U.K.-based international bank Barclays announced a new energy policy that significantly restricts the bank’s financing for the exploration or extraction of oil and gas in the Arctic.The policy rules out funding for companies seeking to drill in the Arctic Refuge as well as other climate change threats.
Taiwanese container carrier Wan Hai Lines confirmed an order of 20 container vessels with Japan Marine United Corporation (JMU) and Guangzhou Wenchong Shipyard (GWS) and China Shipbuilding Trading Company (CSTC).During the contract signing ceremony that was held at Wan Hai Lines’ Taipei headquarter on 12th November 2018
Maersk Line said it will introduce a new Bunker Adjustment Factor (BAF) surcharge designed to recover costs of compliance with the global 0.5 percent sulphur cap set to enter into force on January 1, 2020. The Danish container carrier said it expects its extra fuel costs could exceed $2 billion.
A Southampton-based maritime charity lowered its flag to half-mast today to commemorate the sinking of a hospital ship 100 years ago, which caused outrage across the nation when it was torpedoed in the English Channel, killing 123 people.His Majesty's Australian Transport (HMAT) Warilda was transporting hundreds of wounded soldiers from the French port of Le Havre to Southampton when
Norwegian Cruise Line’s first ship custom-designed specifically for the Chinese cruise market will be repositioned to sail from the United States starting in 2019.The nearly 4,000 passenger cruise ship Norwegian Joy is slated to sail seasonally from Seattle to Alaska in summer 2019 before making voyages to the Mexican Riviera and Panama Canal from Los Angeles in winter 2019/2020.
ABB turbochargers installed on board China’s largest containership help to ensure optimal performance and fuel efficiency.The flagship in COSCO SHIPPING Lines’ Universe mega containership series, the 21,000+ TEU COSCO Shipping Universe, was delivered in June 2018 by Chinese shipbbuilder Jiangnan Shipyard (Group) Co. Ltd.
Ship owner Stena said it has decided to exercise its option to order its seventh and eighth E-Flexer vessels from Avic Weihai Shipyard. The two new vessels will be deployed within Stena Line’s route network with a planned delivery in 2022.Additionally, Stena RoRo has taken an option on the construction of a further four E-Flexer vessels that would also be built at the same Chinese shipyard.
U.S. based Norwegian Cruise Line Holdings Ltd. has exercised options to order the fifth and the sixth newbuildings of the Leonardo series cruise ships from Italian shipbuilder Fincantieri.The new vessels will be about 140,000-tons, almost 300 meters long and accommodate 3,300 guests
The ownership of the Canadian firm Island Tug and Barge has changed with the purchase by the U.S. parent company Tidewater Inc. The firm is now known as Island Tug.The second tug, with the hull and superstructure completed and with the Cummins K38s installed still requires more work, was also launched in early May of 2018.The vessels were built in a warehouse on the Fraser River.
Natasa Pilides, Cyprus Deputy Minister of Shipping, has held this newly created political post for only three months, but already she has big plans to facilitate the growth of her country’s stature in world maritime circles. In Athens at Posidonia we discuss with her Cyprus’ plan for the development of the its maritime infrastructure and blue economy.
Stena Line has partnered with Hitachi’s European subsidiary to implement onboard artificial intelligence (AI) technologies engineered to minimize the shipping company’s fuel consumption costs and environmental impact.In recent years, Stena Line has embarked on a number of projects to reduce its environmental footprint
Japanese shipping major Kawasaki Kisen Kaisha (K Line) took delivery of its newest very large crude carrier (VLCC), Tedorigawa.The 311,000 dwt vessel was built at Nantong Cosco KHI Ship Engineering (NACKS), China and delivered on June 4, 2018.The Panama-flagged, 161,483 gross tons tanker has a length of 339.5 meters and a beam of 60 meters.