Norwegian shipping company Kanfer Shipping AS has signed a contract with China-based Taizhou Wuzhou Shipbuilding Industry for the construction of its first two small-scale LNG bunker and distribution ships. The order for the 6,000 cbm LNG bunkering pair comes on the back of a Letter of Intent (LoI)
A Dutch court has ordered Shell to deepen its carbon emissions cuts in a ruling described as the first-of-its-kind, but Shell plans to appeal
X-Press Pearl, the feeder containership which continues to burn in Sri Lankan waters for the sixth day, has listed starboard causing some of the containers to tumble into the sea and sink. According to an update from the Sri Lanka Navy, the listing has been caused by rough seas and bad weather. As i
TR Lady Shipping, a portfolio company of Tufton Investment Management, has inked an agreement with Anemoi Marine Technologies to install rotor sails on an 82,000DWT Kamsarmax bulker. Rotor Sails, also known as ‘Flettner Rotors’, are vertical cylinders which, when driven to rotate, harness the renewa
Tanker operator Stolt Tankers, part of Stolt-Nielsen Limited, has become an official partner to Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping.
In order to achieve climate neutrality by 2050, Estonian Port of Tallinn will have to ensure that all ships moored at the port switch to green electricity or to alternative, more environmentally friendly fuels, a new report shows.
Japan-based Eco Marine Power has secured an Approval in Principle (AiP) from compatriot classification society ClassNK for its Renewable Energy System for Ships. Aquarius Marine Renewable Energy (MRE) is an advanced integrated system of rigid sails, marine-grade solar panels, energy storage modules,
Towage services provider Kotug has decided to create an inland shipping division to provide electric-powered pusher tugs and smart AI-driven dispatch and route planning applications for the inland water transportation industry.
South Korean shipping major HMM, Korea Shipbuilding & Offshore Engineering (KSOE), Korean Register (KR), LOTTE Fine Chemical, Lotte Global Logistics and POSCO have signed a memorandum of understanding (MoU) to seek feasible solutions on the green ammonia supply chain.
Containership owner and operator Seaspan Corporation, part of Atlas Corp., has entered into a note purchase agreement to issue, in a private placement, $500 million principal amount of fixed rate, sustainability-linked senior secured notes.
Harrowing images have emerged this morning of the X-Press Pearl containership, engulfed in flames with thick, black smoke billowing from the vessel. The ship was hit by a fire on May 20th while at anchorage off Colombo harbour, Sri Lanka, and the local authorities have been working to extinguish it
The discussion on carbon pricing in the maritime industry is heating up, as industry stakeholders urge for a market-based measure to finally incentivize the sector’s decarbonization journey. In a nutshell, carbon pricing would impose a cost on emitting greenhouse gases (GHGs), pushing the sector to
South Korean shipbuilding giant Korea Shipbuilding & Offshore Engineering Co. (KSOE) has secured several contracts for the construction of a total of six vessels.
Fuel cell developer PowerCell Sweden has presented an industrialized high-power fuel cell module especially developed for the electrification of marine applications.
