U.K. investment firm Inspirit Capital announced it has completed the carve-out of CWind, a provider of offshore wind support services, from Global Marine Group.CWind completes approximately 60,000 crew transfers annually, utilizing its fleet of crew tr...
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Israel Highlights Fragility of New Trade Corridors
A new and deadly chapter of the decades-old Israel-Palestinian conflict is a reality check for an ambitious trade route. The India-Middle East-Europe Economic Corridor (IMEC), championed by Washington last month on the sidelines of the G20 summit…
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ICS Launches CII Data Collection System
The International Chamber of Shipping (ICS), the global trade association for shipowners which represents over 80% of the world merchant fleet, today launches its Carbon Intensity Indicator (CII) Data Collection System.CII is a rating system…
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Israel’s Ashkelon Port Shut Down
Israel's port of Ashkelon and its oil terminal have been shut in the wake of the conflict between Israel and Islamist group Hamas, shipping and trade sources said on Monday.The port is located just over 10 kilometers (sox miles) from the border with th...
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Maersk’s first 16,200 TEU Methanol-Fueled Ship Launched
The first in a new series of 12 methanol-fueled container ships being built by Hyundai Heavy Industries for Maersk has been launched.The series will be fitted with MAN G95ME-LGIM10.5 EGR-TC engines. Compared to industry-standard vessels, these 350-mete...
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Incat Crowther to Design 60-Meter FSIVs
Incat Crowther has been commissioned by Singaporean shipbuilder Lita Ocean to design three new ABS-classed monohull fast support intervention vessels (FSIVs) for Zamil Offshore.The new 60-metre FSIVs will assist Zamil Offshore with the efficient and sa...
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Ship Recycling Market Surges
After a dire summer that saw over USD 100/LDT wiped off vessel recycling prices in Indian sub-continent ship recycling markets (and even Turkey to an extent), nearly all of the markets have enjoyed an upward resurgence entering the fourth quarter…
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DNV Launches Guidelines for Onboard CCS
DNV has published new guidelines for the safe installation of onboard carbon capture and storage (CCS) system on board ships.Different methods for reducing greenhouse gas (GHG) emissions will be necessary to achieve international, regional, and nationa...
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The Headwinds of US Offshore Wind Development
On March 29, 2021, President Biden announced his ambitious plan to deploy 30 gigawatts (GW) of offshore wind power – enough energy to power 10 million U.S. homes – by 2030. The plan would leverage authorities under the Department of Interior…
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Skarv Orders Four Short-sea MPVs from Huanghai Shipbuilding
Norway-based Skarv Shipping Solutions announced it has signed a contract with China's Huanghai Shipbuilding for the construction of four 7,000 dwt, low-carbon, multipurpose vessels, with an option for four more.The first vessel will be delivered in the...
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