Shipping losses fall, but that’s not the whole story
First the good news, then the bad. That’s the main take away from marine insurer Allianz Global Corporate & Specialty SE’s Safety & Shipping Review 2022. The good news is that though
Author: Nick Blenkey
MAN Cryo lands order for advanced FGSS solution
A new series of ultra eco-friendly dual-fuel car carriers ordered by Wallenius Marine for charter to Volkswagen will be even greener. They will feature a first of its kind fuel gas supply
Tidewater: Earnings up, red ink down
“Tidewater is uniquely positioned to capitalize on what is looking to be a truly transformational period for vessel activity and day rate improvements over the next several quarters,” said CEO Quintin Kneen
Seaways adopts a poison pill defense
As the Saverys family continues to contest a merger of Euronav into Frontline, billionaire shipping investor John Fredriksen has taken a significant stake in another tanker giant, New York City headquartered International
Keppel O&M signs charters for two “legacy” jack-ups
Keppel Offshore & Marine Ltd (Keppel O&M) has signed agreements for the utilization of two KFELS B Class rigs to be deployed in Saudi Arabia. The bareboat contracts are expected to generate
Lloyd’s Register Foundation names next CEO
Dr. Ruth Boumphrey has been named CEO of Lloyd’s Register Foundation, an independent global charity that owns the Lloyd’s Register Group. She is currently the foundation’s director of research and strategic programs
HAV Design to develop design for Esvagt’s green SOV
The world’s first green-fueled SOV, just ordered by Esvagt, will be built to a design developed by HAV Design, which will also deliver an integrated equipment package including propulsion system, engines, propellers
Eastaway to use power limitation for EEXI compliance
Singapore based containership operator Eastaway Ship Management is to equip six of its ships with Wärtsilä power limitation solutions for six vessels. The solutions will improve the ships’ Energy Efficiency Existing Ship
Alfa-Laval joins the Methanol Institute
As more shipowners see green methanol as a path to decarbonization, Alfa Laval has joined the Methanol Institute. The company’s marine methanol solutions include its FCM (fuel conditioning module) for methanol low-flashpoint
GD names aerospace exec to lead BIW
General Dynamics (NYSE:GD) reports that it has appointed Gulfstream Aerospace executive Charles F. Krugh as president of its Bath Iron Works shipyard in Bath, Maine.. “Chuck’s leadership, proven track record in manufacturing