The Clean Arctic Alliance, comprising 20 not-for-profit organisations, called for urgent action to address the impact of underwater noise from ships on Arctic wildlife, as a meeting of the International Maritime Organization’s (IMO) Sub-Committee on Ship Design and Construction opens in London. A pr
India has become the largest seaborne importer of Russian crude in the wake of the EU ban on seaborne oil imports and subsequent G7 price cap for exports. Exports to India increased from virtually nothing prior to Russia’s invasion of Ukraine to 1.2 Mb/d in November last year, according to Poten & P
Swedish green electrofuel developer Liquid Wind has revealed its plan to establish the country’s third electrofuel facility for the maritime sector, following similar FlahshipONE and FlagshipTWO projects. For this purpose, Liquid Wind, in partnership with Umeå Energi, carried out a feasibility study
Famatown Finance Limited, a company controlled by shipping magnate John Fredriksen, has acquired 4,653,000 additional shares in Belgian tanker shipping company Euronav. Together with related companies, Famatown holds 45,641,478 shares in Euronav or 22.62% stake. The move has brought Fredriksen close
The world’s business and political leaders gathered this week for the World Economic Forum’s annual event in Davos to discuss global challenges and the way forward. The topic of the weeklong event is ‘Cooperation in a Fragmented World’, highlighting the need to work together to overcome the perfect
Greece-based shipping companies Empire Bulkers Limited and Joanna Maritime Limited were ordered to pay $2 million ($1 million each) over violations of pollution acts in the U.S. The two companies were convicted for knowing and willful violations of the Act to Prevent Pollution from Ships (APPS) and
South Korean shipbuilding major Korea Shipbuilding & Offshore Engineering (KSOE) is off to a strong start to the year revealing a third shipbuilding deal this week. The company said in a stock exchange filing that it had won a contract for the construction of two very large gas carriers (VLGCs). The
The construction of ESL Shipping’s energy-efficient plug-in hybrid vessels at the Chowgule Shipyard in India is progressing according to schedule, the Finnish dry bulk shipping company said. Block assembly of the first two vessels, Electramar and Stellamar, is currently progressing in four parts: af
The Shipping Corporation of India (SCI) will be required to retrofit at least two ships to run on green hydrogen or other green hydrogen-derived fuels by 2027 as part of India’s decarbonization plans. India has declared that it plans to become energy independent by 2047 and a net zero country by 207
A colossal containership has hit the waters at Daewoo Shipbuilding and Marine Engineering (DSME) yard in Geoje, South Korea. The 23,660 TEU vessel goes under the name Baltic Express and it is being built for the German liner shipping major Hapag-Lloyd. Berlin Express is an LNG dual-fuel containershi
More than 40 signatories representing the entire value chain of green fuels, including Danish Shipping, have sent a joint letter calling on politicians to aim for a proactive and ambitious regulation in the present FuelEU Maritime trialogue. Associations and companies including fuel suppliers, end-u
Ship management companies OSM Maritime Group and Thome Group have agreed to a merger of the two companies. The combined company will be named OSM Thome. “By joining our resources in OSM Thome, we will become an even better partner to our customers. With our emphasis on safe and efficient operations
Norwegian hydrogen bunkering specialist HYON has signed a letter of intent (LOI) with compatriot cruise venture Northern Xplorer for the implementation of its hydrogen fueling technology. Their collaboration will see HYON implement its hydrogen fueling technology in Northern Xplorer’s zero-emission
Construction has been launched on the first 136-meter main sail-powered merchant ship, also known as the Neoliner, which is being developed by the French start-up NEOLINE Armateur. The ship is being built by the RMK Marine shipyard based in Turkey. The Neoliner will be the first one equipped with a
