Europe’s shipping investor Hayfin has placed an order for up to four ‘enhanced methanol ready’ Suezmax tankers at South Korean shipbuilder Hyundai Heavy Industries (HHI). The contract includes two firm 158,000-dwt tankers and options for two more sister vessels with the delivery of the firm units sc
For the first time in Korea, simultaneous operations (SIMOPs) of ship-to-ship LNG bunkering were conducted for a coal-carrying bulk carrier at the POSCO raw material dock, Gwanyang port.
Hyundai Glovis, the logistics unit of South Korean auto giant Hyundai Motor Group, is allocating $1.85 billion for the acquisition of 12 LNG dual-fuel car carriers. The decision on the planned investment, approved during a board meeting held on October 26, 2023, represents a strategic move to bolste
Italian shipowner Fratelli Cosulich’s inaugural LNG bunker vessel, Alice Cosulich, has set sail from Qidong, China, towards Europe. The 8,200 m3 ship embarked on its journey on Friday, October 27, 2023, Fratelli Cosulich revealed, adding that in Europe, the vessel will play a crucial role in meeting
Japan-based trading company Itochu Corporation has signed a Memorandum of Understanding (MOU) with global engineering and construction contractor Orascom Construction on the development of ammonia bunkering in the Suez Canal, Egypt. Orascom Construction has extensive experience in the energy transit
MOL Coastal Shipping, a group company of Japanese shipping major Mitsui O.S.K. Lines, revealed that its 499 GT coastal RoRo vessel, the Tetsuun Maru No.1, trialed the use of biofuel. The biofuel used on the vessel is made by mixing waste cooking oil derived from vegetable oils and fats in Japan with
South Korean shipbuilder Hyundai Samho Heavy Industries hosted a christening ceremony last week for Euronav’s two tanker newbuilds, MV Brest and MV Bristol. The two 157,000 dwt Suezmax tankers were ordered back in 2021 costing $186 million en-bloc, and including $4.2 million in additions and upgrade
DNV has entered into a JDP with AL Group and its Singapore unit to explore the feasibility of CCS on board AL’s newbuildings.
Japanese shipping company Mitsui O.S.K. Lines (MOL) and Pyxis Maritime Pte (Pyxis) have signed a Memorandum of Understanding (MoU) to collaborate on the joint development and marketing of the electric vessels (EV) business in the Singapore region.
Singapore’s port operator PSA Singapore (PSA) and compatriot shipping company Pacific International Lines (PIL) have signed a Memorandum of Understanding (MOU) to jointly develop sustainable solutions to cut carbon emissions and optimize maritime efficiency. The duo plans to work on developing a set
Dutch ship design and engineering company C-Job Naval Architects has formed a strategic partnership with MEYER Group, wherein MEYER Group will acquire a 50 percent stake in C-Job. MEYER Group, an international consortium, operates three shipyards under MEYER Werft, located in Papenburg, Rostock, and
Members of ‘The Silk Alliance’ cross-supply chain industry partnership, initiated by the Lloyd’s Register (LR) Maritime Decarbonisation Hub, have issued an open letter to drive actions to accelerate the green corridor cluster in Singapore. The letter outlines an implementation plan with key mileston
China Classification Society (CCS) has issued a type approval certificate for methanol engine developed by Finnish technology group Wärtsilä.
Global Shipping Business Network (GSBN), an independent non-profit technology consortium, has signed a Memorandum of Understanding (MoU) with the DNV classification society. The partnership aims to promote decarbonization and accelerate the adoption of alternative fuels by enabling the trusted shari
