CIT provides $42 million in financing for dry bulk fleet
CIT Group Inc. (NYSE: CIT) reports that its Maritime Finance business is providing $42 million in financing for a portfolio of seven dry bulk vessels. Dynamic Bulk Holdings, a leading dry bulk
Shipping
Stena Line RoPax is world’s first vessel to use recycled methanol as fuel
In 2015 Sweden’s Stena Line made history by converting one of the largest RoPax ferries in the world, the 240-meter Stena Germanica, to become the world’s first methanol powered ferry (see earlier
Carnival aims for 52% capacity by November
Eight cruise line brands from Carnival Corporation & plc, the world’s largest cruise company, have announced plans to resume guest cruise operations, with AIDA Cruises, Carnival Cruise Line, Costa Cruises, Cunard, Holland
Ever Given could soon be free to sail
It looks like Ever Given, the giant containership that got wedged across the Suez Canal, may soon be free to leave the Great Bitter Lake, where it has languished since April after
MPC Container Ships in $210 million acquisition of Songa Container
In a deal that puts together two Oslo, Norway, headquartered containership operators, MPC Container Ships ASA has agreed to acquire Arne Blystad led Songa Container AS for an aggregate purchase price of
Furetank’s latest delivery meets IMO 2050 target today
Donsö, Sweden, based Furetank says that its latest delivery, the Fure Viten is the best in class globally in terms of meeting IMO’s climate goals for shipping. Thanks to gas fueling and
Cruising: Florida wins preliminary injunction against CDC rules
A federal judge has granted Florida a preliminary injunction restraining the Centers for Disease Control (CDC) and and Prevention from enforcing its rules on cruise ships in Florida’s ports. Effective July 18,
MEPC 76: No moon shots
Disappointing those who naively supposed it capable of bolder things, the 76th meeting of IMO’S Marine Environment Protection Committee (MEPC) concluded yesterday after passing a package of measures to cut the carbon
CDC slightly eases cruise travel warning
The U.S. Centers for Disease Control and Prevention on Wednesday lowered its health notice on cruise travel from Level 4 (very high), which recommends avoiding all travel, to Level 3 (high). At
DNV launches digital EEXI calculator
Classification society DNV estimates that currently up to 30,000 vessels will need to take action to comply with the upcoming EEXI regulation, likely be adopted at this week’s 76th meeting of the