GoodBulk in $200 million refinancing swoop
Owner and operator of dry bulk vessels GoodBulk is joining its industry peers in securing refinancing and reducing cash break-even levels. The company has received credit committee approval from its...
View ArticleI-Tech: Over 40% of ships had unacceptable levels of barnacle fouling before...
More than 40% of vessels were suffering from over 10% hard fouling coverage on the hull even before the idling of fleets due to COVID-19, analysis of hull fouling collection data in a new research...
View ArticleDay of the Seafarer 2020: It’s time for the EU to resolve crew change crisis
On the Day of the Seafarer 2020, European Community Shipowners’ Associations (ECSA) and the European Transport Workers’ Federation (ETF) are calling upon EU institutions and member states to start...
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Wärtsilä to boost efficiency of E-Marine’s cable layer
Finnish technology group Wärtsilä has been contracted by Dubai-based E-Marine, a specialist operator of cable layer vessels, to improve the efficiency of its cable layer Umm Al Anber. The...
View ArticleFastwater partners to explore commercialisation of methanol as green marine fuel
A consortium of Europe’s maritime research and technology leaders have launched the Fastwater project to demonstrate the feasibility of retrofit and newbuild vessels to operate on methanol as a...
View ArticleOffshore energy industry navigating 100-year-old US law
Section 27 of the U.S. Merchant Marine, sponsored by Senator Wesley L. Jones and enacted in June 1920, requires vessels traveling between any two U.S. points to be U.S.-manufactured, -owned, -flagged,...
View ArticleArtemis Technologies-led consortium bags $74 million to build zero-emission...
A Belfast Maritime Consortium led by Artemis Technologies, a spin-off from the America’s Cup sailing team, Artemis Racing, has won a £33 million ($40 million) UK Government innovation grant to develop...
View ArticleNavios Unite loses containers off Western Australia
Several containers have fallen overboard from a Liberia-flagged containership in rough weather off the coast of Western Australia, the Australian Maritime Safety Authority (AMSA) said. The 8,204 TEU...
View Article6 crew members kidnapped off Cotonou
Six crew members of a fishing vessel Panofi Frontier have been kidnapped by a group of gunmen some 61 nautical miles south of Cotonou Port, Benin, Dryad Global informed. The fishing vessel was chased...
View ArticleCrew members on board Maersk Idaho test positive for COVID-19
Several crew members on board a containership owned and operated by a US subsidiary of Danish shipping giant Maersk have tested positive for coronavirus. Upon arriving in Newark, New Jersey, on 19...
View ArticleDutch Safety Board warns liners of container loss risk above Wadden Islands...
An investigation of the Dutch Safety Board into the container loss incident involving MSC Zoe has found that the shipping routes above the Wadden Islands during northwestern storms pose a risk for a...
View ArticleABS chief calls for adequate training of seafarers to cope with digital...
The shipping industry has been fairly slow in adopting digitalization, due to its conservative nature. Nevertheless, over the past few years, the pace of digitalization has sped up considerably and...
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OVI: Over 100 tons of plastics recovered in largest-ever open ocean cleanup
Ocean Voyages Institute’s (OVI) marine plastic recovery vessel, S/V Kwai, docked at the port of Honolulu on 23 June 2020, after a 48-day expedition, successfully removing 103 tons of fishing nets and...
View ArticleSingapore: Maritime technology startups to benefit from new initiative
More than 50 promising Singapore-based startups will get liquidity boost thanks to the new initiative by SEEDS Capital. SEEDS Capital, the investment arm of Enterprise Singapore (ESG), has appointed...
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Daewoo E&C consortium wins Ulsan LNG contract
A consortium led by South Korea’s Daewoo Engineering & Construction has won a contract to build a liquefied natural gas tank terminal in the Port of Ulsan. Signing ceremony (Image: Daewoo E&C)...
View ArticleNorsepower makes its rotor sails tiltable to overcome height restrictions in...
Finnish cleantech company Norsepower and logistics provider SEA-CARGO have inked a deal to install two of Norsepower’s largest Rotor Sails onboard the SC Connector, a side door Ro-Ro. The agreement...
View ArticleNYK: World’s 1st global hydrogen supply chain demonstration project starts
The world’s first international demonstration operation to transport hydrogen has begun. The project members are conducting a demonstration operation for the construction of an international hydrogen...
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DP World Southampton welcomes its largest vessel to date
The 23,820 TEU HMM Oslo, the biggest vessel ever to call at DP World Southampton, arrived at the port in the early hours of 26 June at the end of her maiden voyage to the UK. Image Courtesy: DP World...
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Construction starts on Stena Line’s two larger E-Flexer ferries
Amid the ongoing COVID-19 pandemic, Swedish ferry company Stena Line has confirmed that the construction of its two new, larger E-Flexer ferries has begun in Weihai, China. Photo: Mild Design/Stena...
View ArticleWindea Jules Verne arrives in Eemshaven
The new Service Operation Vessel (SOV) Windea Jules Verne arrived in Eemshaven on 29 June, according to the vessel’s AIS data and social media posts from DHSS. The vessel will soon start working at...
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