Tag: newbuildings

The newly founded Pherousa Green Shipping is in the design stage of placing an order for up to 6 green-profiled ultramax dry bulk carriers.

Mitsui O.S.K. Lines today announced the signing of an agreement with Mitsubishi Gas Chemical Company, on 28th April, 2023 for the long-term charter of a methanol carrier, which can run on either methanol or conventional heavy fuel oil.

In this week’s BIMCO Shipping Number of the Week, Niels Rasmussen, Chief Shipping Analyst, examines an expected spike in the number of ships that will be recycled over the next 10 years, partly due to the shipping industry facing tighter Greenhouse Gas emissions regulation.  

Platypus Marine announced this week that it has signed a Letter of Intent with Damen Shipyards for the building of a Fast Crew Supply (FCS) vessel, compliant with the Jones Act, to serve the offshore wind industry in the United States. 

Abu Dhabi’s Al Seer Marine signed a joint venture agreement with Damen Shipyards and financier DTec Industries, to target $10bn of newbuildings.

Wärtsilä and Samsung Heavy Industries signed a joint development programme (JDP) agreement aimed at developing ammonia-fuelled vessels with 4-stroke auxiliary engines available for future newbuild projects.

Total orders of dry bulk, tanker, and container ships have jumped 119.7% in the first five months of the year compared with the same period in 2020, according to BIMCO.

CO2 emissions in shipping will continue to rise, as most of the efficiency gains possible by the shipping industry to drive down its carbon footprint over the past decade have already been made, Swedish-based Marine Benchmark says in a new study. 

Iran’s Ports and Maritime Organization (PMO) has allocated 36 trillion rials (=$857.2 million) of its budget resources for a program to develop the country’s maritime industry, including the construction of 83 vessels, the head of PMO informed. 

Nauticor, Germany-based LNG supplier, entered into a cooperation with manufacturer of special purpose vessels Fr. Fassmer, in newbuilding and retrofitting projects for ships with LNG engines. The two partners aim to generate synergy effects for the commissioning of newbuild or retrofitted vessels, which have been equipped with LNG engines and the respective system components.