Following rupture and shutdown of the Balticconnector gas pipeline in early October, Finland’s Inkoo FSRU terminal has received second LNG cargo from Gasum. According to Gasum, the cargo arrived on November 5 and unloading to the FSRU has started where the LNG will be regasified and fed into the Fin
South Korean shipping line HMM has concluded time charter contracts for four bulk carrier newbuildings. The charter deal is worth around $954.2 million with an undisclosed company and is set to last from 2026 to 2042. The contract marks a significant move in the company’s expansion strategy into the
Team Electric has signed an agreement with Remontowa Shiprepair Yard to provide services for three Polsteam hybrid dual-fuel Ro-Paxes.
South Korean shipbuilding giant HD Hyundai has developed its own low-carbon electric propulsion system for very large crude carriers (VLCCs).
Major energy transition-related updates came from Nordic countries this week. An energy island for large-scale green hydrogen and offshore wind production has been proposed in Åland (Finland). Denmark has just selected winners of its first Power-to-X tender. The first containership to be powered by
A total of 14 orders for methanol-powered ships were recorded in October as demand for alternative fuels in the maritime industry continues to rise in line with the ever-stringent regulatory landscape, data from DNV’s Alternative Fuel Insights (AFI) database shows. Some of the most recent orders saw
Norwegian shipping company Aasen Shipping has placed an order for three new hybrid-powered methanol-ready self-dischargers.
Wagenborg Offshore has taken into service a subsea support vessel following the conversion from a platform supply vessel (PSV). The Kingsborg subsea support vessel is custom-made and specialized to support subsea activities and decommissioning works in the southern North Sea in a long-term agreement
Singapore-based ship management company Eastern Pacific Shipping (EPS) has taken delivery of its first duel-fuelled PCTC, Lake Herman.
Dutch maritime technology company Value Maritime has signed its first CO2 capture and storage (CCS) review and approval for four newbuild container vessels with the US-based classification society the American Bureau of Shipping (ABS).
The first electric tugs in SAAM Towage’s fleet, built by the Turkish shipyard Sanmar, passed the final sea acceptance trials and bollard pull tests in Istanbul’s Tuzla Bay, Chile-based tug provider said. At full capacity, the new ElectRA 2300SX units, designed by Canada-based Robert Allan Ltd., are
Yara Eyde, which has been described as the world’s first containership to be powered by pure ammonia as fuel, is scheduled to enter the market in 2026, according to its developers. The vessel is being developed by ammonia producer and shipowner Yara Clean Ammonia and the Norwegian container operator
The European Commission has included Tanger Med and Port Said, two pivotal transshipment hubs, in the European Union’s (EU) revamped carbon pricing regime for ships. This latest update, however, brings a marked change in the way emissions are assessed, and it extends its reach beyond EU borders, her
Dutch shipowner Boomsma Shipping and German counterpart Leonhardt & Blumberg have placed a joint order for the construction of up to eight 8,500-ton low-emission dry cargo vessels, to be built by the Chowgule and Company – Shipbuilding Division Group in India. JR Shipping Shipbrokers & Consultants a
