News

Major shipping banks will for the first time integrate climate considerations into lending decisions to incentivize maritime shipping’s decarbonization. The Poseidon Principles will be a global framework for assessing...

The hull assembly phase of the 180,000 gross ton cruise ship Mardi Gras, under construction for Carnival Cruise Line, was launched with a traditional coin ceremony at Meyer Turku shipyard on June 18. The vessel is the...

Finland’s technology group Wärtsilä, Maritime Research Institute Netherlands (MARIN) and Italian shipowner Grimaldi have designed an energy saving device (ESD) that can be used by ships with controllable pitch propellers...

The flags of Lithuania and the Russian Federation have been included in the white list of the Paris Memorandum of Understanding on Port State Control (Paris MoU), the body’s committee said in the latest update. The...

Danish ferry and logistics company DFDS has presented four strategic pillars that would be the key growth drivers in the coming five years in addition to market growth. As informed, the company intends to continue...

Danish shipping major Maersk is in negotiations with FSUE Atomflot (Rosatomflot), a Russian operator of nuclear-powered icebreakers and part of Rosatom, to use the Northern Sea Route (NSR) for sending goods.  “We have...

A car carrier that caught fire off the coast of the Philippines was abandoned near Reed Bank on June 17, the Philippine Coast Guard (PCG) was cited by local media as saying. The ship in question is the Diamond Highway,...

Bachmann’s involvement in MARIN’s Zero Emissions Lab When the subject of MARIN (Maritime Research Institute Netherlands) comes up in conversation, it is not surprising that one of the first images that comes to mind is the...

South Korean shipping company KSS Line has decided to order an 84,000 cbm very large gas carrier (VLGC) at compatriot Hyundai Heavy Industries (HHI) shipyard.  Signed on June 13, the deal also includes one option for an...

US-based Hudson Shipping Lines will not employ vessels with scrubbers to comply with the IMO 2020 sulphur cap that comes into force on January 1, 2020. The company said it would instead exclusively burn fuels that comply...