Marine insurance provider Skuld has signed the Poseidon Principles for Marine Insurance, a global framework for assessing and disclosing the climate alignment of insurers’ hull and machinery portfolios. The framework is aimed at enabling the insurance sector to implement transparency and establish a
A.P. Moller Maersk has been a strong supporter of decarbonization in the maritime industry and it is targeting to become a net zero-company by 2040. Nevertheless, despite strong ambitions and targets, the business works in such a way that achieving these targets is often impacted by market condition
The technology group Wärtsilä has successfully retrofitted an inline shaft generator system on the ‘Berge Toubkal’, a cape-size bulk carrier owned by Singapore-based Berge Bulk. The company said that this was the marine industry’s ‘first-ever shaft generator retrofit.” The retrofit is expected to im
Offshore Energy Exhibition & Conference (OEEC) 2023, Europe’s premier meeting point for the offshore energy sector, has opened the floorplan for this year’s event. In 2023, as in the years before, OEEC will bring together professionals from oil & gas, offshore wind, floating wind, marine energy, hyd
ST Engineering’s Marine business has acquired the site and assets of an existing shipyard in Singapore from Keppel FELS for $95m for its commercial ship repair business. The assets acquired include three floating docks, existing buildings, workshops, and machinery. “This asset purchase eliminates th
China Merchants Jinling Shipyard in Weihai has cut steel for the 12th and final E-Flexer RoPax vessel. The LNG-powered ship is being built for Swedish Stena RoRo and it will be chartered by Brittany Ferries, a spokesperson for Brittany Ferries confirmed to Offshore Energy. The ship spans 194.7 meter
German liner company Hapag-Lloyd has launched the retrofitting program of 100 ships with new propellers and bulbous bows. The move is aimed at reducing the ships’ greenhouse gas emissions and help Hapag-Lloyd meet the International Maritime Organization’s (IMO) target of reducing CO2 emissions by 40
Dutch short sea shipping company Vertom Group has placed an order for two additional diesel-electric dry cargo vessels of LABRAX class from compatriot shipyard Thecla Bodewes Shipyards.
Evergreen’s giant 24,000 TEU containership Ever Acme transited the Suez Canal on Friday, 3 of February, while underway on its maiden voyage from Malaysia to the Netherlands. The ship is the newest addition to Evergreen’s A-type vessel series and can carry over 24,000 containers. The head of the Sue
Korean shipbuilder K Shipbuilding has secured an order for the construction of two 50,000 dwt MR tankers. The contract has been signed with an undisclosed Middle Eastern owner believed to be Al Seer Marine, a unit of Abu Dhabi-based International Holding Company. According to Clarksons, the two vess
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
Chinese shipbuilder CIMC Sinopacific Offshore & Engineering (CIMC SOE) has started construction of the first 7,600-cbm liquefied natural gas (LNG) bunkering vessel for Canadian shipowner Seaspan.
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
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
