SAAM, a company providing port, logistics and towage services in the Americas, concluded the purchase of 21 tugboats from the Brazilian company Starnav. Starnav’s fleet includes 19 tugs currently in operation and two additional vessels in the final phase of construction. “This is one of the largest
Japanese shipowner Nissen Kaiun has placed a new order for eight tankers, each with a capacity of 50,000 deadweight tons (dwt), according to a recent report from Intermodal. The vessels will be fully compliant with Tier III and EEDI Phase 3 regulations, which sets strict limits on carbon emissions a
Following a 4 percent increase in average sailing speed during the COVID-19 pandemic triggered by strong demand and widespread port congestion, the situation today is very different in the liner sector. Namely, during the first quarter of 2023 the average sailing speed has slowed to 13.8 knots, down
Despite oil demand in the transport sector being forecast to half by 2050, the present pace of the transition still falls severely short of the goals of the Paris Agreement, the recent Transport in Transition report from DNV shows. Today, transport of passengers and goods accounts for about a quarte
Danish container shipping heavyweight Maersk has hailed the agreement reached on the new FuelEU Maritime regulation, a first-of-its-kind legislation designed to speed up the adoption of green fuels and promote decarbonisation in the shipping industry by the end of the decade. FuelEU Maritime takes a
Danish container shipping major Maersk has reported a massive drop in its ocean revenue for the first quarter of this year, plunging by $5.7 billion to $9.9 billion year-on-year amid lower freight rates and softened demand. Last year saw a record performance of container shipping majors, impacted by
PSA Marine, through its wholly-owned subsidiary PSA Marine Americas, completed the acquisition of 45% stake in Meyer’s Tugs S.A. from Inversiones Maritimas CPT S.A., a wholly-owned subsidiary of CPT Empresas Maritimas S.A. “CPT and PSA Marine share a passionate belief of growing the towage service o
Damen Shipyards Group has delivered two RSD Tugs 2513 to the Hamburg-based tugboat operator Fairplay Towage Group. The vessels will operate in Germany and Poland, respectively. Fairplay has also signed a further contract which will see Damen delivering an additional three tugs to its client; two mor
Italian classification society RINA has signed a Memorandum of Understanding (MoU) with the World Maritime University (WMU) aimed at promoting academic, technical, and educational exchange between the two institutions. The goal of the MoU is to inspire leadership and innovation for a sustainable mar
Greek shipowner Dynacom Tankers Management has reportedly ordered ten 115,000 dwt Long-Range 2 tankers at China’s Dalian Shipbuilding Industry (DSIC). The LR2 tankers will begin to deliver in the second half of 2025 and continue throughout 2026, Clarksons Shipbrokers said in a weekly report. Broker
Purus Marine, a rapidly expanding UK-based shipping company, has placed an order for four new LPG carriers with a capacity of 45,000 cubic meters each. The vessels will be equipped with scrubber technology and built by Hyundai Mipo in South Korea, with delivery expected from the second half of 2025
Classification society DNV has joined a working group that aims to develop a technical reference (TR) for methanol bunkering for Singapore, the world’s largest bunkering hub. DNV announced at Singapore Maritime Week that it joined the multi-stakeholder working group on methanol bunkering, managed by
Navigator Gas, owner and operator of handysize liquefied gas carriers, has entered into a secured term loan facility which includes sustainability and gender diversity-linked performance indicators. The company entered into the facility agreement with among others, Nordea Bank Abp, ABM AMRO Bank N.V
Toro Corp., a tanker spinoff of U.S.-Listed Castor Maritime, has entered into agreements with an unnamed third-party to acquire three 2015 Japanese-built 5,000 cbm LPG vessels and one 2020 Japanese-built 5,000 cbm LPG vessel. The aggregate purchase price for the four LPG vessels is $70.7 million. Th
