PSA Marine, through its wholly-owned subsidiary PSA Marine Americas, completed the acquisition of 45% stake in Meyer’s Tugs S.A. from Inversiones Maritimas CPT S.A., a wholly-owned subsidiary of CPT Empresas Maritimas S.A. “CPT and PSA Marine share a passionate belief of growing the towage service o
Danfoss Power Solutions’ Editron division has signed a contract with Cheoy Lee Shipyard to deliver the hybrid-electric marine drivetrain system powering two new hybrid-electric ferries.
Damen Shipyards Group has delivered two RSD Tugs 2513 to the Hamburg-based tugboat operator Fairplay Towage Group. The vessels will operate in Germany and Poland, respectively. Fairplay has also signed a further contract which will see Damen delivering an additional three tugs to its client; two mor
Greek shipowner Dynacom Tankers Management has reportedly ordered ten 115,000 dwt Long-Range 2 tankers at China’s Dalian Shipbuilding Industry (DSIC). The LR2 tankers will begin to deliver in the second half of 2025 and continue throughout 2026, Clarksons Shipbrokers said in a weekly report. Broker
Purus Marine, a rapidly expanding UK-based shipping company, has placed an order for four new LPG carriers with a capacity of 45,000 cubic meters each. The vessels will be equipped with scrubber technology and built by Hyundai Mipo in South Korea, with delivery expected from the second half of 2025
Solstad Offshore’s construction vessel has managed to save “considerable amounts” of fuel and reduce emissions on its way home from a project in West Africa, the Norwegian company reported. The 157-meter-long Normand Vision managed to save 150 tons of fuel on the transit, Solstad said, adding that i
Fugro has taken part in a mission to locate the wreck of a World War II ship 81 years after sinking, reported as one of the worst international maritime disasters in history. Fugro started the search for the Montevideo Maru transport ship on 6 April onboard the hydrographic survey vessel Fugro Equat
Toro Corp., a tanker spinoff of U.S.-Listed Castor Maritime, has entered into agreements with an unnamed third-party to acquire three 2015 Japanese-built 5,000 cbm LPG vessels and one 2020 Japanese-built 5,000 cbm LPG vessel. The aggregate purchase price for the four LPG vessels is $70.7 million. Th
Five finalists have made it to the shortlist for the second Nor-Shipping Ocean Solutions Award after o a heated jury debate. The accolade aims to showcase breakthrough innovations at, or approaching, commercialisation stage. Daphne Technology won the inaugural prize in 2022, with this year’s winner
Jiangnan Shipbuilding, a subsidiary of China State Shipbuilding Corporation, has delivered the world’s largest Very Large Liquefied Gas Carrier (VLGC) to Singapore-based shipping and trading company Petredec. This marks a significant milestone for the shipbuilding industry, as the 93,000 cubic meter
The UK-based Core Power has reached its $100 million funding milestone to develop new nuclear technology for the maritime industry. The funding has been provided by the shipping industry, shipyards, shipowners, charterers, etc, according to the company’s CEO, Mikael Boe, with a large share coming fr
Canadian naval architectural company Robert Allan and Turkish shipbuilder and tugboat operator Med Marine have signed a Memorandum of Understanding (MoU) to design electric and hybrid tugs.
Hamburg-based shipping company Reederei Nord Group has signed a contract with CSSC Huangpu Wenchong Shipbuilding Co., Ltd., a subsidiary of China Shipbuilding Corporation, and China State Shipbuilding Industry Trading Corporation for the construction of 2+2 1,900TEU container ships. The project invo
Knutsen LNG France, a part of Knutsen OAS Shipping, has taken delivery of Grazyna Gesicka, a 174,000 cbm LNG carrier constructed by South Korean shipbuilder Hyundai Heavy Industries. In a brief social media update, Knutsen LNG France said the LNG carrier was delivered on 28 April, bringing its RIF F
