Canadian shipping company Algoma Central Corporation (Algoma) has placed an order for two methanol-ready 37,000 dwt product tankers with Hyundai Mipo Shipyard in South Korea. The investment is worth $127 million CAD ($96 million). The new ships will be entered on long-term time charters to Irving Oi
Finnish shipping company Finnlines and compatriot maritime software company NAPA have signed an agreement to install NAPA’s electronic reporting, fleet monitoring and stability management solutions on two newbuild Superstar-class RoPax vessels.
A Chinese-flagged bulker fitted with a domestically developed rotor sail took to the water at the No. 2 wharf of CSSC Chengxi Shipbuilding Co., a subsidiary of China State Shipbuilding Corporation, marking a solid step forward in the practical application of wind-assisted rotor technology developed
Royal Caribbean International’s first LNG-powered cruise vessel, Icon of the Seas, has left the outfitting pier from Meyer Turku shipyard situated in Turku, Finland. Icon of the Seas will be conducting week-long series of sea trials through the picturesque Turku archipelago representing a culminatio
Oil shipping company Teekay Tankers has signed agreements to equip 25 additional tankers with Yara Marine Technologies’ FuelOpt propulsion optimization technology. The order follows the installation and evaluation of FuelOpt onboard Zenith Spirit in 2021, followed by a further three vessels in 2022.
Norwegian shipowner MPC Container Ships (MPCC) has finalized the acquisition of five eco-design vessels. With a total purchase price of $136.4 million, these acquisitions come with existing charter contracts from top-tier counterparties, which the company expects to solidify its revenue-generating c
European short-sea player Wilson ASA has signed a contract for the construction of six 3,800 dwt future-proof bulkers. Under the contract, Wilson has options for eight more diesel-electric cargo vessels, totaling the order to 14 vessels. India’s shipbuilder Cochin Shipbuilding confirmed that it has
Chinese shipbuilder Dalian Shipbuilding Industry Co. held a naming and delivery ceremony for the 16,000 TEU containership MSC Chiyo. The vessel was constructed for the world’s largest container shipping company Mediterranean Shipping Company (MSC). The ship’s design was meticulously crafted by the M
Jiangsu New Yangzi Shipbuilding, a subsidiary of Yangzijiang Shipbuilding, has delivered the fourth 3,500 TEU container ship, named Maersk Glacier, to the Japanese shipowner Lepta Shipping, a joint venture between Japanese Nissen Kaiun and trading house Mitsui & Co. The company signed a charter deal
Almost two-thirds (59%) of the shipping industry underestimate the negative environmental impacts of biofouling, with as much as 1 in 4 claiming to know little about the issue, a new report by marine coatings manufacturer Jotun has found. Biofouling is caused by the build-up of micro-organisms, plan
Singapore-based Global Centre for Maritime Decarbonization and Boston Consulting Group have revealed major insights from the Global Maritime Decarbonization Survey during a presentation held at Nor-Shipping 2023’s Tradewinds Ocean Stage. The survey sheds light on the current state of maritime decarb
A total of 5.5% of fleet capacity today is alternatively fuelled, up from 2.3% in 2017, according to Clarksons’ Green Technology Tracker, which estimates the figure to reach 6.5% by 2025. Although alternative-fuelled newbuild ordering has been a little slower in 2023 to date, 48% of overall orderboo
Norled, Remota AS and Seam AS have signed a letter of intent (LOI) to collaborate on the further development and operation of a control center for marine operations and autonomous operations of ships.
Canadian shipbuilder Irving Shipbuilding has decided to invest in Green Harbour Project developed by the Verschuren Centre, which aims to make Halifax Harbour a net-zero emitter by 2050.
