Maritime news

Monitor breaking maritime news and insights for profitable, efficient and safe shipping.

Wärtsilä Lifecycle Agreement provides operational support and cost savings for Korean container vessels

Technology group Wärtsilä has signed a five-year Lifecycle Agreement with Korea Maritime Transport Co (KMTC). The agreement covers two post-Panamax container vessels, each powered by Wärtsilä 12RT-flex96C-B two-stroke main engines, and became …
Mar 19, 2024 / Curious

Hunter Group ASA – Takes delivery of second eco scrubber-fitted VLCC

Hunter Group ASA announced on Monday that it has taken delivery of its second eco scrubber-fitted VLCC. The Company has chartered in the Vessel on a 3-year fixed time-charter (“TC”) rate of USD 51,000 per day, and subsequently chartered the Vessel …
Mar 19, 2024 / Curious

Avance Gas Holding Ltd (AGAS): Successfully completed the sale of our fifth VLGC newbuilding

Avance Gas Holding Ltd. (Avance Gas) (OSE: AGAS) announced earlier today the successful sale of newbuilding hull 2367 with intended name Avance Castor for a cash consideration of $120 million less broker commission as previously announced in a press …
Mar 19, 2024 / Vessels

ESL Shipping to sell its Supramax vessels

ESL Shipping has signed a memorandum of understanding to sell its two Supramax class vessels Arkadia and Kumpula to companies belonging to HGF Denizcilik Limited Sirket group, a Turkish shipping and logistics company. The sale of the vessels is part …
Mar 19, 2024 / Curious

Hanwha Ocean and Bureau Veritas Partnership Advances Safety and Performance in New Standard 270K LNG Carrier Design Development

Bureau Veritas (BV), a world leader in testing, inspection, and certification, has announced the successful conclusion of a Joint Development Project (JDP) with Hanwha Ocean Co., Ltd. (Hanwha Ocean) for the development of a 270K LNG Carrier. Hanwha …
Mar 18, 2024 / Curious

GEFO chemical tanker Tosca is a certified industry pioneer

GEFO’s LNG dual fuel tanker Tosca is the first chemical tanker in the maritime industry to be awarded the Green Award CO2 label, setting a new benchmark for environmental performance and responsibility. The certification underlines GEFO’s commitment …
Mar 18, 2024 / Curious

Storylines and Brodosplit Shipyard Renew Ship Building Contract to Construct Private Residence Ship

Storylines, a pioneering force in the residential ship industry, has renewed a shipbuilding contract with Brodosplit shipyard based in Split, Croatia, to construct the world's first environmentally sustainable private residence ship. The signing of …
Mar 18, 2024 / Cruise

The first hybrid electric vessel built in South America will use a Corvus battery system

Corvus Energy to supply the battery energy storage system onboard the Magellan Discoverer— the first hybrid diesel-electric vessel to be constructed in South America. Photo caption: The Magellan Discoverer has a unique design especially made for …
Mar 18, 2024 / Vessels

Maersk Supply Service partners with Edison Chouest Offshore in the US for the construction and operation of a Jones Act-compliant windfarm feeder

Maersk Supply Service to partner with Edison Chouest Offshore (ECO) for the construction and operation of a windfarm feeder concept specifically designed for Maersk Supply Service’s next-generation Wind Installation Vessel. Based on innovative …
Mar 18, 2024 / Curious

NYK and Astomos Energy Christen New Dual-Fuel LPG Carrier

First new joint ownership with Astomos Energy in 21 Years On March 1, a naming ceremony was held at the Sakaide Works of Kawasaki Heavy Industries Ltd. for the first new LPG carrier jointly owned by NYK and Astomos Energy Corporation (Astomos Energy) …
Mar 15, 2024 / Vessels