One of the world’s largest shipowners, Singapore-headquartered Eastern Pacific Shipping (EPS), is to retrofit a number of the existing vessels in its 15 million dwt fleet to burn methanol and ammonia fuels.
This article was written by Marybeth Luczak, executive editor, Railway Age Magazine, an affiliate publication to Marine Log. The Montreal Port Authority’s (MPA) Contrecoeur Port Terminal Expansion Project gets the greenlight; Port of
Copenhagen-headquartered TORM reports that it has entered into an agreement to purchase eight 2007-2012 built MR product tankers from Team Tankers Deep Sea Ltd. for a total cash consideration of $82.5 million
The Maritime and Port Authority of Singapore (MPA) has issued a third LNG bunker supplier license. It has been awarded to Total Marine Fuels Private Limited and is for for a five-year
An Israeli-owned car carrier, the MV Helios Ray, has been damaged by an explosion that occurred when the vessel was in the Gulf of Oman, approximately 44 nautical miles northwest of Muscat.
CMA CGM Group Chairman & CEO Rodolphe Saadé announced today that he will dedicate six new liquefied natural gas (LNG) fueled containerships to the U.S. market, as part of the group’s ongoing
After taking a pause to maintain apparatus, the St. Simons Sound Response team today resumed cutting operations on the hull of the capsized car carrier Golden Ray, which is being sliced into
By dropping in bio-LNG to their fuel mix, owners of LNG-fueled ships could extend the time through which they are eligible for preferential “green” financing under the Poseidon Principles. The SEA-LNG coalition
Naples, Italy, headquartered Grimaldi Group has signed a $600 million agreement with South Korean shipbuilder Hyundai Mipo Dockyard covering the construction of six new RO/RO multipurpose vessels. With a length of 250
CIT Group Inc. (NYSE: CIT) reports that its Maritime Finance business served as sole lead arranger on a $45 million financing for a portfolio of seven containerships. The financing was arranged on