Swiss marine power company WinGD and Belgian shipping and cleantech group CMB.TECH have signed an agreement on the development of ammonia-fuelled two-stroke engines. The companies aim to install the ammonia dual-fuel X72DF engine on a series of ten x 210,000 DWT bulk carriers to be built at a Chines
A fire broke out in the engine room of the container vessel Cape Kortia on Monday morning, 30 of January, while the vessel was moving towards the PSA port in the Pacific, the Panama Canal reports. The New Panamax container vessel (11,010 TEU), built in 2017, is owned by Costamare from Greece and ope
In today’s world, we need to accept more business is moving to the Middle East. BRIDGES2000 is granted to build the largest drydocks in the world. Interesting for all kinds of offshore and maritime works. BRIDGES2000 likes to interest North European companies to partner in this project. One advantag
Oceanbird, a project backed by Alfa Laval and Wallenius, is moving fast with the preparation for the installation of its first land-based Oceanbird Wing 560. The project developers are already ordering parts for the installation, following the award of €9 million worth of funding under the Horizon E
Global energy company EDP has partnered up with Spanish energy company Cepsa to boost the Andalusian Green Hydrogen Valley, the largest green hydrogen project in Europe promoted by Cepsa. The agreement includes studying the joint production of green hydrogen as part of the project of up to 1 GW in t
Finnish technology group Wärtsilä has received an order to provide LNG fuel gas supply system, propulsion control system and alarm monitoring and control system for four new LNG dual-fuel containerships being built for Singapore-based Pacific International Lines (PIL). The 8,200 TEU vessels, which w
Danish container shipping heavyweight Maersk plans to unify its structure by integrating its brands such as Hamburg Süd and Sealand, among others. The company explained the decision saying that the aim was to bring more ‘ease, agility and resilience’ to the supply chain. Maersk plans to conduct an i
French container shipping major CMA CGM Group has invited start-ups and businesses working on concrete solutions to submit projects that aim to speed up the decarbonization of the French shipping industry. The company has committed a €200 million budget for the projects from its five-year $1.5 billi
Belgian tanker shipping major Euronav has filed an application request for arbitration on the merits in relation to Frontline’s termination of the combination agreement. “This request on the merits follows the request for emergency arbitration that was announced by the company’s press release dated
French ballast water treatment systems producer BIO-UV Group has reported a 31% increase in revenues from its maritime business segment, contributing to full-year consolidated revenues of €51.5m for the 2022 financial year. The Euronext Paris listed company confirmed the sale of more than 200 BIO-SE
Dutch startup Circular Maritime Technologies (CMT) has received a cheque for the €1.7 million grant from the Kansen voor West subsidy program, which is largely financed by the European Regional Development Fund. The company said that the financing would be used for the first steps of CMI’s test and
Japenese shipping company Nippon Yusen Kabushiki Kaisha (NYK) has ordered its fifth liquefied petroleum gas (LPG) dual-fuel very large LPG/liquefied ammonia gas carrier (VLGC) from compatriot shipbuilder Kawasaki Heavy Industries (KHI). Like previously ordered vessels, the new 86,700 cbm carrier wil
Japanese shipping giant Mitsui O.S.K. Lines (MOL) and compatriot trading and investment company Mitsui & Co. have received approval in principle (AiP) from ClassNK for the design of a large ammonia-powered bulk carrier. The approval was granted for the 210,000 dwt Capesize bulker with a main engine
German liner giant Hapag-Lloyd AG has signed a binding agreement to acquire a 35% stake in Indian terminal operator J M Baxi Ports & Logistics Limited (JMBPL). The stake is being acquired from a U.S.-based Bain Capital Private Equity affiliate. The German shipping major has also signed a deal with J
