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
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.
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.
The world's northernmost oilfield was shut on Friday when a fire broke out in a sauna in the oil platform's living quarters, Eni, the Italian oil company that operates the field, said. The Arctic Goliat field is in the Barents Sea about 88 kilometers off the coast of Norway and inside the Arctic Circle.
At the Sea Japan exhibition in Tokyo, Toyohisa Nakano, (right) Executive Officer, K Line, accepts a "Great Ship of 2017" award from Maritime Reporter & Engineering News Editor and Associate Publisher Greg Trauthwein. Maritime Reporter & Engineering News is the world's largest circulation b2b publication serving the global maritime industry
Japan's Ocean Network Express (ONE) announced the commencement of container shipping businesses on April 1, 2018. ONE is the result of an integration of the container operations of three Japanese shipping carriers, namely, Kawasaki Kisen Kaisha, Ltd ("K" Line), Mitsui O.S.K. Lines, Ltd (MOL) and Nippon Yusen Kabushiki Kaisha (NYK).