Fincantieri signed a "green" construction loan for a maximum amount of $461m with Intesa Sanpaolo (IMI Corporate & Investment Banking Division) and Cassa Depositi e Prestiti (CDP), the proceeds of which will be used to cover the financial needs linked ...
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All Clear for Fincantieri’s Acquisition of Remazel Engineering
Advanced Technology Industrial Group, a company controlled by Alpha Private Equity, has reached an agreement for the sale of 100% of Remazel Engineering to Italian shipbuilding giant Fincantieri.The anticipated completion of the transaction…
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Bulk Carrier Hits Mine in Black Sea, Two People Injured
A Panama-flagged bulk carrier that was headed to a River Danube port to load grain has hit a mine in the Black Sea, the Ukrainian military said on Thursday.It was the latest incident of a civilian vessel hitting an explosive in the Black Sea…
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Alabama Pilots Receive New Launch from Gladding-Hearn
The Alabama Pilot, Inc. in Mobile, Ala., has taken delivery of its second Chesapeake Class high-speed pilot boat, Mobile Pilot, from Somerset, Mass. shipbuilder Gladding-Hearn Shipbuilding, Duclos Corporation. Delivery of its first Chesapeake launch…
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Hapag-Lloyd Studying Wind-assisted Propulsion
Hapag-Lloyd reports it has initiated a conceptual study for a 4,500 TEU ship featuring a wind-assisted propulsion system.The German shipping company, which aims to be carbon neutral by 2045, is exploring the use of wind-assisted propulsion systems…
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Shipping Firms Take First Steps Toward Red Sea Return
France's CMA CGM is increasing the number of vessels travelling through the Suez Canal, it said on Tuesday, joining Maersk in returning to the area after U.S.-led efforts to prevent attacks.The world's top shipping companies, including Maersk and Hapag...
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Singapore Sets Arrival Tonnage Record
The Port of Singapore has registered a record three billion gross tonnage (GT) in annual vessel arrival tonnage.The record was reached with the arrival of the 8,628 TEU, 98,799 GT Singapore-flagged container ship, ONE Olympus, at the Pasir Panjang Term...
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Shipping Companies Take First Steps Towards Red Sea Return
France's CMA CGM is increasing the number of vessels travelling through the Suez Canal, it said on Tuesday, joining Maersk in returning to the area after U.S.-led efforts to prevent attacks.The world's top shipping companies, including Maersk and Hapag...
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Houthis Claim Responsibility for Container Ship Attack
Yemen's Iran-backed Houthi militia claimed responsibility for a missile attack on Tuesday on a container ship in the Red Sea and for an attempt to attack Israel with drones.MSC Mediterranean Shipping said there were no injuries to its crew from the att...
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US Offshore Wind Poised for 2024 Success After Turbulent 2023
The U.S. offshore wind industry is eying a brighter 2024, with work expected to start on several projects following a year marked by stalled developments and billions of dollars in write-offs.The offshore wind industry is expected to play a major role ...
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