Container shipping companies like Maersk, CMA CGM and COSCO have ordered hundreds of new vessels in recent years meant to help their industry slash greenhouse gas (GHG) emissions to meet rising demand from customers and regulators around the globe.Their order books, however, reflect uncertainty over which of a wide array of so-called green fuels will become the standard in the decades to come
Italian Navy divers have recovered video surveillance equipment from the superyacht that sank off Sicily last month, killing British tech tycoon Mike Lynch and six other people, a source close to the matter said on Friday.The recovery of the equipment could help explain why the British-flagged Bayesian went down during a severe and sudden storm off the port of Porticello, near Palermo, on Aug.
British tech tycoon Mike Lynch died of suffocation after running out of oxygen, an investigative source said, citing initial examinations carried out on Saturday after his body was recovered from the family yacht that sank off Sicily's coast last month.Lynch, his daughter Hannah, 18
Initial examinations of four of the people killed when British tech tycoon Mike Lynch's family yacht sank off Sicily last month indicated they had died of suffocation as oxygen ran out on the stricken vessel, judicial sources said on Thursday.Lynch, his daughter Hannah, an onboard cook and four guests died when the Bayesian, a British flagged 56-metre (184-feet) superyacht
Seattle-headquartered Saltchuk on Wednesday announced it has completed its acquisition of Overseas Shipholding Group (OSG), a New York-listed marine transportation company based in Tampa, Fla.Privately-held Saltchuk—previously OSG’s largest shareholder—said it completed a $950 million transaction to purchase all outstanding shares of OSG common stock at $8.
Shares of Viking Holdings rose 9% in their debut on the New York Stock Exchange on Wednesday, giving the travel and cruising company a valuation of $11 billion.Viking opened at $26.15 compared with its initial public offering (IPO) price of $24 in a stellar debut, amid a rebound in stock market listings and at a time when cruise stocks have delivered outsized returns.
Hong Kong headquartered ocean carrier Orient Overseas Container Line Ltd. (OOCL) said it is running its ships biofuel as a means to reduce emissions from its operations.The company, which has been using biofuel on some of its vessels since 2023, said it has partnered with customers IKEA and Kyocera for the most recent trial voyage, which commenced in early August.
TotalEnergies has supplied its first B100 biofuel bunker in Singapore, marking an expansion in its low-carbon fuels offer in an effort to support the decarbonization goals of global shipping.On August 5, TotalEnergies Marine Fuels used an IMO Type II chemical bunker tanker, MAPLE, owned by Global Energy Group
The Amerigo Vespucci, which Italians call the world's most beautiful ship, is taking a taste of its homeland on a round-the-world tour, with temporary expositions at several stops showcasing Italian products and heritage, authorities said.Tall ship Vespucci, named after the explorer who gave his name to America, is a navy boat that entered service in 1931.
Crewmembers from a Greek oil tanker have admitted to environmental crimes in U.S. waters, U.S. Attorney Philip R. Sellinger and Assistant Attorney General Todd Kim announced.Konstantinos Atsalis, the chief engineer on board the Kriti Ruby, admitted to charges related to the discharge of oily waste into the sea from a commercial vessel near a petroleum terminal in Sewaren, N.J.
Japanese shipping major NYK Group has marked the start of construction of a test facility that will serve to assess the safety of biofuels and accelerate their practical application as marine fuels.NYK plans to complete the installation of the test engine in June and analyze the biofuel in combustion tests over the next three years.
Japanese shipping company NYK has unveiled plans to conduct full-scale trials of long-term use of biofules for its existing heavy oil-fired vessels starting from 2024.Considered to have net-zero CO2 emissions, biofuels are produced from biological sources (biomass), such as waste cooking oil.