Coast Guard News
November 13, 2020
A fire broke out on board a Togo-flagged general cargo vessel which was moored near Elafonissos, Greece, the Hellenic Coast Guard said.
The fire started in the afternoon hours of 11 November. Its origin has not been determined so far.
The ship — with fourteen crew members on board — has been identified as the 6,500 dwt Al Hani. It arrived from Libya and was on its way to Turkey at the time of the incident. ... [Read More]
November 13, 2020
Greek shipping company Capital Gas, a unit of Capital Maritime Group took delivery of its newbuild LNG carrier Aristos I. ... [Read More]
November 13, 2020
Greek shipping company Capital Gas, a unit of Capital Maritime Group took delivery of its newbuild LNG carrier Aristos I. ... [Read More]
November 13, 2020
Greek shipping company Capital Gas, a unit of Capital Maritime Group took delivery of its newbuild LNG carrier Aristos I. ... [Read More]
November 13, 2020
Pacific International Lines (PIL) is seeking protection from the Singapore High Court from winding-up or enforcement orders as it tries to get its noteholders on board with a comprehensive restructuring plan.
Under the plan, Singapore’s container shipping major is vying for fresh financing from Heliconia Capital Management Pte, an investment firm owned by Temasek Holdings, and a re-profiling of the company’s debts by way of a scheme of arrangement.... [Read More]
November 13, 2020
Pacific International Lines (PIL) is seeking protection from the Singapore High Court from winding-up or enforcement orders as it tries to get its noteholders on board with a comprehensive restructuring plan.
Under the plan, Singapore’s container shipping major is vying for fresh financing from Heliconia Capital Management Pte, an investment firm owned by Temasek Holdings, and a re-profiling of the company’s debts by way of a scheme of arrangement.... [Read More]
November 13, 2020
During 2020, Norway-based marine technology company Kongsberg Maritime won contracts for twelve of its shuttle tanker concepts, with a value totalling over NOK 400 million ($43.7 million).
Shipyards in South Korea and China are building the vessels, which are destined to operate between offshore installations and onshore plants in Norway, Brazil, Canada and China. ... [Read More]
November 13, 2020
During 2020, Norway-based marine technology company Kongsberg Maritime won contracts for twelve of its shuttle tanker concepts, with a value totalling over NOK 400 million ($43.7 million).
Shipyards in South Korea and China are building the vessels, which are destined to operate between offshore installations and onshore plants in Norway, Brazil, Canada and China. ... [Read More]
November 13, 2020
The rating agency Moody’s has revised its outlook for the shipping industry from negative to stable as the sector outperformed the agency’s projections for this year.
The rating agency said the outlook for the global shipping industry had been negative since March 2020 coinciding with the impact of the COVID-19 pandemic on the global economy. ... [Read More]
November 13, 2020
The rating agency Moody’s has revised its outlook for the shipping industry from negative to stable as the sector outperformed the agency’s projections for this year.
The rating agency said the outlook for the global shipping industry had been negative since March 2020 coinciding with the impact of the COVID-19 pandemic on the global economy. ... [Read More]
November 13, 2020
AidaNova; Image courtesy: Carnival Corporation... [Read More]
November 13, 2020
AidaNova; Image courtesy: Carnival Corporation... [Read More]
November 13, 2020
AidaNova; Image courtesy: Carnival Corporation... [Read More]
November 13, 2020
German container shipping major Hapag-Lloyd reported strong earnings in the first nine months of this year, benefitting from volume recovery in the third quarter combined with stable freight rates and low bunker prices.... [Read More]
November 13, 2020
German container shipping major Hapag-Lloyd reported strong earnings in the first nine months of this year, benefitting from volume recovery in the third quarter combined with stable freight rates and low bunker prices.... [Read More]
November 13, 2020
German container shipping major Hapag-Lloyd reported strong earnings in the first nine months of this year, benefitting from volume recovery in the third quarter combined with stable freight rates and low bunker prices.... [Read More]
November 13, 2020
Trillions of dollars could be misallocated if member states of the International Maritime Organization (IMO) fail to back an industry proposal for a global $5 billion research and development fund in order to de-risk the massive investment needed to decarbonize shipping.... [Read More]
November 13, 2020
Trillions of dollars could be misallocated if member states of the International Maritime Organization (IMO) fail to back an industry proposal for a global $5 billion research and development fund in order to de-risk the massive investment needed to decarbonize shipping.... [Read More]
November 13, 2020
Trillions of dollars could be misallocated if member states of the International Maritime Organization (IMO) fail to back an industry proposal for a global $5 billion research and development fund in order to de-risk the massive investment needed to decarbonize shipping.... [Read More]
November 12, 2020
South Korean fuel cell developer Doosan Fuel Cell has signed a Memorandum of Understanding with Singaporean shipper Navig8 to develop fuel cells for ships.
The move comes as the shipping sector embarks on a path to decarbonize in line with the ever more stringent regulations on greenhouse gas emissions.
Under the cooperation plan, Doosan FuelCell will mount a solid oxide fuel cell (SOFC) currently under development on a 50,000-ton petrochemical product carrier owned by Navig8. ... [Read More]