Taiwanese shipping company Wan Hai Lines has acquired four 3,000 TEU containerships from compatriot shipbuilder CSBC Corporation. The purchase was revealed in a stock exchange filing on August 12. The company said that it was paying $53～55 million for each vessel bringing the total value of the cont
A.P. Moller – Maersk and the Suez Canal Authority (SCA) have signed a $500 million deal for the development of the Suez Canal Container Terminal (SCCT) in East Port Said. The investment includes a new 1,000-meter container berth adjacent to the existing 500-meter one, as well as additional cranes to
The maritime industry is forecast to spend $931 million on artificial intelligence (AI) solutions in 2022, according to a recent report published by Lloyd’s Register in cooperation with Thetius. That figure is expected to more than double in the next five years to $2.7 billion by 2027, a compound an
Swedish Furetank AB and Canadian Algoma Central Corporation are entering into a joint venture agreement to build four dual-fuel product tankers intended to trade in Northern Europe. Each company will own 50% of the joint venture, which will be named FureBear. The vessels will be constructed at China
The multi-fuel future in the shipping industry is here with pioneering vessels fitted with hybrid technological solutions starting to ‘strut their stuff’ across global ports. One such example is the 2022-built deep sea car carrier MV Auto Achieve, which made its debut at the Grimsby River Terminal (
Alfa Laval has secured a contract to provide low-flashpoint fuel supply system (LFSS) on six dual-fuel container vessels. The contract represents the company’s largest methanol order this year. The Alfa Laval FCM Methanol system will be installed on six 1170 TEU container vessels ordered by Eastaway
Chinese shipbuilder Lianyungang Shenghua, a subsidiary of COSCO Shipyards Group, has won orders for five 7,380 DWT bunkering vessels from Singapore-based Singfar International. According to Clarksons Research, the order includes five optional vessels bringing a total of up to ten ships. The vessels
A group of Greenpeace activists blocked the freighter Emma Oldendorff at the German port of Brake, on Friday, August 12. The ship was carrying pipelines slated for delivery to Western Australia for use in Woodside Energy’s Scarborough offshore gas project. Around 20 activists in rubber dinghies bloc
UK-based wind propulsion expert GT Green Technologies has teamed up with PEI TECH LLC, a marine industry company from Texas, to work on advanced wind propulsion technology. GT Green Technologies has developed a wingsail that incorporates novel air-flow technology, which provides an ‘unparalleled amo
Seaspan, part of Atlas Corp, has rejected forces majeures declared by Chinese shipyards amid challenges caused by COVID-19 related lockdowns.
MT Proteus Jessica, a 110,000 DWT tanker, has been delivered to Anglo-Eastern’s managed fleet, becoming the company’s first dual-fuel LNG-powered tanker. The LR2 tanker was built by China’s Shanghai Waigaoqiao Shipbuilding and was delivered in June 2022. Based on the data from VesselsValue, the ship
German shipowner OKEE Maritime has adopted StormGeo’s digitalization tools to improve environmental performance across its reefer fleet. The solutions include weather-based route optimization software, data reporting, and fleet performance management tools, which also feature a Carbon Intensity Indi
Athens-based Diana Shipping has entered into a deal to acquire nine modern Ultramax bulkers with an average vessel age of approximately 5.4 years from Sea Trade Holdings. The company will buy the ships for a total of $330 million, of which $220 million will be paid in cash and $110 million is to be
MacGregor, part of Cargotec, has won a contract to supply RoRo equipment for four RoRo vessels to be built by the Guangzhou Shipyard International for H-Line Shipping, Korea. To remind, H-Line brought its orderbook to four LNG-powered newbuilds in February this year as it was moving to diversify its
