German liner company Hapag-Lloyd has completed its acquisition of 40% shareholding in J M Baxi Ports & Logistics Limited (JMBPL) previously approved by the relevant antitrust authority. The acquisition deal was inked in January 2023 when Hapag-Lloyd had made an agreement with an affiliate of Bain Ca
South Korean shipping major HMM plans to conduct field tests of an onboard carbon capture system (OCCS) for containerships along with Samsung Heavy Industries (SHI) and PANASIA in the second half of this year. OCCS is an advanced technology to capture CO2 from greenhouse gas emissions generated duri
DNV has launched Emissions Connect, an emissions data verification engine and data management platform, designed to help the maritime industry accurately assess and work with emissions data. “Reducing emissions and reporting on progress is becoming increasingly important for the maritime industry an
Japanese shipping heavyweight Nippon Yusen Kabushiki Kaisha (NYK) Group plans to install Orca AI platform across its fleet, which includes bulk carriers, tankers and containerships. The move is being announced on the back of a two-year cooperation between NYK and Orca AI, developer of a unique autom
EverLoNG ship-based carbon capture project is nearing an important milestone with the prototype ship-based carbon capture (SBCC) equipment almost ready to be installed on an LNG-powered LNG carrier. According to the project’s update, the SBCC equipment, being built in the Netherlands by Carbotreat,
Japanese shipping firm Asahi Tanker Co. has taken delivery of the world’s second pure battery tanker, named the Akari. The vessel completed its historic first bunkering operation in Kawasaki on April 14, supplying the MOL-operated iron ore career UNTA. The vessel was built by Imura Shipbuilding and
The Grimaldi Group took delivery of their multipurpose vessel the Great Antwerp on Tuesday at the Hyundai Mipo Dockyard in Ulsan, South Korea. The delivery of the new ship was celebrated with a ceremony. This is the first of the six multipurpose ro-ro units commissioned from the Korean company just
Australian Provaris Energy, former Global Energy Ventures (GEV), has launched a gaseous hydrogen floating storage solution for various applications, including bunkering for the maritime sector, intermittent/buffer storage for green hydrogen production, and long-duration storage for excess renewable
The European Parliament formally approved on Tuesday the new EU Emissions Trading System (ETS) law, earmarking around EUR 2 billion of the revenues of the Innovation Fund for the maritime sector. European Community Shipowners Association (ECSA) welcomed the move, saying that the deal will mark a tur
Hyundai Mipo Dockyard Co., one of HD Korea Shipbuilding & Offshore Engineering’s three affiliates, has secured an order worth KRW 120.6 billion ($92.8 million) to construct two product carriers for an unnamed Asian shipping company. The product carriers are set to be delivered to the undisclosed shi
Shandong Shipping, the third largest shipowner in China, has made a major investment in newbuild vessels by ordering twelve 82,000 dwt Kamsarmaxes at Jiangsu New Hantong Ship Heavy Industry. The deal marks the largest newbuild order ever made by Shandong Shipping. The company said that it has signed
The global fleet of the world’s largest containerships has expanded once again, with the addition of another 24K TEU vessel, MSC Loreto. The vessel was built by Yangzi Xinfu Shipbuilding, a subsidiary of Yangzijiang Shipbuilding Group for China’s Bank of Communications Financial Leasing (Bocomm Leas
The CMA CGM Group has entered into exclusive negotiations to acquire the transportation and logistics activities held through Bolloré Logistics. CMA CGM said that the negotiations were in line with its long-term strategy, based on the two pillars of shipping and logistics If a deal is reached, the a
Thirteen Filipino seafarers have made it home after more than five months aboard an abandoned livestock carrier ship, the Yangtze Harmony, following an intervention from the International Transport Workers’ Federation (ITF). The ship’s owners abandoned the vessel and its crew after the ship was ar
