Norwegian shipowner Ocean Yield AS is continuing its shopping spree now targeting the acquisition of up to ten Newcastlemax dry bulk newbuildings for a total consideration of up to $576 million. Upon delivery, the vessels will commence 15-year bareboat charters to an unnamed dry bulk operator with p
State-run shipping giant China Merchants Energy Shipping (CMES) revealed earlier today that it has signed a Letter of Intent (LoI) for the construction of up to six dual-fuel methanol-powered Pure Car and Truck Carriers (PCTC). The deal, signed with China Merchants Industry Holdings, stipulates the
Germany-based dry bulk carrier owner and operator Oldendorff Carriers has signed a deal that will see it invest in maritime digital solutions provider Alpha Ori Technologies (AOT).
Finnish technology group Wärtsilä has been selected to provide cargo handling and fuel supply systems for Exmar LPG’s two LPG/Midsize gas carrier vessels.
Japanese shipping major Kawasaki Kisen Kaisha Ltd (K Line) has laid out its short-term investment plans in a newly released report, earmarking a significant portion for environmental initiatives. “First of all, we aim to invest a total of ¥250.0 billion ($1.85 billion), within the amount of operatin
China Merchants Energy Shipping (CMES) has revealed another order for two 175,000 cbm LNG carriers at compatriot shipbuilder Dalian Shipbuilding Industry Company. The company plans to allocate up to $235 million per vessel, pushing the total to $470 million. The shipping heavyweight said that the ve
Dutch geo-data specialist company Fugro has added a new geotechnical vessel, equipped with advanced deep-water technology, to its fleet. The vessel, named Fugro Quest, provides increased personnel and operational safety, whilst its energy-efficient design results, on average, in significantly lower
Jiangsu New Yangzi Shipbuilding Co., a subsidiary of Chinese Yangzijiang Shipbuilding, has delivered a new eco-friendly 3,500 TEU boxship Maersk Acadia.
Norway’s DOF Group has secured multiple new jobs in the Atlantic region with an undisclosed operator in West Africa.
Renewable energy company e1 Marine has signed a Memorandum of Understanding (MoU) with naval design and engineering specialist NAVTEK to develop hydrogen-powered vessels and port applications for the European market.
The largest ocean-going vessels, which are the largest polluters, can reap the greatest benefits from the new nuclear power technologies, according to Mikal Bøe, CEO of London-based Core Power.
China’s Wuhu Shipyard has launched a self-unloading bulk carrier powered by liquefied natural gas (LNG) for Norway’s shipping company Seaworks AS.
U.S.-based design and engineering company Elliott Bay Design Group (EBDG) and marine metal fabrication shop Miller Marine have joined forces to design and build a fully electric truckable tug.
Norwegian tanker shipping heavyweight Frontline is poised to have exhaust gas cleaning systems installed on over half of its fleet of over 70 ships. The company’s owned fleet included 37 scrubber-fitted vessels at the end of the third quarter of 2022, including 15 VLCCs, 19 Suezmax tankers and three
