Energy and marine solutions company Malaysia Marine and Heavy Engineering Holdings Berhad (MHB) has signed a strategic agreement with technical advisory services provider Bureau Veritas (BV) Solutions Marine & Offshore (M&O) to support industry-wide efforts to progress shipping’s decarbonisation.
German dry bulk operator Oldendorff Carriers has ordered Becker Mewis fuel-saving ducts and rudder bulbs for twelve ships. The systems will be installed on seven Babycapes and five Post-Panamaxes during the first half of 2023. Becker Marine’s Mewis Duct is a novel power-saving device that consists o
Finland-based ferry company Viking Line has managed to cut emissions from its vessels by 30 percent per nautical mile since 2008, the company revealed. The ferry owner and operator ascribed the success to a variety of measures, the greatest contributor being the € 450 million investment in the two c
German container shipping company Hapag-Lloyd has embarked on a massive fleet upgrade program in an effort to reduce the fleet’s CO2 emissions. The program will encompass more than 150 of the company’s vessels in the next five years.
The harbor tug Maju 510, owned and operated by Keppel Smit Towage, a member of Rimorchiatori Mediterranei, has won the Autonomous and Remote-Control Navigation Notation from ABS classification society. The tug is said to be the first vessel in the world to receive the notation in question from ABS a
There is significant room for improvement of propulsive efficiency of ships with new propulsor and hull form innovations to help reduce fuel consumption and add to the decarbonization efforts of the shipping industry, Finland-based research institute VTT said. Propulsive efficiency translates to the
Maersk’s offshore charging company, Stillstrom, and Port of Aberdeen have signed a memorandum of understanding (MOU) to perform a joint feasibility study into a charging hub that would use offshore wind or other renewable energy source to power vessels on standby outside the port. Running until the
Taiwanese shipping company Wan Hai Lines has acquired four 3,000 TEU containerships from compatriot shipbuilder CSBC Corporation. The purchase was revealed in a stock exchange filing on August 12. The company said that it was paying $53～55 million for each vessel bringing the total value of the cont
The maritime industry is forecast to spend $931 million on artificial intelligence (AI) solutions in 2022, according to a recent report published by Lloyd’s Register in cooperation with Thetius. That figure is expected to more than double in the next five years to $2.7 billion by 2027, a compound an
ZeroLab, Torvald Klaveness’ subsidiary dedicated to the decarbonisation of seaborne supply chains, and Australian mining and metals company South32 have partnered to complete an analysis of greenhouse gas (GHG) emissions generated through shipping, which contribute to South32’s reported Scope 3 emis
German shipowner OKEE Maritime has adopted StormGeo’s digitalization tools to improve environmental performance across its reefer fleet. The solutions include weather-based route optimization software, data reporting, and fleet performance management tools, which also feature a Carbon Intensity Indi
Athens-based Diana Shipping has entered into a deal to acquire nine modern Ultramax bulkers with an average vessel age of approximately 5.4 years from Sea Trade Holdings. The company will buy the ships for a total of $330 million, of which $220 million will be paid in cash and $110 million is to be
The Götheborg of Sweden, believed to be the world’s largest ocean-going sailing ship, has been upgraded with the latest satellite communications technology.
New York-based tanker company International Seaways has sold two veteran Panamaxes for green recycling. The duo, with an average age of 19 years, was delivered to their buyers in April 2022 and includes a 2002 and a 2004-built vessel. Buyers of the vessels and the yards where the ships would be dism
