California-based biofuels start-up WasteFuel has launched WasteFuel Marine, a renewable fuel solution for the shipping sector. Perhaps not surprisingly, given that Maersk is an investor in the company, WasteFuel Marine’s initial product
Japan’s NYK Line has placed orders for four LNG-fueled Capesize bulk carriers at three shipyards. Three will be built in Japan (two at at Nihon Shipyard, one at Namura Shipbuilding) while the
Looks like A.P. Moller – Maersk A/S won’t be strapped for cash as it plans a new generation of methanol fueled box ships and ratchets up its decarbonization ambitions. Maersk is reporting
Teekay LNG Partners L.P. (NYSE: TGP) today reports that its previously announced acquisition by investment vehicles managed by New York City headquartered Stonepeak has completed. With the $6.2 billion deal done, the
There’s some good news for the approximately 2,000 employees at Genting Hong Kong’s German shipbuilding subsidiary MV Werften, which filed for insolvency January 10. Though they have not been paid their December
“If we all want a sustainable future this is it. We need to act now and act here,” said Soren Skou, CEO of A.P. Moller – Maersk, as the company unveiled a
Qatar-based Nakilat, owner of the world’s largest LNG carrier fleet, has partnered with ABS to map out decarbonization pathways for its 69 LNG carriers and four very large LPG gas carriers. The
Georgios Plevrakis serves as ABS director for global sustainability, based in Athens, Greece, where he’s responsible for helping owners and operators develop fuel and operational strategies to meet sustainability goals. Before joining
Netherlands-based Vroon Group reports that it has reached a preliminary agreement on debt restructuring that will see its lenders become its majority shareholders. “For several years Vroon has been in discussions with
Putting the long in “long term,” Singapore-based NYK Shipmanagement has signed a 13-year optimized maintenance agreement with Wärtsilä. The contract is designed to ensure maximum uptime and equipment reliability, with assured maintenance