The National Shipping Company of Saudi Arabia (Bahri) has reported strong financial results for the quarter and the full year ended December 31, 2019, underpinned by an increase in returns of several business units.The transportation and logistics…
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Ørsted Eyes Carbon-Neutrality by 2025
The global leader in offshore wind Ørsted A/S will become carbon neutral by 2025. "This will make Ørsted the first major energy company to reach net-zero emissions in its energy generation - far ahead of science-based decarbonization targets for limit...
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EGS Connects Dutch Deepsea Terminals
The intermodal service provider European Gateway Services (EGS) offers network of connections between all deepsea terminals Maasvlakte Rotterdam with Nuremberg in Netharlands.The Rotterdam - Nuremberg rail shuttle is now already calling at all…
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Eidsvaag Converts PSV to Fish Feed Carriers
Norwegian company that specializes in the distribution of fish feed Eidsvaag has contracted Damen to convert platform supply vessels (PSV) into highly demanded fish feed carriers.Damen Shiprepair Amsterdam (DSAm) is converting a platform supply…
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Polar Research Ship Commissions Lifeboats
UK’s new polar research ship being built at Cammell Laird in Birkenhead RRS Sir David Attenborough has achieved another important milestone with the commissioning and testing of the ship’s lifeboats and lifeboat davits.The lifeboats, each capable of ca...
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LNG and Shipping Decarbonisation Target
Though liquefied natural gas (LNG) could help the shipping industry to reach its decarbonization target, it could wreck the climate, finds a study.According to a research by the International Council on Clean Transportation (ICCT), switching…
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Navibulgar Orders Four Bulkers
Bulgarian shipping company Navigation Maritime Bulgare (Navibulgar) ordered a new series of four 31800 ton bulk carriers in the Chinese Shipyard Jiangsu New Yangzi Shipbuilding Co.The century-old, largest ship-owning company in the country said…
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Kirby to Acquire Savage Inland Marine Fleet
Houston-based Kirby Corporation said it has signed a definitive agreement to acquire Savage Inland Marine's towboat and tank barge fleet for approximately $278 million in cash and the assumption of leases.Kirby will acquire Savage's inland fleet…
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Lenders Back Initiative to Factor CO2 Cuts into Shipping Finance
Credit Suisse, BNP Paribas and French public investment bank Bpifrance are the latest lenders to join an initiative to link provision of shipping finance to cuts in carbon dioxide emissions.Global shipping accounts for 2.2% of the world's CO2…
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New telescope reveals sun’s surface in closest detail yet
Images from a powerful new telescope installed on top of a volcano in Hawaii show the surface of the sun in the closest detail yet, revealing features as small as 30km (18 miles) across.
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