South Korean shipbuilding major Daewoo Shipbuilding & Marine Engineering (DSME) has entered into a tentative deal with compatriot conglomerate Hanwha Group on the acquisition of a 49.3 percent stake and management rights in return for $1.4 billion. Under the terms of the Memorandum of Understanding,
UK-based maritime design and applied technologies company Artemis Technologies, a spin-off from the Artemis Racing America’s Cup sailing team, has unveiled the design of its new 100% electric EF-24 passenger vessel, targeting the global high-speed ferry market.
China Merchants Energy Shipping (CMES) has ordered two 175,000 cbm LNG carriers at compatriot Dalian Shipbuilding Industry Company (DSIC). China State Shipbuilding Corporation (CSSC), Dalin’s parent, said that the strong cooperation with CMES marks the first LNG carrier construction project for DSIC
Stena Ebba, Stena Line’s fifth E-Flexer vessel, has set sail towards the Baltic Sea, following the completion of construction works and sea trials at the China Merchant Jinling (Weihai) shipyard, China. The Stena Ebba will join its sister vessel Stena Estelle on the Karlskrona-Gdynia route later thi
French container shipping and logistics major CMA CGM has ordered seven containerships powered by biogas that will serve the French West Indies.
MS Medstraum, the world’s first fully electric and zero-emission fast ferry, was named at a ceremony in Stavanger, Norway, on 22 September 2022.
Swedish shipping company Furetank has signed a contract for the construction of two more dual-fuel tankers. The 17,999 dwt tankers have been ordered from China Merchants Jinling Shipyard in Yangzhou, and they are set for delivery in fall 2024 and spring 2025 respectively. The Vinga vessels have dual
South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) has received an order for the construction of two liquefied natural gas (LNG) carriers.
A broad coalition of 35 maritime companies supported by Transport and Environment NGO are urging the European co-legislators to add ships under 5,000 GT including offshore and service vessels into EU regulations targeting decarbonization of the shipping industry. A joint letter addressing the EU Par
Guangzhou Shipbuilding International, a subsidiary of China State Shipbuilding Corporation, has delivered a 110,000 dwt LNG dual-fuel crude oil/product tanker to the Bank of Communications Financial Leasing (BoComm FL) from China. The official delivery signing ceremony was held on 15 September in an
The shipping industry is ‘partially on track’ with regard to the progress in technology and supply of scalable zero-emission fuels (SZEF) to achieve the target of a 5 percent share of international shipping fuels by 2030, according to a new joint report produced by UMAS and UN Climate Change High Le
Finnish shipping company Meriaura, engine maker Wärtsilä, and Green NortH2 Energy have signed a Letter of Intent for building a cargo vessel that runs on green ammonia. The vessel will be ordered and operated by Meriaura, and Green NortH2 Energy is responsible for supplying green ammonia fuel, which
The world’s rapidly growing fleet of ships that can burn liquefied natural gas (LNG) is at risk of financial losses of $850bn by 2030, according to a new study by UCL Energy Institute researchers. Namely, 65% of the newbuilding deliveries by 2025 is capable of running on LNG as a marine fuel, up fro
French LNG containment specialist GTT has received the tank design order for two new LNG carriers (LNGCs) from Chinese shipbuilder Hudong-Zhonghua.
