Maersk sees record earnings continuing into 2022
A.P. Moller – Maersk (Maersk) has delivered on the strong profits guidance it gave back in January. Today, it reported record earnings for 2021: Revenue was up 55% to $61.8 billion, EBITDA
Search Results for: decarbonization
Isle of Man Ship Registry plans reduced fees for green ships
The Isle of Man Ship Registry (IOMSR) is set to become the first flag state in the world to offering reduced registration fees for ships using green technology. The green discount will
Op-Ed: Reframing marine assurance to meet shipping’s challenges
By Gonzalo Mera Truffini, Americas Executive Manager, MIS Marine As the maritime industry faces a pivotal decade, driven by the need to accelerate sustainability and embrace digitalization, more onus should be placed
Harvey Gulf puts carbon neutral PSV into operation
Moving one step closer to becoming the world’s first Environmental, Social, and Governance (ESG) certified oil and gas vessel operator, Harvey Gulf International Marine, New Orleans, La., has begun to operate one
Eastern Pacific: “We won’t carry coal”
One of the world’s leading dry bulk operators is taking a stance against coal: it won’t carry the stuff. Idan Ofer’s Eastern Pacific Shipping (EPS) has just released the 2022 edition of
TTB 2022: A look at the current regulatory landscape for tugs & towboats
On March 29—Day 1 of Marine Log’s TTB 2022 conference for the tug, towboat and barge industry—Vice President of Regulatory Affairs for the American Waterways Operators (AWO) Caitlyn Stewart will present on
Growing interest in LPG as a fuel for LPG carriers
As the marine industry focuses on decarbonization, Alfa Laval reports that it is seeing increased demand for solutions related to LPG as fuel, particularly for LPG carriers. Recent months have seen significant
Maersk again ups profits guidance
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
Construction starts on largest-yet Jones Act LNG bunkering barge
Fincantieri Bay Shipbuilding, Sturgeon Bay, Wis., has started construction of the largest-ever Jones Act LNG (liquefied natural gas) bunkering barge. Crowley Maritime will operate the 12,000-cubic-meter barge under a long-term charter with
Q&A: ABS Director for Global Sustainability Georgios Plevrakis
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