DSME, MOL to reduce FSRU’s environmental impact

The Korean company Daewoo Shipbuilding & Marine Engineering (DSME) along with the Mitsui O.S.K. Lines recently shake their hands and inked an agreement in order to develop new technologies, reducing the environmental affects of the Floating Storage and Regasification Unitis (FSRU).

Year in Review: Environmental issues that caught shipping’s eye in 2019

As we are approaching the end of another exciting year for shipping, without a doubt the focus of everyone ahead of 2020 will be on IMO sulphur cap. This issue, along with decarbonization in general, has emerged as a main priority for the sector, with companies trying to find ways to cut their emissions. In this article, we take a look back at 2019, and we identify the key environmental moments that left their mark.

World’s second LNG cruise ship delivered to Costa Cruises

On 5 December Costa Cruises, the Italian brand of Carnival Corporation officially took delivery of its first powered by liquefied natural gas (LNG) ship, known as Costa Smeralda. The handover ceremony was held in the place where the company’s vessel was build, at the Meyer shipyard in Turku, Finland.

BW LNG conducts naming ceremony for two LNG carriers

BW LNG shipping company, part of BW Group, conducted a naming ceremony for two of its new LNG carriers on September 7. The two vessels named BW Pavilion Aranda (H2489) and BW Magnolia (H2490), were constructed by South Korea’s Daewoo Shipbuilding & Marine Engineering.

Costa Cruises cuts the steel of second LNG-fuelled cruise ship

Costa Cruises, celebrated the first steel-cutting for Costa Toscana, the company’s second ship that can be powered in port and at sea by liquefied natural gas (LNG), at the Meyer Turku shipyard in Finland. The Italy-flagged vessel is to be delivered in 2021.

2017 slippages to obstruct LNG shipping charter rates recovery

The increasing vessel supply will put pressure on LNG charter rates in 2018. It also added that its short-term outlook for LNG charter rates is still pessimistic because of the high fleet growth rate compared with demand. In 2017, 43 vessels were planned to be delivered, while only 27 were delivered during the year, with 16 were being delivered in 2018. In 2018 a total of 69 vessels are scheduled for delivery in 2018.

Top green shipping stories of 2017

As we are heading towards the end of 2017, we take a look back at the significant developments for the protection of the marine environment. The entry into force of the BWM Convention, the exclusion of shipping in the EU ETS, the initiatives towards electrification and decarbonization compile the scenery of a challenging year for shipping.

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