China-based Yangzijiang Shipbuilding revealed that it has secured orders for a total of 22 vessels since last August, achieving its highest-ever total orderbook value of $10.27 billion and extending its revenue visibility to mid-2025. Out of the orders for the 22 vessels, six are 66,000 dwt bulk car
The Shimonoseki Shipyard of Japan’s Mitsubishi Shipbuilding Corporation hosted today a keel laying ceremony for the hull of the demonstration test ship for liquefied CO2 transportation. The project was announced by the shipyard in February this year following a contract signing with compatriot shipp
The IMO’s regulation on the carbon intensity indicator (CII) that enters into force in 2023 has come under a lot of fire in the shipping industry as a regulation that could punish owners with poor vessel ratings on the grounds of factors that they cannot influence upon. The CII is aimed at supportin
Danish companies pursuing high sustainability objectives are urging the country’s government and politicians to maintain sustainability on top of their agenda. In a joint statement, signed by A.P. Møller – Mærsk, FLSmidth, Ørsted and Vestas, among others, the companies asked the government to contin
South Korean shipbuilder Daewoo Shipbuilding and Marine Engineering (DSME) has won orders for a total of 6 LNG carriers worth over $1.29 billion. Four LNG carrier newbuilds were ascribed to European shipowners. The contract is worth KRW 1.2 trillion (approximately $880 million) and the vessels are s
Danish shipping giant A.P. Moller – Maersk has ordered an additional six large ocean-going vessels that can sail on green methanol. The six vessels will be built by South Korean shipbuilder Hyundai Heavy Industries (HHI) and have a nominal capacity of approx. 17,000 TEU. They come with dual-fuel eng
Australian manufacturer of high-speed catamaran ferries Incat Tasmania has teamed up with propulsion expert ABB on exploring the construction of an electric ferry with hybrid-electric propulsion which could transition to battery power as shore charging becomes available. The two companies have signe
The Finnish technology group Wärtsilä has partnered up Capital Gas Ship Management Corp. to develop a new Fleet Decarbonisation Programme aimed at boosting the efficiency of the company’s LNG carrier fleet. The agreement was signed in June 2022 and will be applied to a fleet of six 174,000 cbm LNG c
The Global Centre for Maritime Decarbonisation (GCMD), Oil and Gas Climate Initiative (OGCI), Stena Bulk, and Alfa Laval have launched a joint project to investigate the on-board capture, storage and off-loading of carbon dioxide (CO2). During a two-year-long project, divided into three stages, a se
Japanese shipping heavyweight Mitsui O.S.K. Lines (MOL) is practically counting the days until the delivery of its Wind Challenger project. Under the project, a hard sail system, known as the Wind Challenger, was installed on board a bulk carrier at compatriot Oshima Shipbuilding. The system is curr
German liner shipping company Hapag-Lloyd has signed a binding agreement with Chilean operator of port, towage and logistics services Sociedad Matriz SAAM for the acquisition of 100% of shares of SAAM Ports and SAAM Logistics as well as real estate assets related to the logistics business. The trans
The COVID-19 pandemic has created historic supply chain disruptions resulting in bottlenecks and an unprecedented number of ships waiting along the coasts across the globe. The unusual increase in the number of oceangoing vessels staying at anchor off the coast of the San Pedro Bay port complex last
TotalEnergies Marine Fuels has marked a milestone in its liquefied natural gas (LNG) bunkering supply network with a naming ceremony of the Brassavola LNG bunker vessel in Singapore. The ceremony was held at Sembcorp Marine’s Tuas Boulevard Yard, marking a step closer to commencing TotalEnergies’ LN
Sharing space on vessels contributes to the reduction of transport emissions, increases competitiveness, and improves efficiency to cut costs, top shipping industry bodies told the European Commission, asking for the renewal of the Consortia Block Exemption Regulation (CBER). The regulation, which e
