Containership size record set to be broken again
Ocean Network Express Pte. Ltd. (ONE) has signed a Letter of Intent (LOI) for the 15-year long-term charter of six new Ultra Large Container Ships (ULCS). Each with with a capacity greater
Shipping
Hapag-Lloyd places $1 billion order for six ultra large box ships
Hamburg-headquartered Hapag-Lloyd has signed an order for six 23,500+ TEU container vessels with South Kiorea’s Daewoo Shipbuilding & Marine Engineering. Set for delivery between April and December 2023, the vessels represent a
Eagle Bulk signs on to Sea Cargo Charter
One of the world’s largest owner-operators within the Supramax / Ultramax dry bulk segment, Stamford, Conn., headquartered Eagle Bulk Shipping Inc. (NASDAQ: EGLE), has become a signatory to the Sea Cargo Charter.
Scorpio Bulkers will soon have a new name, but no bulkers
Emanuele A. Lauro led Scorpio Bulkers Inc. (NYSE: SALT) said today that following its recent string of vessel sales, its board of directors has authorized the company, as part of its transition
Matson takes delivery of Matsonia
Matson Inc. (NYSE: MATX) today took delivery of Matsonia, the second of two LNG-ready Kanaloa Class combination container / roll-on, roll-off ships built for the company by the General Dynamics NASSCO shipyard
Grieg teams with Wärtsilä to build green ammonia-fueled tanker
Grieg Edge, the innovation hub of Norwegian shipping group Grieg Star, and Wärtsilä Norway have received NOK 46.3 million (about $5.4 million) in support from the Norwegian government’s Pilot-E program for a
HHI Group and DNV GL report on green tankers of the future
In a recent “Green Tankers towards 2050” industry webinar, classification society DNV GL and South Korea’s HHI Group, the world’s largest shipbuilder, presented the results of new joint research on the development
Inmarsat acts to help two start-ups accelerate shipping decarbonization efforts
As part of this year’s “Decarbonizing Shipping” initiative run by venture developer Rainmaking Innovation Limited, mobile satellite communications leader Inmarsat. Inmarsat, has fast-tracked two start-ups to Certified Application Provider (CAP) status. The
Key banks disclose the climate alignment of their ship finance portfolios
In a first-of-a-kind climate finance report, 15 financial institutions that are signatories to the Poseidon Principles on green shipping finance have disclosed the climate alignment score of their ship finance portfolios. Announced
VIDEO: Iridium GMDSS service now operational
Iridium Communications Inc. (NASDAQ: IRDM) reports that its long awaited Global Maritime Distress and Safety System (GMDSS) service commenced operation on Friday, December 11. Iridium says that, with the launch of the