMO) ambitious goal of achieving 5% zero or near-zer
MAN Energy Solutions, in collaboration with Germany-based stainless-steel processor BUTTING, has revealed that the world’s first selective catalytic reduction (SCR) converter intended for an ammonia engine has passed its factory acceptance test. Measuring an impressive 3.9 meters in diameter and boa
China Classification Society (CCS) has signed a strategic cooperation agreement with Swiss turbocharger producer Accelleron to work on the development of green fuels and upgrade of ammonia and methanol engines for ships.
Canadian shipping company Canada Steam Ship Lines (CSL) has entered into a 20-year strategic partnership with Adelaide Brighton Cement Ltd. (Adbri) to build and operate what has been described as the ‘world’s first fully electric battery-capable self-unloading vessel’. The custom-designed ship is in
Greek tanker owner Performance Shipping has signed two contracts with China Shipbuilding Trading Co. and Shanghai Waigaoqiao Shipbuilding for the construction of two 114,000 dwt LNG-ready LR2 Aframax product/crude oil tankers. The oil tanker vessels are expected to be delivered in January and April
Danish ferry operator Scandlines has contracted Norwegian Electric Systems AS (NES) to deliver an onshore charging system for its berth in Puttgarden, Germany. The Norwegian maritime system integrator NES will deliver the land-based charging system to the Puttgarden ferry berth, and connect the equi
Japanese shipping major NYK Line has revealed it will install a Variable Compression Ratio (VCR) system on LNG (liquefied natural gas) fueled car carriers to be built by Shin Kurushima Dockyard.
Singapore-based shipping company Pacific International Lines (PIL) has celebrated the beginning of the construction of its first 8,000 TEU LNG dual-fuel containership, Kota Ocean, at the Chinese shipyard Yangzijiang Shipbuilding. On December 19, representatives from PIL, Yangzijiang Shipbuilding, an
Ocean transportation solutions provider Höegh Autoliners and Swiss energy company VARO have formed a strategic partnership focused on the use of biofuels to advance the decarbonization of the maritime sector. The collaboration will see VARO supply Höegh Autoliners with 100% advanced biofuels for dee
Classification society ABS has joined hands with Garden Reach Shipbuilders and Engineers (GRSE), Seatech Solutions International and Shift Clean Energy to work on the development of electric tugboats for the Indian market.
A consortium led by Harim Group, the parent company of bulker operator Pan Ocean, has secured its position as the preferred bidder for the acquisition of South Korean shipping company HMM, Harim confirmed earlier today in a regulatory filing. The consortium, comprising Harim and its private equity p
