Kongsberg Maritime has completed a live trial of autonomous shipping technology in Bornem, Belgium, demonstrating the progress the company has made in fully autonomous systems. The test vessel, Zulu 4, an inland waterway barge owned by Blue Line Logistics NV, is equipped for remote-operated and auto
Singapore-based ship owner and operator BW Epic Kosan has secured its first sustainability-linked loan, valued at up to $140 million. The company plans to use the loan to refinance 19 vessels, while an additional acquisition line of $20 million will support potential growth opportunities. The loan i
Newfoundland and Labrador-based renewable energy company World Energy GH2 Inc. has acquired the Port of Stephenville, located on the West coast of Newfoundland, Canada. The port is a critical piece of infrastructure as World Energy GH2 works to advance green energy projects in Atlantic Canada which
Japanese shipbuilder Tsuneishi Shipbuilding aims to exclusively produce dual-fueled vessels by 2035, transitioning away from ships equipped with crude oil-based engines. The move is part of the shipyard’s strategy to become carbon neutral by 2050 by implementing eco-friendly practices across all asp
A recent analysis by Maersk Mc-Kinney Moller Center has identified four key constraints that may hinder the supply of renewable electricity to the maritime industry in the 2030s and 2040s, potentially leading to a shortage of e-fuels. The key constraints highlight the challenges that need to be addr
Ulrik Uhrenfeldt Andersen, the CEO of Golden Ocean Group, revealed his decision to step down from the position after leading the company through a period of immense growth and environmental transformation. GOGL’s board has appointed Lars-Christian Svensen, Golden Ocean’s Chief Commercial Officer, to
Norwegian tanker shipping heavyweight Frontline has secured a sustainability-linked loan, totaling up to $129.4 million. The financing was obtained through a senior secured term loan facility with Dutch banking group ING, which according to Frontline, offers attractive terms and is intended to refin
French CMA CGM Group has finalized the acquisition of La Méridionale, a mixed-use freight and passenger shipping company established in Marseille since 1931. The acquisition marks a significant step for CMA CGM as it expands its specialized shipping operations and bolsters its decarbonization effort
Taiwanese shipping company Yang Ming Marine Transportation Corporation has signed a contract with South Korea’s shipbuilding major HD Hyundai Heavy Industries Co., for the en bloc construction of five 15,500 TEU LNG dual fuel container vessels. These new vessels are scheduled to be delivered in 2026
German engine manufacturer MAN Energy Solutions says its long-awaited engine is ready to burn ammonia on a single cylinder.
The Swedish Energy Agency has granted funding for a feasibility study to establish a logistics node for captured carbon dioxide (CO2) at Stockholm Norvik Port. The initiative, named Norvik Infrastructure CCS East Sweden (NICE), aims to develop a regional, sustainable, and cost-efficient infrastructu
The shipping industry reported the lowest number of large ships lost in a year, according to Allianz Global Corporate & Specialty SE’s Safety & Shipping Review 2023. In 2022, there were 38 total losses of vessels worldwide, a significant decrease of more than a third compared to the previous year. T
Bermuda-based bulk carrier company Himalaya Shipping has taken delivery of the fourth LNG dual-fuel 210,000 dwt Newcastlemax newbuilding from New Times Shipbuilding (NTS) in China. The delivery of the vessel Mount Blanc was announced on 31 May, some three months after its launch. The vessel will com
Norwegian Company Pherousa Green Shipping, in collaboration with Pherousa Green Technologies, has revealed plans to potentially order up to six Ultramax dry bulk carriers, developed in cooperation with Deltamarin in Finland, specifically tailored to run on ammonia as a fuel. The Ultramax ships will
