Overseas Shipholding Group (OSG), a major American shipping company, has launched efforts to explore the potential of carbon capture and storage as part of its GHG emission reduction strategy. To that end, OSG has established a new subsidiary, Aptamus LLC in Delaware, which will focus on investing i
The Grimaldi Group took delivery of their multipurpose vessel the Great Antwerp on Tuesday at the Hyundai Mipo Dockyard in Ulsan, South Korea. The delivery of the new ship was celebrated with a ceremony. This is the first of the six multipurpose ro-ro units commissioned from the Korean company just
Hamilton-based tanker shipping company Teekay Tankers plans to install Shipshave, a semi-autonomous hull cleaning tool, on four more vessels this year. The installation plans are being revealed on the back of a successful trial period during sea passages to keep a silicone-coated hull free of foulin
South Korea’s flagship carrier HMM announced that it has cut its carbon emissions by half over the past decade. Namely, the shipping major’s data shows that the CO2 emissions generated when transporting 1 TEU of container for 1 km decreased from 68.7g in 2010 to 29.05g in 2021, representing a reduct
Teekay Tankers, one of the world’s leading providers of international seaborne transportation of oil, said it would implement engine power limitation (EPL) on its vessels to meet the Efficiency Existing Ship Index (EEXI) requirements. Namely, the EEXI will require a 20% improvement in vessel design
Norwegian chemical tanker company Stolt Tankers, a subsidiary of Stolt-Nielsen, has signed a two-year agreement with Canada-based Graphite Innovations & Technology (GIT). Under the deal Stol Tankers will apply GIT’s XGIT-PROP graphene-based marine coating to the propellers of 25 ships during 2023. G
Greek shipping company Aegean Shipping Management has taken delivery of M/T Green Anax, a 114,000 dwt newbuild Aframax tanker. The naming ceremony was hosted earlier today by Chinese shipbuilder COSCO Heavy Industries (Yangzhou). The vessel was classed by Bureau Veritas (BV) and the tanker is compli
The world’s largest container shipping company MSC is delivering on its promise to inject massive vessel capacity into its fleet this year. Namely, the Swiss-based container shipping giant has welcomed into the fleet another giant 24,000 TEU vessel, MSC Irina, which was built by Jiangsu Yangzi Xinfu
Guangzhou Shipbuilding International (GSI), a subsidiary of state-owned China State Shipbuilding Corporation (CSSC), has signed a contract with Guangzhou Yuanhai Car Carrier Transportation, COSCO Shipping’s joint venture, to build three 7,000 CEU pure car truck carriers (PCTCs). The dual-fuel car ca
In response to the expected strengthening of decarbonization goals for the shipping industry, South Korea has released a strategy aiming to decarbonize its shipping industry by 2050. The strategy is being released ahead of the anticipated 80th meeting of the Marine Environment Protection Committee (
Monaco-based dry bulk shipping company Safe Bulkers is set to welcome eight eco-newbuilds in the upcoming two years pushing its fleet with improved energy efficiency to 23 ships. The company’s fleet currently consists of 44 vessels, with 12 of them being eco-ships built after 2014, and three of them
Evergreen’s giant 24,000 TEU containership Ever Acme transited the Suez Canal on Friday, 3 of February, while underway on its maiden voyage from Malaysia to the Netherlands. The ship is the newest addition to Evergreen’s A-type vessel series and can carry over 24,000 containers. The head of the Sue
Subsea Global Solutions has partnered up with Bermuda-headquartered Seapeak Maritime to provide underwater hull maintenance and repair services for their fleet of over 70 vessels that include LNG, LPG, and multigas carriers. Under the arrangement, all related underwater works for the Seapeak fleet a
As we enter a new year, it is time for us to have a look back at the most-read stories from the past year. 2022 has been a rather turbulent year in many respects. As the world started to emerge from the COVID-19 pandemic, another black swan event rocked the shipping markets to the core, […]
