As the world seeks to reduce its reliance on fossil fuels, battery-powered vessels are increasingly seen as a viable alternative to traditional diesel-powered ships. This shift is being driven by a range of factors, including advances in battery technology, the decreasing cost of batteries, and a gr
Finland-based shipping company Meriaura has managed to reduce the ships’ emissions by 11.2 percent during 2022 compared to the previous year.
German liner heavy-weight Hapag-Lloyd is not planning any significant orders this year in the newbuilding space, especially not in the ultra-large containership sector. Speaking earlier today in a virtual live session, Hapag-Lloyd CEO Rolf Habben Jansen said that if the company does move forward wit
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
Following the recent announcement of the split between Maersk and MSC on their 2M Alliance in 2025, questions are being raised on how this might affect other container shipping alliances on the market. In January this year, container shipping giants MSC Mediterranean Shipping Company (MSC) and Maers
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
Korean shipbuilding giant, Korea Shipbuilding & Offshore Engineering (KSOE), has unveiled the design of a small modular reactor (SMR)-powered ship, Business Korea reports. This marks the first time a Korean company has revealed such a detailed design concept for an SMR-powered vessel as nuclear powe
Finnish technology company Wärtsilä has signed a five-year optimised maintenance agreement with National Petroleum Construction Company (NPCC), a subsidiary of National Marine Dredging Group (NMDC Group).
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
Chinese shipbuilder Hudong-Zhonghua Shipbuilding has delivered the giant 24,116 TEU containership MSC Tessa to its owner Mediterranean Shipping Company (MSC). The massive vessel was independently designed by Hudong-Zhonghua and it belongs to the category of the world’s largest containerships based o
Japanese shipping major Mitsui O.S.K. Lines (MOL) and compatriot firm Kobe Steel have offset carbon dioxide (CO2) emissions from fuel used in ocean transport of iron ore from Australia to Japan.
In line with its decarbonization efforts, the Maritime and Port Authority of Singapore (MPA) is mandating for all harbor craft to become fully electric, capable of using B100 biofuels or be compatible with net zero fuels such as hydrogen by 2030. In addition to slashing emissions, switching from die
Greek tanker owner Performance Shipping has signed a contract with China Shipbuilding Trading Company Limited and Shanghai Waigaoqiao Shipbuilding for the construction of a 114,000 dwt LNG-ready LR2 Aframax product/crude oil tanker worth $62.6 million. The shipowner said that the tanker is slated fo
Methanol is the fastest-growing alternative fuel option being adopted by shipowners today next to LNG. The rise in popularity, especially over the past year, has been boosted by a massive vote of confidence by one of the world’s largest container shipping companies, Maersk, the example of which has
