The Grimaldi Group has commissioned the construction of nine ropax vessels from China Merchants Jinling Shipyard (Weihai), a China Merchants Group company. The deal is worth a total of $1.3 billion.The new ships have been designed to elevate…
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DNV Verifies Emissions Avoided by Jotun Coated Vessels
DNV Maritime Advisory has confirmed that 11.1 million tons of CO2 emissions were avoided by Jotun coated vessels in 2024.The avoided emissions were verified through a technical evaluation using the DNV MASTERv2 emission prediction model combined with A...
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Fincantieri to Build Two Cruise Ships for Carnival’s AIDA Cruises
Fincantieri has signed an agreement with Carnival Corporation, valued over $2 billion, for the design and construction of two new cruise ships for AIDA Cruises.This marks the first time that Fincantieri will build cruise ships for AIDA Cruises…
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New Zealand Ups Defense Spending to 2% of GDP
New Zealand said on Monday it would boost defense spending by NZ$9 billion ($5 billion) over the next four years, and aim to nearly double spending to 2% as a share of GDP in the next eight years, at a time of rapidly growing tension worldwide.The…
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NYK Orders Dual-fuel Methanol VLCC
On April 4, NYK concluded a contract for the construction and charter of a very large crude oil carrier (VLCC) equipped with a dual-fuel methanol main engine, a first for the NYK VLCC fleet.The vessel, which will feature a large shaft generator…
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Meyer Turku Reports 2024 Financial Turnaround
Finland's Meyer Turku Group's financial result for 2024 has been published, with the company reporting a turnover of 1.80 billion euros ($2 billion) which marks a growth of 28% compared to the previous year.The net profit for the financial year…
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Ship Recycling Activity Drops
The global ship recycling sector witnessed some interesting activity last week as local steel plate prices continued to climb in India, fall in China and flatline in Bangladesh and Pakistan, reports cash buyer GMS.Recycling activity has been…
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G7 Says China’s Drills Around Taiwan are Destabilizing
Foreign ministers from the G7 nations called China's recent military drills around Taiwan provocative and destabilizing while urging dialogue for "peaceful resolution of issues.""These increasingly frequent and destabilizing activities are raising cros...
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Well-to-Wake: Scrubbers Beat HFO on Environmental Performance
Researchers from MIT and Georgia Tech have concluded that burning heavy fuel oil with scrubbers in the open ocean can match or surpass using low-sulfur fuels when a wide variety of environmental factors is considered.The scientists combined…
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CMA CGM to Use AI to Boost Productivity
Shipping giant CMA CGM and tech startup Mistral AI expect rapid productivity gains from a 100 million euro ($110 million) partnership unveiled on Sunday, which the French firms also touted as a commitment to their home country amid the global trade ten...
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