Hamburg-based asset and investment manager MPC Capital has acquired a 50% stake in the compatriot performance management firm BestShip from Norway’s maritime group Wilhelmsen, a move expected to help the company ‘reinforce’ its position in energy transition-related activities. As disclosed, BestShip
The Port of Klaipėda in Lithuania has begun installing the required infrastructure to supply electricity to moored vessels, a move expected to ‘significantly’ cut down on harmful emissions and noise pollution in the area. As disclosed, this endeavor involves the construction of three stations that w
Four 18,000 cubic meter (cbm) LNG bunkering vessels will be built by HD Hyundai Mipo in Ulsan.
German cruise line TUI Cruises, a joint venture between TUI AG and Royal Caribbean Cruises, has taken delivery of Mein Schiff Relax, the first of two liquefied natural gas (LNG) dual-fuel cruise ships being constructed by Italian shipbuilding player Fincantieri. As disclosed, the red carpet for the
China’s green energy technology company Dealfeng New Energy Technology recently completed a multi-million RMB Pre-A Series funding round, attracting investment by TZME (TianJin), a compatriot company active in the mechanical equipment industry.
Van Oord’s ten-year-old cable laying vessel (CLV) Nexus has been equipped with advanced selective catalytic reduction (SCR) systems said to reduce 80% of nitrogen (NOx) emissions. Damen Shipyards Group, who built the cable layer ten years ago, installed five SCR units on the Nexus, one for each engi
Norwegian ammonia distributor Yara Clean Ammonia and Japan’s shipping company NYK Line have concluded what is said to be the “world’s first” time-charter contract for an ammonia-fueled medium gas carrier.
Maritime-related initiatives are among 39 innovative projects—-dedicated to deploying alternative fuel infrastructure—that have been selected by the European Commission.
In line with efforts to promote decarbonization in maritime transport, Japanese shipping major NYK Line has conducted the first biofuel test run on its coal carrier for a domestic power utility company.
Greece-based ballast water treatment specialist ERMA FIRST has formally joined Green Marine, an environmental certification program for the North American maritime industry. As disclosed, the company stepped aboard the program to ‘bolster’ its commitment to ecologically responsible shipping on both
The European Commission has earmarked a €~120 million CEF grant to support the development of a liquified CO2 receiving terminal at Prinos Carbon Storage located in the north of Greece.
Despite a US State Department announcement stating that US Navy ships can transit the Panama Canal without fees, the canal’s governing authority has asserted that they are not exempt from tolls just yet. On February 5, 2025, the US State Department said in a post on X , formerly Twitter, that the Un
The Oceanic Platform of the Canary Islands (PLOCAN) has joined the Net-Zero Mar Alliance, an initiative aimed at accelerating the decarbonization of the maritime and port sectors.
The US Federal Maritime Commission (FMC) has cleared the Premier Alliance, a global shipping alliance between South Korea’s HMM, Singapore’s Ocean Network Express (ONE) and Taiwan’s Yang Ming Marine Transport Corporation, for take-off. According to the FMC, the Premier Alliance will start on Februar
