Being a front-runner, especially in the shipping industry, comes with a lot of risks. Being the first to enter a market or introduce a new product or service can give you a significant advantage over others, and even set the tone in the market. However, there is a great risk of failure bringing with
The Sweden-based company OX2 and the Bank of Åland, who are jointly developing two multi-gigawatt-scale offshore wind farms in Finland, have initiated a feasibility study on Mega Grön Hamn (Mega Green Port), a project involving large-scale production and distribution of hydrogen and e-fuel in Åland.
China’s Mawei Shipyard has delivered the first of two multipurpose DP2- B-type vessels to Spliethoff, the Brouwersgracht. The 12,500-dwt vessel is equipped with two Huisman 500 mt Heavy Lift Mast cranes, and it is suitable for both heavy lift transportation and offshore installation. The vessel’s de
Enagás subsidiary Scale Gas and Norwegian vessel operator Knutsen Group have inaugurated the first liquefied natural gas (LNG) bunkering barge Haugesund Knutsen built in Spain. The vessel, chartered by Shell Spain and built by Astilleros Armón Gijón, will operate in the Port of Barcelona and promote
The logistics industry is taking a major step towards sustainability with the launch of Greenabl Shippers Association, the first not-for-profit cooperative procurement group committed to decarbonizing the transportation sector. Managed by Bluspark, the association brings together expertise in ocean
China Merchants Jinling Shipyard (Nanjing) Co. has delivered the first of four LNG-fuelled pure car truck carriers (PCTC) to Japanese shipping major NYK Line. The 7,000-CEU car carrier Jasmine Leader was ordered back in 2021, and it is expected to be assigned for transportation of vehicles between E
A total of 443 ocean-going commercial ships and offshore units were sold for scrapping in 2022, data from NGO Shipbreaking Platform shows. Of these, 292 large tankers, bulkers, floating platforms, cargo- and passenger ships ended up for dirty and dangerous breaking on tidal beaches in Bangladesh, In
The Korean Register and Liberian Registry have awarded Approval in Principle (AiP) to the Hyundai Intelligent Navigation Assistant System (HiNAS 2.0) for autonomous shipping. The system, developed by Avikus, a subsidiary of South Korean shipbuilding major Hyundai Heavy Industries, uses augmented rea
Belgian tanker shipping company Euronav believes that the recent request from its shareholder Compagnie Maritime Belge (CMB) to replace the entire Supervisory Board is not a good idea. CMB’s request came on the back of the fallout between Euronav and John Fredriksen’s Frontline on the planned mega-m
The European Union has rolled out A Green Deal Industrial Plan for the Net-Zero Age, which is being described as the EU version of the US Inflation Reduction Act. The plan aims to provide a more supportive environment for the scaling up of the EU’s manufacturing capacity for the net-zero technologie
Greece-based ship management company Capital Ship Management (Capital) has taken delivery of the newbuild 50,000 dwt chemical/product medium-range (MR) tanker with LNG fuel-ready propulsion. On 27 January, Capital said it took delivery of the vessel named M/T Alkiviadis from Hyundai Vietnam Shipyard
Australian Transport Safety Bureau (ABTS) has concluded the investigation of a fire incident onboard the world’s first LH2 carrier Suiso Frontier that took place on 25 January 2022 on its maiden voyage. The ABTS’ investigation has found that the failure of an incorrectly-fitted electrical solenoid v
The Port of Corpus Christi has been allocated $16.4 million through the US Department of Energy’s (DOE) Carbon Storage Assurance Facility Enterprise (CarbonSAFE) initiative to evaluate the technical and economic feasibility of permanently storing captured carbon dioxide (CO2) from industrial operati
Daewoo Shipbuilding and Marine Engineering (DSME) has contracted TMC Compressors to provide a marine compressed air system to four LNG carriers the shipbuilder is constructing for BW LNG. Norway-headquartered TMC, which manufactures marine compressors solely for marine and offshore use, will manufac
