Shipping Archives — Page 3 of 15

January 10, 2024 No Responses

Firm Gets $716m Contract For 15 Petrochemical Carriers

South Korean shipbuilding giant, HD Korea Shipbuilding & Offshore Engineering (HD KSOE) has secured $716 million contract for fifteen petrochemical product carriers. According to the shipbuilder company, the units will be constructed at Hyundai Mipo Dockyard (HMD) and are expected...

January 5, 2024 No Responses

LNG Firm Seals Charter Deals

UK-based small-scale LNG company, Avenir LNG has executed time charter agreements for LNG bunkering vessels Avenir Advantage and Avenir Accolade. Under the arrangement, Future Horizon, a joint venture between Avenir and MISC, signed a new two-year time charter...

December 28, 2023 No Responses

China Maintains Lead In Global Shipbuilding

China’s shipbuilding output surged by 12.3 percent year-on-year, reaching 38.09 million deadweight tons in the first 11 months of 2023, capturing over 50 percent of the world market. New orders followed suit, witnessing an impressive 63.8 percent YoY increas...

December 15, 2023 No Responses

Firm Orders Four Methanol-Fueled Bulkers

China state-owned shipping company Shandong Shipping Corporation has been linked to an order of four methanol dual fuel bulkers from compatriot Qingdao Beihai Shipbuilding Heavy Industry. The 325,000 dwt vessels will be time chartered to Brazilian mining giant...

December 10, 2023 No Responses

Firm Welcomes LNG-Powered Containership

Chinese shipbuilder, Hudong-Zhonghua has delivered 13,000 TEU LNG-powered containership CMA CGM Bahia to French shipping giant CMA CGM Group. The ship has a total length of 336 meters, a width of 51 meters, a depth of 26.8 me...

December 8, 2023 No Responses

Nestle, Shipping Majors Seal Green Fuel Deals

Container shipping companies, Hapag-Lloyd and CMA CGM on Thursday revealed that they have entered into collaboration with Nestlé, a Switzerland-based food & beverage company, aiming to advance cleaner shipping. “Nestlé has selected our emissi...

December 3, 2023 No Responses

Shipping CEOs Seek End To Fossil-Only Powered Newbuilds

The Chief Executive Officers (CEOs) of leading global shipping lines have issued a joint declaration at COP 28 calling for an end date for fossil-only powered newbuilds and urging the International Maritime Organization (IMO) to create the regulatory condition...

November 20, 2023 No Responses

NPA To Clampdown On Illegal Container Stripping

The Managing Director of the Nigerian Ports Authority, Mr. Mohammed Bello Koko, over the weekend in Lagos, issued a stern warning against the illegal stripping of containers along the port access road, stressing that the Authority will deal decisively with...

October 11, 2023 No Responses

Chamber Of Shipping Rolls Out Data Collection System

The International Chamber of Shipping (ICS) has launched a Carbon Intensity Indicator (CII) Data Collection System. CII is a rating system developed by the International Maritime Organization (IMO) to measure the energy efficiency of ships, above 5,000 gross t...

September 27, 2023 No Responses

Shipping Firms Join Liquefied Hydrogen Supply Chain

Shipping companies Kawasaki Kisen Kaisha (K Line), Mitsui O.S.K. Lines (MOL) and Nippon Yusen Kabushiki Kaisha (NYK) have joined JSE Ocean, a subsidiary of Japan Suiso Energy (JSE), with JSE remaining the majority shareholder with 50.2% of the stock, whilst...

September 12, 2023 No Responses

Egypt, Ghana, Rwanda, Others Back Carbon Levy On Shipping

A coalition of 20 African nations has thrown their weight behind the Nairobi Declaration, advocating for a global carbon levy on shipping. The declaration was adopted at the Africa Climate Summit held in Nairobi last week, and it calls for...

August 24, 2023 No Responses

NSML Rebrands As NLNG Shipping And Marine Services Limited

Key player in the maritime industry, NLNG Ship Management Limited (NSML) has officially announced its name change to NLNG Shipping and Marine Services Limited. According to the company, “this strategic move reflects the company’s evolving business focus an...

August 23, 2023 No Responses

NCDMB Partners Stoilic Shipping On Sea-Time, GOC Scholarship For 10 Cadets

The Executive Secretary of Nigeria Content Development and Monitoring Board (NCDMB), Engr. Simbi Wabote has commended the Management of Stoilic Shipping Limited for its commitment to growing indigenous Capacity for the Nigerian maritime sector. Wabote, &...

August 9, 2023 No Responses

MSC Makes Fresh Order For Ten LNG-Powered Containerships

The world’s largest container shipping firm MSC has returned to Chinese shipbuilder Zhoushan Changhong International Shipyard with an order for an additional ten LNG-powered containerships. The deal will see Zhoushan Changhong International Shipyard build te...