The vast majority of ships in the German fleet will run on the new sulfur-reduced fuel (Low Sulfur Fuel Oil, LSFO) from 1 January at the latest. This is one of the findings of a survey conducted by the German Shipowners’ Association (Verband Deutscher ...
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DecarbonICE Project for Green Shipping
A group of world leading shipping companies including NYK, Sovcomflot, Knutsen OAS and Ardmore, ship builders, including DSME and the mining company Vale, have therefore teamed up with Denmark based Maritime Development Center to develop such…
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NYK Line Wins First Sustainability Loan in Japan
The Japanese shipping giant NYK Line has secured a syndicated sustainability-linked loan from MUFG Bank Ltd. This is Japan's first advanced loan that allows for conditions such as the loan’s interest rate to be adjusted according to the borrower’s…
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NYK Line Wins First Custainability Loan in Japan
The Japanese shipping giant NYK Line has secured a syndicated sustainability-linked loan from MUFG Bank Ltd. This is Japan's first advanced loan that allows for conditions such as the loan’s interest rate to be adjusted according to the borrower’s…
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Eimskip Sells Three Reefer Vessels
Icelandic container line and a logistics company Eimskip has made an agreement to sell three of its reefer vessels in Norway for USD 12 million (EUR 10.9 million).The vessels, Langfoss, Stigfoss and Vidfoss, are 30 years old and have been operated…
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Rotterdam Adopts Revised Port Vision
The city council of Rotterdam has adopted the revised Port Vision. The creation of economic and societal value and realizing sustainable growth form the core of the revised Port Vision.The revised Port Vision was approved by the Port of Rotterdam Autho...
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Qatar Eyes LNG Top Spot
Qatar is eyeing liquefied natural gas (LNG) top spot as it primes 64% output boost, said Wood Mackenzie.Qatar Petroleum (QP) announced that it will boost output from Qatar LNG by 64% - from 77 million tonnes per annum (tpa) at present to 126…
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MacGregor Wins Orders from Europe
MacGregor, the provider of maritime cargo and load handling services, has secured orders to provide MacGregor equipment to a European port development project and TTS products to a naval project.The orders has a total value of approximately EUR 8 milli...
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Mitsubishi Christens Cargo-Passenger Ship
Yokohama-based Mitsubishi Shipbuilding Co has launched a cargo-passenger ship currently under construction for Tokai Kisen Co., Ltd.The new vessel will inherit the name Salvia Maru, replacing the second ship bearing the name that is currently…
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Royal IHC Collaborates with Breman Machinery
Royal IHC (IHC), a Netherlands-based player in design and construction activities for the specialist maritime sector, and compatriot Breman Machinery, a company that makes components for the builders of machinery, have signed an agreement to…
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