Fincantieri points to Q3 production recovery in an unprecedented year
Italian shipbuilder Fincantieri reported a 16% drop in revenues for the first nine months of 2020 reaching €3.53 billion, considerably impacted by the Covid-19 outbreak. The shipbuilder’s EBITDA stood...
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QLNG’s 4000-cbm ATB completes sea trials
Quality Liquefied Natural Gas Transport (QLNG) said its newly built 4000-cbm LNG articulated tug and Barge has completed sea trials. Courtesy of QLNG The vessel was built by VT Halter Marine yard and...
View ArticleA flurry of crude oil carrier orders for Korean shipbuilders surpasses $1...
Korean shipbuilding heavyweights have amassed over $1.06 billion in crude carrier orders in a single day having reported shipbuilding contracts for a total of 13 newbuilds. Korea Shipbuilding &...
View ArticleGoG: Pirates kidnap another 5 seafarers in just 4 days
Five crew members have been kidnapped by pirates from a Ghana-flagged vessel in another incident in the Gulf of Guinea. The 1,700 dwt cargo vessel, identified as Am Delta, was boarded some 44 nautical...
View ArticleScorpio Bulkers nets $101.5 million as it kicks up a notch its bulker selling...
Scorpio Bulkers Inc. has entered into agreements with two unaffiliated third parties to sell five Kamsarmax bulkers for a total of $101.5 million. The ships that will be changing hands are the SBI...
View ArticleCDB Leasing splashes $137 million on Oldendorff’s sextet
Hong Kong-listed China Development Bank Financial Leasing is buying six vessels from German shipowner Oldendorff Carriers GmbH & Co for $137 million. The vessels include six 60,000-ton bulkers,...
View ArticleDCSA, BIC make progress in standardizing container facility identification
The Bureau International des Containers (BIC) and the Digital Container Shipping Association (DCSA) said they have completed their collaboration to standardize the codes used to identify facilities...
View ArticleMHI sets terms of its 1st green bond
Japanese engineering major Mitsubishi Heavy Industries (MHI) is set to issue a $239 million (JPY 25 billion) green bond on November 24 as it aims to raise funds to support the decarbonization...
View ArticleGrieg Star creates innovation spin-off with sustainability in mind
Norwegian shipowner Grieg Star has set up a separate company, named Grieg Edge, to drive innovations within sustainable maritime services. As informed, the new subsidiary has already taken over the...
View ArticleF-drones carries out world’s 1st commercial drone delivery at night
This embedded content is only visible after accepting cookies. Change your preferences Singapore-based startup F-drones has carried out the world’s first commercial drone delivery at night to a vessel...
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ABB to supply power and propulsion systems for 5 Fincantieri-built ships
Technology company ABB has secured an order worth around $150 million to deliver a comprehensive scope of technologies to power next-generation cruise ships being built by Italian shipbuilder...
View ArticleEnvironmentalists blast UN for lack of ambition as IMO adopts GHG reduction...
The International Maritime Organization (IMO) has approved a number of measures aimed at cutting the shipping sector’s carbon emissions in the next decade. The measures adopted at the IMO’s Marine...
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Maersk delivers strong Q3 result, raises 2020 guidance
Danish container shipping major A.P. Moller – Maersk managed to grow earnings and cash flow in the third quarter of this year, despite the negative effect of the COVID-19 pandemic on global economies....
View Article41 Indian seafarers stuck at Chinese ports for months amid a standoff between...
A total of 41 Indian seafarers have been stranded on two ships for months unable to dock in Chinese ports and carry out crew changes amid heated tensions between the governments of China and...
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Gasum, Equinor extend LNG bunkering deal to ARA region
The Nordic energy company Gasum has extended its LNG bunkering services to the ARA region with its new deal with Equinor. Courtesy of Gasum Under the agreement, the company will deliver LNG bunkers to...
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UK outlines £12 billion plan to spark ‘green industrial revolution’
UK Prime Minister Boris Johnson has released a £12 billion plan for a ‘green industrial revolution’ that is expected to support up to 250,000 jobs. Boris Johnson, UK’s Prime Minister (Courtesy of UK...
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Seafarer with burn injuries evacuated from ship off WA coast
A seafarer has been medevaced after suffering serious injuries onboard its vessel, the Australian Maritime Safety Authority (AMSA) said. The yet unidentified vessel was travelling to Port Hedland and...
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Red Sea Gateway Terminal bolsters capacity with new cranes
Jeddah Port’s Red Sea Gateway Terminal has taken delivery of two remote-controlled Ship-to-Shore (STS) cranes, and 10 hybrid-Rubber-Tyred Gantry Cranes (RTGs), as part of its planned expansion. Namely...
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Isle of Man Ship Registry to flag New Zealand’s diesel-electric ferries
The Isle of Man Ship Registry has been selected as the flag state to oversee the construction of two rail-enabled roll-on roll-off passenger ( RoPax) ferries that will connect New Zealand’s North and...
View ArticleHyundai Mipo reveals contract termination for PCTC quartet
South Korean shipbuilder Hyundai Mipo Dockyard has terminated a contract for four pure car truck carriers (PCTC) worth $155 million (KRW 171.8 billion). The contract for the 7,500-ceu car carriers...
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