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Shipping banks provide cheaper loans to greener shipping companies, but not greener ships

A recent study by the UCL Energy Institute has uncovered a critical issue in green financing for the shipping industry.

Helm Operations and Caterpillar collaboration to share workboat engine data

Helm Operations and Caterpillar Marine have announced a strategic collaboration to enhance workboat operations by integrating advanced engine data with industry-leading software.

ONE, HMM and Yang Ming confirm the alliance partnership

A comprehensive update for all services for the major trade lanes will be announced separately, including service package under the new alliance.

Maersk deploys largest methanol-powered ship on Gothenburg-Asia route

The shipping company Maersk has deployed its latest and largest methanol-powered ship on the transoceanic weekly route between the Port of Gothenburg and Asia.

ClassNK awards first-ever notation for safe transportation of EVs to MOL’s car carrier ‘CERULEAN ACE’

Shipping companies are implementing various measures to address EV fires, which raise concerns due to difficulties in extinguishing and the risk of re-ignition.

Russia installs Tor-M2KM SAM on Sovetsk Corvette

The Russian Baltic Fleet has equipped the Sovetsk corvette with a Tor-M2KM anti-aircraft system module.

Strengthening emergency preparedness in the Barents Sea

Equinor will establish and operate a new area-wide emergency preparedness solution for the southwestern Barents Sea.

Visayas Container Terminal gears up for larger ships

Scheduled to arrive by the first week of September, the MHCs will enable VCT to handle new generation vessels and cater to the increased volume.

Northland Power confirms Hai Long Offshore Project incident

The affected individuals were quickly transported to nearby hospitals, where they are currently receiving emergency treatment.

Chinese coast guard ship rammed into Philippine coast guard ship

Chinese and Philippine coast guard ships collided on Monday during a confrontation near a disputed shoal in the South China Sea. The media reported on this.

d’Amico uses option to buy MR tanker way below market value

Through this transaction, the company acquires a young and high-quality vessel at an attractive purchase price, around 30% lower than its current market value

BW LPG acquires 12 very large gas carriers from Avance Gas

BW LPG Limited has entered into agreements to acquire 12 modern Very Large Gas Carriers (VLGCs) from Avance Gas Holdings Ltd. for a total consideration of US$ 1,050 million.

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