UK-based tech firm Armada Technologies has signed a contract with Bermuda-based LNG carrier owner and operator Cool Company (CoolCo) to install an air lubrication system on a CoolCo’s vessel.
EverLoNG ship-based carbon capture project partners Bouman Industries and Conoship International have signed an agreement to create a joint venture that would build ship-based carbon capture (SBCC) systems. The new partnership, called Carobotreat Maritime, aims to use its combined expertise to help
The Netherlands-based shipbuilding powerhouse Damen Shipyards Group (Damen) is spearheading a major initiative to construct four new hybrid electric Island Class vessels for BC Ferries in Canada. Damen, the same shipyard that built BC Ferries’ previous six Island Class ferries, is set to construct t
As the maritime industry charts a course for robust growth, Clarksons Shipbroking foresees a substantial increase in global shipbuilding activities, primarily driven by the growth in South Korean output. Clarksons’ estimations project a noteworthy 40 million compensated gross tonnage (CGT) output fo
The renewal of the global shipping fleet made a significant stride in 2023, with a total of 539 ships, equivalent to 45% of all newbuild orders placed last year by gross tonnage, being capable of running on alternative fuels, Clarksons Research said. “2023 was a hugely significant year in the shippi
In the maritime realm, 2023 has been a year marked by transformative projects and announcements, on both the regulatory side, ship designing, and shipbuilding front as well as demand signals for the production of alternative fuels. Amidst geopolitical turbulences in the Middle East, the ongoing conf
Greek tanker owner Performance Shipping has signed two contracts with China Shipbuilding Trading Co. and Shanghai Waigaoqiao Shipbuilding for the construction of two 114,000 dwt LNG-ready LR2 Aframax product/crude oil tankers. The oil tanker vessels are expected to be delivered in January and April
The Neapolitan shipping group Grimaldi has taken delivery of the third ro-ro multipurpose unit belonging to its “G5” class of vessels named the Great Tema. The RoRo was built at the Hyundai Mipo Dockyard Co. Ltd shipyard in Ulsan, South Korea, and it is intended for maritime transport services betwe
Spanish ferry operator Baleària has launched its second LNG dual-fuel fast ferry Margarita Salas at the Armon Shipyard in Gijón, where it is currently under construction. Worth a total investment of €126 million, Baleària’s Margarita Salas is set to commence operations next summer. “We already had a
Florida-based shipping and energy supply chain company Crowley and Carbon Ridge Inc, a U.S. developer of modular onboard carbon capture and storage solutions, have launched an onboard carbon capture pilot project. The project involves the utilization of Carbon Ridge’s patent-pending, second-generati
Finnish shipping company Finnlines has taken delivery of Finncanopus, the second of two Superstar-series freight-passenger (ro-pax) vessels. The delivery ceremony was held today at the China Merchants Jinling Shipyard in Weihai, China. The homeward voyage from the shipyard is expected to take 6–7 we
Nasdaq-listed dry bulk shipping company Star Bulk Carriers and Eagle Bulk Shipping, one of the world’s largest owner-operators within the midsize dry bulk vessel segment, revealed their intent to merge through an all-stock agreement. The merger is expected to create a dry bulk shipping powerhouse wi
China Classification Society (CCS) has awarded dozens of Approvals in Principle (AIP) at this year’s China International Maritime Exhibition (Marintec China). The exhibition is one of the most authoritative B2B platforms for the international maritime industry and it has seen numerous business deals
ERMA FIRST has received approval in principle (AiP) from Norwegian classification society DNV for its amine absorption-based onboard carbon capture (OCC) system.
