Maersk Tankers confirmed an order for up to 10 very large ammonia carriers (VLAC) has been placed with Hyundai Samho Heavy Industries in Korea. Mitsui & Co., Ltd. will join as a co-investor in the first four vessels. The vessels will be operated by Maersk Tankers.The 93,000 cbm newbuilds will be among the largest ammonia carriers in operation, capable of carrying a full cargo of ammonia.
Japan-based Mitsui O.S.K. Lines, (MOL) and Taiwan-based Ta Tong Marine Co. have through their joint venture Ta San Shang Marine Co. Ltd. (TSSM), signed a deal with the Dutch shipbuilder Damen Shipyards for the construction of a new service operation vessel (SOV).As TSSM's second Taiwan-flagged SOV, following Asia's first, the TSS Pioneer, which was delivered in 2022
The first turbine has been installed at the South Fork Wind Farm offshore New York, developer Ørsted announced on Monday.The first of South Fork Wind’s 12 Siemens Gamesa wind turbine generators was hoisted into place by the offshore construction team at the project site 35 miles off Montauk, N.Y. Van Oord’s offshore installation vessel, the Aeolus, is installing the turbines.
Belgium's Euronav on Monday said that its two major shareholders CMB and Frontline have reached a deal that would see CMB take control of the oil tanker company and buy its remaining shares.The deal ends uncertainty over Euronav's future, after peer Frontline - controlled by Norwegian-born shipping tycoon John Fredriksen - in January scrapped a $4.
The Phoenix Harmonia, a liquefied petroleum gas (LPG) powered very large LPG/ammonia carrier, has been constructed by Namura Shipbuilding Co., Ltd. and delivered to MOL Energia Pte. Ltd., a Singapore-based company of Mitsui O.S.K. Lines Group, on September 29.Mitsubishi Shipbuilding Co., Ltd.
A five-person submersible vessel taking wealthy adventurers on a $250,000 trip to see the wreckage of the 1912 Titanic disaster 12,500 feet (3,800m) undersea is missing in the Atlantic off Canada.Reuters is reporting the following individuals onboard:HAMISH HARDING. The British billionaire and chairman of aviation consultancy Action Aviation is among those missing, according to his stepson.
New York City is set to receive its first public hybrid-electric ferry, Mayor Eric Adams announced on Wednesday.The first-of-its-kind vessel—currently under construction at Conrad Shipyard’s facility in Morgan City, La.— will begin transporting passengers to Governors Island in summer of 2024. It will replace the diesel-powered Lt. Samuel S.
Peter Twiss, the longtime president and CEO at German shipowner Oldendorff Carriers, has decided to step down after nearly 28 years with the company. Twiss is succeeded by longtime employee Patrick Hutchins.Twiss’ career started at Concept Carriers in 1995, a start-up company which was established by owner Henning Oldendorff as an operating arm, with the aim of moving closer to the cargo clients.
I. MoneyNo one ever said it’s easy to understand federal budgets and spending plans. Nevertheless, a general sense of clarity and straightforwardness is critical for any review of public expenditures. This becomes more pressing when tracking revenue and expenditures linked to specific users’ fees, such as the $0.29/gallon fuel tax, paid by inland waterways operators.
Researchers from NOAA, the state of Michigan, and Ocean Exploration Trust discovered an intact shipwreck resting hundreds of feet below the surface of Lake Huron. Located within NOAA's Thunder Bay National Marine Sanctuary, the shipwreck has been identified as the sailing ship Ironton. Well preserved by the cold freshwater of the Great Lakes for over a century, the 191-ft.
A group of partners in South Korea has set out to develop, demonstrate and commercialize vessels powered by small modular reactors (SMR).Nuclear power for ships has been gaining interest amid stricter greenhouse gas emissions regulations in the international shipping sector.Nine participating institutions, including KAERI, Gyeongsangbuk-do, Gyeongju-si
Japanese shipping company Mitsui O.S.K. Lines, Ltd. (MOL) and trading company Mitsui & Co., Ltd. announced they have received approval in principle (AIP) from classification society ClassNK for the design of a large ammonia-powered bulk carrier.MOL and Mitsui jointly determined the size and specifications of the vessel, and both companies entrusted Mitsubishi Shipbuilding Co., Ltd.