News

Finnish technology group Wärtsilä has signed an agreement to apply decarbonisation modelling on bulk carriers of Orient Express Lines of Dubai, owned by Transworld Group and managed by Transworld Ship Management (TWSM)....

French CMA CGM Group has finalized the acquisition of La Méridionale, a mixed-use freight and passenger shipping company established in Marseille since 1931. The acquisition marks a significant step for CMA CGM as it...

Dutch shipping company Tune Chemical Tankers (TCT) has ordered up to four methanol-fuelled chemical tankers at Turkish Tersan Shipyard. As informed, the company initially placed an order for two vessels with an option to...

Taiwanese shipping company Yang Ming Marine Transportation Corporation has signed a contract with South Korea’s shipbuilding major HD Hyundai Heavy Industries Co., for the en bloc construction of five 15,500 TEU LNG dual...

Norwegian shipowner Grieg Maritime Group has placed an order for up to four ammonia-ready open-hatch bulk carriers at CSSC Huangpu Wenchong Longxue in China.Grieg Maritime Group As explained, the deal with the Chinese...

The Swedish Energy Agency has granted funding for a feasibility study to establish a logistics node for captured carbon dioxide (CO2) at Stockholm Norvik Port. The initiative, named Norvik Infrastructure CCS East Sweden...

The shipping industry reported the lowest number of large ships lost in a year, according to Allianz Global Corporate & Specialty SE’s Safety & Shipping Review 2023.Illustration; Image credit: Servicio Nacional...

Swiss-based equipment provider ABB has unveiled a new concept of an electric propulsion system to boost efficiency in the shipping industry. As explained, the concept ABB Dynafin is inspired by the dynamic motions of a...

China Merchants Heavy Industry has ordered two MAN Energy Solutions (MAN ES) B&W 7S60ME liquid gas injection methanol (LGIM) engines in connection with the construction of two 9,300 ceu PCTCs the shipbuilder is...

Dutch offshore services provider Boskalis is getting ready to start a thorough inspection of a rapidly decaying floating storage offshore (FSO) unit moored off the Red Sea coast of Yemen and its cargo prior to starting...