South Korea has pledged $150 billion into a dedicated United States shipbuilding rejuvenation fund, as part of a much larger, $350 billion bilateral trade agreement with Washington. According to the South Korean government, the deal will aim to breathe new life into the American vessel construction
Bermuda-headquartered crude oil tanker company DHT Holdings has entered into a $308.4 million senior secured credit facility for the post-delivery financing of four of the company’s newbuilds currently under construction in South Korea. The vessels in question are a quartet of environmentally friend
Flotte Hamburg (Hamburg Fleet), a wholly owned subsidiary of the Hamburg Port Authority, has decided to trial the use of hydrotreated vegetable oil (HVO 100) as part of its decarbonization strategy.
South Korea’s HD Korea Shipbuilding & Offshore Engineering (HD KSOE), a shipbuilding intermediate holding company of HD Hyundai, has been commissioned by Greece-based shipowner Capital to build a new pair of dual-fuel liquefied natural gas (LNG)-powered container vessels. According to Greek shipbrok
UK shipping company Union Maritime has closed a $130 million delivery financing agreement for two newbuild long-range (LR2) tankers that will be fitted with LNG dual-fuel and wind-assisted propulsion solutions.
South Korea’s heavyweight HD Hyundai Group has entered into an agreement with compatriot maritime transport company H-Line Shipping to jointly create AI-backed autonomous, environmentally friendly vessel technology. More specifically, as disclosed, the “Joint Development of AI-Based Autonomous and E
Japanese shipping company Mitsui O.S.K. Lines (MOL) has held a naming ceremony for its new LNG-fueled very large crude carrier (VLCC) to be chartered by Norway-based energy giant Equinor.
Yokohama-headquartered shipbuilding player Japan Marine United Corporation (JMU) has passed an environmentally friendly 159,000 dwt Suezmax tanker to its owner. As disclosed, the vessel, which has been christened Ionic Semeli, was delivered on July 23 at JMU’s Tsu shipyard in Mie prefecture. The ves
Norwegian shipping company Knutsen has taken delivery of a liquefied natural gas (LNG) carrier that will be chartered to QatarEnergy.
U.S.-based developer of modular onboard carbon capture and storage solutions Carbon Ridge has deployed a centrifugal onboard carbon capture system (OCCS) on an LR2 product tanker ownedy by Scorpio Tankers.
National efforts to decarbonize the maritime transport industry have intensified in Egypt, inching closer to being developed into a national action plan (NAP) that would tackle greenhouse gas (GHG) emissions both from vessels and ports. As disclosed, the NAP is being crafted with support from the In
Allseas and Boskalis have secured a €1.2 billion contract through their 50:50 consortium with CPC Corporation Taiwan for the design and installation of a 36-inch offshore natural gas pipeline. According to Allseas, the new YT2 pipeline will span approximately 232 kilometers, running parallel to the
China’s Nantong CIMC Sinopacific Offshore & Engineering (SOE) has started constructing the next 20,000 cubic meter (cbm) LNG bunkering vessel for UK-based midstream LNG & BioLNG company Avenir LNG.
Belgian shipping company EXMAR has launched its first ammonia-powered gas carrier at HD Hyundai Mipo shipyard in South Korea.
