Airbus ship heads for Mobile, powered by suction sails
The decision by Airbus and Louis Dreyfus Armateurs (LDA) to install Norsepower rotorsails on their three next-generation newbuilds is just one part of the story on how the two are looking to
The decision by Airbus and Louis Dreyfus Armateurs (LDA) to install Norsepower rotorsails on their three next-generation newbuilds is just one part of the story on how the two are looking to
Singapore-headquartered bulker operator SDTR Marine has entered into a Joint Development Project (JDP) with classification society DNV that will explore the feasibility of installing a carbon capture and storage (CCS) system on
In the latest example of how leading charterers are pushing shipping decarbonization forward, Brazilian mining giant Vale S.A. is to install five rotor sails from London-headquartered Anemoi Marine Technologies Ltd onboard the
Canada’s Algoma Central Corporation continues to move towards methanol. It has placed a CAD 127 million (about USD 96 million) order with Hyundai Mipo Shipyard in South Korea to build two 37,000
By eliminating unladen voyages by single-purpose tankers and dry bulkers, combination carriers already deliver major energy savings. Now Oslo-headquartered Klaveness Combination Carriers (KCC) says that these can be increased. Through a subsidiary,
The latest shipowners joining the growing number ready to explore methanol fueling are Canada’s Algoma Central Corporation and CSL Group. Today they announced a newbuild order for their CSL International Pool. Placed
Athens-headquartered Diana Shipping Inc. (NYSE: DSX) has agreed to buy what looks to be the entire fleet of Stamford, Conn., based Sea Trade Holdings, Inc. Announcing the deal, Diana said it has
CIT, a division of First Citizens Bank, today announced that its Maritime Finance business provided $80 million to refinance two Korean-built containerships operated by Seamax Capital. Founded in 2012 to make investments
Looking for what’s ahead in the dry bulk shipping markets? The thermometer usually used to measure the health of the dry bulk market is the Baltic Dry Index, and through the first
If you didn’t get the message that shipping needs to decarbonize, welcome back from your vacation on Mars. The International Maritime Organization has set what the International Chamber of Shipping describes as