A new report by University Maritime Advisory Services (UMAS), an independent advisory and research consultancy specializing in maritime and ocean-related sustainability issues, sheds light on the pressing need for a significant improvement in energy efficiency in the global shipping industry by 2030
The most effective way of complying with the CII index and having a good rating is to utilize the emerging alternative, low and zero-carbon fuels, John Kokarakis, Vice President of Technology & Business Development Hellenic-BS-ME Zone at Bureau Veritas, said. Kokarakis was speaking at the 6th Annual
UAE-based port operator AD Ports Group has signed a General Corporate Facility agreement with a syndicate of 13 regional and international banks worth approximately $2 billion. The multi-currency facility is divided into three tranches, amounting to €600 million, $620 million, and AED 2,863 million,
MacGregor, part of Cargotec, has received a repeat order for comprehensive packages of roll-on/roll-off (RoRo) equipment for a total of five pure car and truck carriers (PCTCs) under construction for the Italian shipping company Grimaldi Group. The vessels with a loading capacity of over 9,000 CEU a
British cruise line Swan Hellenic has welcomed into the fleet its third and largest vessel, SH Diana. The hybrid diesel-electric expedition ship has a polar Class 6 ice-strengthened hull and it has been constructed by the Finnish Helsinki Shipyard. The vessel delivery ceremony took place at the ship
Famatown Finance Limited, a company indirectly controlled by shipping billionaire John Fredriksen, has acquired an additional 964,000 shares in Belgian tanker owner Euronav, taking its total stake to 26.46 pct. The share increase of 5.90 percent was disclosed in an SC 13D/A form with the Securities
Singapore-based energy solutions provider Pavilion Energy, a subsidiary of Temasek, has loaded the first termed small-scale LNG cargo bound for Chinese city gas distributor Zhejiang Hangjiaxin Clean Energy. The first cargo was loaded on board LNG Jia Xing, a 46,200 cbm small-scale LNG vessel from th
Two tankers collided on Tuesday, April 4 in the Great Bitter Lake region, part of the Suez Canal, a key artery for the movement of goods between Europe and Asia. According to the head of the canal authority Lieutenant-General Osama Rabie, the ‘minor friction’ occurred when the tanker Lyric Magnolia
The International Maritime Organization’s (IMO) Legal Committee has highlighted the risks and consequences of ship-to-ship transfers in the open ocean and the methods used to obscure ship identities. At its 110th session in London, the committee was informed that a fleet of between 300 to 600 tanker
This is a free premium article to give you a sample of what Offshore Energy has to offer as part of our premium section. Upgrade for premium access here. The decarbonization conundrum in the shipping industry persists due to a multitude of challenges, including the high cost of alternative fuels, th
Ballast water management solutions provider Bawat Water Technologies and Damen Green Solutions, a member of the Dutch Damen Shipyards Group, have signed a Term Sheet to create a joint venture in the field of ballast water treatment systems. The joint venture will merge Damen’s InvaSave program with
Taiwanese container shipping giant Yang Ming has been described as the container industry’s ‘emission hero’ for all relevant CEI-covered trades in Q4 2022, according to an analysis of Xeneta’s Carbon Emissions Index (CEI). Xeneta said that Yang Ming was the industry’s only major player to score belo
Low and zero-emission fuels supplier Titan has completed gas-up and cool-down service for an LNG carrier owned by Japanese shipping company NYK Line. Specifically, Titan performed gas-up and cool-down of one of the tanks on NYK’s LNG carrier Grace Emilia. The vessel was built in 2021 by Hyundai Samh
Taiwanese shipping major Wisdom Marine has revealed an order for the construction of two more 40,000 dwt bulkers. The company said that the vessels would be built by Japanese Imabari Shipbuilding or its affiliated shipyard Nihon Shipyard, a joint venture between Japan Marine United Corporation (JMU)
